Xinyi Glass Upgraded to “BB” Rating by Sino-Securities Index ESG Performance Continues to Improve 

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(Hong Kong, 13 December 2024) ― Xinyi Glass Holdings Limited (“Xinyi Glass”) (stock code 00868), a leading integrated automobile glass, energy-saving architectural glass and high-quality float glass manufacturer, has achieved a “BB” rating in the latest ESG ratings released by Sino-Securities Index Information Service (Shanghai) Co. Ltd. ("Sino-Securities Index") based on data as of 31 October 2024, reflecting the Group’s continued commitment to sustainable development. 

The Sino-Securities ESG rating system comprehensively evaluates a company’s ESG performance based on three pillars: Environment (evaluation factors include climate change, resource utilization, environmental pollution, environmental friendliness and environmental management), Social (evaluation factors include human capital, product liability, supply chain and community investment) and Governance (evaluation factors include shareholders’ interest, governance structure, information disclosure quality, governance risk, external punishment, and business ethics). In the latest rating period, Xinyi Glass achieved an overall rating of “BB”, an improvement from the previous "B" rating. Scored 73.64 (B) in Environment, 75.24 (BB) in Social, and 80.3 (BBB) in Governance. In the “Building Product” category, it ranked 4 th out of 31 companies.

Dr. LEE Yin Yee (S.B.S), Chairman of Xinyi Glass, said, "In the global wave towards sustainable development, ESG has become not only a set of evaluation standards but also a core driver for businesses to achieve long-term value creation. We believed that corporate social responsibility and business success are inseparable, which is why we have integrated ESG concepts into our corporate development strategies and continued to increase our investment in green production, energy conservation, and the circular economy. We are committed to building a sustainable development model that is resource-saving and environmentally friendly. At the same time, we are actively promoting the collaborative development of the upstream and downstream of the industrial chain to develop a green industrial ecosystem and contribute to achieving the ‘dual carbon’ goal and promoting coordinated economy, social and environment development." 

Xinyi Glass has been at the forefront of sustainable development. In recent years, to enhance transparency, Xinyi Glass has actively participated in various local and international assessments from relevant rating agencies, including MSCI ESG, the Carbon Disclosure Project (CDP), and the DJSI Corporate Sustainability Assessment (CSA), enabling investors and stakeholders to better understand the Group’s sustainability strategy and performance. It has also enabled Xinyi Glass to gain a clearer understanding of industry and international standards for continuous improvement. This commitment to sustainability has been recognized by several domestic and international indexes. As of 31 October 2024, Xinyi Glass has been included in the HSI ESG Index, HSI ESG Enhanced Index, HSI Low Carbon Index, Hang Seng Climate Change 1.5°C Target Index, World Small Cap ESG Broad Screened Index, and World Small Cap ESG Broad CTB Select Index. 

The Sino-Securities Index (SNSI) ESG Rating is compiled and published by Sino-Securities Index Information Service (Shanghai) Co., Ltd., a provider of indices and index investment services. SNSI is authorized to compile indices for the Shanghai Stock Exchange, Shenzhen Stock Exchange, and Hong Kong Stock Exchange. The SNSI ESG Rating currently covers all A-share listed companies and nearly 700 top Hong Kong-listed companies, with a market capitalization coverage of about 95% of the total Hong Kong stock market. The SNSI ESG Rating integrates traditional and alternative data to build an algorithm-driven big data engine that systematically measures the ESG performance and risk level of A-share and Hong Konglisted companies on a quarterly or monthly basis. The ratings include nine grades from “AAAC”, while the risks are categorized as “low risk, moderate, warning, and serious warning”. 

For more information on ESG ratings and scoring, please visit: https://www.chindices.com/esg-data.html