Shell-W (02423): MSCI ESG rating upgraded to “AA”

According to the Zhitong Finance App, Seashell-W (02423) announced that Morgan Stanley Capital International (MSCI) raised the company's ESG rating from “A” to “AA” in its environmental, social and governance (ESG) rating, marking three consecutive rating increases from 2023 to 2025. This achievement underscores the firm's strong commitment to advancing ESG practices within the industry.

In MSCI's latest assessment, the company scored an impressive 6.6 in the ESG governance category, which is better than the industry average. By continuously improving business ethics and anti-corruption rules and policies, and implementing a comprehensive business ethics standards training program, the company has made significant progress in corporate behavior. The company's rating in the ESG environmental category also increased significantly over the same period last year. This achievement was due to the company's implementation of the “Apartment Environmental Protection Convention”, which guides tenants and apartment managers to implement green practices and promote the development of urban communities through apartment projects.

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 over a specific period of time

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.