证监会上市公司监管司副司长张艳：坚定不移引导以高质量发展推动高质量披露

Core Viewpoint - The enhancement of ESG ratings among listed companies is a significant indicator of high-quality development, with a notable increase in the number of companies achieving leading global ratings [1][2]. Group 1: ESG Ratings Improvement - As of last weekend, 36.8% of MSCI China A-share index constituents have seen an improvement in their ESG ratings, with the proportion of companies rated AAA or AA rising from 7.2% at the end of last year to 14%, marking the largest increase in recent years [1]. - The number of companies with leading ratings has surged from 2 at the end of the 13th Five-Year Plan to 54 [1]. Group 2: Sustainable Disclosure Progress - Over the past five years, there has been significant progress in sustainable disclosure among listed companies, with a well-established sustainable rules system [2]. - In 2024, 1,869 listed companies disclosed sustainability reports, representing about 70% of the total market capitalization, effectively meeting sustainable investment needs and enhancing the international image of Chinese listed companies [2]. Group 3: Regulatory Guidance and Framework - The China Securities Regulatory Commission (CSRC) is committed to improving the sustainable disclosure system, focusing on adaptability and operability while drawing on international best practices [2][4]. - The CSRC emphasizes a practical approach to sustainable disclosure, encouraging companies to not only tell their stories well but also to implement effective governance structures, with 67.3% of disclosing companies establishing governance frameworks [3]. Group 4: Future Directions - The CSRC plans to continue enhancing the sustainable disclosure system in line with the principles of borrowing from others while maintaining a unique approach, and will promote policy implementation in a gradual manner [4].