China Southern Power Grid Energy Storage Company released its 2022 ESG report and received a leading rating of four and a half stars

On March 28, China Southern Power Grid Energy Storage Co., Ltd. (hereinafter referred to as "China Southern Power Grid Energy Storage", stock code 600995) officially released the "2022 ESG Report" (hereinafter referred to as the "Report"). The report is the first ESG report released by China Southern Power Grid Energy Storage after completing a major asset reorganization and listing. It details the company's management philosophy, highlights and annual achievements in environmental, social and governance work in 2022.

China Southern Power Grid Energy Storage participated in the report rating for the first time and was rated four and a half stars by the China Corporate Social Responsibility Report Rating Expert Committee based on seven dimensions: process, substance, completeness, balance, comparability, readability and accessibility. This achieved the expected goals of report compilation and is a leading corporate ESG report.

Liu Guogang, Chairman of CSG Energy Storage, said in his speech that in 2022, the company will firmly grasp the main line of welcoming and studying and implementing the spirit of the 20th CPC National Congress, based on the two tracks of pumped storage and new energy storage, and make solid progress towards the goal of "building a new power system, the main force to maintain the safety and stability of the power grid, the leader of the pumped storage industry, and the leader of the new energy storage industry". The company has undergone a transformation and landed on the Shanghai Stock Exchange after completing a major asset reorganization, successfully creating the "first energy storage stock" in the domestic A-share market, laying a more solid foundation for the company to fully build a world-class enterprise with "excellent products, outstanding brands, leading innovation, and modern governance" as its main characteristics.

The report is themed "Southern Grid Energy Storage Dual Carbon Pioneer", and includes explanations of major changes, a speech from the chairman, company profile, corporate culture, major events in 2022, ESG management, key performance, etc. Among them, the "ESG Management" section of the report details the good social benefits released by Southern Grid Energy Storage Company in terms of improving ESG governance, serving national strategies, saving energy and resources, responding to climate change, employee health and safety, product quality management, product technology innovation, and sustainable supply chains from five perspectives: green development, technological innovation, business management, contributing to society, and fulfilling responsibilities, providing decision-making information with reference value for market ESG investment.