ESG stands for Environmental, Social and Governance. It has the concept of investment strategy and
enterprise evaluation that focuses on corporate Environmental, Social and corporate Governance performance.
ESG originates from Social Responsible Investment (" SRI "), which is the three most important factors of
Social Responsible Investment. In the recent years, the number of listed companies, who disclosed ESG
information has increased year after year. More and more ESG rating institutions appeared in the market, and
the number of investment institutions which adopted ESG investment concept is also increased. Under the
background of global responsibility investment, especially the Chinese government carried forward of the
carbon neutraimages/esg/l in 2030, and "double carbon" goals in 2060, environment protection is required by
company. The ESG concept of MRF matches with the sustainable development of China.