In November, CRRC’s 2025 Subsidiary ESG Management Training—hosted by the Operation, Safety, and Eco-Environmental Protection Department and organized by CRRC Asset Management Co., Ltd.—was successfully held in Jiaxing, Zhejiang. A total of 92 ESG leaders from first-tier subsidiaries, key second-tier subsidiaries, and listed companies attended the program, focusing on ESG policies, rating enhancement, international compliance, and digital governance.
Building Consensus and Strategic Alignment
Dai Zhiyong, Deputy Party Secretary and General Manager of CRRC Assets, delivered opening remarks, reaffirming the company’s role in supporting group-wide ESG governance.
Director Xiang Xin emphasized ESG as a core benchmark of world-class enterprises, urging subsidiaries to embed ESG across operations, shoulder “chain-leader” responsibilities, and work toward elevating CRRC’s MSCI ESG rating to A level.
Participants viewed the CRRC 2024 ESG Report and Social Responsibility Report videos, reinforcing shared understanding of CRRC’s governance and social-value achievements.
Systematic Learning — ESG Policy, Strategy, Ratings, and Compliance
Professor Zhu Qinghua from Shanghai Jiao Tong University interpreted domestic and international ESG regulatory trends.
Gong Yu, Division Chief of the Group’s ESG function, explained the CRRC ESG and Social Responsibility Management strategy system, clarifying subsidiary responsibilities and vertical alignment.
Chen Chunting, Deputy GM of CRRC Asset Management Co., and external experts presented key strategies for improving MSCI ESG ratings, disclosure requirements, and the MSCI ESG 5.0 model, along with collaboration mechanisms for subsidiaries.
SGS expert Yue Qingsong analyzed key regulations such as ESRS, CSRD, CSDDD and their implications for CRRC’s overseas business.
Han Liting from CRRC Asset Management outlined ESG requirements for CRRC’s industrial and supply-chain management.
Deepening Practice - Tools, Exercises, and Planning
Hands-on training featured on-site demonstration and operation of CRRC’s ESG digital system, including full-process data reporting, completion of the double-materiality assessment questionnaire, and a briefing on Scope 3 carbon-emissions management for supply-chain decarbonization.
Planning and coordination sessions included group discussions on the draft “15th Five-Year ESG Plan.” Ye Kunxiao, Director of the Intangible Assets and ESG Management Department of CRRC Asset Management, provided introductory guidance; each group presented recommendations.
Li Jian from Qingdao CRRC Sifang Rolling Stock Research Institute shared subsidiary ESG practices.
A cross-department survey collected information on subsidiaries’ ESG governance structures for follow-up work.
This training, with its structured curriculum and practical focus, has strengthened the ESG competencies of subsidiaries. CRRC Asset Management will continue working with subsidiaries to apply the training outcomes to enhance ESG governance and support CRRC’s development as a world-class ESG benchmark enterprise.
