上市公司可持续发展信披更加系统化

Core Viewpoint - The revised "Guidelines for the Preparation of Sustainable Development Reports by Listed Companies" focus on environmental issues, enhancing the practical capabilities of listed companies in environmental protection and resource utilization, contributing to a low-carbon sustainable market ecosystem [1][2]. Group 1: Regulatory Framework - The new "National Nine Articles" emphasizes the need to improve the sustainable information disclosure system for listed companies [1]. - The revised guidelines, effective from May 1, 2024, provide detailed guidance for companies in preparing ESG reports without imposing additional mandatory disclosure requirements [2]. Group 2: Specific Guidelines - The newly added guidelines include "Pollutant Emission," "Energy Utilization," and "Water Resource Utilization," which outline risk and opportunity identification, accounting processes, and disclosure points [2]. - These guidelines address common risks such as capacity restrictions due to pollutant emission controls and opportunities like cost reduction through new pollution prevention technologies [2]. Group 3: Industry Impact - The establishment of a sustainable development rule system is expected to enhance the quality of sustainable information disclosure and highlight the investment value of high-quality companies [2]. - As of June 30, 2023, 1,869 listed companies disclosed sustainable reports, achieving an overall disclosure rate of 34.72%, an increase of approximately 10 percentage points compared to the previous two years [3]. Group 4: Disclosure Quality - The quality of disclosure has improved, with 99.25% of companies reporting quantitative indicators, and 62.07% disclosing climate-related risks and opportunities [4]. - The proportion of companies with improved MSCI ESG ratings reached 32% by the end of 2024, with the share of companies rated AAA and AA increasing from 0% five years ago to 7.2% [4].