At present, ESG has become an important dimension to supplement and improve traditional fundamental analysis and measure the sustainable development ability and long-term value of investment targets, and ESG-themed investment has become an important force to drive high-quality and sustainable economic development. In this context, the water environmental protection industry represented by BEWG is playing an important role.
Recently, BEWG released its 2023 ESG report, which is the ninth consecutive year since 2015 that BEWG has released a sustainable development report, which comprehensively demonstrates BEWG's in-depth practice and excellent results in the field of sustainable development in 2023.
Establish a sustainable development committee to systematically promote ESG management and performance improvement
According to the report, BEWG actively responds to the national strategic plan, keeps up with the pace of the times, adheres to the business tenet of customer-oriented and innovation-oriented, and effectively integrates the concept of sustainable development into the core value of the group. In order to further strengthen the sustainable development management in the future, BEWG established a sustainable development committee in 2023, aiming to further improve the corporate governance system and ensure the effective implementation of sustainable development strategies. At the same time, the company also evaluated and updated the ESG materiality issue matrix to better understand the demands of various stakeholders.
Figure: BEWG's ESG material issues matrix
The BEWG Sustainability Committee is responsible for monitoring and reporting to the Board on the implementation and effectiveness of ESG management, determining material ESG issues, assessing risks and opportunities arising from climate change, reviewing and monitoring the achievement of environmental objectives, and assessing the impact of the Group's ESG performance on stakeholders.
Through the effective operation of the Sustainable Development Committee, it will help to achieve the organic unity of economic, environmental and social responsibilities, enhance the overall competitiveness and social responsibility of BEWG, and help enterprises to effectively communicate with various stakeholders, so as to identify risks and explore opportunities, and provide important reference for the formulation and improvement of corporate sustainable development strategic goals.
Carry out positive practical actions to work with the industry to combat climate change
Looking back at 2023, the intensification of global climate change, the frequent occurrence of extreme weather, and the superposition of various uncertain factors have led to severe challenges to the sustainable development of human beings, and the importance and attention to ESG around the world have been increasing.
In the ESG report released by BEWG, it fully demonstrates its efforts in accelerating the high-quality green development of the industry and itself. In terms of protecting lucid waters and lush mountains, we will continue to ensure the safety and reliability of water for society and residents, protect the health of water ecology, maintain biodiversity in and around the water system, and promote the recycling and reuse of water resources.
Figure: Guangxi Guigang Water Project - "Zero-distance, One-stop" Smart Water Supply
Figure: Biodiversity conservation and ecological restoration of Yuhangtang Project, Zhejiang
Picture: Qingquan River Wetland Project in Liaocheng, Shandong Province
In terms of building a harmonious society, BEWG, as a leading enterprise in the industry, has demonstrated excellent results and social responsibility in talent management, safety and health, customer service, innovation leadership, and social warmth. In terms of deepening scientific governance, BEWG has integrated ESG concepts into the Group's scientific governance systems such as integrity and compliance construction, sustainable supply chain management and information security assurance, laying a solid foundation for the Group's long-term and stable operation.
Figure: BEWG Shengwei Academy training platform
Picture: The scene of the "Ankang Cup" competition
Figure: The 6th China International "Internet+" Innovation and Entrepreneurship Competition and the 3rd Science and Technology Venture Capital Competition
Figure: BEWG contributed to the emergency rescue in Mentougou District
It is worth mentioning that BEWG released the ESG report this time, focusing on the company's management system and practical performance in responding to climate change risks and opportunities through the topic of "Responding to Climate Change and Carrying out Low-carbon Actions", in accordance with the framework of the Climate-related Financial Information Disclosure Guide (TCFD). Outstanding contributions to technological innovation have helped to achieve high-quality and sustainable development of the water industry.
Pictured: BEWG-Portugal actively applies photovoltaic power generation
Figure: The first working meeting of the Future New Water Expert Working Group and the press conference of the Future New Water Development Plan were held
Figure: Schematic diagram of the research project of "New Water for the Future".
Leading green development to achieve economic, social and environmental value creation
In 2023, BEWG's excellent practices in the field of sustainable development have also been widely recognized by all sectors of the market. According to public reports, BEWG has been rated A in the MSCI ESG rating year after year, becoming the only Asian company in the water industry to receive this rating, and has been selected into the first S&P Global Sustainability Yearbook (China Edition), and the S&P Global Corporate Sustainability Assessment and CDP Climate Questionnaire ratings are among the top in the industry.
Chart: BEWG was upgraded to an ESG rating by MSCI
Figure: BEWG was selected for the inaugural edition of S&P Global's Sustainability Yearbook (China Edition)
At the same time, in terms of industry awards, in 2023, BEWG has topped the list of "Top Ten Influential Enterprises in the Water Industry" of the E20 environmental platform for 13 consecutive years, and has been selected as one of the "Top 50 Environmental Enterprises in China" for 6 consecutive years. The first prize of Beijing Science and Technology Award is not only an affirmation and praise for BEWG's unremitting efforts in the past year, but also an ardent expectation and encouragement for its future development, and a benchmark and case set in the industry, so as to promote the common prosperity and progress of the industry.
As Zhou Min, Chief Executive Officer of BEWG, said in his speech in the ESG report: "BEWG takes the concept of sustainable development as the internal driving force of enterprise development, actively responds to demands, nurtures asset-light business opportunities with ESG logic, leads green development with product and service upgrades, and achieves a bumper harvest of social and economic benefits." In the future, BEWG will keep up with the pace of development in the new era, respond to the national strategic plan, unswervingly promote high-quality and sustainable development, keep the original intention with ingenuity, bring innovation to the future, and move forward to become a trusted and leading world-class water environment service provider. ”