China Overseas Land and Investment Receives AA Rating from Wind ESG, Maintaining Position as "Top ESG Real Estate Company"
Time：2024-11-18 14:02:16Source: China Overseas Holdings Limited
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Recently, China Overseas Land and Investment (00688.HK) was awarded an AA rating by Wind ESG, the highest rating currently in the real estate industry. This recognition places the company on the prestigious list of the "Top 100 Best Practices in ESG among Chinese Listed Companies for 2024." COLI's outstanding ESG performance has once again been affirmed, solidifying its status as the "Top ESG Real Estate Company."
Interpretation of the Industry's Highest AA Rating
According to the latest Wind ESG rating results, only 1.52% of companies listed on the A-share and Hong Kong stock exchanges have an ESG rating of AA or above, indicating a leading position in ESG. The achievement of the highest AA rating this year highlights the high management standards, low ESG risks, and strong sustainable development capabilities of COLI.
As a responsible corporate citizen, COLI prioritizes environmental and social interests in its products, services, and corporate management models, assisting the nation and society in addressing sustainable development and climate change challenges. Furthermore, the company continually reduces ESG risks and strengthens risk control by updating its Compliance Management Measures and Risk Management Measures. It integrates sustainable factors into decision-making, daily operations, and practices, demonstrating its commitment to social contribution as a state-owned enterprise.
Introduction to Wind ESG Ratings
Wind (www.wind.com.cn) is a leading financial data, information, and software service provider in mainland China. Based on in-depth research of international mainstream ESG standards and the unique characteristics of Chinese listed companies, Wind has developed a data-driven ESG rating system leveraging its robust data capabilities. The Wind ESG rating currently covers approximately 10,000 A-share and Hong Kong listed companies in the Greater China region.
The Wind ESG rating is composed of core ESG assessment models, environmental risk assessment models, and controversy event assessment models, encompassing 29 topics, over 500 indicators, and more than 2,000 data points. The rating results reflect the company's ESG management practices and significant risks, ranging from the best AAA to the poorest CCC, based on the ESG risks and opportunities associated with the industry and performance relative to peers. ESG ratings are updated annually or in response to significant events.
The English version is provided for reference only. The Chinese version shall prevail in case of any discrepancies between the English and Chinese versions.