China Enterprise Reform and Development Society recently released awardees of the 2022 Outstanding Achievements in Chinese Enterprise Reform and Development. China Shenhua’s “Creating First-Class ESG System for Enterprise’s High-Quality Development: China Shenhua’s Exploration in Building an Environmental, Social and Governance (ESG) System” won a second prize.
China Shenhua has been working to improve its ESG performance as a centrally-administered enterprise in the energy sector. Dedicated to reform and innovation of management on all fronts, the company has been integrating ESG principles, requirements and actions into corporate governance and strategic operation. By creating a rule-based, standardized and IT-based ESG system, China Shenhua fully integrated regulatory requirements, demand for low-carbon transformation and external driving forces like changes in the capital market with in-house driving force for high-quality and sustainable development. It has continuously improved its economic, ecological and social values and enhanced its core competitiveness. The company’s exploration offers reference for traditional energy sector and publicly listed centrally-administered enterprises in improving their ESG performances in an innovative manner.
