Shangao New Energy (01250) was recognized by Fitch Evergreen to confirm the ESG subject rating “2” and the rating was raised to 80 points, showing the effectiveness of green transformation

Zhitong Finance App News, Shangao New Energy (01250) issued an announcement. On July 9, 2026, Fitch Evergreen Sustainability Assessment Co., Ltd. (“Fitch Evergreen”) confirmed the company's “2” environmental, social and governance (“ESG”) subject rating (the rating rating is “1” to “5” subject rating, “1” is the best rating) and an 80 point subject rating, up 2 points from the 2025 rating, reflecting the Group's continuous results and progress in implementing ESG management improvement measures. In the ESG report and climate action white paper released during the year, climate scenario analysis was carried out in detail, scope 3 emission data was disclosed, internal carbon pricing mechanisms were formulated, and climate risk was integrated into the overall risk management system. It received a “good” rating on various environmental, social and corporate governance indicators, reflecting the company's good ESG performance and gradually incorporating ESG considerations into business, strategy and management to help the Group's business and management innovation.

Fitch Changqing believes that the Group's main photovoltaic power generation and wind power generation business has made significant contributions to mitigating climate change, and that the Group's district heating business is more energy efficient and has less impact on the environment than independent heating systems. At the same time, the Group's strategy of actively expanding the scale of wind power and solar power generation and exploring various new energy business forms is highly compatible with the country's medium-term energy transformation direction. At the environmental level, the Group disclosed Scope 3 emissions data for the first time and issued a “Biodiversity Statement”. The depth and breadth of indicator disclosure continues to increase. At the social level, the Group actively participated in social welfare activities, showing a good image of social responsibility as a state-owned enterprise. At the governance level, the Group continuously improves its risk management system, integrates climate risk into the Group's overall risk management, and continuously improves resilience in dealing with risks.