On July 19th, Sinosteel Luonai Materials Technology Corporation. released its first ESG report rating application to the "China Corporate Social Responsibility Report Rating Expert Committee". After evaluation, the "Sinosteel Luonai Materials Technology Corporation. 2023 Environmental, Social and Governance (ESG) Report" was rated as "four-and-a-half stars" and is a leading corporate ESG report.

This rating report was jointly reviewed by Zhang En, Professor of the Chinese Academy of Social Sciences and Dean of the Responsibility Cloud Evaluation Institute, and Lü Jianzhong, Director of the Global Reporting Initiative (GRI), Deputy Director of the Sustainable Development Committee of the Chinese Society for Management Science, Vice President of the Green and Low-Carbon Branch of the Shanghai Foreign Investment Association, and Deputy Director of the ESG Committee of the All-China Environment Federation.

The ESG report rating of enterprises is evaluated based on seven major indicators: process, substance, completeness, balance, comparability, readability, and accessibility. Finally, a comprehensive evaluation is conducted on the quality and management of ESG reports. The preparation and rating of ESG reports are receiving increasing attention from large domestic enterprises, and ESG report rating has the following functions:One is to promote credibility through evaluation, provide professional opinions on ESG information disclosure to enterprises, and enhance the level of ESG information disclosure of enterprises;The second is to promote management through evaluation, leveraging the role of reports in responding to compliance requirements, improving ESG performance, and communicating with stakeholders, and promoting reports as an important tool for improving ESG governance and practices;The third is to promote image through evaluation, giving third-party authoritative recognition to corporate ESG reports, helping companies establish a responsible brand image, and enhance corporate reputation.

Obtaining a four-and-a-half-star rating this time is not only a recognition of the achievements and effectiveness of Sinosteel Luonai in environmental protection, social responsibility fulfillment, and corporate governance in 2023, but also an incentive for Sinosteel Luonai to aim for higher goals in the future. In the next step, Sinosteel Luonai will further deepen the practice of ESG concepts, improve ESG governance, enhance ESG performance, create a green and sustainable corporate ecosystem, interpret corporate social responsibility with practical actions, and work together with all partners to create a more harmonious and beautiful tomorrow.