CSCEC claims first place on Discover China’s 2020 Social Value 99 ranking

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On June 15, China Alliance of Social Value Investment released the “2020 Annual ‘Social Value 99’ A-share Listed Company Sustainable Development Value Rankings.” After topping the rankings for four consecutive years from 2015 to 2018, and taking a second spot in 2019, China State Construction Engineering Corporation (CSCEC) has returned to the top place this year, demonstrating the company’s ability in maintaining high economic, social, and environmental performances.

The “Social Value 99” is a ranking of China’s top 99 A-share listed companies based on their sustainable development contributions, which is created on the basis of quantified assessment of the comprehensive economic, social, and environmental performances of selected CSI 300 constituent companies using the Assessment Model for Sustainable Development Contributions for Listed Companies. As the stocks making up the Shanghai Shenzhen CSI 300 Index are updated twice a year in June and December respectively, the “Social Value 99” ranking is evaluated twice a year accordingly, and the annual ranking is published with the results of the June evaluation every year.

The top 10 this year included two companies from the industrial sector, two from finance, two from energy, one from materials, one from IT, and two from real estate. They are CSCEC, Sinopec, HIKVISION, China Shenhua, VANKE-A, Conch Cement, Ping An Insurance, China Merchants Bank, China Railway Construction Corporation (CRCC), and China Merchants Shekou. No company from consumer discretionary, medicine and health, consumer staples, utilities, or telecommunication services made it onto the top 10 list.

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