China Shengmu Releases 2023 ESG Report, Actively Responding to HKEX and ISSB International Financial Reporting Standards
2024-04-23 13:59:39China Shengmu has officially released its "China Shengmu 2023 ESG Report," which responds to the Hong Kong Stock Exchange's (HKEX) latest ESG disclosure requirements and adheres to the International Financial Reporting Standards (IFRS) set by the International Sustainability Standards Board (ISSB). The report provides detailed disclosures of the company’s progress in areas such as climate change governance, strategic planning, risk management, and environmental protection goals and achievements, demonstrating the company's strong commitment to advancing sustainable development.
In compliance with HKEX's new regulations and the requirements of international financial reporting standards, Shengmu has provided comprehensive and transparent information to ensure alignment with international best practices. These standards enhance investors’ and stakeholders’ understanding and confidence in Shengmu’s sustainability performance.
The Hong Kong Quality Assurance Agency (HKQAA) independently verified the data and information disclosures in Shengmu's ESG report, further enhancing its credibility. This step confirms Shengmu's performance in environmental protection, social responsibility, and good governance, not only complying with international financial reporting standards but also meeting internationally recognized high standards.
China Shengmu will continue to follow international financial reporting standards, taking a leading role in the fields of green agriculture and low-carbon organic raw milk production. The company remains committed to sustainable development, promoting green transformation in its development model, and steadfastly pursuing high-quality development with an eco-first, green development approach. Shengmu will continue to embrace the philosophy of green agriculture and low-carbon raw milk production, striving to build a new natural economy business model centered on "nature benefiting, business for good" with harmony between humans and nature.