The results of the 8th Zhitong Finance Listed Company Awards were recently announced, and Shandong Hi-Speed Holding Group Co., Ltd. won the Best ESG Company Award among listed companies for its outstanding ESG practices and innovations in recent years.
Shandong Hi-Speed Holding is an important overseas investment and financing and emerging industry holding platform under Shandong Hi-Speed Group. In recent years, Shandong Hi-Speed Holding has actively adapted to the ESG development trend, focusing on green and sustainable development industries such as new energy and new infrastructure, driven by the national “dual carbon” target and green investment guidelines. Adhering to a professional and sustainable investment philosophy, it is steadfastly moving towards its strategic goal of becoming an excellent industrial investment holding group.
In May 2022, Shandong Hi-Speed Holding acquired Beijing Enterprises Clean Energy Group (now renamed Shandong Hi-Speed New Energy Group), a Hong Kong-listed company, rapidly entering the new energy industry from a high starting point. Leveraging the rich resources of its controlling shareholder, Shandong Hi-Speed Group, it promotes the high-quality integrated development of infrastructure and energy networks. Currently, Shandong Hi-Speed New Energy’s installed capacity of photovoltaic and wind power has reached 4.3GW. In November 2023, Shandong High-Tech Holdings Co., Ltd. (Shanghai High-Tech) announced its intention to subscribe for newly issued ordinary shares of VNET, a leading provider of neutral data center services in China and a US-listed company. This move aims to position the company in the digital infrastructure sector, promote synergy between its green energy and data center industries, and accelerate the green and low-carbon transformation of its energy-intensive data center business.
Based on its outstanding performance in the new energy industry, in August 2023, Fitch Evergreen affirmed and maintained Shandong High-Tech’s “2” ESG issuer rating. This rating is the highest ESG issuer rating awarded by Fitch Evergreen in the Asia-Pacific region to date. Furthermore, Shandong High-Tech’s 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.
