证监会：逐步完善上市公司可持续披露制度

Core Insights - The recent increase in ESG ratings among MSCI China A-share index constituents reflects significant progress in sustainable development among listed companies, with 36.8% of firms seeing an improvement in their ratings and the proportion of globally leading ratings rising from 7.2% to 14% [1][3] Group 1: Sustainable Disclosure Progress - The China Securities Regulatory Commission (CSRC) has established a comprehensive framework for sustainable disclosure, which includes mandatory guidelines for listed companies to publish sustainability reports [2] - In 2024, 1,869 listed companies disclosed their sustainability reports, representing approximately 70% of the total market capitalization, with a disclosure rate of 34.7%, an increase of nearly nine times since the end of the 13th Five-Year Plan [3][4] Group 2: Governance and Strategic Goals - Among the companies that disclosed sustainability reports, 67.3% have established governance structures, 63.9% have disclosed strategic information, and 44.0% have set and disclosed quantitative sustainability-related goals [4] - The number of listed companies focusing on strategic emerging industries such as new energy and environmental protection has reached 516, with a combined market value of 9.43 trillion yuan, reflecting significant growth since the end of the 13th Five-Year Plan [4] Group 3: Investment Trends - The scale of sustainable investment has been increasing, with the combined scale of the CSI and Guozheng sustainable index products reaching approximately 125 billion yuan, more than doubling since the end of 2020 [4] - Foreign institutional investors are continuing to increase their investments in the sustainable sector, particularly in Asia, with China being a focal point [4][5]