The "2023 Bloomberg Green Finance ESG 50 List," jointly initiated by Bloomberg Green Finance and globally renowned accounting firm Deloitte, has been officially announced. SY Holdings Group Limited ("SY," stock code: 6069.HK) stood out among hundreds of shortlisted enterprises for its outstanding achievements in inclusive finance and was recognized as a "Company of the Year."
Bloomberg is a globally renowned financial information company with international authority in economic commentary. Its brand "Bloomberg Green Finance" leverages Bloomberg's transparent ESG data and ratings, combined with corporate ESG disclosures and evaluations from domestic and international expert panels, to identify listed companies with the best ESG practices across industries. The initiative aims to showcase the exceptional contributions of ESG pioneers and encourage investors to recognize the ESG value of outstanding listed companies.
At the Bloomberg Green Finance ESG 50 Influence Forum, themed "Exploration and Practice: Comprehensively Elevating ESG Impact," leaders and senior executives from globally renowned companies gathered to discuss innovative ESG initiatives. SY's Company Secretary, Wang Zheng, remarked, "In recent years, ESG discussions have primarily focused on the 'Environmental' aspect. However, recent policy documents, particularly the 'Central Financial Work Conference' and the '25 Specific Measures to Support the Private Economy' issued by the central bank and seven other departments, explicitly cover all dimensions of ESG, including green finance and inclusive finance. These policies reflect distinct Chinese characteristics and national conditions."
Speaking about inclusive finance, Wang Zheng noted, "Traditional financial institutions still emphasize entity credit assessments when supporting SMEs. While personal credit profiles based on daily behavioural data are well-developed, corporate credit assessments leveraging transaction data remain insufficient. As a result, traditional financial institutions struggle to quickly, accurately, and cost-effectively evaluate SMEs with 'thin credit files' or meet their urgent, short-term financing needs. SY adopts a 'transaction-focused over entity-focused' risk control and business model, actively embedding itself in industrial and supply chains to bridge the gap between industry and finance. For example, a Qingdao-based construction materials supplier faced cash flow issues due to delayed payments from project owners and was further constrained by traditional financing channels, which negatively impacted its credit report. By integrating with the procurement systems of core enterprises in construction and validating the supplier's transaction authenticity through multiple dimensions, SY provided tailored supply chain financing, resolving its working capital challenges."
As a leading supply chain technology platform, SY actively supports the United Nations Sustainable Development Goals (SDGs), focusing on six key areas: "Technology-Enabled Inclusive Finance," "Building a Low-Carbon Ecosystem," "Upholding Business Ethics," "Responsibly Repaying Stakeholder Trust," "Growing Together with Employees," and "Delivering Social Value." With its deep understanding and practice of ESG, SY has achieved an "A" rating in MSCI's ESG assessment, the highest among domestic financial institutions and a leading position globally.
In "Technology-Enabled Inclusive Finance," SY leverages years of supply chain expertise to deeply integrate with industrial scenarios of multiple core enterprises. Through its dual-platform strategy of "Industrial Internet" and "Digital Finance," SY connects digital ecosystems at the industrial end. By focusing on transaction authenticity and integrating supply chain systems, SY continuously extracts value from industrial data, helping SMEs establish digital credit profiles and transaction portraits, thereby reducing reliance on core enterprise guarantees. As of June 30, 2023, SY's platform has processed cumulative supply chain assets of approximately RMB 177 billion, serving 13,655 clients, over 98% of which are SMEs. Factoring business with positive impact accounts for over 92% of total volume. The platform collaborates with more than 120 funding partners, making SY a preferred partner for financial institutions in inclusive finance.
In inclusive finance innovation, SY released its "Social Responsibility Financing Framework" and "Sustainability-Linked Financing Framework" in 2022. These were reviewed by Morningstar Sustainalytics, a globally recognized ESG rating agency, and China-based Sinolink ESG, laying the foundation for SY and its subsidiaries to conduct social responsibility and sustainability-linked financing. In the same year, SY's fully -owned subsidiary, SY Factoring, successfully arranged China's first "Dual-ESG Framework" syndicated loan. By June 2023, the RMB 530 million raised through this facility had been fully utilized, primarily to expand financing opportunities for SMEs and integrate them into supply chains, support SMEs affected by natural or health disasters and improve digital infrastructure and utilities—all projects with significant social responsibility benefits.
Looking ahead, SY will continue strengthening its technology platform, enhancing its ability to connect high-quality assets with inclusive funding, and advancing factoring solutions to address SMEs' financing challenges. By doing so, SY aims to create greater social and economic value.
