CR Power was ranked 7th as a Pace-Setter among 67 companies in the first Greater Bay Area Business Sustainability Index (“GBABSI”) jointly launched by the Chinese University of Hong Kong (“CUHK”) Business School’s Centre for Business Sustainability (“CBS”), CUHK and SGS Hong Kong on 24 July 2020.
With the growing economic importance and international interest in the Guangdong-Hong Kong-Macau Greater Bay Area (“GBA”), social and environmental impact of the companies operating in the GBA is increasingly important. To encourage and support companies to thrive responsibly and sustainably and contribute to the sustainable growth of the GBA, CUHK Business School’s CBS launched the GBABSI in 2019. Compiled annually, the index evaluates the sustainability practices of 67 constituents in the Hang Seng Stock Connect Hong Kong Greater Bay Area Index in three aspects, the values of corporate social responsibility (Values), the management and practice of corporate social responsibility (Process) and the impact of society and natural environment (Impact) based on the publicly available information that the companies provided in an online questionnaire.
According to the first GBABSI, out of the 67 constituents in the Hang Seng Stock Connect Hong Kong Greater Bay Area Index, approximately 60% were rated as Explorer (scored below 50). CR Power was rated as Pace-Setter (scored 80-89) with excellent results in all aspects of assessment underpinned by its outstanding corporate social responsibilities’ performance. It is an affirmation of CR Power’s sustainability performance in 2019 by a credible rating organization in Hong Kong. The assessment results will be announced through CUHK Business School’s press release, CBS website, Hong Kong Economic Times and Southern Metropolis Daily’s supplement and other websites to provide a benchmark for the international community.