Winning the Cailianpress Zhiyuan Award — ESG Pioneer Award for Two Consecutive Years, NOAH Holdings Promotes Long-Termism in a Stable and Far-Reaching Way

On December 27th, the 4th Cailianpress Corporate ESG Forum and the 50 People Forum on ESG Influence, a national forum jointly organized by CEPA and Cailianpress, was held in Shanghai. The forum focused on ESG investment, corporate ESG initiatives, green finance and other topics.

The conference invited renowned industry experts to form an expert judging panel, and announced the results of Cailianpress ESG “Zhiyuan Award” for companies with outstanding ESG performance in the areas of sustainable development, digitalization strategy of financial technology, industry contribution, green environmental protection, social care, and employee development.

Among them, NOAH Holdings won the “ESG Pioneer Award” for its outstanding performance in social responsibility, corporate governance, and long-term research and investment in the ESG field. This is the second consecutive year for NOAH Holdings to win this award, and the third consecutive year for NOAH Holdings to win the ESG “Zhiyuan Award” from Cailianpress News Agency. The successive awards received by Noah Holdings in the ESG field reflect the company’s “long-termism” management philosophy of continuous improvement.

In 2018, the Securities and Futures Commission (SFC) revised the Code of Governance for Listed Companies, which includes information on the fulfillment of social responsibility such as poverty alleviation (S). Currently, the ESG concept is aligned with several strategic objectives advocated by China. The promotion of ESG investment benefits both companies with financing needs and asset management companies.

Yin Zhe, co-founder of NOAH Holdings and chairman of Gopher Asset, said that ESG concepts are sustainable and need to be viewed rationally. For this reason, NOAH Holdings has chosen to take the “hard but right” path of long-termism, which is achieved by breaking it down into many small steps and goals and evaluating them regularly. According to Yin Zhe, using ESG as project management allows for a more systematic and efficient approach to tasks and facilitates the evaluation of practice results. To this end, NOAH Holdings has fully implemented the long-termism route in terms of mechanism, strategy and execution.

In terms of internal management, NOAH Holdings has 33% female directors and 62% female employees. Eight internal committees have been set up to fulfill the company’s management responsibilities, incorporating ESG standards into the company’s corporate governance and sustainable global environmental policies and practices into the company’s strategy.

In terms of strategy, Noah Holdings focuses on continuity and consistency, and guides the industry’s ESG practice with its own practical exploration by continuously focusing on four major areas, including spiritual public welfare, autism, rural revitalization, and emergency disaster relief, and taking root in remote and impoverished mountainous areas. Since 2014, Noah has published a sustainability report for nine consecutive years, showcasing its new developments and achievements in the ESG direction.

NOAH Holdings has been practicing sustainable development and responsible investment. As a professional asset management company under NOAH Holdings, Gopher Asset attaches importance to the construction of its own responsible investment. Between 2020 and 2021, Gopher Asset has made a number of significant achievements. For the third consecutive year, GEFA has published the ESG Investment Due Diligence Report. With the long-term sustainable “doing the hard but right thing”, NOAH Holdings has gradually made breakthroughs in the field of ESG and gained recognition in the industry.

In recent years, NOAH Holdings has continued to refine its business philosophy of long-termism.

NOAH Holdings donated a cumulative total of 926,000 RMB from 2019 to 2022 to help build infrastructure in remote areas, and continue to cooperate with SEE and other organizations in ecological poverty alleviation for six years. Noah Public Welfare’s education poverty alleviation has lasted for many years in more than 20 remote areas. It directly covers 5,042 impoverished students. During the period from 2015 to 2021, NOAH Holdings donated a total of more than 4.4 million yuan in the field of autism public welfare.

In 2023, in order to establish a multi-party bird strike prevention network and raise awareness of bird strikes in the process of urban governance, Noah’s Wealth joined hands with Duke Kunshan University and other organizations to jointly promote the “National Bird Strike Prevention Action Network Construction Project”.

On May 19, NOAH Holdings held the 2023 ESG Summit Forum to explore the sustainable development of ESG investment with capital, and on October 17, Noah’s subsidiary, Gopher Asset, held the launch of the 2023 ESG Investment Due Diligence Report, which provides an exemplary sample of ESG development for the industry.

On October 19, 2021, Noah Wealth was awarded the 2021 “Best Case Award for ESG in Chinese Enterprises” at the 2021 ESG Summit Award Ceremony organized by Cailianpress, followed by the Zhiyuan Award — ESG Pioneer Award in 2022 and the 2023 award for NOAH Holdings. In 2022, NOAH Holdings won the Zhiyuan Award — ESG Pioneer Award and in 2023, the award was repeated.

In addition to Cailianpress, NOAH Holdings has also received the highest AAA rating for outstanding CSR reports from the Ministry of Industry and Information Technology of the People’s Republic of China; The Asset’s 2021 Gold Award for Corporate ESG; The Sixth Global CSR Summit: Outstanding Contribution to ESG Investment Services; Beijing Entrepreneurs’ Environmental Protection Foundation: Outstanding Contribution Award; China Business News: Outstanding Contribution Award; China Business News: Outstanding Contribution Award; and China Business News: Outstanding Contribution Award. China Business News: ESG Responsibility Model Enterprise Award; Carbon Neutrality Certificate issued by Shanghai Environmental Energy Exchange and many other awards; Forbes China’s “2023 China’s Best Employer of the Year Award for Innovative Practices”.

Yin Zhe, Deputy CEO of NOAH Holdings and Chairman of Gopher Asset, said in a previous forum that NOAH Holdings has always practiced the path of long-termism in ESG, providing the industry with valuable practical results. With more capital and technology investment and the guidance of long-termism concept, ESG investment will become an important force to promote the sustainable development of the global economy.