Recently, MSCI, an authoritative international ESG rating agency, announced the latest ESG rating for CYPC, upgrading its rating from BB to BBB, marking a notable advancement. Moreover, domestic ESG rating agencies, Sino-Securities Index Information Service (Shanghai) and CCXI, elevated CYPC's ratings from B to A and from A to AA, respectively.
According to MSCI's rating report, CYPC continues to lead the industry in carbon emission management and clean energy opportunities, while?making continuous strides in social responsibility and corporate governance. These rating upgrades highlight the keen attention and wide recognition CYPC has gained from stakeholders for its effective ESG management and practices, and play a crucial role in attracting sustainable value investments from the capital market.
As the operator of the world's largest clean energy corridor, CYPC is deeply committed to implementing President Xi?Jinping's Thought on the Construction of Ecological Civilization. Following the directives of the State-owned Assets Supervision and Administration Commission (SASAC), CYPC has continuously improved its ESG governance structure and ESG management system to promote a green and low-carbon energy transition. It has also strengthened carbon emission and water resource management, actively addressed climate change risks, advanced biodiversity protection and enhanced community engagement. Furthermore, CYPC?actively participated in ESG industry exchanges, built its ESG brand, deepened its ESG practices, and enhanced both its performance and influence in the industry. In 2024, CYPC has been honored with several awards, including CCTV's "Top 100 ESG Pioneer Listed Companies in China," Cailian Press's "Asia-Pacific ESG Pioneer Enterprise," the Magazine Energy's "Best ESG Brand Value Award," "ESG Competitiveness Model" on the 2024 GoldenBee CSR China Honor Roll, and the Magazine Southern Weekly's "Outstanding Case in Sustainable Carbon Reduction Practices."
In the future, CYPC will?remain?committed to the path of green and low-carbon development by continuously improving its ESG governance capabilities and standards, strengthening communication on responsibility and value with stakeholders, and driving the establishment of a sustainable development ecological chain for the hydropower industry. Through these efforts, CYPC aims to empower the company's high-quality growth and contribute to the construction of a Beautiful China and global sustainable development.
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