On May 8th, HSBC and China Energy Conservation Haoxin released the "HSBC Greater Bay Area ESG Index" Q1 2024 update report, which showed that under the guidance of actively promoting the development of new quality productivity, emerging and future industries in the Greater Bay Area have flourished, and the overall performance of ESG (environmental, social, and corporate governance) has continued to improve. The average values of the ESG regional index and industry sub index in the Greater Bay Area increased by 6% and 20% year-on-year in the first quarter of this year, reaching 124.42 and 186.05, respectively.
The latest data shows that among the Greater Bay Area enterprises participating in the Carbon Disclosure Project (CDP) questionnaire evaluation in 2023, the number of enterprises achieving A or A-high ratings has doubled compared to the previous year.
Chen Qingyao, Vice President of HSBC China and General Manager of the Greater Bay Area Office, said, "As the innovation center of the country, the Greater Bay Area's emerging industries such as electric vehicles, new energy, and intelligent robots are continuously accelerating under continuous policy support. In the first two months of this year, the production of new energy vehicles in Guangzhou increased by 30% year-on-year, and the production of charging piles in Shenzhen increased by nearly 50% year-on-year. The development of new quality productivity driven by innovation is leading the Greater Bay Area steadily towards achieving the 'dual carbon' goal."