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Recently, the internationally recognized index provider Morgan Stanley Capital International (abbreviated as “MSCI”) updated the latest ESG rating results for China Overseas Grand Oceans for 2024. Thanks to its leading practices and outstanding performance in ESG, China Overseas Grand Oceans has achieved an MSCI ESG rating of "A" for the first time, the highest rating for real estate companies in mainland China. This marks a steady rise for two consecutive years, despite a general downturn in industry ratings (from BB to BBB in 2023, and further upgraded to A in 2024). In the context of widespread rating downgrades across the industry, this latest upgrade reflects the capital market's ongoing attention and high recognition of China Overseas Grand Oceans' exploration of high-quality corporate development and its accelerated efforts in advancing sustainable transformation.
As one of the earliest and most influential rating agencies globally, MSCI's ESG ratings are characterized by independence, consistency, and transparency. They represent one of the most widely accepted rating systems among investors and have become a mainstream investment reference in international capital markets, currently covering over 10,000 companies and more than 785,000 global stocks and fixed-income securities. The upgrade to an "A" rating indicates that the company is at the leading level in the real estate sector across six major issues: corporate governance, corporate behavior, human capital development, responsible investment, privacy and data security, and financing that impacts the environment. Currently, the company has achieved an AA rating in the domestic mainstream Wind ESG rating, ranking in the top 1% of the industry (3rd out of 397), and has reached a new high of 95 points in the GRESB ESG rating, maintaining a four-star rating.
China Overseas Grand Oceans is committed to creating safe, comfortable, green, and intelligent "quality housing" products. The company practices a high-quality sustainable development path that emphasizes social responsibility through “green initiatives,” employee care through “green integration,” and corporate management through “green governance.” It continuously improves its ESG work mechanisms and governance structure, proposing a “GO.ESG” development strategy that deeply integrates with corporate production and operations, showcasing the company’s achievements in green low-carbon building development, corporate governance and compliance, talent cultivation and welfare, technological research and digital product promotion, social welfare, and customer service, which have garnered high recognition from the government, higher authorities, and the market. The company has received numerous honors, including the United Nations Sustainable Development Goals Achievement Award from the Hong Kong Environmental Protection Association, the Asian Corporate Social Responsibility Award from the Asian Chamber of Commerce, and the Innovation Enterprise Award in Carbon Neutrality from the Carbon Neutrality Committee of the China Energy Conservation Association.
In the ongoing process of effective ESG governance, China Overseas Grand Oceans actively realizes comprehensive digitalization of ESG management, supporting the development of the “Smart Carbon Space” ESG digital management platform. This platform configures, calculates, and manages ESG indicators according to major international rating systems, achieving informational, digital, and visual management of ESG, thereby enhancing the efficiency of ESG management and the credibility of information disclosure. Simultaneously, the company also provides ESG and related services externally, empowering green development through market-oriented approaches. This includes supporting the ESG platform development for China Construction (601668), providing ESG consultancy services for Senying (301227.SZ), and participating in the construction of a public ESG service platform for the Chinese building materials industry.
Looking ahead, China Overseas Grand Oceans will resolutely implement the decisions and deployments made by the central government and the State Council regarding accelerating the comprehensive green transformation of economic and social development. The company will actively seize opportunities for green transformation and deeply practice the concepts of ESG and sustainable development, with a vision to lead high-quality development in the construction and real estate industry. It will benchmark against world-class enterprises, actively cultivate distinctive advantages in green low-carbon building, and promote the construction of “quality housing” with a focus on ensuring the well-being of the people. The journey continues, and the company is dedicated to contributing to high-quality economic and social development!
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