Results in for Hang Seng corporate sustainability index review
Hang Seng Indexes-RepuTex published the results of the third annual Hang Seng Corporate Sustainability Index Series review on Tuesday (August 14), revealing a slight improvement in the behaviours of constituents in regard to environmental, social and governance (ESG) issues across China and Hong Kong.
The overall ESG performance of all companies increased from BB (unstable) in 2011 to BB+ (unstable) in 2012. The results also showed that Hong Kong companies performed better than their mainland Chinese counterparts, with a BBB- (moderate) rating over China’s BB (unstable).
While the top ten performers in the overall universe remained unchanged, the rankings of individual firms saw some significant shifts. HSBC Holdings Plc dropped from first to fourth place, while MTR Corporation Ltd took the top spot.
Three companies – China State Construction International Holdings Ltd, China Overseas Land & Investment Ltd, and Great Eagle Holdings Ltd – entered Hong Kong’s top 20 for the first time. Meanwhile, four companies – ZTE Corp, China Railway Group Ltd, China Merchants Bank Co Ltd, and China Southern Airlines Co Ltd – demonstrated marked improvements, entering the China top ten.