事关可持续发展信息披露！证监会指导、三大交易所发布

Core Viewpoint - The China Securities Regulatory Commission (CSRC) is enhancing the sustainable development disclosure framework for listed companies, focusing on environmental issues such as pollutant emissions, energy use, and water resource utilization, to improve corporate awareness and standardize disclosures [1][2][4]. Group 1: New Guidelines and Framework - The CSRC has guided the Shanghai, Shenzhen, and Beijing stock exchanges to release new disclosure guidelines on environmental issues, which do not impose additional mandatory disclosure requirements but provide reference for companies [2][3]. - The guidelines include detailed examples of common risks and opportunities related to environmental issues, such as capacity restrictions due to pollutant emission controls and the challenges of fossil energy extraction [2][3]. - The sustainable development disclosure rules are being continuously improved, with a focus on a systematic approach that combines international experience with local conditions [3][6]. Group 2: Implementation and Compliance - Starting from May 1, 2024, the new guidelines will require certain listed companies to disclose their sustainable development reports by April 30, 2026, aligning with international standards while integrating Chinese practices [5][6]. - The overall quality of sustainable reporting among listed companies has improved, with a disclosure rate of 34.72% as of June, an increase of approximately 10 percentage points compared to the previous two years [7][8]. Group 3: Impact on ESG Ratings - The enhancement of sustainable disclosure rules is contributing to an increase in ESG ratings for listed companies, with 32% of companies in the Shanghai and Shenzhen markets seeing improvements in their MSCI ESG ratings [8][9]. - The number of companies disclosing climate-related risks and opportunities has significantly increased, with 62.07% reporting such information, reflecting a growing commitment to sustainability [8].