CITIC Limited is committed to pursuing sustainable development, integrating ESG (Environmental, Social, and Governance) principles into its corporate decision-making and strategic development. The company enhances corporate governance in accordance with the law, promotes compliant and stable operations, advances green and low-carbon initiatives, and contributes to the creation of vibrant communities. It actively fulfils corporate social responsibilities and safeguards the wellbeing of the communities. Furthermore, CITIC emphasises technological innovation and promotes high-quality development. It is committed to maximising the comprehensive value of the enterprise, while supporting the modernisation of China.
CITIC and Sina are co-hosting the 2024 ESG Global Leaders Conference
Governance chapter The company is dedicated to enhancing corporate governance in accordance with the law, recognising a robust governance system as the core driver of high-quality development. In the reporting year, the Strategic Committee of the Board has been officially renamed the Strategic and Sustainable Development Committee, tasked with coordinating and guiding the sustainable development initiatives and further strengthening the company’s ESG governance framework. The company upholds the principle of board diversity, promoting the internationalisation, diversification, and professional development of its members. It focuses on enhancing professional training for directors, safeguarding their rights to information and oversight, continually improving the effectiveness of their contributions. Efforts are underway to advance the integrity and compliance framework, with a focus on reinforcing audit supervision, risk management, and compliant operations, while intensifying anti-corruption measures. Additionally, the company is enhancing its intellectual property management.
Environmental chapter The company is focused on advancing the concept of green development by strengthening environmental governance and protection. It focuses on transforming its industries towards high-end, intelligent, and sustainable practises, continuously aiming to reduce energy consumption and carbon emissions while enhancing the green content and economic value of its operations. The company has set “dual carbon” goals and implementation plans, guiding its subsidiaries to increase investments in clean technologies and to bolster innovation and R&D in this field. It fosters the growth of green finance by developing a comprehensive service system that integrates green financing, green investment, green consulting, sustainable living, and carbon management. Green lending has increased annually, with leading market size in green equity financing services and green bond underwriting. Additionally, the company has completed the largest carbon asset repurchase transaction in the national carbon market and launched the world’s first blue exchangeable bond. The company actively identifies key climate risks and has integrated climate risk management into its overall risk management framework, enhancing its capacity to address global climate change effectively.
Social chapter CITIC actively fulfils corporate social responsibility by serving and giving back to society through tangible actions that enhance public well-being. It has invested in and attracted funds to designated assistance areas, cultivated distinctive industries, promoted ecological sustainability, and provided educational and medical support to actively contribute to rural revitalisation. The company develops a new model of risk mitigation that features the collaboration between finance and industry to support the initiative of “ensuring the completion and delivery of overdue housing projects, people’s basic living needs and stability”. The company offers inclusive financial services and establishes a comprehensive system supporting small and micro enterprises, rural revitalisation, consumer finance, wealth management, and convenient services. The company strengthens human resource management by providing a competitive salary and benefits structure, equitable promotion opportunities, and comprehensive training programs, while ensuring the protection of women’s rights. CITIC enhances service quality and protects customer interests, meanwhile increases shareholder returns and share the benefits of corporate growth with stakeholders. The company engages in community development, supports elderly care initiatives, actively assists disadvantaged groups, and enriches the cultural lives of the public.