Shell-W (02423): MSCI ESG rating upgraded to A

According to the Zhitong Finance App, Seashell-W (02423) announced that Morgan Stanley Capital International (MSCI) will upgrade the company's ESG rating from “BBB” to “A” in its environmental, social and governance (ESG) rating. This achievement marks the company's second consecutive year of rating upgrades, demonstrating the company's firm commitment and unremitting efforts to promote ESG practices within the industry.

In MSCI's latest assessment, the company received an impressive 7.2 in the ESG social category, which is better than the global industry average of 4.3. This achievement stems from the company's continuous efforts to enhance human capital, including providing tailored vocational training plans and systematic career development paths for service providers, and establishing perfect privacy protection and data security measures. Furthermore, the company has made significant progress in exploring opportunities to incorporate green environmental protection concepts into various business scenarios. For example, it has formulated the “Chainjia Green Store Standard” to regulate the environmentally friendly decoration, material recycling, and installation of intelligent electricity control equipment for brokerage stores. These efforts led to a significant increase in the company's score in the ESG environment category by 1.8 points compared to the previous year.

The MSCI ESG Rating is compiled by MSCI, a leading provider of key decision support tools and services for the global investment community. It aims to provide a benchmark for institutional investors to assess a company's resilience to significant ESG risks at the financial level, and to provide a benchmark for capital allocation to maximize return on investment within a specific time period.

Adhering to the mission of “Dignified Servants, Better Living”, the company is committed to reshaping China's residential service industry through infrastructure transformation and technology-driven innovation, creating long-term sustainable value, while empowering service providers to grow professionally and provide consumers with a beautiful living experience.