On August 12, the 4th "Best Managed Companies" (BMC) list jointly issued by Deloitte China, Harvard Business Review and other organizations was officially announced, and Xuhui Holdings (00884. HK) has successfully stood out for its outstanding performance in corporate governance, ESG and integrated urban operation services, and has been awarded the title of "China Excellent Management Company" for three consecutive years.
Lin Wei, Vice Chairman of the Board of Directors of Xuhui Holdings, participated in the award presentation
China Excellence Management Company Awards Ceremony
The "China Management Excellence (BMC)" award, the only international award in China that conducts a comprehensive assessment of the management system of private enterprises, landed in China in 2018 and was jointly initiated by Deloitte China, Bank of Singapore, HKUST Business School, Harvard Business Review Chinese Edition, aiming to identify and recognize private enterprises with advanced management concepts and management excellence. This year's award-winning enterprises, the indicators of each industry are higher than the average level of the A-share corresponding industry, showing good value of "resilient enterprise" and "social enterprise".
It is worth mentioning that previously, in the list of "Asia's Best Corporate Management Team" in 2022 sponsored by Institutional Investors on June 23, Xuhui won many awards such as "Most Respected Company" for six consecutive years, and became the only enterprise in the real estate industry to receive the honor of "Most Respected Company" with Xuhui Yongsheng Service. This time, Cifi once again won the authoritative honor of "China Excellent Management Company" in the field of corporate governance, which reflects the recognition of The Great Importance and Continuous Improvement of Corporate Governance while maintaining steady operation.
ESG continues to make breakthroughs to build green competitiveness
In the face of the uncertainty of the internal and external environment, Xuhui has always strengthened its confidence in the future of the industry, practiced long-termism, continuously improved the environmental, social and governance level of ESG, fully integrated the concept of sustainable development into the development strategy, and built a green competitiveness through the cycle.
In May this year, Xuhui released the 2021 ESG report, "compliance management" as an important support for the company's internal governance, has attracted market attention. In 2021, Cifi appointed Dr. Lin Caiyi, a well-known economist, as an independent non-executive Director, a member of the Audit Committee and a member of the Nomination Committee of the Company, as the first female member to join the Board, to promote the diversification of the Board.
In addition, Cifi also released the "Green Finance Report 2021" on August 2, which is also the second year that Cifi has disclosed the use of green financing funds and environmental benefits in the form of a report, and continues to fulfill the commitment of annual disclosure in the Green Finance Framework established by the company in 2020.
Cifi Released 2021 ESG Report and Green Finance Report 2021
With its continuous breakthrough in sustainability, in 2021, Cifi continued to be included in the Hang Seng Corporate Sustainability Benchmark Index and was included as a constituent stock of the Hang Seng ESG 50 Index for the first time. In November, MSCI, the world's largest index company, also upgraded The ESG rating of SchMIF from the original BB to BBB, which has been improved for two consecutive years. In addition, on the first trading day of 2022, Cifi successfully issued an additional US$150 million of green bonds overseas to help improve the company's operating efficiency.
In the era full of uncertainty, Xuhui takes the initiative to seek change, break the old and establish the new, and integrates the concept of ESG and sustainable development into corporate strategy and daily governance around the long-term and high-quality development of enterprises, and crosses the industry cycle with more resilient strength!