Ninestar has welcomed the New Year with the news its global Environment, Social and Governance rank has been bumped up to a Triple B (BBB) rating.
Morgan Stanley Capital International (MSCI) revised Ninestar’s ranking in December 2023, pushing the company through B rating to triple-B rating. MSCI, which is headquartered in New York, is a global provider of various indices including ESG and climate ratings.
Under the resolute commitment and leadership of Remond Kong, President of Ninestar Corporation, its ESG performance has significantly improved in 2023. Kong implemented a comprehensive ESG management framework that extends throughout every level of the company’s operations.
Ninestar continues to operate a robust management system supervised by its ESG committee, coordinated by the Group ESG team, and executed by specific ESG working groups across its subsidiaries. The successful completion of two rounds of enhancement plans in 2023 further underscores this commitment.
"The substantial strides made in ESG management in 2023 marked a pivotal milestone for Ninestar," Kong emphasized. "We're striving for sustainable development and working towards a carbon-neutral target," he added.
The MSCI ESG evaluation provided Ninestar with valuable insights into the ESG practices of outstanding enterprises in the markets. This, in turn, has helped drive Ninestar to improve its ESG management and corporate governance. While dedicated to providing superior products and services, the company works to fulfil its social responsibilities and adhere to sustainable development.
ESG management proficiency measures a company's sustainability and social responsibility, and its ESG rating serves as a clear reflection of its commitment to these principles. Ninestar reinforces this dedication by enhancing transparency and ESG practices in its annual reporting. Following the release of its first ESG report in June 2022, the company is now actively preparing its third ESG report.
Ninestar expects to continue lifting the benchmark as a high-tech and
sustainable entity within the printing industry. "Our dedication lies in
continuously nurturing innovation across our products and services, enhancing
our competitive edge, engaging actively in sustainable practices, and
propelling ourselves towards greater levels of managerial sophistication,"
Kong concluded.
About Ninestar & G&G
Ninestar has been recognized as the leading firm in the third-party supplies industry for nearly two decades thanks to its commitment to innovation. Since 2000, Ninestar has invested extensively in its ability to quickly bring to market the industry’s technologically advanced products. Today, Ninestar’s G&G-branded products are recognized around the world for their superior performance and reliability.