HSI/HKQAA Ratings:  Hang Seng Indexes Company introduced its first sustainability or ESG index back in 2010. Starting from 2014, the Hong Kong Quality Assurance Agency (“HKQAA”), an independent and professional assessment body, has been appointed by Hang Seng Indexes Company to evaluate the ESG performance of approximately 500 Hong Kong-listed companies and over 1,400 A-shares companies using HKQAA’s proprietary sustainability assessment and rating framework. HKQAA’s ESG rating model is designed to rate a company’s management system maturity and risks with regard to sustainability performance. The assessment captures both general and industry-specific criteria covering seven core subjects.

*Disclaimer: The HSI/HKQAA Sustainability Ratings and Research referred to in this section (“HSI/HKQAA SRR”) is provided by Hang Seng Indexes Company Limited. Neither Hang Seng Indexes Company Limited nor any of its holding companies and subsidiaries nor Hong Kong Exchanges and Clearing Limited nor any of its subsidiaries provides any warranties of any kind in relation to such HSI/HKQAA SRR  (including, without limitation, that the HSI/HKQAA SRR is fit or suitable for any purpose, or that any person will obtain any particular results by using or relying on the HSI/HKQAA SRR) or accepts any responsibilities for its accuracy, completeness, timeliness and/or consistency, or for any loss or damage whatsoever and howsoever suffered or incurred by any person.  With the use of or the access to the HSI/HKQAA SRR any person receiving any HSI/HKQAA SRR from Hong Kong Exchanges and Clearing Limited or any of its subsidiaries irrevocably and unconditionally accepts and agrees to be bound by this disclaimer.

MSCI ESG Rating: An MSCI ESG Rating is designed to measure a company’s resilience to long-term, industry material environmental, social and governance (ESG) risks. We use a rules-based methodology to identify industry leaders and laggards according to their exposure to ESG risks and how well they manage those risks relative to peers. Our ESG Ratings range from leader (AAA, AA), average (A, BBB, BB) to laggard (B, CCC). For more details, click here.

*Disclaimer: Certain information @2023 MSCI ESG Research LLC. Reproduced by permission. Although HKEX, MSCI ESG Research LLC and their affiliates (the “ESG Parties”), obtain information (the “Information”) from sources they consider reliable, none of the ESG Parties warrants or guarantees the originality, accuracy and/or completeness, of any data herein and expressly disclaim all express or implied warranties, including those of merchantability and fitness for a particular purpose. The Information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for, or a component of, any financial instruments or products or indices.  Further, none of the Information can in and of itself be used to determine which securities to buy or sell or when to buy or sell them.  None of the ESG Parties shall have any liability for any errors or omissions in connection with any data herein, or any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

S&P ESG Rating: S&P Global ESG Scores are based on information collected in the S&P Global Corporate Sustainability Assessment (CSA), using a rules-based, industry specific approach built by investment practitioners to more precisely capture the ESG factors expected to have an impact on a company’s growth, profitability, capital efficiency and risk exposure. Scores are between 0 and 100 (best). Companies assessed using the CSA fall into two categories (i) Participating companies – companies that are assessed on information they submit to S&P Global as part of their active participation in the CSA and on publicly available information, (ii) Non-participating companies – companies that are assessed on publicly available information only and do not actively participate in the CSA. Click here to learn more.

*Disclaimer: Neither HKEX, S&P, their affiliates nor any of its suppliers shall have any liability for the accuracy or completeness of the information or software furnished through HKEX's Service, or for delays, interruptions or omissions therein nor for any lost profits, indirect, special or consequential damages; and the S&P Services are not investment advice and a reference to a particular investment or security, a credit rating or any observation concerning a security or investment provided in the S&P Services is not a recommendation to buy, sell or hold such investment or security or make any other investment decisions.  The displayed S&P ESG Ratings are also subject to the Terms of Use found here.