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Top 10% Globally! COLI Achieves "Low Risk" ESG Rating from Morningstar Sustainalytics

Time:2024-10-18 19:07:50Source: China Overseas Holdings Limited

Recently, China Overseas Land and Investment Limited (COLI) (00688.HK) received a low-risk ESG risk rating of 13.7 from the international rating agency Morningstar Sustainalytics, placing it in the top 10% of assessed companies worldwide and ranking as the best among mainland property enterprises, thereby maintaining its industry-leading position.

Sustainalytics, a subsidiary of the U.S. Morningstar Group, is one of the leading providers of ESG research, data, and assessments globally, covering over 16,000 companies in its ESG risk ratings.

The risk rating methodology employed by Morningstar Sustainalytics consists of three modules: corporate governance, ESG issues, and company-specific issues, encompassing various composite indicators across the environmental (E), social (S), and governance (G) dimensions. The ESG risk rating system categorizes risks encountered by companies in these areas into "controllable" and "uncontrollable." The controllable risks are further divided into "controlled" and "uncontrolled," ultimately calculating the overall ESG exposure by deducting the controlled risks to derive the ESG risk score and rating.

Since Sustainalytics' risk score measures a company's ESG risk, a lower score is preferable. In the Sustainalytics rating system, risk scores range from 0 to 100, with each ten-point range representing a level of risk: 0-10 indicates almost no risk, 10-20 signifies low risk, while scores above 40 represent severe ESG risks.

 

The English version is provided for reference only. The Chinese version shall prevail in case of any discrepancies between the English and Chinese versions.