On the afternoon of 29 June, the awarding ceremony for China's first-ever Enterprise ESG Management System Certification was held at Yankuang Energy. Duan Yonggang, Deputy Party Secretary, Executive Vice Chairman and Secretary-General of China Association for Quality (CAQ), presented the first ESG Certification plaque to Li Wei, Secretary of the CPC Shandong Energy Committee, Chairman of SDE and Yankuang Energy. This milestone signifies that Yankuang Energy has developed an internationalized set of management, improvement, and rating experience within China's distinctive ESG system, promoting Chinese enterprises to showcase a positive profile to the world during the internationalization process.
In his speech, Li Wei stated that as China implements the new development philosophy and a Chinese path to modernization, the ESG concept has become a new driving force for high-quality economic and social development. Under the ESG strategic policy of "green and low-carbon, compliant and transparent, and sustainable," Yankuang Energy has consistently shouldered both economic and social responsibilities, focusing on creating economic benefits while protecting the ecological environment. It strives to contribute to the nation, promote green development, serve society, and implement science-based governance. Yankuang Energy has created an ESG management model with distinctive characteristics, forging an outstanding path with remarkable achievements.
Li Wei emphasized that Yankuang Energy established a sustainable development committee within the Board of Directors very early, formulating ESG management visions, goals, and strategies, and building an ESG indicator system. The Company integrates ESG management into all areas of corporate governance, covering the entire production and operation process. By 2022, it has compiled and published ESG reports for 15 consecutive years. Its excellent ESG management performance acts as a "golden key" to unlock a new phase of improved quality and efficiency.
In 2022, it ranked first in the domestic coal industry in the CDP (Carbon Disclosure Project) rating, and was selected as a constituent stock of the MSCI China Index and the Hang Seng Sustainable Development Index. Moving forward, Yankuang Energy will have a global perspective，align itself with world-class standards, and enhance its ESG governance performance.
Duan Yonggang commented that CAQ, one of the first batch of well-known China accreditation institutions, gives credit to the loyal customers such as Yankuang Energy for their long-term support on CAQ's development. In addition, CAQ has witnessed the social and economic growth realized by customers through quality accreditation. In the next stage, CAQ shall remain committed to forging high-quality accreditation service, and cultivating advanced quality management tools and premium service products. With a special focus on ESG leading projects, CAQ will continuously provide SDE and Yankuang Energy with professional and technical support so as to improve corporate KPI in a steady manner.
At the awarding ceremony, Yao Qin, the General Manager of QAC conferred the ESG management system accreditation certificate to Xiao Yaomeng, the Secretary of the CPC Yankuang Energy Committee, Director and General Manager of Yankuang Energy.
Participants of this event include Li Gaoshuai, Executive Deputy Secretary General of CAQ, and the responsible person from the Beijing Office of Detons China.
It is understood that ESG, namely environmental, social and corporate governance, which involves information disclosure, evaluation and rating and investment guidelines, is the basis of socially responsible investment, and is an integral part of the green financial system. Different from traditional financial indicators, ESG indicators can more effectively evaluate a company's sustainable development ability and ethical impact, and help investors better predict the company's future financial situation and performance.
