The results of the 8th Zhitong Finance Listed Companies Awards were recently announced. Based on its outstanding ESG practices and innovations in recent years, Shangao Holdings Group Co., Ltd. won the Best ESG Company Award among listed companies.
It is understood that Shandong Hi-Speed Group’s (Shandong Gaotong) Holdings is a key overseas investment and financing platform and emerging industry holding platform. In recent years, Shandong Gaotong Holdings has actively adapted to ESG development trends, focusing on green and sustainable development industries such as new energy and new infrastructure, driven by national “dual-carbon” goals and green investment guidelines. Adhering to a professional and sustainable investment philosophy, it is steadfastly moving towards its strategic goal of becoming an outstanding industrial investment holding group.
In May 2022, Shandong Gaotong Holdings acquired Beijing Enterprises Clean Energy Group (now renamed Shandong Gaotong New Energy Group), a Hong Kong-listed company, rapidly entering the new energy industry from a high starting point. Leveraging the abundant resources of its controlling shareholder, Shandong Hi-Speed Group, it promotes the high-quality integration and development of infrastructure and energy networks. Currently, Shandong Gaotong New Energy’s installed capacity of photovoltaic and wind power has reached 4.3GW. In November 2023, Shandong Gaotong Holdings announced its intention to subscribe for newly issued ordinary shares of VNET, a leading Chinese provider of neutral data center services and a US-listed company, to enter the digital new infrastructure sector. This move aims to promote synergy between its green energy and data center industries and accelerate the green and low-carbon transformation of its high-energy-consuming data center business. Based on its outstanding performance in the new energy industry, Fitch Evergreen affirmed and maintained Shandong High-Tech Holdings’ “2” ESG issuer rating in August 2023. This rating is the highest ESG issuer rating awarded by Fitch Evergreen in the Asia-Pacific region to date. Furthermore, Shandong High-Tech Holdings’ S&P Sustainability Rating improved by 5 points compared to last year, and its S&P Sustainability ESG Rating improved by 6 points, reflecting the capital market’s high attention and recognition of its strategic transformation and ESG efforts.
