Shandong Hi-Speed New Energy Group Limited announced an update to its Environmental, Social, and Governance $(ESG)$ entity rating from Sustainable Fitch. As of July 11, 2025, the company received an ESG entity rating of "2" on a scale from "1" to "5," with "1" being the strongest, and an entity score of 78. This marks an increase of 3 points from their 2024 rating. The update reflects improvements in the company's consideration of United Nations Sustainable Development Goals and their integration into corporate strategy. The company received a "good" rating for various environmental, social, and corporate governance indicators. Sustainable Fitch highlighted the company's contributions to climate change mitigation through its photovoltaic and wind power businesses, as well as its energy-efficient districtwide heating system. The company aligns with state goals to achieve "carbon peak" by 2030 and "carbon neutrality" by 2060. Additionally, it maintains a robust supply chain management system, a zero social incidents record, and a reliable risk management system.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.