Recently, 2023 ESG Report of Beijing State-owned Assets Management Co., Ltd has been released. As the first ESG special report at the conglomerate level, this Report focuses on the Party building, serving the capital city, corporate governance, state-owned enterprise reform, social livelihood, low-carbon environmental protection, and shared future, comprehensively and systematically revealing the important contributions made by BSAM in fulfilling economic responsibilities, political responsibilities and social responsibilities. As a local state-owned enterprise embracing the new era, BSAM promises to spare no effort for the national strategy and the development of the capital city, follow ESG concept in practice, improve the ESG mechanism, improve the ESG performance, actively play the pacesetter role of ESG work pilot among municipal-level enterprises in Beijing, steer the development with investment, usher in bright future with responsibility, improve the core competitiveness, enhance the core functions, and unswervingly develop into a first-class Chinese state-owned capital investment company.
While constantly improving green management, BSAM is trying to blaze the path of green development, widely unite green development consensus, cultivate and expand new quality productive forces through green development, and help realize carbon peaking and carbon neutrality goals.
It is reported that while stepping up the guidance of green and low-carbon development strategy, BSAM makes clear “green” in “digitalization, green style, securitization and branding” development strategy, designs and formulates Carbon Peaking Action Plan, and puts forward the timetable, roadmap and responsibility statement for carbon peaking. BSAM builds a national-level green exchange with global vision, vigorously promotes the construction of a national center for the trading of voluntary greenhouse gas emission reduction, helps shape up green finance ecosystem, and greatly underpins Beijing to develop into a global green finance and sustainable finance center. BSAM vigorously promotes the construction of circular economy industry chain. Its subsidiary Dynagreen Environmental Protection Group Co., Ltd upholds “strengthening comprehensive solid waste treatment and achieving sophisticated waste incineration power generation” as the core, and commits to providing clients with efficient, intelligent, green comprehensive solutions. BSAM establishes green finance industry service system, vigorously develops green finance, gives full play to the investment and financing advantages, accelerates the construction of green finance industry service system for small, medium and micro-sized enterprises, and increases investment in low-carbon environmental protection industry. BSAM extensively unites green and environmental protection development consensus, takes green office practices internally, implements garbage classification, guides all employees to develop correct environmental protection awareness, carries out environmental protection publicity activities in many ways, and joins hands with more stakeholders to build a green, clean and beautiful earth home.
It is reported that while deepening the state-owned enterprise reform and making more efforts for science and technology innovation, BSAM plans for strategic corporate transformation, systematically carries out the mid-term evaluation of the “14th Five-Year Plan” at all levels in a scientific manner, builds “1244” Strategic Planning System of BSAM, and comprehensively prioritizes the development towards “digitalization, green style, securitization, and branding”. BSAM adjusts and optimizes the layout of business segments, pushes superior resources to flow into leading industries, makes the layout structure of main businesses more reasonable, and significantly enhances the core competitiveness. BSAM deepens the enterprise reform according to local conditions, builds new-type business responsibility system, implements the tenure system and contractual management of managers, improves the market-oriented personnel selection and employment mechanism, optimizes and adjusts the incentive and restraint mechanism, constantly promotes streamline and sound style, and vigorously backs up CapInfo Company Ltd and other enterprises to quicken the pace of reform and development. BSAM forges new strengths and new drivers of innovation and development, establishes and improves long-term mechanism for R&D investment, facilities deep integration of governments, industries, universities, research institutions and users, stimulates the vitality of science and technology innovation, and boosts the growth of new quality productive forces at a faster speed.
It is reported that while continuously improving corporate governance and quality and efficiency of management, BSAM adheres to the organic unity of strengthening the Party leadership and improving corporate governance, and effectively embeds the Party leadership into all aspects and whole process of corporate governance. BSAM keeps on improving the corporate governance structure system, and accelerates the establishment of modern corporate governance system characterized by independent performance of duties and responsibilities, operation in a coordinated manner and effective balancing.
Specifically, BSAM sets up professional, responsible and efficient board of directors, vigorously upgrades standardization, professionalism and effectiveness of the operation of board of directors, urges special committees to play their roles, and effectively improves performance capabilities of board of directors. BSAM maintains and ensures the autonomy of senior managers, constantly improves the mechanism for exercise of power and performance of duties by senior managers, and continuously stimulates endogenous power. Senior managers performs their duties under the leadership of the BSAM Party Committee and board of directors, and fulfil operation and management work with all-out efforts. BSAM constantly optimizes and improves its management mode, refines the three-tier management and control system of “enterprise fulfillment, segment synergy and group coordination”, and forms the group management and control mode featuring “clear functional positioning, reasonable assignment of job duties, professional and capable personnel, and efficient process operation”. BSAM continuously explores and builds ESG management system, closely integrates ESG concept with the corporate development strategy, gropes for the construction of ESG system and mechanism, strengthens stakeholder communication, and steps up responsible brand building.
