Longyuan Power Included into Centrally Administered State-owned Enterprises ESG Top 50 Pioneers Index

From November 7 to 8, the 5th China Enterprise Forum was held in Jinan, capital of Shandong Province, under the guidance of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), the All-China Federation of Industry and Commerce, the Shandong Provincial People’s Government, and Xinhua News Agency. The forum issued the 2022 Blue Book on ESG of Centrally Administered Listed State-owned Enterprises (SOE) and the Centrally Administered SOE ESG Top 50 Pioneers Index. China Longyuan Power Group Co., Ltd. (“Longyuan Power” for short) under CHN Energy ranked second in the Centrally Administered SOE ESG Top 50 Pioneers Social Value Index and 14th in the Centrally Administered SOE ESG Top 50 Pioneers Index. Besides, its project “Acting on the ESG development philosophy to build a world-class new energy enterprise” was selected as a best practice case in the Blue Book.

(Linhai Kuocangshan Wind Farm of the Zhejiang branch of Longyuan Power)

The 2022 Blue Book on ESG of Centrally Administered Listed SOEs and the Centrally Administered SOE ESG Top 50 Pioneers Index was compiled by the CSR Cloud Institute under the guidance of the SASAC Social Responsibility Bureau, based on an evaluation of 426 listed companies controlled by centrally administered SOEs according to their ESG capacity, environmental and social value creation, and risk management capacity. The top 50 companies were selected according to their overall performance as well as their specific performance in the three segmented sectors of ESG, social value, and risk management, forming four indexes. At the forum, Longyuan Power shared its practical experiences in environmental protection, social contribution, and corporate governance, and expressed the willingness to build itself into a forerunner in ESG-driven, low-carbon development throughout the industrial chain of wind power.

In recent years, Longyuan Power has attached considerable importance to its social responsibility as a centrally administered SOE, earnestly acted on the SASAC’s requirements on listed companies controlled by centrally administered SOEs for high-quality development, and dovetailed world-class standards while taking into account domestic standards to strengthen its ESG system. By doing so, it played an exemplary role as a centrally administered SOE. In addition, it enhanced the ESG awareness among its employees and told its stories well externally, enhancing its investment value in the capital market and increasing its influence both at home and abroad.