Shanghai Electric's Upgraded HSI ESG Rating Highlights Its Corporate Social Responsibility Efforts in 2020
Shanghai Electric has performed well in developing its ESG strategy, which refers to environmental, social and corporate governance factors that measure a company's sustainability and societal impact on investment.
- Shanghai Electric has performed well in developing its ESG strategy, which refers to environmental, social and corporate governance factors that measure a company's sustainability and societal impact on investment.
- The rating came as Hang Seng Indexes recently included Shanghai Electric in some of its sustainability-related indexes Hang Seng (China A) Corporate Sustainability Index, Hang Seng (Mainland and HK) Corporate Sustainability Index and Hang Seng (China A) Corporate Sustainability Benchmark Index.
- The rating upgrade underscores further recognition of Shanghai Electric's achievement to promote sustainability and corporate responsibility in recent years, after receiving an upgrade of its MSCI ESG Rating in 2020.
- As part of the Company's corporate responsibility practices, Shanghai Electric has actively participated in poverty alleviation work in rural areas in China.