Xiang He Capital Joins UN-Supported Principles for Responsible Investment
Xiang He Capital today announced that it has become a signatory to the United Nations-supported Principles for Responsible Investment (“UN PRI”), demonstrating its ongoing commitment to responsible investments.
UN PRI is recognized as the world’s leading proponent of responsible investment, with an international network of over 5,000 signatories committed to incorporating environmental, social and governance (“ESG”) factors into their investment and ownership decisions.
“We are excited to become a signatory to the UN PRI, as this aligns with our continuous commitment to making responsible investments and promoting responsible investing practices in China,” said Hesong Tang, Founding Partner of Xiang He, “We look forward to investing in more businesses that contribute towards building a more sustainable future.”
Nan Luo, head of China of UN PRI, welcomed Xiang He as a UN PRI signatory, “In joining UN PRI, Xiang He has demonstrated its commitment to responsible investment, and this is a major milestone for Xiang He in its continued efforts in integrating ESG factors into its investment and ownership decisions. We look forward to working with the Xiang He team in further promoting responsible investment.”
Xiang He believes that technology innovation is a key driver for achieving the goals of carbon neutrality and sustainable growth. Since 2016, Xiang He has invested in many innovative start-up companies with positive ESG impacts. For instance, transport is one of the largest contributors to carbon emissions around the world. Xiang He has invested in start-up companies, such as Full Truck Alliance (NYSE: YMM), Huolala and YunQuNar, which utilize advanced digital technologies to help increase freight efficiency, optimize shipping routes, and reduce empty-load rates, thereby reducing carbon emissions. Xiang He has also invested in companies in the renewable energy sector, such as ROX Motor, a designer and developer of passenger electric vehicles. In the industrials sector, Mogu Wulian, a portfolio company of Xiang He, provides industrial AIoT SaaS services to industrial equipment companies, assisting them with digital transformation and energy saving efforts. Other portfolio companies of Xiang He, such as Aqrose Technology, Rokae Robotics and Jiazhi Technology, also help factories increase production efficiencies and reduce scrap rates through the application of AI technology and robotics.
It is Xiang He’s long-held mission to “Build a Better World by Enabling Entrepreneurs”. Since adoption of its first ESG policy in 2018, Xiang He has been committed to practicing ESG investment, integrating ESG factors into its whole investment life cycle, including but not limited to due diligence, investment decision-making and portfolio management. Xiang He has also been collaborating with many of its portfolio companies on ESG initiatives.
