Home Business “China’s Top 500 ESG Enterprises” China Eastern Airlines ranks first in the transportation industry-China Civil Aviation Network

“China’s Top 500 ESG Enterprises” China Eastern Airlines ranks first in the transportation industry-China Civil Aviation Network

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“Civil Aviation News of China” and China Civil Aviation Network reporter Qian Fang reported: Recently, Sina Finance ESG Rating Center and CCTV-1 “Brand of Great Power” released the first “2021 China Top 500 ESG (Environmental, Social and Corporate Governance) Outstanding Enterprises” List. China Eastern Airlines ranked 23rd on the list, and ranked first in the transportation industry on the list. This is the second consecutive year that China Eastern Airlines has been rated A by MSCI (MSCI) ESG and China Eastern Airlines Group was awarded the first batch of “ESG Demonstration Enterprises” in China. It has once again been recognized for its ESG performance and sustainable development competitiveness.

The fleet of China Eastern Airlines at the main base in Shanghai (Photo courtesy of China Eastern Airlines

Relying on the ESG rating database, Sina Finance conducted a comprehensive ESG evaluation of outstanding Chinese A-shares, Hong Kong stocks, U.S. stocks and unlisted outstanding companies. It selected ESG rating data from 6 domestic and overseas rating agencies and related data published by many think tanks as data. Sources, through data standardization, weight redistribution and other processes for comprehensive scoring, nearly 50 key issues under the three dimensions of E, S, and G and about 450 specific indicators to which they belong are evaluated; the indicators comprehensively cover corporate carbon emissions, Environmental data such as resource utilization and waste disposal, social responsibility data such as employee training and development, supply chain management, anti-corruption, charity donations, and corporate governance data such as the board of directors, compensation system, business ethics, and tax transparency. In the end, the organizers selected the top 500 companies based on the evaluation results, and released them in the form of the “Top 500 ESG Outstanding Companies in China” list.

In recent years, China Eastern Airlines’ ESG performance has been repeatedly recognized. In November 2021, China Eastern Airlines’ MSCI rating was again A after 2020. Together with the four internationally renowned airlines, Delta, Singapore Airlines, All Nippon Airways, and Lufthansa, it ranked the highest level in the global civil aviation industry, exceeding 64% of the rated objects. The airline is also the only Class A among the seven Chinese A-share airlines. China Eastern Airlines has always insisted on high-quality, high-level information disclosure and active communication with stakeholders. Since 2009, China Eastern Airlines has released its corporate social responsibility report for 13 consecutive years, and has attached great importance to actively responding to ESG issues in the report. In the future, China Eastern Airlines will more deeply integrate ESG concepts and measures into daily operations, continue to improve ESG performance in all aspects, and strive to explore higher quality and more sustainable development models to bring higher value to social development.

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