NEWS

National Energy Group releases 2022 Sustainable Development Report

Release time:

May 23,2023

Source:

Recently, the National Energy Group released the 2022 Sustainable Development Report. This is the sixth consecutive report released by the National Energy Group since its reorganization and establishment in 2017. It was rated as the highest level of “five-star Good” by the China Corporate Social Responsibility Report Rating Expert Committee.It is worth noting that the report is guided by the relevant requirements of ESG work in the "Opinions of the State Council on Further Improving the Quality of Listed Companies" issued by the State-owned Assets Supervision and Administration Commission of the State Council. It was officially issued after deliberation and approval by the group's party committee and the Board of directors.This is the practical exploration of the sinicization and localization of ESG international rules by the central enterprise group.

 

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The report is modeled on the group's “CE•CE Social Responsibility Management System” and takes the ESG indicator system as the framework. It focuses on selecting key hot topics that reflect the “four new and four requirements” (new era, new development stage, new development concept, new development pattern and social responsibility work policy requirements, mainstream social responsibility standards pursuit, stakeholder demands), and strives to maximize the response of domestic and foreign society to the concerns of energy companies in the fields of environment, social responsibility and corporate governance (ESG), highlighting energy companies' use of ESG to help sustainable development.

The REPORT discloses a total of 96 QUANTITATIVE INDICATORS, covering a total of 34 PRODUCTION and OPERATION INDICATORS, including the “ONE profit and FIVE rate” assessment INDICATORS. The GOVERNANCE (G) field includes 16 indicators such as PARTY BUILDING, BOARD of DIRECTORS construction, and compliance RISK CONTROL. The ENVIRONMENTAL (E) FIELD includes 14 indicators SUCH AS emissions and RENEWABLE ENERGY installed capacity, AND 32 INDICATORS IN THE SOCIAL (S) FIELD; IN ADDITION, THE REPORT discloses FROM THE perspective OF SYSTEMS, MEASURES, PLAN IMPLEMENTATION, supervision and INSPECTION, covering PARTY BUILDING leading, RURAL REVITALIZATION, COMMON PROSPERITY, ETC. WITH Chinese CHARACTERISTICS, AS WELL AS CORPORATE GOVERNANCE, GREEN OPERATIONS, ENVIRONMENTAL MANAGEMENT, ECOLOGICAL GOVERNANCE, BIODIVERSITY CONSERVATION, AND SUPPLY CHAIN. There are more than 160 qualitative indicators of social concerns such as responsibility, employee development, and community building.

The group's six listed companies, including China Shenhua, Guodian Electric Power, Longyuan Electric Power, Changyuan Electric Power, Longyuan Technology, and Yinglite, completed the issuance of the 2022 ESG report, and realized the full coverage of the ESG report of the listed company.