SHENHUO COAL&POWER Wind ESG rating remains at B, with a comprehensive score of 4.68

According to Tongbi Finance, on May 29, 2026, Henan Shenhuo Coal Power Co., Ltd. (stock abbreviation: Shenhuo Co., Ltd., code: 000933.SZ) received a Wind ESG rating of B, unchanged from the previous period. The company's comprehensive score is 4.68, lower than the average score of 6.11 in the metals and mining industry. Among 191 companies in the metals and mining industry, it ranks 160th, placing it in the bottom 17% of the industry. The scores for environmental, social, and governance dimensions are 1.71, 1.91, and 5.73, respectively.

Compared to the previous rating, the comprehensive score decreased from 4.93 to 4.68, a drop of 0.25 points. The contribution from management practices remained at 1.97, the same as the previous period. The contribution from controversy events decreased from 2.96 to 2.72, a decline of 0.24 points. By dimension, the environmental score increased by 0.20 points, the social score decreased by 0.95 points, and the governance score increased by 0.69 points.

Rating Observation

In the environmental dimension, the company disclosed relatively comprehensive performance data and practical measures regarding waste, wastewater, and air pollution management. In waste management, the annual output of non-hazardous waste reached 4.4 million tons, generating 10,672.18 tons of non-hazardous waste per 100 million in revenue. The optimization of the desulfurization system reduced the use of desulfurizing agents by 4,300 tons and solid waste output by 7,700 tons. In wastewater management, 100% of domestic sewage was reused in the electrolytic aluminum desulfurization system, with new water usage reduced by 321,600 cubic meters year-on-year. In air pollution control, through the sealing transformation of the calcination section and upgrades to VOCs collection devices, the cumulative reduction of particulate matter was 4.2 tons and VOCs was 18.6 tons, with non-methane total hydrocarbon emissions at 0 tons. Although the company has achieved certain results in resource recycling and pollutant reduction, there is still room for improvement in the disclosure of management systems, certifications, and target planning information in the areas of waste, wastewater, and air pollution management.

In the social dimension, the company demonstrated relatively comprehensive management and practical signals in occupational health and safety production. Throughout the year, 2,300 safety training sessions were organized, covering 140,000 participants, with an investment of 36.621 million yuan in safety production, accounting for 0.89% of operating revenue. Additionally, the company released the "2025 Key Points for Coal Mine Safety Production Work," clarifying responsibilities and strengthening the implementation of safety responsibilities. In terms of employee care, the company provided assistance to 653 employees in difficulty throughout the year, distributing 1.4375 million yuan in relief funds, and reimbursed over 200,000 yuan in medical expenses through mutual medical assistance. However, performance data in occupational health and safety production, such as the incidence of occupational diseases and injury rates, have not been disclosed, limiting a comprehensive assessment of actual effectiveness.

In the governance dimension, the company performed relatively well in board independence and checks and balances mechanisms. The proportion of independent directors on the board reached 55.56%, with no independent directors serving terms exceeding 6 years or 9 years, indicating a certain level of independence and rotation mechanism. The CEO does not concurrently serve as the chairman, and independent directors account for 100% of the compensation committee, which held 2 meetings, reflecting decentralization and governance norms. The attendance rate of board members reached 100%, with no directors having an attendance rate below 75%, demonstrating a high level of meeting participation However, the disclosure of the ESG governance structure and related implementation measures is still insufficient. The lack of key information such as committee rules and the linkage of executive compensation to ESG performance may affect a comprehensive assessment of the depth of the company's ESG governance.

Content generated by AI on May 29, 2026, please verify important information