China Chengxin Green Finance Technology (Beijing) Ltd. (“CCXGF”) has assigned an ESG rating to IPJSC EN+ GROUP (“En+”), a leading international vertically integrated aluminium and hydropower producer at the level of “A-”.
The rating was assigned based on an analysis of 17 key indicators of En+ in the area of environmental, social responsibility, and corporate governance. At the same time, in almost all aspects the company received a rating exceeding the industry average.
CCXGF noted, En+ Group actively fulfills its social responsibilities by providing employees with strong rights protection and benefits, offering training programs to support their career development. The Company considers it its priority to consciously invest in the regions of responsibility, which contributes to the development and strengthening of social stability. En+ also successfully implements the principles of sustainable development in the supply chain management system, constantly improving the quality of products and services using customer feedback tools.
En+ has approved a strategy for achieving carbon neutrality by 2050, which covers the activities of the Power and Metals segments. The Company constantly analyses climate risks and develops measures to adapt to them, which also contributes to achieving carbon neutrality and modernizing enterprises.
En+ Chief Sustainability Officer Irina Bakhtina noted: "Our company is implementing flagship environmental and social programs, improving corporate governance, and the volume of investment in these areas is growing from year to year. It has allowed En+ to maintain its status as a leading Russian company in the implementation of ESG practices and to achieve recognition of our merits in global markets."
CCXGF is a subsidiary of China Chengxin International Credit Rating Co., Ltd. (CCXI), the first Chinese rating agency with the largest market share in the domestic market of China. CCXGF is a pioneering service provider, specializing in ESG rating, ESG bond certification, and other sustainable finance related services.
