Fehorizon Made Its First Entry onto the List of “30 Financial Industry Pioneers of China’s Listed ESG Companies”
Recently, the Report on ESG Actions in the Financial Industry (2024) (the “Report”) was officially released by China Media Group jointly with authorities including the State-owned Assets Supervision and Administration Commission, the All-China Federation of Industry and Commerce, the CASS State-owned Economy Research Think Tank and the China Enterprise Reform and Development Society; meanwhile, Fehorizon made its first entry onto the list of “30 Financial Industry Pioneers of China’s Listed ESG Companies” released simultaneously, ranking 10th on the list and 2nd in the category of other financial industries.
Since 2023, the “China ESG Release” has been launched for two consecutive years by China Media Group jointly with authorities including the State-owned Assets Supervision and Administration Commission, the All-China Federation of Industry and Commerce, the CASS State-owned Economy Research Think Tank and the China Enterprise Reform and Development Society. The Report released this time is among the special reports of 2024 “China ESG Release,” focusing on how financial institutions should adapt to the new demands and new changes of economy, society and environment, and support the sustainable economic and social development through sustainable finance. Through a systematic evaluation of the ESG performance of China’s financial enterprises, the Report specifically explores characteristic issues including green finance, inclusive finance, digital transformation, data security and ESG risk management. Based on a systematic evaluation of the ESG performance of China’s financial enterprises, the Report has selected “30 Financial Industry Pioneers of China’s Listed ESG Companies.” Selected for the first time, Fehorizon ranks 10th on the list, which serves as yet another proof of the effectiveness and social recognition of its ESG work.
Fehorizon actively promotes the integration of ESG factors into operation management and continues to establish and perfect an ESG management framework. Based on business and specific industry characteristics, revolving around “making significant efforts in five great articles on finance,” it keeps up its efforts in fields including technology finance, green finance, inclusive finance, old-age care finance and digital finance, explores and innovates constantly, promotes continuous transformation and upgrade of business structure and business model, facilitates the healthy, sustainable, stable and harmonious development of industrial economy and the entire society, and crates value for various interested parties.
Over the past year, Fehorizon has made continuous breakthroughs in various ESG ratings, including receiving an MSCI ESG rating of A, ranking 3rd in the niche industry and being selected as the Most Improved Enterprise in the 2024 Yearbook according to S&P Global ESG Score, and receiving a CDP (Carbon Disclosure Project) rating of B—all of which indicating an industry-leading level. Meanwhile, in accordance with The Global GHG Accounting & Disclosure Standard for the Financial Industry of PCAF and the Carbon Accounting Technical Guide for Financial Institutions (Trial) of the People’s Bank of China, the Company has finished the first complete carbon accounting of financial business in the financial leasing industry, and, for the first time, issued the Climate-related Disclosures Report of Fehorizon according to IFRS S2 Climate-related Disclosures and relevant requirements for climate-related disclosures under the ESG framework of HKEX.
With the inclusion in “30 Financial Industry Pioneers of China’s Listed ESG Companies” as an opportunity, in the future Fehorizon will continue to implement the sustainable development idea of “creating shared value and promoting harmonious development,” promote the improvement of its ESG management level, undertake the important mission as the pacemaker and innovator among Chinese enterprises in the field of ESG and sustainable development, and contribute its strength to the high-quality development of all sectors of the society.