Core Insights - Tuhu Car Service (9690.HK) has achieved a "low risk" rating with a score of 17.3 in the ESG risk rating by Morningstar Sustainalytics, ranking 2,590 out of 14,643 companies globally, placing it in the top 19% [1][3] ESG Performance - Morningstar Sustainalytics is a leading independent ESG research and rating agency, assessing companies based on Environmental, Social, and Governance dimensions. The rating scale ranges from negligible risk (0-10) to severe risk (40 and above), with lower scores indicating better risk management [3] - Tuhu's "low risk" rating reflects strong recognition of its sustainable development strategy and ESG practices by an international authority, enhancing its attractiveness in the international capital market and laying a foundation for future financing and long-term value growth [3] Risk Management Mechanisms - The ESG risk rating report indicates that Tuhu operates in the "consumer services" sector, which typically faces high risks in product control, data security, and human capital [4] - Tuhu has established comprehensive management mechanisms in these areas, including strict product quality management through direct partnerships with brand manufacturers, a traceability system for product authenticity, and enhanced warranty services exceeding industry standards [4][5] Data Security and Talent Development - Tuhu places a high emphasis on data security and privacy protection, with a three-tier information security management structure and certifications such as ISO27001 [5] - The company actively cultivates technical talent through partnerships with educational institutions, having trained over 8,000 students and developed a workforce of 868 certified technicians in low-voltage electrical work, with over 4,000 trained in new energy vehicle maintenance [5] Governance and Risk Management - Tuhu is committed to enhancing its governance standards to align with international benchmarks, focusing on risk identification, assessment, and response capabilities [6] - With 140 million registered users and over 7,000 stores nationwide, Tuhu aims to optimize its ESG management mechanisms to achieve sustainable development [6]