On July 25, 2023, Beijing Energy International was assigned by Sustainable Fitch an ESG Entity of ‘2’ and an entity score of 76 and became the company with the highest published score of Fitch ESG in China. Meanwhile, it holds the fourth place in the world and the second place in Asia among 72 companies in five industries (including public utilities, energy, electric power, natural energy and power generation) in Fitch rankings. The achievement of this rating result is one of the important milestones in the development of the company in 2023.

ESG Ratings indicate an entity’s performance in environmental, social and corporate governance. The ratings are provided on a scale of ‘1’ to ‘5’, with ‘1’ being the best. The ‘ER2’ rating of Beijing Energy International not only reflects its remarkable achievements in sustainable development and social responsibility, the recognition by international institutions in the company’s sustainable action, but also shows the company’s determination and confidence in building itself into a first-class international clean energy provider, green investor and operator” that supports the country in developing green and low-carbon energy with high quality.

The company has closely followed the positive impact of business development on climate issues. Through investment and development of wind power,

PV power, hydropower, energy storage, it actively promotes the transformation of energy structure and is committed to the co-construction and sharing of low-carbon clean energy around the world. At the same time, as a responsible supplier of green energy development, the company actively responds to national policies such as “promoting rural revitalization in an all-round way”, innovates and explores the model of poverty alleviation through PV power projects based on the characteristics of the industry, and facilitates the integrated development of photovoltaic projects with surrounding communities and villages, to ensure that the benefits of clean energy projects can be shared at a broader scale. In addition, the company always focuses on risk management in the operation process, establishes a sound governance structure, and ensures the compliance of operation and management. According to Fitch Ratings, these actions have had a positive impact on the company’s ESG rating.

Good ESG rating results will provide more development opportunities for the company in domestic and overseas capital markets and attract a wider range of investors and partners. In the future, the company will continue to innovate on its sustainable and healthy development, actively promote the in-depth development of ESG, and make greater contributions to building a green and harmonious society while achieving long-term steady development.