We are pleased to announce that China Merchants Securities International Company Limited (“CMSI” or “Company”, a wholly-owned subsidiary of China Merchants Securities Co., Ltd (Stock Code: 600999.SH/6099.HK)) and SGS Hong Kong Limited (“SGS”) signed a Memorandum of Understanding (MOU) on 8 May 2024. Through S-Carbon Comprehensive Digital Carbon Management Platform under SGS, CMSI will enhance its comprehensive carbon management strategies to support for the goal of carbon neutrality before 2050 of HKSAR Government, ride on its respective strengths to promote green finance and contribute to the whole society’s sustainable development.
S-Carbon is an enterprise-class and cloud-based digital platform that helps CMSI track, analyze and report carbon emissions levels in real-time, to implement the carbon reduction plan in a cost-effective way. S-Carbon provides CMSI with all-round carbon emission solutions, with professional consultancy and carbon management knowledge from SGS including calculating and disclosing the carbon emissions in the international standard scopes.
Mr. SHEN Yun, CEO of CMSI said, “We are delighted to be the first financial enterprise to introduce and apply the S-Carbon digital carbon management platform in Hong Kong. This partnership stands for the first step to achieve the company’s 'carbon emission reduction' target, providing a clear framework for the company’s carbon emission management and strategy, and demonstrating the accomplishment in carbon reduction to our customers and stakeholders in the future.
As a socially responsible financial institution, in addition to examining and managing the carbon emissions generated by daily operations, CMSI will also actively pay attention to greenhouse gas emissions of our investment and financing portfolio, formulate carbon reduction strategies and adjust business strategies in the long-term future, exerting influence through the practice in green finance and promote the net-zero transformation in the society.”
Mr Steven Du, Head of Asia Pacific of SGS, said, “It was a great honor to collaborate with CMSI to enhance sustainable development practices. S-Carbon is an effective tool for enterprises to manage carbon emissions and assist CMSI in achieving the long-term carbon emission reduction targets. It indicates that how digital solutions can help companies raise efficiency in carbon management and play a positive role in promoting sustainable development and accelerating green-transformation for the society. We believe CMSI will set a good example in sustainable development for other financial enterprises in Hong Kong."
CMSI's commitment to sustainable development is not limited to carbon management, the company has been continuously focusing on ESG (environmental, social and governance) practice, actively fulfilling social responsibilities in talent cultivation, employee caring, nature conservation, and poverty alleviation to advocate the corporate culture of sustainable development, and CMSI has been awarded with "Caring Company" for five consecutive years by the Hong Kong Council of Social Service.
Furthermore, CMSI look forward to working with more stakeholders such as financial enterprises and regulators, to facilitate the low-carbon transformation of society and optimize responsible investment, in order to contribute to the development of Hong Kong green financial ecosystem and reinforcing Hong Kong's leading position as an international sustainable financial center.
About SGS
We are SGS – the world’s leading testing, inspection and certification company. We are recognized as the global benchmark for sustainability, quality and integrity. Our 99,600 employees operate a network of 2,600 offices and laboratories around the world.