MSCI highly recognizes 37 Interactive Entertainment's achievements in ESG governance, and believes that the company has established a comprehensive sustainability governance system, and has excelled in human capital development, privacy and data security, responsible governance, responsible business practices, and carbon emissions.
Recently, Morgan Stanley Capital International ("MSCI"), an authoritative international indexing organization, announced the results of its latest ESG rating. MSCI highly recognizes 37 Interactive Entertainment's achievements in ESG governance, and believes that the company has established a comprehensive sustainability governance system, and has excelled in human capital development, privacy and data security, responsible governance, responsible business practices, and carbon emissions.
It is reported that since 2018, MSCI has conducted ESG ratings for the first batch of A-share listed companies included in its emerging market index, and 37 Interactive Entertainment received a "B" rating that year. After continuous optimization of ESG governance, 37 Interactive Entertainment has achieved a rapid leap in ESG rating, spanning four consecutive grades in five years and obtaining AA grade in August 2023, becoming the first enterprise in China's Internet industry and the first enterprise in the domestic media and entertainment industry to achieve such a rating.
37 Interactive Entertainment is a global TOP20 listed game company, the company's business covers games and quality education, while actively laying out the meta-universe, film and television, animation, music, pan-entertainment media, new consumption and other fields.
37 Interactive Entertainment has always insisted on promoting the high-quality development of the enterprise, integrating the concept of sustainable development into the Group's development strategy at an early stage, and committing itself to developing the company into a "century-old enterprise" that creates shared value for the society and provides assistance for people's better life.
In terms of corporate governance, under the leadership of the relevant committees of the Board of Directors, Sanqihou Entertainment's Sustainability Management Working Group will regularly sort out all relevant work, carry out liability risk assessment, and coordinate and push forward the implementation of various ESG work by various departments. The Company will enhance its governance performance on different topics with a more scientific, professional and systematic construction.
In terms of social development, the company attaches importance to the vitality that high-quality talents bring to the innovative development of the enterprise and focuses on the sharing of development results. The company continues to build a comprehensive training value system for employees and a system for academic upgrading, providing growth support for new employees from univ
In terms of zero-carbon transition, the company, as one of the earliest enterprises in the industry to propose 2025 carbon neutrality, has been leading the industry in responding to the national "dual-carbon target" and addressing the challenges of climate change. In June 2023, the company also released its first progress report on Task Force on Climate-related Financial Disclosure (TCFD), which comprehensively analyzes the company's risk opportunities in addressing climate change, and introduces the company's ambitious actions in the implementation of refined resource management, trading of green power certificates and forestry carbon sinks, as well as internal and external environmental protection advocacy.
The jump in ESG rating is a further affirmation by the international capital market of 37 Interactive Entertainment's sustainable development competitiveness. In the next phase, the company will continue to uphold the mission of "Bringing Happiness to the World", continue to optimize the construction of the ESG governance system by benchmarking against the global ESG governance best practices, and take more proactive and powerful actions to join hands with the relevant parties to promote the common prosperity of social development and economic value, so as to contribute to the common prosperity and enhance social well-being.
As of press time, it closed at CNY 24.68 apiece, with a market cap of CNY 547.37 billion.