Core Viewpoint - The increasing focus on ESG (Environmental, Social, and Governance) has positioned it as a key indicator of long-term corporate value in capital markets, with Tianlun Gas recognized for its outstanding ESG performance [1][2]. Group 1: ESG Implementation - Tianlun Gas integrates ESG principles into its core business, aligning with national "dual carbon" goals and rural revitalization strategies, aiming to become a leading green and low-carbon energy supplier in China [3]. - By the end of 2024, Tianlun Gas operates in 70 cities, serving over 5.8 million households and 52,000 businesses, with a total pipeline length of 9,507 kilometers and 51 gas stations [3]. - In 2024, Tianlun Gas reduced its total greenhouse gas emissions to 32,300 tons of CO2 equivalent, a decrease of 6.74% from the previous year, with emissions intensity down 7.35% to 4.16 tons per million revenue [3]. Group 2: Social Responsibility - The company emphasizes a people-centric approach, creating a win-win ecosystem for employees, customers, and communities, with 2,540 training sessions conducted in 2024, reaching 217,200 participants [4]. - Customer service has been enhanced through digital upgrades, achieving a 90% satisfaction rate in complaint handling in 2024 [4]. - Tianlun Gas has invested over 160 million yuan in public welfare initiatives, reflecting its commitment to corporate citizenship [4]. Group 3: Financial Performance and Market Position - Companies with strong ESG performance often achieve better financial outcomes, as seen with Tianlun Gas maintaining stable dividends and a high dividend yield of 6%, surpassing the industry average of 5% [6][7]. - Despite market pressures, Tianlun Gas has secured a $125 million green loan from the Asian Development Bank at an interest rate of approximately 3.8%, aiding in reducing overall financing costs [6]. - The company's current price-to-book ratio is 0.5, indicating a valuation at the lower end of its historical range, presenting a potential opportunity for long-term investors [7][8]. Group 4: Conclusion - As green and low-carbon practices become essential for survival, ESG is increasingly viewed as a source of internal growth for companies like Tianlun Gas, which aligns its strategies with national priorities [9].
天伦燃气（01600）获ESG两项荣誉，绿色发展践行者的可持续发展之道