On April 25, 2024, Lianyirong Technology (9959.HK) released the 2023 Environmental, Social and Governance (ESG) Report. Adhering to the mission of “technology to help sustainable supply chain finance development”, Lianyirong promotes sustainable development in environmental protection, social responsibility, corporate governance, etc., and contributes to the advancement of the digital economy and the real economy.
By the end of 2023, the total supply chain assets served by Lianyirong exceeded 1.13 trillion yuan. It had reached cooperation with more than 1,800 core enterprises and financial institutions, covering 45 of China's top 100 enterprises and all of China's top 20 commercial banks; customers covered 32 provinces and administrative regions across the country, and served more than 250,000 micro, small and medium-sized enterprises. In 2023, Lianyirong invested significantly in green finance, renewable energy, etc., serving many high-tech enterprises. The sustainable industrial chain (including renewable energy, rural agriculture, environmental protection, intellectual property, etc.) served by LianYirong Institute has assets of 19.2 billion yuan. Lianyirong also launched China's first blockchain-based cross-border supply chain financing platform, and its overseas business is also developing rapidly.
This report is the third ESG report issued since LianYirong went public. Sustainalytics, an authoritative international ESG rating agency under Morningstar, rated Lianyirong's ESG results as “low risk” for two consecutive years. In 2023, Lianyirong ranked 1372nd out of a total of 15,491 rated companies in the world, ranking in the top 10% of the world; among them, it ranked in the top 5% of the software and service industry.
Song Qun, founder, chairman and CEO of Lianyirong, said, “Lianyirong is committed to becoming an industry leader and role model in promoting sustainable development, and contributing technological strength to the development of sustainable supply chain finance. Lianyirong has always placed ESG and sustainable development concepts in an important position, continuously explores more efficient and effective sustainable supply chain fintech models, and incorporates them into specific business strategies. At the same time, through the power of technology, we also hope to join hands with outstanding industry partners with common ideas to build a long-term platform for multiple parties to create a win-win situation, create long-term value for employees, shareholders and society, and add a steady stream of momentum for sustainable development to the supply chain.”