On October 19, the ESG China Innovation Annual Conference (2024), themed “Empowering New Productive Forces for a Sustainable Future,” kicked off with great fanfare in Beijing. During the event, the China Enterprise Reform and Development Research Association, in collaboration with China Central Television, unveiled the “2024 Annual ESG Excellence Practice Report.”
Among the highlights of the report was Shanghai Electric’s entry, which was recognized for its comprehensive ESG practices and innovative case studies under the theme “Pioneering a Green Future.” Dong Jianhua, a member of the Shanghai Electric Group’s Party Committee and Executive Vice President, accepted the award on behalf of the company.
This marks the second consecutive year that the China Enterprise Reform and Development Research Association and CCTV have jointly released this report. This year, 458 projects were submitted for evaluation, and after rigorous multiple rounds of assessment, only 31 companies were selected, including major state-owned enterprises like China Unicom and Sinopec.
Additionally, in the “Yangtze River Delta ESG Action Report” released by CCTV, Shanghai Electric was included in the list of “China’s ESG Listed Companies in the Yangtze River Delta – Pioneers 50 (2024),” becoming one of four state-owned enterprises from Shanghai on the list, further validating the company’s achievements in the ESG arena. Shanghai Electric also received the “Annual ESG Practice Case” award from Jiemian News and was recognized as one of the “Top 500 ESG Excellent Enterprises” by Sina Finance.
Since 2016, Shanghai Electric has disclosed its ESG reports for eight consecutive years, consistently aligning with national strategies and regulatory requirements. The company is driven by both business growth and intrinsic motivation to propel its ESG initiatives. With a focus on technological innovation and green development, Shanghai Electric sets a benchmark for sustainable growth in the industry, continuously exploring new paths toward sustainability and striving to lead in the global ESG sector.
In the realm of environmental protection, Shanghai Electric actively supports the national “dual carbon” goals by enhancing product energy efficiency through technological innovation, speeding up the research and application of renewable energy equipment such as wind, solar, and hydrogen storage, thus promoting the use of clean energy. The company has also intensified green modifications in its production processes, achieving significant results in energy conservation, emission reduction, and resource recycling.
In terms of social responsibility, Shanghai Electric places equal importance on economic gains and the social value of enterprises. The company actively engages in community development, educational support, and poverty alleviation through various initiatives, including establishing special funds, providing technical support, and nurturing talent—contributing to social harmony and progress. Particularly during the pandemic, Shanghai Electric swiftly donated protective equipment and ensured the supply of critical machinery, showcasing its commitment to corporate social responsibility.
Regarding corporate governance, Shanghai Electric continually optimizes its internal management mechanisms, strengthens board functions, and enhances decision-making transparency and scientific rigor. The company prioritizes communication and collaboration with stakeholders, establishing a comprehensive ESG management system to ensure that its operations meet high standards of social responsibility and ethical norms, gaining wide recognition from domestic and international investors.
Since 2024, Shanghai Electric has achieved remarkable results in authoritative ESG evaluations. The company remains part of the Hang Seng Sustainable Development Series Index, reflecting the capital market’s recognition of its long-term investment value.
Looking ahead, Shanghai Electric plans to deepen the integration of ESG concepts and strategies, ensuring their comprehensive implementation across all levels of corporate management. The company aims to optimize its ESG governance framework and enhance the professionalism of its ESG management, establishing a more systematic and efficient ESG management system to lay a solid foundation for sustainable development. Furthermore, Shanghai Electric will strengthen cooperation with various stakeholders to jointly advance sustainability goals, continuously improving its environmental performance, social contributions, and governance standards, and contributing more “electric power” toward achieving global sustainability goals.
