证监会：不断优化可持续披露制度

Core Viewpoint - The China Securities Regulatory Commission (CSRC) is committed to supporting and guiding listed companies in enhancing the quality of sustainable disclosures, in line with the new "National Nine Articles" requirements [1][3]. Group 1: Disclosure Improvement - The disclosure rate of sustainable reports among listed companies has increased, with 1,869 companies disclosing their 2024 sustainable reports, resulting in an overall disclosure rate of 34.7%, a rise of approximately 10 percentage points compared to the previous two years [1][2]. - 99.3% of the companies that disclosed reports included quantitative indicators, with over 80% of these companies reporting more than 25 indicators [2]. - 62.1% of companies disclosed climate-related risks and opportunities, while 65.9% reported greenhouse gas emissions, showing a significant increase from 57.5% in the previous year [2]. Group 2: Governance and Focus - 67.3% of the companies that disclosed reports have established governance structures, and 63.9% disclosed strategic information, with 44.0% setting and disclosing quantitative sustainability-related goals [2]. - The introduction of guidelines has helped companies focus their sustainable disclosures, reducing confusion and lowering the cost of learning from domestic and international standards [2]. Group 3: Regulatory Framework - The CSRC plans to continue improving the disclosure system by guiding stock exchanges based on disclosure guidelines and adapting to corporate needs, with a focus on policy evaluation after mandatory disclosures begin next year [3][4]. - Approximately 400 companies are required to disclose under the mandatory guidelines, which cover over half of the market's total market capitalization [3]. - The CSRC encourages voluntary disclosures from companies not in the mandatory category, promoting a balanced approach to sustainability reporting [3][4].