资本市场价值回归，ESG扮演关键角色

Group 1 - The core viewpoint is that ESG is becoming a crucial tool for driving capital market value return and achieving high-quality development, especially in the context of a shift from short-term profit focus to long-term value assessment [2][5] - The recent significant drop in cryptocurrency prices, particularly Bitcoin, highlights the volatility and speculative nature of such assets, contrasting with traditional assets that rely on cash flow predictions and valuation models, including ESG risk assessments [1][2] - The global ESG investment assets are projected to reach $53 trillion by 2025, representing one-third of total global managed assets, indicating a growing trend towards sustainable investment [3] Group 2 - The transition towards value return in capital markets is driven by the need to address global challenges such as climate change and social inequality, emphasizing the importance of non-financial risks in assessing long-term corporate value [3][4] - ESG is not merely a moral addition but a strategic tool embedded in the corporate value chain, focusing on environmental, social, and governance dimensions that translate into investment decision-making [4] - Research shows that holding stocks of companies in the top 30% of ESG rankings resulted in an average annual excess return of 12.8% over three years, demonstrating the financial performance linked to non-financial factors [4]