The "ChinaAMC-Wind ESG Dandelion 50" Index (abbreviation: Dandelion 50 Index, code: 866611. WI) recently officially launched the Wind financial terminal.
The index selects the 50 A-share listed companies with the best ESG performance in the healthcare field, aiming to reflect the overall performance of ESG leaders in the healthcare industry, and provide an industry benchmark for the high-quality development of the pharmaceutical and medical health industry, the creation of famous brands, the shaping of well-known enterprises, and the implementation of social responsibility.
On the afternoon of July 3, the 2024 China Health ESG Seminar and Dandelion Index Launch Ceremony hosted by China Times was successfully held in Beijing, where a number of relevant experts, scholars and corporate executives in the medical industry who are concerned about ESG gathered to conduct in-depth discussions on topics such as how to do a good job and make good use of the "Dandelion 50 Index". Sun Jun, Vice President of Wind, attended and delivered a speech to share the compilation method and significance of the Dandelion 50 Index.
The Dandelion 50 Index takes the healthcare primary industry in the Wind classification system as the sample space, and takes December 28, 2018 as the base date, selects the 50 stocks with the highest Wind ESG comprehensive score to form the sample stocks, and adopts an equal weight design. As of July 3, 2024, the Dandelion 50 Index closed at 1347.27 points, up 34.73% since the base date.
The Dandelion 50 index constituents have good robustness in terms of financial performance. The corporate revenue and net profit of its constituent stocks have continued to rise year after year, ROE and ROA have rebounded significantly in 2023, and the per capita income has continued to be at a high level of 1.5 million yuan in the past three years, and the per capita profit in 2023 will hit a record high.
Further, in terms of promoting information disclosure and ESG practice performance, the constituent stocks of the Dandelion 50 Index also performed well, with a good capital market demonstration effect. From the perspective of the disclosure rate of independent ESG reports (including corporate social responsibility reports), the Dandelion 50 Index shows higher transparency than the industry as a whole. Among the 509 A-share listed companies in the Wind healthcare industry, a total of 191 released ESG reports for the 2023 reporting period, with an industry-wide disclosure rate of 37.52%. The disclosure rate of the constituent stocks of the Dandelion 50 Index is 96.00%, basically achieving full coverage of ESG reports. Except for Zhende Medical and Haitai Xinguang, which have not yet announced their 2023 ESG reports, other listed companies have disclosed their latest constituent stocks, among which a total of 8 companies, including Yuyue Medical, Tebao Biotechnology and MGI, have disclosed ESG reports for the first time this year.
Looking at the company's practical performance from the Wind ESG composite score, the average score of the Wind healthcare industry is 5.71 out of 10, while the average score of the latest constituents of the Dandelion 50 Index is 7.85, 2.14 points ahead of the industry average. In particular, in the two dimensions of "environment" and "society" in management practice, the score of the constituent stocks of the Dandelion 50 Index is almost twice that of the entire industry, which fully reflects its pioneering and exemplary role.
Wind ESG further rated the company as a total of 7 levels from AAA to CCC according to the score range of the comprehensive score, so as to more intuitively reflect the company's ability to operate sustainably. Focusing on the distribution of ratings, according to statistics, more than 85% of companies in the Wind healthcare industry have Wind ESG ratings below BBB. The constituent stocks selected by the Dandelion 50 Index have an ESG rating of A or above, and they are all companies with excellent performance in ESG practices. Among them, Haier Biotech has received the highest AAA rating in the market, and another 10 companies have received AA ratings.
For detailed information on the Dandelion 50 Index constituents and their ESG ratings, please visit the Wind Financial Terminal and access the 866611.WI Index in-depth data.
ESG-centered investment demands have been prevalent around the world for many years, and it is also one of the current directions of domestic institutions. As a financial information service company connecting China and the global capital market, Wind has long been collecting important information in the field of ESG, including sustainable development reports, social responsibility reports, annual reports, TCFD reports, biodiversity reports, regular announcements on the company's official website and temporary announcements, etc.
At present, the Wind ESG evaluation system covers more than 10,000 corporate entities, including listed companies, bond issuers, financial institutions, etc., and realizes the deep integration of ESG data with policy formulation, fundamental analysis, quantitative investment, risk management, index compilation, etc.
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ESG(Wind ESG评级)
Massive transparent data provides in-depth analysis of ESG fundamentals of listed companies
The indicators are in line with international standards and highlight Chinese characteristics
Risks penetrate layer by layer, and disputes are warned in time