According to the Zhī tōng cǎi jīng app, Morgan Stanley Capital International (MSCI) recently upgraded China Water (00855) ESG rating from BBB to A, as an authoritative international indexing institution.
"Water-based, achieving a benevolent society" has always been the concept held by China Water Affairs. Over the years, the company has actively promoted ESG work based on this concept, and its excellent ESG performance has been widely praised by capital market professionals. As a result, it has won numerous awards, including the ESG A rating awarded by the world's largest index company, MSCI (Ming Sheng), the "Resilient Water Utility Award" awarded by the Asian Development Bank, the "Best Infrastructure and Public Utilities Company of the Golden Hong Kong Stock" , the "Sustainable Development Inclusive Award for the Financial and Economic Longevity Award" and the "Best ESG" award at the 7th Wise Finance Listed Company Evaluation and Award Ceremony. This fully reflects the company's efforts in environmental protection, actively fulfilling social responsibilities and corporate governance has gained wide recognition from the market and investment community. At the financing level, the company has also formulated a green finance framework and successfully issued $350 million green bonds under this framework."
As the only listed company in the Hong Kong stock market mainly engaged in tap water business and pipeline direct drinking water business, China Water Affairs adheres to the core values of "water-based, achieving a benevolent society". In the "Carbon Peak and Carbon Neutrality" implementation plan outline formulated by the group in 2021, it proposed the overall goal of "carbon peak before 2030 and achieving net zero emissions before 2050", which is 10 years ahead of the government's carbon neutrality target and in line with the carbon neutrality target in Hong Kong, China and the global decarbonization path proposed by the Science-Based Targets initiative (SBTi).
Currently, China Water Affairs has established an ESG management system that meets ESG governance requirements and promotes the coordinated development of China Water Affairs. Moody's issued a second-party opinion on the sustainable financing framework of China Water Affairs Group's wholly-owned subsidiary, Yinlong Water Supply Group, and awarded the highest score of SQS1 (excellent) for sustainable development quality.
Recently, the company has actively developed high-quality tap water and pipeline direct drinking water services to meet the needs of high-quality urban development, and its efforts to achieve the "dual carbon" goal have been receiving increasing attention and recognition from the market.