CHINA INTERNATIONAL MARINE CONTAINERS (GROUP) CO., LTD. Meeting Both A+H ESG Disclosure Requirements

The Challenge

As the global market leader in the container manufacturing industry, CIMC decided on a reporting strategy that would communicate both a local as well as global approach to sustainability, encompassing its diverse business lines at the same time. The challenge was two-fold: Firstly, as a company listed on both the Hong Kong and Shenzhen stock exchanges, careful consideration was needed to ensure full compliance with both, whilst satisfying global standards at the same time to ensure international outreach. Secondly, given the number of its subsidiaries around the world, data collection for reporting was also a challenge that had to be addressed.

Our Approach

We conducted materiality assessments to understand which sustainability issues presented the greatest risks and opportunities, as well as how each business could contribute. This included identifying key areas for improvement (such as human rights policy), understanding key performance indicators, highlighting new metrics to track and disclose, and establishing realistic commitments. We also provided analysis of ESG disclosure policies and measures from leading global companies to CIMC’s CSR department for reference. To craft a report that ensured local relevance, we not only conducted a thorough analysis of disclosure requirements of both the Hong Kong and Shenzhen stock exchanges to ensure full compliance, but also supplemented them by integrating requirements of the 《中國工業企業及工業協會社會責任指南》. The GRI Standards were also implemented to ensure the efforts of CIMC were effectively communicated. Lastly, we provided an objective analysis of their company operations to aid the drafting of a new data collection and reporting mechanism that ensured data consistency, efficiency and comprehensiveness throughout its operations.

Outcome

With a unique report that combines four disclosure frameworks in one, the case of CIMC demonstrates the agility of Alaya in advising a company to effectively address ESG disclosure on both a local and international level. Not surprisingly, the CIMC report is frequently cited as a best practice benchmark by companies eager to adopt leading approaches. Moreover, in helping them standardize data collection practices throughout its entire organisation, we helped CIMC pave the way for more efficient and accurate ESG data management in future reporting efforts.

Case Study Details