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Kingdee won the 2025 Hong Kong Green and Sustainable Contribution Award
On May 12, Kingdee International Software Group Co., Ltd. (hereinafter referred to as “Kingdee”, stock code0268.HK) was invited by the Hong Kong Quality Assurance Agency to attend the “Sustainable-related Financial Information Disclosure Pilot Scheme” Award Ceremony held during the International Forum on Sustainable Development Hong Kong 2025 at the Hong Kong Convention and Exhibition Centre. Kingdee was awarded the “Hong Kong Green and Sustainable Contribution Award 2025 – Gold Medal for Green and Sustainable Contribution“.
The Hong Kong Quality Assurance Agency (HKQAA) was established by the Hong Kong Government in 1989. Since then, HKQAA has played a leading role in promoting high-quality development of the business community and sustainable development of the society in line with government policies. To support the ESG ratings of the Hang Seng Sustainability Index by the Hong Kong Stock Exchange, HKQAA established the HKQAA Sustainability Rating and Research Platform (“HKQAA SRR”) in 2014 to provide sustainability ratings on environmental, social and corporate governance aspects to enterprises, investment institutions and the general public.
This honor not only highly recognizes Kingdee’s long – term commitment to the field of sustainable development, but also marks that its outstanding practices in financial information disclosure and climate risk management have been authoritatively affirmed.
Kingdee actively responds to the international net-zero transformation trend and the domestic strategic goals of “Carbon Peak and Carbon Neutrality”. We integrate the concept of sustainable development into our corporate strategic planning, business decision-making and daily operation management, and incorporate low-carbon transformation into the core agenda of corporate development. As the highest decision-making body for ESG governance, the Board of Directors comprehensively reviews and supervises the formulation and implementation of ESG and climate strategies, and relies on the Strategy and Sustainable Development Committee to regularly track and evalsuate the progress of relevant work. The Company has established a special working group on environment and climate change response to effectively promote the implementation of climate strategies and goals, plan and formulate a number of management and response measures, and further strengthen the disclosure practice of climate-related financial information.
In terms of ESG issue management, Kingdee conducts a double materiality assessment of issues, not only focusing on the impact of issue performance on the economy, society and environment (Impact Materiality), but also systematically assessing the impact of each issue on financial performance, cost of capital and long-term valuation in different periods (Financial Materiality).
In terms of risk management, Kingdee has established a full – life – cycle risk management process covering risk identification, assessment, response, monitoring and reporting, and integrated ESG risk management into the Group’s overall risk management system to continuously strengthen the level of risk control.
To systematically assess the potential impact of climate-related risks and opportunities on the Group’s business operations and financial performance under different scenarioses, the Company conducted scenario analysis on its main offices and data centers with reference to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and the Hong Kong Stock Exchange’s Climate Information Disclosure Guidelines. The low-emission scenario (SSP1-2.6) and high-emission scenario (SSP5-5.8) of the Shared Socioeconomic Pathway (SSP) were selected to assess the impact of climate physical risks, and the net-zero emission scenario (NZE) and the stated policies scenario (STEPS) in 2050 were selected to assess the impact of transition risks. Based on the scenario analysis and climate threat and risk assessment, the Company has defined its climate strategy and developed corresponding action plans, allocating financial, human, technological and management resources to enhance its climate resilience in all aspects.
On the road of addressing climate change and practicing the concept of green development, Kingdee has taken multi-dimensional actions to effectively reduce greenhouse gas emissions and contribute to sustainable development. Since 2016, Kingdee has carried out greenhouse gas emission inventory and accounting, and has disclosed its greenhouse gas emissions annually since 2017. In 2024, Kingdee referred to the GHG Protocol standard to inventory carbon emissions at the group operation level and Value Chain level, further improving the comprehensiveness and accuracy of carbon emission data. The company actively promoted a number of emission reduction measures and achieved remarkable results.
Kingdee is also actively helping customers with their low-carbon transformation through technological innovation and product services to seize new opportunities for sustainable development. The company has launched the “Kingdee Constellation Low-Carbon Supply Chain Solution” to assist customers with carbon management throughout the life cycle, and the “Kingdee Cloud EBC Full-Process Scrap Steel Management Solution” to help steel companies develop a circular economy and reduce carbon emissions. These initiatives not only demonstrate Kingdee’s commitment to addressing climate change, but also drive business innovation and value creation, further enhancing the company’s financial Sustainability.