Under the global trend of carbon peaking and carbon neutrality, the ESG (Environmental, Social, and Governance) investment philosophy has rapidly emerged as a critical tool for identifying opportunities and mitigating risks in capital markets. Building on decades of credit rating expertise, CCX Green Finance has developed ESG rating models aligned with domestic policy trends, information disclosure practices, and industry characteristics. Through diversified ESG service platforms, we provide professional ESG rating data services, including ESG grades and key issue performance data for both listed companies and non-listed bond-issuing enterprises, aiming to empower investors in making sustainable investment decisions.

  The CCX Green Finance ESG rating methodology is formulated in compliance with regulations such as the Social Responsibility Guidelines for Listed Companies (Shenzhen Stock Exchange), Environmental Information Disclosure Guidelines for Listed Companies (Shanghai Stock Exchange), Corporate Governance Code for Listed Companies (China Securities Regulatory Commission), Environmental, Social, and Governance Reporting Guide (Hong Kong Stock Exchange), GRI Sustainability Reporting Standards (Fourth Edition, Global Reporting Initiative), ISO 26000:2010 Guidance on Social Responsibility (International Organization for Standardization), Task Force on Climate-related Financial Disclosures (TCFD) Recommendations, and Sustainability Accounting Standards Board (SASB) Standards. This ensures the provision of professional ESG rating data services.

  Based on rating principles and considering domestic ESG disclosure practices and industry trends, the CCX Green Finance ESG rating methodology establishes 57 industry-specific models, extracting 21 primary indicators, over 55 secondary indicators, and more than 180 tertiary indicators across Shenwan industry classifications. To address the current low quality of ESG disclosures by Chinese enterprises, an ESG risk factor is incorporated into the rating framework as a supplementary measure. This enhancement fills disclosure gaps, enables comprehensive evaluation of corporate ESG performance, and improves rating accuracy. The ESG risk factor also serves as a real-time metric to track current performance and potential future risks. The detailed ESG rating data framework is structured as follows:

• Environmental Dimension: Primary indicators include Environmental Management, Resource Management, Emissions Management, Sustainable Development, and Environmental Controversy Management. These are further divided into quantitative metrics (e.g., carbon emissions, energy consumption, water usage, pollutants) and qualitative metrics (e.g., environmental protection measures, training programs) to analyze corporate environmental performance, opportunities, and pressures.
• Social Dimension: Designed from stakeholder perspectives (clients, employees, communities, suppliers, shareholders), this dimension highlights critical issues through primary indicators such as Safety Management, Product Responsibility, Customer Responsibility, Employee Responsibility, Social Contribution, Investor Responsibility, Supplier Management, Subcontractor Management, and Social Controversy Management.
• Governance Dimension: As a cornerstone of modern corporate management, governance significantly impacts operational performance. This dimension evaluates governance quality through Internal Control Management, Development Strategy, Operational Conduct, Executive Behavior, Information Disclosure, Governance Structure and Operations, and Governance Controversy Management.

  Interpretation of ESG Ratings:

• AAA: Exceptional ESG performance with minimal ESG risks.
• AA: High ESG performance with low ESG risks.
• A: Above-average ESG performance with moderately low ESG risks.
• BBB: Moderate ESG performance with average ESG risks.
• BB: Below-average ESG performance with elevated ESG risks and higher likelihood of sustainability-related adverse events.
• B: Low ESG performance with significant ESG risks and high likelihood of sustainability-related adverse events.
• C: Very low ESG performance with extreme ESG risks and very high likelihood of sustainability-related adverse events.

  Note: "+" or "-" modifiers may be appended to AA, A, and BBB ratings to indicate marginal deviations within the grade.

  The CnOpenData team has established a strategic partnership with CCX Green Finance to index and integrate ESG rating data into its third-party source data repository, facilitating streamlined access for academic research.

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Time Coverage

As of the 2021 reporting period

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Field Display

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Sample Data

CCX Green Finance ESG Rating Table

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Update Frequency

Daily updates