ESG Management 
CITIC Limited is committed to pursuing sustainable development, and has integrated Environmental, Social and Governance principles as an integral part of its reform and development. It is dedicated to advancing the green and low-carbon transition, fulfilling corporate social responsibilities, enhancing its corporate governance structure, and ensuring compliant and stable operations. The company’s MSCI ESG rating was upgraded from BB to A and then to AA, marking a significant improvement in its ESG management and overall performance.
Environmental chapter
The company actively implements the national “dual carbon” strategy, formulating a low-carbon development strategy focused on “Two Increases and One Reduction” and establishing clear goals for “carbon peaking and carbon neutrality.” It has issued the “2024-2025 Action Plan for Energy Conservation and Carbon Reduction” and published the “White Paper on Actions to Achieve Carbon Peaking and Carbon Neutrality” for four consecutive years. These efforts aim to promote the green and low-carbon transition of its industrial operations and guide financial businesses in innovating green products and services. A “Panoramic Carbon Management Platform” has been established to achieve precise monitoring, scientific analysis, and dynamic management of carbon emissions. The company is deeply engaged in water treatment and water environment remediation, as well as solid waste disposal, processing 800 million tonnes of sewage annually. By advancing the digitalisation, systematisation, and intelligentisation of ESG efforts, the company has created CITIC Dicastal, CITIC Pacific Special Steel, Nanjing Steel and other industry benchmarks for digital low-carbon transition in the industrial sector, leading to a significant reduction in comprehensive energy consumption.
Social chapter
CITIC actively fulfils corporate social responsibility by serving and giving back to society through tangible actions. The company continuously improves the corporate democratic management system, with the staff and workers’ congress as its basic form, promotes gender equality in the workplace and facilitates the signing of special collective contracts for the protection of female employees’ rights and interests. New achievements have been made in pension finance and inclusive finance. In 2025, approximately RMB1 billion was invested and introduced into one district and three counties under its designated support, with RMB160 million allocated for consumption support, precisely implementing over 40 support projects. Overseas, the company has launched a series of public welfare projects benefiting local communities, including the CITIC Angola vocational school, Longping High-Tech agricultural assistance and Sino Iron community aid fund.
Governance chapter
The company is dedicated to enhancing corporate governance in accordance with law and has established the role of “Lead Independent Non-executive Director” to better leverage the supervisory function of independent directors. Great importance is attached to the protection of consumer rights and interests, with the consumer protection work of financial subsidiaries being elevated to the board level of the headquarters for review. The management requirements for dispatched directors have been enhanced in line with the principle of “control is essential for subsidiaries, exercising of rights is essential for equity participation.” The company has promulgated and implemented corporate governance assessment management measures. A comprehensive risk management organisational structure characterised by “Four Levels” and “Three Lines of Defence” has been established, along with a risk control process that ensures “comprehensive coverage with key focuses”, firmly guarding against systemic risks. Overseas compliance and internal control management have been strengthened, with joint inspection organised on overseas investment, financial and economic disciplines, and other related matters. Procurement management has been improved and a supplier code of conduct has been formulated to mitigate ethical and corruption risks in procurement. The company adheres to the principle of comprehensive audit coverage, intensifying audit efforts in key areas. Routine inspections on matters related to business ethics are conducted, ensuring audit coverage of all subsidiaries is completed every three years. The broader supervision system is continuously refined and the development of an integrated supervision platform is actively advanced.
Environmental chapter
The company actively implements the national “dual carbon” strategy, formulating a low-carbon development strategy focused on “Two Increases and One Reduction” and establishing clear goals for “carbon peaking and carbon neutrality.” It has issued the “2024-2025 Action Plan for Energy Conservation and Carbon Reduction” and published the “White Paper on Actions to Achieve Carbon Peaking and Carbon Neutrality” for four consecutive years. These efforts aim to promote the green and low-carbon transition of its industrial operations and guide financial businesses in innovating green products and services. A “Panoramic Carbon Management Platform” has been established to achieve precise monitoring, scientific analysis, and dynamic management of carbon emissions. The company is deeply engaged in water treatment and water environment remediation, as well as solid waste disposal, processing 800 million tonnes of sewage annually. By advancing the digitalisation, systematisation, and intelligentisation of ESG efforts, the company has created CITIC Dicastal, CITIC Pacific Special Steel, Nanjing Steel and other industry benchmarks for digital low-carbon transition in the industrial sector, leading to a significant reduction in comprehensive energy consumption.
Low-carbon industrial campus of CITIC Pacific Special Steel
Green factory of Nanjing Steel
Social chapter
CITIC actively fulfils corporate social responsibility by serving and giving back to society through tangible actions. The company continuously improves the corporate democratic management system, with the staff and workers’ congress as its basic form, promotes gender equality in the workplace and facilitates the signing of special collective contracts for the protection of female employees’ rights and interests. New achievements have been made in pension finance and inclusive finance. In 2025, approximately RMB1 billion was invested and introduced into one district and three counties under its designated support, with RMB160 million allocated for consumption support, precisely implementing over 40 support projects. Overseas, the company has launched a series of public welfare projects benefiting local communities, including the CITIC Angola vocational school, Longping High-Tech agricultural assistance and Sino Iron community aid fund.
Governance chapter
The company is dedicated to enhancing corporate governance in accordance with law and has established the role of “Lead Independent Non-executive Director” to better leverage the supervisory function of independent directors. Great importance is attached to the protection of consumer rights and interests, with the consumer protection work of financial subsidiaries being elevated to the board level of the headquarters for review. The management requirements for dispatched directors have been enhanced in line with the principle of “control is essential for subsidiaries, exercising of rights is essential for equity participation.” The company has promulgated and implemented corporate governance assessment management measures. A comprehensive risk management organisational structure characterised by “Four Levels” and “Three Lines of Defence” has been established, along with a risk control process that ensures “comprehensive coverage with key focuses”, firmly guarding against systemic risks. Overseas compliance and internal control management have been strengthened, with joint inspection organised on overseas investment, financial and economic disciplines, and other related matters. Procurement management has been improved and a supplier code of conduct has been formulated to mitigate ethical and corruption risks in procurement. The company adheres to the principle of comprehensive audit coverage, intensifying audit efforts in key areas. Routine inspections on matters related to business ethics are conducted, ensuring audit coverage of all subsidiaries is completed every three years. The broader supervision system is continuously refined and the development of an integrated supervision platform is actively advanced.