With its outstanding ESG achievements, China Overseas Land and Investment Limited (“the Company” or “COLI”, stock code:0688.HK) has been upgraded from A to AA in the 2023 Wind ESG Ratings. This upgrade solidifies COLI’s industry-leading position and showcases the high recognition of the Company’s efforts in promoting high-quality development and accelerating sustainable development by the capital market.
Wind has developed a rigorous rating methodology based on the core connotations of ESG, aligning with international standards and frameworks, and incorporating the characteristics of Chinese companies, to assess the company’s essential ESG performance, risk and its ability to operate sustainably. Focusing on the ESG risks and opportunities of each industry, the companies are rated on an AAA-CCC scale relative to the performance of their industry peers. Among the real estate management and development companies listed on the Hong Kong and A-share markets, approximately the top 3% of have received a 2023 Wind ESG Rating of AA or higher.
Recently, the Chinese University of Hong Kong, Shenzhen, Institute of Data Economy, Shenzhen Institute of Artificial Intelligence and Robotics for Society, and ESG Future Foundation jointly published “Carbon Rating Report of China’s 100 Overseas Listed Companies”, ranking the top 100 Chinese listed companies by market value on the New York Stock Exchange, Nasdaq, and Hong Kong Exchanges and Clearing through an extensive qualitative analysis of their ESG performances, including actual emissions, emissions intensity, carbon reduction efforts, the quality of data disclosure and future emission reduction goals. COLI has achieved a remarkable ranking in the top 3 of the Real Estate and Construction industry due to its excellent performance in decarbonisation.
Besides, COLI has been awarded the ESG Award in the “China Property of Supreme Excellence Award 2023” for consecutive years by the Award Committee on China Property Awards of Supreme Excellence and Property Management Awards of Supreme Excellence. The award is the only major award for Chinese real estate enterprises in Hong Kong, highly recognized by the real estate industry and investment community. Being a representative and authoritative project in the industry, it serves as a benchmark for investors. In response to the “3060 Decarbonisation Targets” set by China and the increased global attention on environmental protection, social responsibility, corporate governance, and sustainable development goals, the evaluation criteria for the award included companies’ ESG report performance. Deloitte China was also responsible for analysis and benchmarking.
At the 2023 Boao Real Estate Forum, The Guandian Index Academy released the authoritative research results of “2023 Influence Index · Performance of Outstanding Real Estate Companies”, recognizing exemplary companies, individuals, and projects in the real estate and related industries. COLI earned multiple awards for its extraordinary overall performance, including “2023 Influential Companies for ESG Development”, “2023 Property Developers Worth Investment”, and “2023 Influential Property Developers”.
Since 2012, COLI has been transparently disclosing its corporate social responsibility and sustainable development management strategies, initiatives, and results through annual independent reports. In 2019, COLI improved its corporate sustainability framework and structure, adopting “a Company of Four Excellences” as its sustainability strategy, which encompasses “Good Products, Good Services, Good Effectiveness and Good Citizen”. COLI set five-year (2019 to 2023) sustainable development goals, and has been diligently tracking their progress. In 2022, COLI systematically reviewed and refined its sustainable development goals, aligning them more closely with the Company’s business development and sustainability strategy. As a result, COLI established medium-to-long-term sustainable development goals (2025 and 2030). Notably, the 2022 ESG Report obtained the independent verification from the Hong Kong Quality Assurance Agency for the first time, enhancing the credibility and transparency of ESG reporting. In 2023, COLI remains committed to leading the industry. The Company will continue to spread efforts by formulating and publishing the “COLI Decarbonistion Action Plan”.
Looking ahead, COLI is firmly committed to enhancing its ESG management system, elevating ESG governance standards, and fulfilling social responsibilities through concrete actions. Adhering to the “Four Excellences” development philosophy, COLI will continue to make steady progress and create enduring value for shareholders, investors and other stakeholders.
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