Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest announcement is out from SINOPEC Engineering (Group) Co., Ltd. Class H ( (HK:2386) ).
Sinopec Engineering (Group) Co., Ltd., a major engineering and construction provider to the energy and petrochemical sectors, focuses on delivering large-scale project design, procurement and implementation services across domestic and international markets. The company’s board has formally established detailed terms of reference for its ESG Committee, defining its composition, appointment process, and working mechanism, with at least three directors and a designated chairperson and possible vice chairperson. The ESG Committee is mandated to advise the board on significant environmental, social and governance decisions, oversee ESG strategy, implementation and progress, and supervise key areas including climate change response, occupational health and safety, labour rights, and clean and green development. It will also review the company’s annual ESG report and may engage professional advisers at the company’s expense, with senior management required to cooperate and provide information. The move institutionalises ESG governance at board level and signals a stronger, more structured focus on sustainability and stakeholder-related risks within the company’s corporate governance framework.
The most recent analyst rating on (HK:2386) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on SINOPEC Engineering (Group) Co., Ltd. Class H stock, see the HK:2386 Stock Forecast page.
More about SINOPEC Engineering (Group) Co., Ltd. Class H
Sinopec Engineering (Group) Co., Ltd. is an engineering and construction company serving the energy and petrochemical industries, providing engineering, procurement, construction and related technical services to support large-scale industrial and infrastructure projects in China and overseas.
Average Trading Volume: 4,183,055
Technical Sentiment Signal: Buy
Current Market Cap: HK$32.96B
See more insights into 2386 stock on TipRanks’ Stock Analysis page.