Recently, the Hang Seng Corporate Sustainability Benchmark Index released the latest review results of the Hang Seng Index series, and GEM Co,. Ltd. (stock code “002340”, hereinafter referred to as “GEM”), through its outstanding achievements in sustainability. The qualified companies ranked in the top 10% of the Hong Kong Quality Assurance Agency (HKQAA) sustainability rankings (ranked in the top 10 percent of 355 companies in similar industries and in the top 10 percent of 1,439 companies), have now been further added as constituents of the Hang Seng A-Share Sustainability Enterprises Benchmark Index (HSCASUSB) (for 2024-2025) that will be effective from September 9, 2024.

This is the fifth year in a row since 2020 that GEM has been selected as a constituent of the Hang Seng A-Share Sustainability Corporate Benchmark Index, and the third year in a row that GEM has achieved an “A-” rating which is consistently leading the industry, further reflecting the recognition of authoritative international indexing agencies and the capital market for GEM's ESG (environmental, social and governance) performance.

The Sustainability Index of the Hang Seng Corporate Sustainability Benchmark Index is comprised of China Mainland listed companies with the best sustainability performance. The constituents are selected through a rigorous process taking into account the sustainability ratings assigned by the Hong Kong Quality Assurance Agency, an independent professional assessment organization, in line with the sustainability assessment framework designed by the agency. This year, only 142 A-share listed companies were included in the Hang Seng Corporate Sustainability Benchmark Index, including leading companies in various industries such as PetroChina, Midea and BYD.

As a member of the United Nations Global Compact Organization, GEM has long embedded sustainable development values in its corporate strategy, products, brand image and communication practices.

In 2022, the Company became the first in the industry to establish a dedicated ESG department - Dual Carbon Strategy Research and ESG Brand Promotion Center - in charge of the overall planning and management of ESG and dual carbon work, and regularly reports to the ESG Committee on the progress of climate change-related work, risk and opportunity information, including sharing relevant information with stakeholders.

In 2023, the Company has adopted some of the requirements of IFRS S1 and IFRS S2, sustainability disclosure standards officially issued by the International Sustainability Standards Board (“ISSB”), in the ESG report to address the topic of climate change, which has been of concern to stakeholders. Due to its outstanding contribution to resource recycling, GEM's electric battery recycling practice has been selected as the only resource recycling practice in the UN Global Compact's GDI Series Report for the SDGs - White Paper on Electric Battery Carbon Footprint and Low Carbon Recycling Development.

In 2024, the company launched the Zero Carbon Plan, committing to achieve zero carbon in its core products by 2027 and zero carbon in all park areas by 2030; and implemented the Full Cycle Plan, striving to have 100% full cycle sourcing by 2035.

Hang Seng Index (HSI) releases Hang Seng Index Series GEM selection results

Hang Seng Index (HSI) released the result of Hang Seng Index Series GEM induction