On October 28, Beijing Energy International received an ESG entity rating of “2” from Sustainable Fitch, with its score increasing from 80 to 81, marking steady improvement. Meanwhile, the company’s corporate governance sub-rating was upgraded from “2” to “1”, reflecting its excellent corporate governance performance and sound internal control and governance framework. These results place the company among the leading performers in China’s clean energy industry and fully demonstrate the recognition by an international professional rating agency of its ESG governance system and sustainability capabilities.
Sustainable Fitch’s ESG rating system comprises five levels, with Level “1” representing the highest rating. The company’s continued maintenance of its Level “2” entity rating reflects the ongoing improvement and upgrading of the company’s ESG management system. It also demonstrates the company’s overall competitiveness in green and low-carbon operations and its sustained contribution to the sustainable development of the clean energy industry.
The company remains committed to its low-carbon development strategy, advancing the coordinated development of a diverse portfolio of new energy projects, including solar PV, wind power, energy storage and integrated energy solutions, while actively participating in the energy transition at home and abroad. Through the development and operation of new energy projects in domestic and overseas markets, the company continues to deliver clean electricity and contribute to global carbon emission reduction efforts through concrete actions. Alongside the expansion of its business operations, the company continues to strengthen its commitment to social responsibility. It has continuously innovated its models for collaborative rural solar PV development, promoting the coordinated development of new energy projects and local communities. It has also improved Board governance, strengthened climate risk identification, and enhanced carbon emission management throughout the entire process. These solid efforts across multiple areas have collectively contributed to the improvement in the company’s ESG score.
The positive outcome of this ESG rating will further strengthen the company’s sustainable development profile in domestic and international capital markets and help it connect with international investors and industrial partners that place a strong emphasis on ESG performance. It will also help broaden the company’s sustainable financing channels and optimize its investor base, while enabling it to secure more favorable financing terms for capital market activities such as offshore green bond issuance. These developments will further improve the company’s financial performance and provide strong support for its long-term operations and capital strategy.
Looking ahead, the company will continue to enhance its ESG management across all dimensions and deepen its international clean energy investment and operations business. Steadfastly pursuing its vision of becoming the most respected international player in clean energy investment and operations. The company will continue to contribute to the implementation of China’s carbon peaking and carbon neutrality goals and the development of a new energy system.
