ESG信披指南扩容！三份实操工具出炉，披露倒计时8个月

Group 1 - The core viewpoint of the article is that the ESG disclosure framework for listed companies in China is entering a critical implementation phase, with new practical guidelines being introduced to enhance the clarity and operability of disclosures [1][4][12] - The China Securities Regulatory Commission (CSRC) has guided the revision and release of the "Guidelines for the Preparation of Sustainable Development Reports by Listed Companies," which includes specific operational guidelines on pollutant emissions, energy use, and water resource utilization [1][2][4] - The new guidelines aim to assist companies in addressing challenges and ambiguities in the disclosure process, particularly in complex areas such as energy and water resource management [1][5][8] Group 2 - Companies required to disclose ESG reports include those in the Shanghai Stock Exchange 180, STAR Market 50, Shenzhen 100, and ChiNext Index, as well as companies listed both domestically and internationally, with a deadline for the first disclosure by April 30, 2026 [2][4][5] - The guidelines are not mandatory but are designed to guide companies towards high-quality disclosures without imposing additional burdens [2][11] - The overall ESG disclosure quality among listed companies has significantly improved, with a disclosure rate of 34.72% as of June 2025, reflecting a 10 percentage point increase over the previous two years [12][13] Group 3 - The guidelines include detailed examples and explanations of common risks and opportunities related to pollutant emissions, energy use, and water resource management, providing a clear calculation process and disclosure requirements [8][9][10] - The guidelines emphasize that the goal is to promote high-quality development rather than merely fulfilling disclosure requirements, with a focus on practical steps for companies to follow [11][12] - The introduction of these guidelines has led to an increase in the number of companies establishing governance structures and setting quantifiable sustainability goals, indicating a deeper integration of sustainability concepts into business decision-making [13][14]