证监会上市司一级巡视员毕晓颖：完善可持续披露制度坚持“以我为主”，不盲目追求披露家数

Core Viewpoint - The 2025 Sustainable Global Leaders Conference emphasizes the importance of high-quality sustainable information disclosure and the commitment to achieving carbon neutrality goals, while asserting that the path to these goals should be determined independently by China [1][2]. Group 1: Sustainable Disclosure Framework - The conference highlighted the need to gradually improve the sustainable disclosure system by learning from international practices while ensuring that the approach is tailored to China's context [2]. - The new guidelines for sustainable reporting issued by the Shanghai and Shenzhen stock exchanges aim to align with international standards while allowing flexibility for challenging disclosure metrics [2][3]. Group 2: Implementation Strategy - A phased approach is being adopted to enforce mandatory disclosure for approximately 400 companies, which collectively represent over half of the market's total value, with 95% of these companies already having disclosed sustainability reports ahead of the 2026 deadline [3]. - The focus is on guiding companies that have not yet disclosed to prepare for their first reports, while encouraging voluntary disclosures from thousands of other companies [3]. Group 3: Quality of Disclosure - The emphasis is placed on high-quality development as the foundation for effective sustainable disclosure, with recognition from international investors regarding the progress made by Chinese companies in this area [4]. - The conference aims to promote practical examples from leading Chinese companies to further enhance sustainable practices and reporting [4].