On November 24th, the 14th monthly report of Shell Finance Zhongxin Beautiful China ESG Index (hereinafter referred to as "Beautiful China ESG Index") and Shell Finance Zhongxin Carbon Neutralization 100 Index (hereinafter referred to as "Carbon Neutralization 100 Index") was released. Among them, Beijing News Shell Finance and China Chengxin jointly released the evaluation results of ESG and low-carbon development of listed companies in the automobile industry.
The report shows that since 2021, the total number of ESG-related reports disclosed by the automobile industry has increased year by year. In 2023, more than 30% of listed companies in the automobile industry disclosed relevant reports, and the overall disclosure ratio was lower than the average level of listed companies in the whole industry.
Judging from the rating results, in the past three years, the ESG rating of the automobile industry as a whole has been increasing year by year. As early as 2021, the rating results were mainly concentrated in the B-BB level range, and in 2022 and 2023, they were mainly concentrated between the BB-BBB levels. In 2023, Grade A and BBB increased greatly, with Grade A increasing by 7.5 percentage points over the previous year.
Poor performance, only about 30% companies disclose ESG related reports.
In the ESG rating list of Beijing-Tianjin-Hebei listed companies jointly released by Beijing News Shell Finance and China Chengxin, automobile industry enterprises play an important role. This monthly report makes a statistical analysis of ESG disclosure and performance of A-share and Chinese-share listed companies in the automobile industry.
Shenwan industry classification shows that the automobile industry is divided into five secondary industries: commercial vehicles, passenger cars, auto parts, motorcycles and other automobile services, and automobile services. By the end of June 2023, there were 307 A-share and Chinese-funded Hong Kong-listed companies in the automobile industry, including 13 passenger cars, 19 commercial vehicles, 236 auto parts, 17 motorcycles and other cars, and 22 auto services.
According to the statistics of China Chengxin Green Gold, by the end of June 2023, 105 listed companies in the automobile industry had disclosed the 2022 ESG related reports, with a disclosure ratio of 34.20%. Among them, the number of social responsibility reports is the largest, reaching 55, accounting for half of the country; ESG reports also accounted for more than 45%, and two sustainable development reports were disclosed.
Throughout 2021-2023, the disclosure level of the automobile industry has increased year by year, with ESG reports and social responsibility reports as the main ones. In 2023, it increased by 2.74 percentage points compared with the previous year, but it was still lower than the average disclosure level of listed companies in the whole industry. In the past two years, the average disclosure ratio of reports in the whole industry has been above 40%.
Based on the publicly disclosed information of ESG, China Chengxin Green Gold rated 301 listed companies in the industry according to the ESG rating model of the automobile industry. The results showed that the ESG rating sequence of the automobile industry showed a normal distribution trend as a whole.
In this rating, A-share and Chinese-funded Hong Kong-stock auto industry ranked in the top ten in ESG performance in 2023, including Guangzhou Automobile Group, No.9 Company, Emma Technology, BYD, Great Wall Motor, China Automobile, Ningbo Huaxiang, Huayu Automobile, Lingyun and Dongfeng Group.
In the last three yearsESG level is increasing year by year.,Environmental dimensionStill to be promoted
There are many companies belonging to parts manufacturing in the automobile industry. Because the automobile manufacturing process is complex and involves a wide range of raw materials, there are many kinds of pollutants produced in the process of production and painting, which has a noticeable impact on the environment.
In the past three years, the ESG rating of the automobile industry as a whole has been increasing year by year. In 2021, the rating results were mainly concentrated in the B-BB range, and in 2022 and 2023, they were mainly concentrated in the BB-BBB range. In 2023, Grade A and BBB increased greatly, among which Grade A increased by 7.5 percentage points over the previous year.
From the level distribution of the three dimensions, the social dimension is concentrated between BB and BBB levels; The latitude of corporate governance is concentrated between BBB-A levels; In 2023, the performance of the environmental dimension of the automobile industry is mainly concentrated in the C level, accounting for 59%, and there is much room for improvement.
Specifically, in terms of environmental dimension, listed companies in the automobile industry scored relatively high in the construction of environmental management system, concentrated between 27 and 62 points.
China Chengxin Lvjin believes that the concentration of environmental risk management and other emissions management in the automobile industry is relatively scattered; In material management, energy management, water resources management, general waste management, air pollution management, climate risk management, water pollutant management and ecological environment protection, the scores are mainly concentrated below 30 points, and there is much room for improvement.
In terms of social dimension, listed companies in the industry mainly focus on 40 points or more in employee development and communication, product quality and responsibility incident management, and employee training, and the overall performance is good; Enterprises perform poorly in supplier capacity improvement, dealer access and exit management, product recall management, data security, etc., mainly concentrated below 20 points.
"The automobile industry is one of the important pillar industries in various countries and has an important impact on the social economy. Therefore, it is necessary to strengthen the management system and measures optimization in the above aspects." China Chengxin Green Gold believes.
In terms of governance dimension, listed companies in the industry need to be further improved. For example, the scores of "three meetings and one layer" governance, risk and compliance management are mainly above 60 points, among which the audit performance is outstanding and effective financial management measures are implemented. In party building work, technological innovation, business risks and performance, clean government management, strategic planning, intellectual property management, and information disclosure, they are all concentrated below 60 points.
At the Summer Summit of Beijing News Shell Finance in 2022, Beijing News Shell Finance and China Chengxin Green Gold jointly released the "2022 Beijing-Tianjin-Hebei ESG Rating Top 100 List", aiming to dig out the benchmark enterprises of ESG development in Beijing-Tianjin-Hebei region and play a leading role in the sustainable development of Beijing-Tianjin-Hebei region. Beijing News Shell Finance and China Chengxin Green Gold will continue to pay attention to ESG performance and double carbon development of listed companies in different regions and industries.
Beijing News Shell Finance Reporter Hu Meng Editor Wang Jinyu Proofread Wang Xin