03 Jul 2023
Towngas & Towngas Smart Energy both recongised as Top 1% S&P Global ESG Score (China) and included i
Towngas and Towngas Smart Energy are both recognised as the Top 1% S&P Global ESG Score (China) before. Towngas Smart Energy is also the only company in the industry to be named an “Industry Mover”. The fact that the Group stands out among nearly 1,600 companies assessed in 60 industries is a testament to the Company’s widely recognised efforts in all aspects of corporate environmental, social and governance (ESG).
Towngas and Towngas Smart Energy are the first companies in Hong Kong to take climate-related and nature-related issues into account with the publication of the Climate-related and Nature-related Directive Guide in November 2022. The Group has conducted an assessment of its principal business and disclosed in the Guide the potential risks and opportunities to the business arising from the related issues. In recent years, the two companies have been actively responding to enquiries and research questionnaires from international ESG rating agencies in order to provide stakeholders with a better understanding of the Group’s long-term development direction, and the fact that both companies have their ESG ratings upgraded reflects that the Group’s ESG practices are in line with international standards.”
Towngas and Towngas Smart Energy have scored 67 and 68 respectively in the 2022 S&P Global Corporate Sustainability Assessment. S&P Global upgraded the Group’s ratings based on various areas, including concerns and responses on biodiversity issues, addressing and identifying climate change risks and opportunities etc. For the 16th consecutive year, S&P Global has published a global version of the Sustainability Yearbook. This year, for the first time targeting the China market, the Sustainability Yearbook (China) was launched to recognise companies with outstanding ESG scores across the industries. The “Industry Mover” distinction is given to companies within the top 15% of each industry in the S&P Global ESG Score with the strongest improvement in their industry compared to the previous year.
Towngas and Towngas Smart Energy are both recognised as the Top 1% S&P Global ESG Score (China) and are included in the S&P Global Sustainability Yearbook (China) 2023. Towngas Head of Corporate ESG/ Head of Corporate Affairs Mr. Isaac Yeung (middle) alongside ESG team members received the recognitions on behalf of both companies.