OneConnect Financial Technology Co., Ltd. Strengthens Its Commitment to Sustainability

In a significant move underscoring its dedication to sustainable finance, OneConnect Financial Technology Co., Ltd. has released its 2024 Environmental, Social, and Governance (ESG) Report for the third consecutive year. This release, announced on April 24, 2025, highlights the company’s ongoing commitment to corporate responsibility and sustainable practices. Operating within the information technology sector, OneConnect specializes in providing technological applications to financial institutions, aiding in digital transformation, revenue enhancement, and risk management.

A Comprehensive Approach to Sustainability

The 2024 ESG Report offers a detailed overview of OneConnect’s strategies and achievements in sustainability. The company has identified 25 key material topics and aligned its disclosures with major international frameworks such as the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB), and the Task Force on Climate-related Financial Disclosures (TCFD). This alignment demonstrates OneConnect’s dedication to transparency and accountability in its sustainability efforts.

Key Achievements and Future Goals

One of the standout achievements highlighted in the report is OneConnect’s pledge to achieve operational carbon neutrality by 2030. This ambitious goal reflects the company’s proactive approach to reducing its environmental impact. Additionally, OneConnect has maintained its per capita greenhouse gas emissions, showcasing its commitment to minimizing its carbon footprint.

Financial Overview and Market Position

As of April 23, 2025, OneConnect’s stock was trading at a close price of HKD 1.55 on the Hong Kong Stock Exchange, with a market capitalization of HKD 1.74 billion. Despite a negative price-to-earnings ratio of -2.36, the company’s focus on sustainable finance and technological innovation positions it as a leader in the information technology sector.

Annual Report and Regulatory Compliance

In addition to the ESG report, OneConnect has also filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the Securities and Exchange Commission (SEC). This filing, announced on April 24, 2025, ensures compliance with regulatory requirements and provides stakeholders with a comprehensive overview of the company’s financial performance and strategic direction.

Industry Context

The release of OneConnect’s ESG report comes at a time when sustainability is increasingly becoming a focal point for companies across sectors. In the financial services industry, where OneConnect operates, there is a growing emphasis on integrating sustainable practices into business models. OneConnect’s leadership in this area not only strengthens its market position but also sets a benchmark for other companies in the sector.

Conclusion

OneConnect Financial Technology Co., Ltd.’s release of its 2024 ESG Report marks a significant milestone in its journey towards sustainable finance. By aligning with international frameworks and setting ambitious sustainability goals, OneConnect is not only enhancing its corporate responsibility but also contributing to a more sustainable future. As the company continues to innovate and lead in the information technology sector, its commitment to sustainability will undoubtedly remain a key driver of its success.