XtalPi(HKEX: 2228.HK) has been awarded the ESG Excellence Commendation at the 2024 Hong Kong Corporate Governance & ESG Awards, recognized for its leadership in sustainable innovation and governance. The ceremony, attended by Hong Kong SAR Government officials and capital markets leaders including HKEX CEO Bonnie Chan, honored only 28 listed companies out of record-high applicants across sectors from real estate to AI.
As a Hang Seng Composite Index constituent and Connect Program member, XTALPI demonstrates how ESG excellence drives investor confidence. “Our listing pioneered sustainable tech IPOs,” said CFO Frank Tan. “We’re committed to making AI-powered drug discovery both transformative and environmentally responsible.”
CFO Frank Tan concluded: “This recognition fuels our mission to build climate-aware drug and materials discovery platforms. Through alliances like our MIT Sustainable Chemistry Initiative, we’re redefining our role in the low-carbon economy.”
Judges’ Comment:
XtalPi has established a top-down ESG management structure, directly supervised by the Board, responsible for setting strategies and objectives, and monitoring risks and opportunities, with the supportofan ESG workinggroup.
The company has set clear targets for greenhouse gas emissions, waste, electricity consumption, and water consumption.The in-house automation system XtalDynamics has reduced the number of physical experiments needed by 80%, minimizing energy consumption and wasteproduction.The company entered into a strategic Research and Development collaboration agreement with GCL Group. In the next five years, the two parties will conduct joint R&D on new energy and new materials, aiming to boost various industry standards. Socially, the companysupports causes of patient careand scientific education.
The Judging Panel is pleased to see all-rounded and focused ESG efforts by a newly-listed company. An Honourable Mention is given to provide encouragement.
