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The State Grid Corporation of China (SGCC) is a state-owned energy distribution company that serves 80% of the Chinese grid, including five megacities, Beijing, Chengdu, Chongqing, Jiangsu and Shanghai. State Grid is the largest utility company in the world, supplying 1.1 billion people with electricity and employing 1.7 million people. It is also the fourth largest company in the world by revenue.
Summary
SGCC has scored zero in all five measurement areas and therefore ranks at the bottom of the benchmark, together with other zero-scoring companies. Given its significant scale and influence, SGCC has the potential to contribute significantly to shaping sustainable urban environments. However, its lack of disclosure on key sustainability topics makes it difficult to understand and evaluate its impact on people and the planet. This lack of transparency makes the company vulnerable to environmental and social risks, diminished investor and stakeholder trust and misalignment with regulatory requirements. Moreover, it places the company at a disadvantage compared to its peers, affecting its overall competitiveness.
To foster transparency and positive change, SGCC should identify its most significant sustainability risks and opportunities in a materiality assessment and publish a sustainability strategy that integrates these priorities into its overall business strategy. It should also assign clear responsibility for strategy oversight to the highest governing body, such as the board of directors. Furthermore, SGCC should establish measurable, time-bound and, where possible, science-based targets to reduce negative impacts, while regularly reporting progress against its sustainability goals.
Ranking position
#238
/300
Total score
0.0
/100
Measurement area
Score
Rank (0-300)
Measurement area
Governance & Strategy
Score
# 1
0.0
/100
Rank (0-300)
#181
Measurement area
Inclusive Cities
Score
# 1
0.0
/100
Rank (0-300)
#225
Measurement area
Healthy Cities
Score
# 1
0.0
/100
Rank (0-300)
#174
Measurement area
Climate Proof & Resilient Cities
Score
# 1
0.0
/100
Rank (0-300)
#170
Measurement area
Core Social Indicators
Score
# 1
0.0
/100
Rank (0-300)
#195
Industries
Industries
Energy distribution
#41
More about the company
Headquarters
China
Ownership structure
Government
Revenue
USD 529,674 billion (2022)
Number of employees
1481000 (2022)
Website
http://www.sgcc.com.cn
63716
