多方共议可持续信息披露 “包容协同”“成本效应平衡”获青睐

Core Viewpoint - The emphasis on sustainable information disclosure is increasing globally, with multi-party collaboration being a key driver for the development of Environmental, Social, and Governance (ESG) practices [1][2]. Group 1: Policy and Regulatory Developments - The Ministry of Finance and the Ministry of Ecology and Environment jointly issued the "Corporate Sustainable Disclosure Standards No. 1 - Climate (Trial) (Draft for Comments)" in April, marking a significant step in aligning with China's "dual carbon" goals and participating in global climate governance [1]. - The People's Bank of China is revising the "Guidelines for Sustainable Information Disclosure by Financial Institutions" to enhance comparability with international standards and expand the scope of disclosures [2]. Group 2: Corporate Practices and Reporting - As of May 2025, 2,461 out of over 5,400 listed companies in China's A-share market disclosed ESG reports, achieving a disclosure rate of 45.7%, the highest on record [3]. - Among state-owned enterprises, 462 out of 470 listed companies have published ESG reports, resulting in a disclosure rate of 98.3% [3]. - Companies are increasingly adopting the "Four Pillars" framework proposed by the International Sustainability Standards Board (ISSB) for ESG reporting, focusing on governance, strategy, risk management, and metrics and targets [3]. Group 3: Industry Collaboration and Challenges - China National Railway Group is working on building a carbon-neutral ecosystem across its supply chain, emphasizing green evaluations and collaborative technology applications [4]. - Experts suggest that further collaboration and capacity building are needed to enhance sustainable information disclosure capabilities among companies and third-party service providers [4]. Group 4: International Standards and Investor Insights - The ISSB's standards provide transparency for investors, helping them identify risks and opportunities across time dimensions in rapidly changing markets [5].