JSC INK-Capital has become the first Russian company in its prime industry to achieve the highest level of Chinese ESG rating.

CCXGF has conducted a comprehensive performance analysis based on its rating methodologies across 17 key issues related to environmental, social, and governance aspects, noting the strengths and issuing advice as to further improvements.

According to the evaluation results, JSC INK-Capital scored 23% higher than the industry average for publicly listed companies in the oil and gas extraction sector that were previously assigned ESG ratings by CCXGF. JSC INK-Capital became the first Russian company to be ranked among the top three international companies with the highest rating in its prime industry. The rating agency notes the improvement in the quality of its strategic planning and sustainable development practices.

“INK Capital is the first Russian company to receive an ESG rating from CCXGF. The follow-up rating reflects the deepening of our long-term cooperation and highlights INK's continued efforts to advance its sustainability governance.”

“In our view, ESG is increasingly becoming a common language linking Chinese and international capital markets. INK's consistent and forward-looking approach provides a constructive example for cross-border engagement in sustainable development between China and Russia.” President of CCXGF, Dongyang Xue

CCXGF is a 100% subsidiary of China Chengxin Credit Rating International (CCXI), the oldest rating agency in China with the largest overall domestic market share. CCXGF specializes in assigning ESG ratings and verification of sustainability projects.

A Chinese rating agency China Chengxin Green Finance Technology (Beijing) Ltd. (CCXGF) has upgraded an ESG rating of JSC INK-Capital to A- level