On June 27th to June 28th, the "Gelonghui Mid-Year Strategy Summit," hosted by Gelonghui, took place in Shenzhen. In the ESG Golden Grid Awards for outstanding company selection, SY Holdings Group Limited (referred to as "SY," stock code: 6069.HK) was recognized for its outstanding performance in the field of ESG, receiving the accolade of "Excellence in ESG Corporate Governance Enterprise."
As China's economic development transitions from rapid growth to high-quality growth, the importance of Environmental, Social, and Governance (ESG) is becoming increasingly significant and is gradually becoming a key indicator of corporate competitiveness. The "Excellence in ESG Corporate Governance Enterprise" award aims to recognize pioneering companies that have advanced governance concepts and practices, demonstrated leadership and innovation in the ESG field, and made significant achievements in ensuring transparent company decision-making, strengthening internal supervision, and optimizing shareholder structure, thereby laying a solid foundation for the company's sustainable development.
The selection process for this award reportedly employed a diversified professional evaluation system, including but not limited to survey questionnaire scoring, quantitative data analysis, and comprehensive review by an expert panel, aiming to ensure the fairness, authority, and transparency of the selection results.
At the corporate ESG trends forum themed "Enterprise ESG Practice and Reflection under the Background of Dual Carbon Goals," the event invited several ESG business leaders and senior executives from well-known companies. Wang Zheng, the company secretary of SY Holdings, stated: "Listed companies should proactively integrate ESG into key aspects of corporate operations such as strategy, management, and execution, viewing ESG as an opportunity rather than a burden. Taking regulatory authorities, one of the most important stakeholders for SY, as an example, even without ESG requirements, our business management must maintain positive collaboration and interaction with regulatory authorities. On one hand, we must strictly comply with relevant regulatory laws and regulations; on the other hand, we should also actively contribute suggestions to regulatory authorities to promote industry collaborative regulation. Therefore, the concept of ESG itself originates from business operations and promotes the sustainable development of enterprises. In the long run, companies that perform well in ESG are more likely to bring considerable and sustainable returns to investors."
As a leading supply chain technology platform, SY Holdings has adopted the mission of "making supply chains more efficient and finance more inclusive," actively integrating the ESG concept into strategic development, business operations, corporate governance, and corporate culture. To achieve sustainable development, SY Holdings has established a three-tiered ESG governance structure consisting of board decision-making, ESG working group management, and execution by various departments within the group, enhancing the standardization and effectiveness of corporate governance, comprehensively identifying and assessing risks and opportunities in environmental, social, and governance aspects, and responding to the United Nations Sustainable Development Goals.
With its in-depth understanding and practice of ESG, SY Holdings has been recognised by international authoritative ESG rating agencies. The ESG rating of SY Holdings Ming Sheng Index (MSCI) is Grade A, which is the highest rating in the domestic financial industry and is at the leading level of the global peer group. For the first time, SY Holdings was awarded the S&P Global ESG Rating, ranking in the top 26% of global peers. In addition, SY Holdings was honoured to be listed on the Bloomberg Green & Gold ESG 50 list for the year 2023 with its outstanding achievements, and was awarded as the company of the year to be watched.
In the future, SY Holdings will continue to implement the concept of sustainable development, actively respond to the United Nations Sustainable Development Goals, practice the ESG concept with concrete actions, and inject financial vitality into the high-quality development of the real economy with inclusive financial services of the supply chain that have a warm touch.
