Recently, the renowned financial information service enterprise Wind officially announced the latest ESG ratings for the year 2024. SY Holdings Group Limited (referred to as "SY," stock code: 6069.HK) has seen its ESG rating upgraded from A to AA, due to its leading practices and outstanding performance in environmental protection, social responsibility, and corporate governance. Among the 52 companies in the diversified financial services industry that were evaluated, SY ranked second, with its ESG scores surpassing the industry average.
Wind ESG ratings are based on domestic and international ESG-related policies and standards. Through years of in-depth research combined with Wind's unique data collection, analysis, and processing capabilities, Wind has developed a localized ESG evaluation index system tailored to the characteristics of Chinese enterprises. The Wind ESG rating system defines companies with an AA rating as having "high management standards, low ESG risks, and strong sustainable development capabilities." This rating highlights the authoritative institutions' high recognition of SY Holdings' exploration and practice in the field of ESG.
As a leading supply chain technology platform, SY Holdings adopts the mission of "making supply chains more efficient and finance more inclusive," actively integrating ESG principles into strategic development, business operations, corporate governance, and corporate culture. To achieve sustainable development, SY Holdings has established a three-tiered ESG governance structure, with the board of directors making decisions, an ESG working group managing, and various departments within the group executing. This structure actively responds to the United Nations Sustainable Development Goals, focusing on six key issues: "using technology to support inclusive finance," "building a low-carbon ecosystem," "emphasizing ecological business ethics," "responsibly returning trust from all parties," "jointly developing with employees," and "conveying SY Holdings' social value." This further promotes the implementation and practice of ESG work objectives.
In terms of social responsibility, SY Holdings focuses on delivering inclusive finance, digital finance, and other key strategic sectors. By integrating technology with industrial supply chains, it helps small and medium-sized enterprises on the chain to obtain more convenient inclusive financial services. Since its establishment in 2013, SY Holdings has continuously increased investment in technology and talent, providing financial services that are described as "more, faster, better, and more inclusive." It has helped over 16,000 small and medium-sized enterprises secure over 210 billion yuan in inclusive financial services. Since its listing in 2017, the number of small and micro customers served by SY Holdings has grown more than 30 times, with 30% being "first-time borrowers" who could not obtain financing from traditional financial institutions. Currently, SY Holdings has maintained profitability for ten consecutive years and has kept a steady growth trajectory. By increasing dividend payments, it shares the fruits of its development with its shareholders.
Additionally, SY Holdings places great emphasis on fulfilling its social responsibilities and earnestly safeguarding the interests of shareholders, employees, small and medium-sized enterprise customers, and other relevant stakeholders. The company actively engages in philanthropic and charitable causes, letting love become a force that warms and propels forward. The SY Foundation, established by SY Holdings and adhering to the philosophy of "Starting from the Heart, Gathering Goodness into Light," focuses on "caring for children in difficult situations," "supporting rural revitalization," and the "Youth Inspiration Program," and has been rated as a 3A-level charitable organization. To date, through public welfare activities such as "Angel's Heartbeat," "The March of an Egg," and "Little Swallows on Construction Sites," SY Holdings has spent over 13 million yuan on public welfare, contributed over 6,000 hours of public service, reached over 11,000 people through its public welfare efforts, and helped more than 140 children with congenital heart disease.
In terms of environmental responsibility, in response to China's green development goals of "carbon peak by 2030 and carbon neutrality by 2060," SY Holdings has incorporated green and low-carbon practices into its strategic development system. The company has committed to "publishing a carbon neutrality roadmap no later than 2030 and achieving carbon neutrality no later than 2060." Additionally, through its independently developed "SY Tong Cloud Platform," SY Holdings offers intelligent features such as registration checks, invoice verification, credit report analysis, and intelligent contract approval, achieving 100% "online and paperless" financing services, which save customers approximately 90% of business processing time on average. To date, the SY Tong Cloud Platform has cumulatively reduced paper consumption by 46.21 million sheets, equivalent to a reduction of 358 tons of carbon emissions. Furthermore, SY Holdings actively promotes "green office" and "low-carbon action" initiatives, enhancing the management of energy, water resources, paper, and passenger vehicles, making environmental protection a habit in both work and life.
Bolstered by its extensive involvement in ESG practices, SY Holdings has garnered broad recognition from both the industry and society, successfully being included in the "2024 Forbes China Fintech ESG Practice Enterprise TOP10" list. Concurrently, SY Holdings has been rated A by the MSCI ESG ratings, marking a leading assessment within China's financial sector. Furthermore, it has received affirmation from S&P Global, placing its ESG score in the top 26% globally among its industry peers. Looking ahead, SY Holdings remains committed to enhancing the technological capabilities of its platform, upholding the principles of "technology for good" and "sustainable development," and contributing to the robust growth of the real economy through the power of inclusive finance.
