Corporate News
Wed.09,2023
On September 22, at the first ESG Annual Conference for Chinese Listed Companies, China Merchants Port Group Co., Ltd. (abbreviated as "CMPort", 001872.SZ) was honored to be included in the "Top 100 Listed ESG Companies in China" for its outstanding ESG performance. On the same day, the "CSI-Securities Times ESG Top 100 Index" jointly compiled by Securities Times and China Securities Index (CSI) officially launched. Comprised of the top 100 listed ESG companies, this index reflects the overall performance of listed companies with excellent ESG standards. As one of the "Top 100 Listed ESG Companies in China", CMPort was officially included as a constituent stock in the "CSI-Securities Times ESG Top 100 Index", demonstrating the market's high recognition of CMPort's commitment to integrating ESG principles into its sustainable development and its courage to shoulder social responsibilities as a central state-owned enterprise.
Top-Level Design: Striving to Become an Industry Pioneer in Implementing ESG Principles
In recent years, CMPort has elevated ESG work to the company's strategic level, proposing the overall goal of "Building a World-Class Green and Smart Comprehensive Port Service Provider." It has integrated ESG philosophies and practices into every aspect of CMPort's daily operations and management. This enhances CMPort's overall management competence and sustainable development capabilities, enabling it to strive to become an industry pioneer in implementing ESG principles.
In terms of corporate governance, since 2022, CMPort has embarked on a comprehensive enhancement project for its ESG strategy, establishing a robust ESG governance framework. The Board of Directors set up the "Strategy and Sustainability Committee” and formed an ESG leadership team and ESG working team to promote the implementation of ESG strategies. Concurrently, CMPort formulated the “ESG Management Manual” and incorporated relevant metrics into the overall performance assessment system to normalize ESG management operations.
In terms of environmental protection, CMPort has actively responded to the dual-carbon policy by setting clear goals to "reach carbon peak in 2028 and become carbon neutral in 2060". It has formulated the "5+2+2+1" action plan and ten major tasks and strategic measures for carbon peaking and neutrality. CMPort continuously strengthens energy conservation and emission reduction in the construction, production, and operation of domestic and overseas ports, promoting green and eco-friendly port development.
In terms of social responsibility, CMPort actively participates in overseas port layout and infrastructure construction, contributing to economic growth, talent cultivation, cultural integration and more in regions along its routes. It has established the "C-Blue Global Philanthropic Mission" platform for public welfare projects, fulfilling corporate social responsibility through continuous domestic and international public welfare activities and volunteer projects, and promoting a harmonious society.
Global Operations: ESG Practices Shine Through Overseas Projects
Over the past decade or so, CMPort has actively implemented its "overseas development strategy", continuously expanding and optimizing its global port network. It has now invested in and operates 50 ports across 6 continents and 25 countries and regions. While overseas port investment has achieved remarkable growth, CMPort attaches great importance to ESG initiatives. Adhering to the principle of "consultation, collaboration and sharing", CMPort integrates into local communities based on different national conditions, cultures, and development contexts. Its fruitful ESG efforts have earned high praises from host countries' governments and local people.
For example, in Sri Lanka, since 2014, with support from China Merchants Foundation, CMPort initiated the "Vision Restoration Project" in Sri Lanka, providing free cataract surgery for local patients. So far, four editions of the "Vision Restoration Project" have been carried out, helping over 500 cataract patients. In addition, CMPort has actively promoted the Hope Village construction project. Infrastructure construction of the “Hambantota Hope Village - Kendawala Village project” was completed in the first half of the year and inaugurated in April. The project has created numerous job opportunities for locals and will also improve the living environment, raise villagers' living standards, and build a happy and harmonious new village.
Looking ahead, CMPort will continue to deeply implement ESG enhancement efforts, fully leveraging its global port network advantages. While pursuing business success, it will persist in actively implementing ESG philosophies domestically and overseas. CMPort will continuously improve its ESG governance standards, strengthen ESG information disclosure, and enhance its corporate image through multiple channels. This will enable its sustainable development capabilities to gain wider recognition from stakeholders, thereby accelerating CMPort's journey to become a world's leading comprehensive port service provider with high quality.