Shang Hai Zheng Quan Bao·2025-06-23 19:22Core Viewpoint - The article emphasizes the importance of communication between listed companies and rating agencies to improve ESG ratings and promote sustainable development practices [1][2]. Group 1: ESG Rating Improvement - The Shanghai Stock Exchange has developed a plan to enhance ESG ratings for listed companies, focusing on six key initiatives, including promoting communication with rating agencies [1]. - Effective communication can help companies identify weaknesses in their ESG management and create improvement plans, leading to better integration of ESG principles into corporate strategies [1][2]. - A case study highlighted that a real estate company improved its ESG rating by one level after providing more detailed ESG data following communication with the rating agency [1]. Group 2: Feedback and Challenges - Feedback from companies primarily revolves around qualitative indicators, with misunderstandings about definitions and scattered information disclosure channels being common issues [3]. - Companies often fail to disclose comprehensive data, such as cumulative achievements in green initiatives, which can hinder the rating process [3]. Group 3: Effective Communication Strategies - Companies are advised to enhance communication with rating agencies by detailing data, ensuring the reliability of supplementary information, and preparing targeted materials for low-scoring indicators [4][5]. - Establishing a regular communication platform and creating a dedicated ESG section on company websites for timely updates and disclosures are recommended practices [5]. Group 4: Case Example - Xiamen Tungsten Co. has aligned its 2024 sustainability report with domestic and international standards, receiving recognition as the "Most Improved Company" in the metals and mining sector for its ESG practices [6].