Concord New Energy Named in S&P Global Sustainability Yearbook 2026 for the First Time, Singapore’s Sole Electric Utilities Company

Concord New Energy Group (“Concord New Energy” or “Group”) (0182.HK, SEG.SG) has been included in The Sustainability Yearbook 2026 by the international authoritative rating agency S&P Global for the first time, marking a breakthrough in its sustainable development.

Authoritative Ranking, Global Recognition

First published in 2005, the S&P Global Sustainability Yearbook 2026 is one of the most credible and influential rankings in global sustainable development. Featuring stringent selection criteria and fierce competition, the yearbook selected only 9.2% of outstanding enterprises from 9,200 participating companies.

In the Electric Utilities sector, merely 26 companies worldwide made the list, including only three from Asia: B.Grimm Power Public Company Limited (Thailand), Korea Electric Power Corporation (Republic of Korea), and Concord New Energy Group (Singapore). Focused exclusively on clean energy with strong sustainable credentials, the Group is the sole Singapore-based company selected in the Electric Utilities sector.

Closed-loop Management Drives Sustainable High-Quality Development

This recognition results from the Group’s effective “goal setting — system establishment — implementation — information disclosure” closed-loop management mechanism in ESG. By integrating ESG principles deeply into all operational processes, the Group has substantially improved its sustainable development performance across four key areas:

1. Precise Quantified Target Management

Established a quantified sustainable development target system, committing to cut operational carbon emissions by 30% by 2035 against the 2024 baseline. This clear strategic direction guides corporate carbon management and underscores its determination to address climate change.

2. Continuous Improvement of Institutional Framework

Revised and issued 10 ESG-related policies, including the Ecological and Environmental Protection Policy and Climate Change Policy, refining its ESG governance structure. International standards and industry best practices have been embedded into internal management to solidify compliance and operational benchmarks.

3. Solid and Effective Implementation

Integrated ESG practices into daily management with clear accountability for each process. The Group also conducts ESG training and promotion for employees to enhance awareness and capabilities, ensuring ESG strategies translate into tangible results.

4. Transparent and Standardized Information Disclosure

Proactively aligning with major international disclosure standards, the Group optimizes ESG reporting, refines data granularity for governance, environmental and social performance indicators, and strengthens communication credibility with stakeholders, boosting global recognition of disclosures.

Inclusion in the S&P Global Sustainability Yearbook 2026 represents high international recognition of the Group’s ESG practices and a key milestone in its journey to become a world-class sustainable enterprise.

Moving Forward

Going forward, the Group will further advance ESG governance and green initiatives, deepen its presence in clean energy, and contribute long-term green value to global energy transition and sustainable development.