On December 21st, CECEP released the Environmental, Social, and Governance Report (2022) (hereinafter referred to as the Report). This is the first ESG report published by CECEP, aiming to reflect its continued focus on energy conservation and environmental protection as its core business in 2022. The report demonstrates the company's leading practices in deeply integrating ESG principles into its high-quality development process. It fully showcases its image as a firm advocate and active practitioner of ESG, as well as its vision and determination to accelerate its transformation into a world-class energy conservation, environmental protection, and health industry group. The company is committed to making a greater contribution to the protection of the ecological environment and the construction of beautiful China.
The Report has been prepared in accordance with the requirements for disclosure, with the main sections divided into environmental, social and governance subjects. It includes the following main content: "Building a Green Foundation for Green Development", "Creating Shared Beauty for Harmonious Development in the New Era" and "Excellent Governance Unleashing New Momentum for High-Quality Development". The Report focuses on showcasing CECEP practices and achievements in actively implementing the Two Mountains concept, enhancing people's well-being, and promoting high-quality governance in 2022. Additionally, it features a special section titled "Charting a Low-Carbon Blueprint for a Green Future", which systematically presents CECEP achievements in the "dual carbon" work and its contributions to addressing climate change.
The highlight of this released Report lies in the following aspects: Firstly, it comprehensively demonstrates how CECEP has embedded ESG practices into the macro development framework of the country, fully responding to the trends of national policies. It extensively references the ESG disclosure requirements of the State-owned Assets Supervision and Administration Commission (SASAC), Shanghai Stock Exchange, Shenzhen Stock Exchange, Hong Kong Stock Exchange, actively responds to the United Nations Sustainable Development Goals, and highlights its distinctive feature of "rooted in the local context while being compatible with international standards". Secondly, it firmly grasps the characteristic alignment between ESG principles and CECEP core responsibilities and main business. It showcases how the company strengthens its green core business to provide comprehensive energy-saving and environmental solutions to various stakeholders, joining hands with all parties to promote sustainable development as a central state-owned enterprise. Thirdly, the Report takes the lead in benchmarking the ESG Indicator System of SASAC. Based on this, it collects, analyzes and discloses ESG indicators, fully embodying the exemplary role in ESG practices among central state-owned enterprises. It also provides valuable experiences that can be referenced and replicated by other central state-owned enterprises in applying SASAC's ESG Indicator System.
