BEIJING, June 17,
2024 /PRNewswire/ -- Recently, Morgan Stanley Capital
International (MSCI), an internationally recognized index provider,
announced its latest rating results. China Tourism Group Duty Free
Corporation Limited (the "Company" or "CTG DUTY-FREE", Stock
Code:1880.HK, 601888.SH) ESG rating has been upgraded from BBB to
A, marking the second upgrade since 2022.
CTG DUTY-FREE launched the ESG project on March 18, 2022. Since its launch, the Company has
promoted cross-departmental collaboration and deepened the
understanding of ESG principles from headquarters to the key
subsidiaries, thereby strengthening the implementation of ESG
practices in its core operations. The Company's MSCI ESG rating was
upgraded to BBB in August 2022 and
now to A this month. Within a span of over two years, the Company
has achieved a two-level ascent in its MSCI ESG rating, progressing
from catching up with leading international peers to achieving
parity with them in rating, showcasing remarkable project
accomplishments.
The systematic disclosure of ESG information has increased
transparency in the Company's responsible practices. The Company
has been included in various sustainability indices, such as the
ESG-Pioneer 50 Index of Central Enterprises and the ESG-Pioneer 100
Index of Central Enterprises. It has also been included in the CSI
800 ESG Index, the Shanghai and
Shenzhen 300 ESG Leading Index,
the SSE 180 ESG Leading Index, the Hang Seng Corporate
Sustainability Index, the Hang Seng (China A) Corporate
Sustainability Index, the Hang Seng (Mainland and HK) Corporate
Sustainability Index, the Hang Seng Corporate Sustainability
Benchmark Index, the Hang Seng (China A) Corporate Sustainability
Benchmark Index, the Hang Seng SCHK China Central SOEs ESG 40
Index, the Hang Seng SCHK China Central State-owned Enterprises ESG
Enhanced Index, and the Hang Seng SCHK China Central State-owned
Enterprises ESG Index.
The MSCI ESG rating is widely recognized by global investment
institutions as one of the authoritative and credible ESG
evaluation systems. Both domestic and international investors
widely refer to its rating results when making investment
decisions. According to MSCI ESG rating research, approximately 60%
of companies maintained their previous year's rating, and only 28%
of the companies achieved a rating upgrade. The steady improvement
in CTG DUTY-FREE's ESG rating reflects the high recognition from
international authoritative rating agencies regarding the Company's
sustainability level and its systematic ESG management.
Looking ahead, the Company will continue to pursue excellence
and practice the philosophy of "doing business in good faith and
providing quality services," the Company will enhance and expand
its core operations to meet the increasing demand for a better
quality of life. In addition, the Company will continuously
optimize its ESG governance system, ensuring substantial progress
in ESG initiatives, aiming to contribute to exploring innovation,
green practices, and high-quality sustainable development for
Chinese enterprises.
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SOURCE China Tourism Group Duty Free Corporation Limited