--- title: "NHD has continuously received a Wind ESG A rating, with a comprehensive score of 7.28" type: "News" locale: "en" url: "https://longbridge.com/en/news/288149173.md" description: "NHD's Wind ESG rating remains at Grade A, with a comprehensive score of 7.28, ranking in the top 15.58% of the food industry. Although the score decreased by 0.42 points compared to the previous period, mainly due to a significant decline in the environmental dimension, it performed outstandingly in its \"zero-carbon dairy\" strategy and the use of clean energy. The scores for the social and governance dimensions are 7.22 and 7.53, respectively, indicating strong execution in quality management and supply chain" datetime: "2026-05-30T15:02:09.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288149173.md) - [en](https://longbridge.com/en/news/288149173.md) - [zh-HK](https://longbridge.com/zh-HK/news/288149173.md) --- # NHD has continuously received a Wind ESG A rating, with a comprehensive score of 7.28 According to Tongbi Finance, on May 29, 2026, New Hope Dairy Co., Ltd. (stock abbreviation: NHD, code: 002946.SZ) received a Wind ESG rating of A, unchanged from the previous period. The company's overall score is 7.28, higher than the food industry average of 5.71. It ranks 36th among 231 companies in the food industry, placing it in the top 15.58% of the industry. The scores for the environmental, social, and governance dimensions are 2.83, 7.22, and 7.53, respectively. Compared to the previous rating, the overall score decreased from 7.70 to 7.28, a decline of 0.42 points. The contribution from management practices dropped from 4.75 to 4.28, a decrease of 0.47 points. The contribution from controversy events remained stable at 2.99. By dimension, the environmental score decreased by 1.94 points, the social score decreased by 0.23 points, and the governance score decreased by 0.15 points. ## Rating Observation In the environmental dimension, the company has established a relatively complete disclosure chain around climate change and energy management, covering target setting, action planning, and certification systems. The company has identified climate change as a core strategy for sustainable development, releasing a "Zero Carbon Dairy" action plan with the goal of peak carbon emissions by 2030 and carbon neutrality in the supply chain by 2050. It has also developed the "Greenhouse Gas Emission Accounting Guidelines (Trial)" to standardize data management. During the reporting period, the company's total greenhouse gas emissions amounted to 576,853.70 tons of CO2 equivalent, with Scope 1 direct emissions accounting for approximately 75%. In terms of energy management, three factories have obtained ISO 50001 certification, and renewable energy consumption reached 8,185.48 tons of standard coal, accounting for 12.75% of total energy consumption. Additionally, the company promotes the use of clean energy and reduces reliance on fossil fuels through technologies such as photovoltaic power generation, air source heat pumps, and biogas recovery. However, the management system and target disclosures regarding water resources and raw materials still need improvement, and there is a lack of information on Scope 3 emissions and carbon neutrality certification in the climate change topic. In the social dimension, the company has demonstrated strong organizational capability and execution in product quality and supply chain management. The company has fully passed quality management system certifications such as ISO 9001, HACCP, and ISO 22000, and has established a "3+3 Risk Control System" covering food safety, achieving a 100% product qualification rate and a 100% customer complaint handling rate. Through a digital self-inspection center and flying inspection center, the company has further enhanced its intelligent risk assessment capabilities for food safety. In supply chain management, 92.98% of suppliers have obtained sustainability certification, and 93% of suppliers have passed quality management system certification. The company has also implemented a full-cycle management system covering access, cooperation, and exit, incorporating ESG risk exposure assessments in annual reviews. Although the certification coverage rate in occupational health and safety production has reached 71%, the lack of data on injury rates per million hours worked and work-related fatalities may impose certain constraints on overall performance In terms of governance, the company has demonstrated strong structural governance capabilities, particularly in board independence and ESG governance mechanisms. The proportion of independent directors on the board is 40%, and no independent director has served for more than 6 years. The CEO does not concurrently serve as the chairman, reflecting a high level of governance checks and balances. The company has established a three-tier ESG governance structure, linking ESG performance to executive compensation to promote the achievement of sustainable development goals. The proportion of female directors is 40%, but the proportion of female executives is only 20%, indicating room for improvement in diversity at the executive level. Additionally, the proportion of independent directors on the audit committee is 75%, with the chair being an independent non-executive director, further strengthening the independence of the audit function. Some disclosures of ESG governance details are still incomplete, including the working rules of the ESG committee and the verification of ESG reports, which may limit the comprehensiveness of the governance dimension. 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