Singapore and Hong Kong, 22 April, 2025 – China Everbright Water Limited (“Everbright Water” or “the Company”, stock codes: U9E.SG and 1857.HK), an environmental protection group focused on integrated water environment management, is pleased to announce that it has recently been selected for the first time in S&P Global’s Sustainability Yearbook (China Edition) (the “Yearbook”). This recognition is based on the Company’s outstanding performance in the S&P Global 2024 Corporate Sustainability Assessment (“CSA”), highlighting Everbright Water’s proactive practices and long-term commitment in the environmental, social, and governance (“ESG”) areas.
According to the Yearbook, a total of 11 candidate companies were shortlisted in the “Utilities” category to which Everbright Water belongs, with a total market capitalisation of approximately USD23.8 billion. Everbright Water is one of the two companies that were ultimately selected in this category. The evaluation under this industry category encompasses three key dimensions: environmental, social and governance, and economic, accounting for 45%, 29%, and 26% of the total assessment respectively. The assessment specifically examines the candidate companies’ performance in areas such as climate strategy, product management, waste and pollutants, water resources, social relations, human capital management, occupational health and safety, business ethics, and market opportunities.
Mr. Tao Junjie, Executive Director and CEO of Everbright Water, said, “Being included in the Yearbook is a significant recognition of the international market for the Company’s long-standing commitment to implementing ESG strategies, and an important milestone in the Company’s pursuit of green development. Currently, the industry is undergoing transformation and upgrading, and a shift towards green and low-carbon development. Everbright Water is actively exploring new opportunities and expanding new business in the ‘water-related’ field, while persistently driving digital transformation to enhance efficiency and revenue of its existing businesses to create more green value. In the future, Everbright Water will continue to pursue green, low-carbon and sustainable development through technological innovation and high-level management, injecting new momentum into the high-quality development of the industry, and contributing to China’s ‘Dual Carbons’ (i.e. ‘Peaking Carbon Dioxide Emissions and Achieving Carbon Neutrality') goals.”
S&P Global’s CSA is one of the world’s most influential corporate sustainability assessment frameworks. This year, more than 1,600 companies across 60 industries participated in the assessment and became candidates for the Yearbook, with 164 companies ultimately being selected. To quality for inclusion in the Yearbook, candidates in each industry category must achieve a CSA score of at least 30 and be within 30% of the top score in their industry (in cases where there are three candidates or even fewer in the industry category, selected companies must rank in the top 15% of scores or be the top rank in that industry).
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