证监会：坚定不移逐步完善可持续披露制度

Core Insights - The China Securities Regulatory Commission (CSRC) emphasizes the importance of high-quality development and disclosure in listed companies, highlighting significant progress in sustainable disclosure over the past five years [1][2] Group 1: Sustainable Disclosure Progress - As of last week, 36.8% of MSCI China A-share index constituents have improved 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] - A total of 1,869 listed companies disclosed their 2024 sustainable development reports, representing about 70% of the market's total market capitalization, with a disclosure rate of 34.7%, nearly a ninefold increase since the end of the 13th Five-Year Plan [2] - 99.3% of companies included quantitative indicators in their reports, with over 80% disclosing more than 25 indicators; 62.1% reported on climate-related risks and opportunities, and 65.9% disclosed greenhouse gas emissions, a significant increase from 57.5% the previous year [2] Group 2: Sustainable Investment Growth - The combined scale of the CSI and Guozheng sustainable indices reached approximately 125 billion yuan by the end of October, more than doubling since the end of 2020, with ESG funds increasingly dominating both new and existing products [3] - Foreign institutional investors are continuing to increase their investments in the sustainable sector, particularly in Asia, with China being a focal point [3] Group 3: Industry Focus and Market Impact - The number of listed companies focusing on strategic emerging industries such as new energy, new energy vehicles, and energy conservation has reached 516, with a total market capitalization of 9.43 trillion yuan, representing growth of 88% and 126% since the end of the 13th Five-Year Plan [2] - Leading companies like CATL and BYD have rapidly grown through the capital market, becoming new symbols of China's industry [2]