【Corporate News】CECEPEC held ERA data launch ceremony at Euronext in Paris
On November 14 2019, local time in France, China Energy Conservation and Environmental Protection Environmental Consulting Group Co., Ltd. (hereinafter referred to as ‘CECEPEC’) and the leading pan-European exchange Euronext (hereinafter referred to as ‘Euronext’) formally signed a cooperation agreement on environmental risk assessment (ERA) data in Paris. This is the first ESG thematic data product independently developed by CECEPEC focusing on environmental risk assessment launched globally. It provides a new analysis perspective for global institutional investors to invest in China's A-share listed companies.
The ring the bell ceremony (at 9:00 a.m. local time in Paris) indicates the official launch of ERA data.
CECEPEC held ERA data launch ceremony at Euronext in Paris
First of all, Mr. Nicolas Rivard, Head of Advanced Data Services at Euronext, delivered a welcome speech. Mr. Nicolas Rivard congratulated CECEPEC on the launch of ERA data products in partnership with Euronext. This new dataset will address the increased needs of European investors by providing more quality insights for the Chinese financial market.
Mr. Guoguang XIE, Chief Accountant of CECEP, delivered a speech at the ceremony.：
He pointed out that China is vigorously developing a green and low-carbon economy, paying more attention to the quality and efficiency of economic growth, and developing a green economy has become an inevitable internal requirement for China to change its own development mode. CECEP, as the most influential energy conservation and environmental protection industry group in China, has always been committed to the development of the green economy. This cooperation in the field of environmental data has jointly opened up new opportunities for the sustainable development of China and the EU, which is of great practical significance. CECEP is willing to carry out extensive cooperation with Euronext, deeply explore the development potential brought by green finance, and jointly contribute to the future development of China and Europe.
Mr. Kevin YANG, the Managing Director and General Manager of CECEPEC and Mr. Nicolas Rivard signed the cooperation agreement of ERA representing each side.
Mr. Guoguang XIE accepted the interview and told the Paris branch of Xinhua News Agency and China news Agency：
The Chinese stock market is on track as best performing in 2019 in dollar terms. More and more China A-share listed companies will be included in liquid emerging market indices, which indicates that global investors are getting more interest in China A-share. CECEP is the main participant in the formulation of China's green financial policy and the leading enterprise in the field of investment integration and consultation of China's ESG. Era data products, independently developed and launched by CECEP, provide an effective data analysis basis for global investment institutions to invest in China's capital market by evaluating Chinese Listed Enterprises with objective and quantitative environmental risk assessment methods.
Ms. Joy SONG, Co-chair of ESG disclosure and integration working group of Hong Kong Green Finance Association and deputy general manager of CECEPEC, accepted an interview with Euronext：
Regarding the European investors’ interest in the standards for environmental disclosure of Chinese listed companies and the data quality problems of company disclosure at present, she said, ‘listed companies in mainland China and Hong Kong are facing increasingly strict requirements for environmental disclosure, and the disclosure standards are gradually improving and refining. In terms of the collection and management of ESG data, including environmental quantitative indicators, China's listed companies still need time to improve. At this stage, the launch of ERA data can effectively help investors evaluate environmental risks.
Background of cooperation
ERA data is based on the ERA model independently developed by CECEP (Hong Kong) Investment Co., Ltd., which is first applied to the environmental risk assessment of China's A-share listed companies, taking into account the impact of operating costs caused by environmental factors, the sensitivity of the industry to external environmental factors, and the ability of the companies to manage environmental risks. At present, ERA database covers nearly 600 listed companies with large market value and high liquidity in China's A-share market, including most of the mainstream index stocks, and covers all the CSI 300 index constituents since 2015. ERA model and data build a set of quantitative environmental risk assessment system, with stable and credible raw data source. The multi-level data give a high degree of flexibility, which can be widely used in stock screening, index enhancement and financial product development.
About CECEP
CECEP is the most influential energy conservation and environmental protection industry group in China. With the development in recent years, CECEP has gradually built a ‘4 + 1’ business pattern with energy conservation, environmental protection, health and clean energy as the main business sector and comprehensive energy conservation and environmental protection services as the strong support. At present, it has developed into China's strongest and largest industrial group and industry recognized flagship enterprise in the field of energy conservation and environmental protection, with strong appeal, driving force and influence in the field of energy conservation and environmental protection.
About Euronext
Euronext is the leading pan-European exchange, covering Belgium, France, Ireland, The Netherlands, Norway, Portugal and the UK. With close to 1,500 listed issuers worth €4.3 trillion in market capitalisation as of end September 2019, Euronext has an unmatched blue chip franchise that includes 26 issuers in the Morningstar® Eurozone 50 Index℠ and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, Euronext also operates Euronext GrowthTM and Euronext AccessTM, simplifying access to listing for SMEs. The Norwegian stock exchange and its clearing & settlement subsidiary, together operating as Oslo Børs VPS, joined Euronext on 17 June 2019.
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