Recently, the ESG Rating Center of Sina Finance and CCTV-1 "Brand of Great Powers" released the first "2021 China Top 500 ESG Enterprises" list. China Eastern Airlines ranked 23rd on the list, and ranked first in the transportation industry on the list. This is the second consecutive year that China Eastern Airlines has been rated A-level by MSCI (MSCI) ESG, and China Eastern Airlines Group was awarded the first batch of “ESG Demonstration Enterprises” in China. Recognition of development competitiveness.
ESG is an evaluation system that focuses on the environment, social responsibility and corporate governance, and evaluates the value of a company from the perspective of sustainable development. In the new era of high-quality development and the common goal of "dual carbon", ESG has become an indispensable evaluation indicator for corporate development.
In November 2021, China Eastern Airlines’ MSCI rating was again A after 2020. Together with the four internationally renowned airlines, Delta, Singapore Airlines, All Nippon Airways, and Lufthansa, it ranks among the highest standards in the global civil aviation industry, surpassing 64 of the rating objects. % Of the airline is also the only Class A among the seven Chinese A-share airlines.
It is understood that Sina Finance relies on the ESG rating database to conduct comprehensive ESG evaluations on outstanding Chinese A-shares, Hong Kong stocks, U.S. stocks and unlisted outstanding companies. This selecion does not rely on the data results of a single rating agency, but through a systematic analysis of the rating systems of multiple authoritative agencies, the nearly 50 key issues under the three dimensions of E, S, and G and about 450 belonging to them Specific indicators were evaluated. The indicators comprehensively cover corporate carbon emissions, resource utilization, waste disposal and other environmental data, employee training and development, supply chain management, anti-corruption, charity donations and other social responsibility data, as well as corporate governance such as board of directors, compensation system, business ethics, tax transparency, etc. data. Finally, ESG rating data fro 6 domestic and overseas rating agencies and related data published by a number of think tanks were seleced as data sources, and comprehensive scoring was carried out through processes such as data standardization and weight redistribution. The organizer selects the top 500 companies based on the evaluation results and publishes them in the form of the "Top 500 Chinese ESG Enterprises" list.
China Eastern Airlines' ESG performance has been repeatedly recognized, and it is inseparable fro China Eastern Airlines' high-quality, high-level information disclosure and active communication with stakeholders. Since 2009, China Eastern Airlines has issued corporate social responsibility reports for 13 consecutive years, and attaches great importance to actively responding to MSCI ESG issues in the report, strengthens research on MSCI ESG rating results, and dynamically adjusts management and practices based on rating results. Targetedly improve the disclosure of information on substantive issues. In the future, China Eastern Airlines will more deeply integrate ESG concepts and measures into daily operations, continuously improve ESG performance in all aspects, and strive to explore higher quality and more sustainable development models to bring higher value to social development.
