after being selected into the "hang seng china a corporate sustainability benchmark index constituents" list for the first time on september 7, 2020, gem made the list a third time by its outstanding performance in esg (environment, social, governance). the listing took effect on september 5, 2022.
currently only 149 a-share companies are on the list, including vanke, zte, catl, byd, fii, ganfeng lithium, sinopec, china unicom, ping an bank and other industrial leaders. as an important index of the capital market, the index reflects the performance and investment value of listed companies in sustainability. due to strict requirements for market capitalization, trading volume and time of listing, the index is reviewed on a daily basis, only the top 10% of a-share companies are selected, and the selection process is rigorous. thus, being selected into the list for three consecutive years shows gem has been highly recognized by index authorities for its outstanding performance in environment, carbon emission reduction, social responsibility and corporate governance.
as global attention to corporate esg sustainability has grown significantly in recent years, it has become an important evaluation indicator for long-term investment returns and risks of enterprises. investors have gradually shifted their focus to the companies with outstanding performance in esg sustainability, and global sustainability investments have been rising. the hang seng corporate sustainability index series has provided an important benchmark for developing investment products themed by social responsibility.
as a chinese leading green enterprise in urban mining and new energy materials, through tackling world technical problems such as the technology for waste battery recycling, the technology for the green disposal of electronic waste, the technology for the resource cycling of scrapped vehicles and the ternary "core" technology for power battery materials, gem has achieved key technical breakthroughs in the green processing and recycling of waste batteries, electronic waste, scrapped vehicles and other typical waste resources. gem has built up 16 recycling and new energy materials parks in 11 chinese provinces and municipalities stretching a total of 3,000 kilometers, including hubei, hunan, guangdong, jiangxi, henan, tianjin, jiangsu, zhejiang, shanxi, inner mongolia and fujian, established recycling connections with nearly 500 million chinese people, made its way into south africa, south korea, indonesia and europe, and taken its green technologies to the world.
over the past decade, gem has reduced carbon emissions by more than 2 million tons, saved more than 3 million barrels of oil and reduced deforestation by 3,000 hectares, thus contributing to building a recycling-oriented society and curbing greenhouse effect, and becoming a world advanced enterprise in terms of green and low-carbon development.
under the dual driver strategy of "urban mine new energy materials", through urban mining and the development of new energy materials, gem will serve the national strategy of carbon peaking and carbon neutrality, so as to become a world leader in green and low-carbon development. with the banner of green operation, openness and cooperation, and global esg, gem will work with its global partners to achieve carbon peaking and carbon neutrality, and forge into a green future!