Hong Kong, August 13, 2021 – Sheng Ye Capital Limited (“SY Capital” or the “Company”, stock code: 6069.HK), an industry focused supply chain fintech platform, is pleased to announce that MSCI Inc. (“MSCI”) has initiated an MSCI ESG rating of “A” on SY Capital, recognizing the Company’s efforts and outstanding performance in its environmental, social and governance (“ESG”) strategies and measures.
The “A” rating places SY Capital on par with some of the largest industry peers including Hong Kong Exchanges and Clearing Limited, S&P Global Inc. and also outperforms other major technology and fintech companies. Based on MSCI’s report, the Company’s ESG management practices appear stronger than its peers, especially in corporate governance whereby SY Capital ranks among the top 20% of companies globally and top 5% within China.
MSCI provides in-depth research, ratings and analysis of the environmental, social and governance-related business practices to companies worldwide. As one of the most widely adopted tools by institutional investors, MSCI ESG Rating measures a company's resilience to long-term, industry material ESG risks, with an aim to help investors identify ESG performance of companies, which may flag opportunities or risks not captured by conventional financial analysis.
Jeff Tung, Chairman of SY Capital remarked, “We are extremely delighted to have our sustainability initiatives recognized by MSCI. ESG has always been central in driving all aspects of our business decisions, including creating value for our stakeholders. We’ll strive to improve our ESG initiatives and contribute to the sustainable development of the supply chain ecosystem as we embark on our transformational growth into the new digital economy.”
ESG has become an increasingly important decision-making element for many investors. SY Capital’s “A” rating by MSCI is expected to attract more attention from Socially Responsible Investors (SRI), who will expand the Company’s shareholder base, create value for investors, increase trading liquidity, and enhance its overall reputation in the capital markets.
SY Capital believes that a solid ESG performance has a decisive impact on the Company’s sustainable development, the perpetuation of its business and the creation of long-term value for shareholders. Guided by its mission to “make supply chain finance more efficient and inclusive”, in addition to achieving robust financial performance, the Company has also stepped up efforts to improve ESG management standards and performance, continuously refining its management mechanism to integrate ESG initiatives into its long-term strategy.
Looking ahead, SY Capital will continue to proactively engage in social responsibility and work with various parties to empower, promote mutual development and create value. The Company will continue to remain true to its original aspiration, continuously improve its technological innovation capability, strengthen its core competencies, and move forward steadily under its “Dual-Engine, One-Platform” growth strategy. SY Capital strives to become the most reliable supply chain fintech platform across Asia-Pacific, provide better fintech services to small- and medium-enterprises and promote social responsibility, thereby contributing to the sustainable development of the region and the industry.
