信披指南“扩容”助推ESG信披“提质” A股公司国际评级领先阵营加速壮大

Core Viewpoint - The new regulations on ESG disclosure for listed companies in China aim to enhance the quality of sustainable development information reporting and guide companies in implementing sustainable practices [1][4]. Group 1: New Guidelines - The revised "Guidelines for the Preparation of Sustainable Development Reports" now includes three new application guidelines focusing on "Pollutant Emissions," "Energy Utilization," and "Water Resource Utilization," expanding the framework to five specific topics [1][2]. - The new guidelines provide detailed guidance on common risks and opportunities related to pollutant emissions, energy utilization, and water resource management, without imposing additional mandatory disclosure requirements [2][3]. Group 2: Improvement in Disclosure Quality - As of the end of 2024, 32% of companies listed on the Shanghai and Shenzhen stock exchanges have seen improvements in their MSCI ESG ratings, with the proportion of companies rated AAA or AA rising from 0% five years ago to 7.2% [1]. - The overall quality of sustainable information disclosure among A-share listed companies has improved, with a disclosure rate of 46.09% in 2024, and significant progress in climate-related disclosures [5]. - The financial sector had the highest disclosure rate at 91.94%, followed by the electricity, heat, gas, and water production and supply sectors at 75.69%, and the transportation, warehousing, and postal sectors at 72.32% [5].