GE(US:GE) Jie Fang Ri Bao·2025-12-18 01:53Group 1 - The article highlights the growing importance of ESG (Environmental, Social, and Governance) as a key standard for measuring non-financial performance in global capital markets, with Shanghai emerging as a leader in promoting ESG practices among foreign enterprises [1][3] - A recent event revealed that several outstanding ESG practices by foreign companies in Shanghai have been included in their global headquarters' reports, contributing to global ESG practices with "Chinese solutions" [1] - In the circular economy sector, foreign companies are collaborating across industries to promote green supply chains, exemplified by SABIC's partnership with ENLIO for a basketball court renovation project using advanced recycling technology [1] Group 2 - In the climate and resource sector, foreign companies are achieving significant carbon reduction through technological innovation and local collaboration, such as SKF's energy-saving electric drive systems and Nestlé's initiatives to reduce greenhouse gas emissions in livestock farming [2] - Nippon Paint China is implementing water-saving technologies to reduce water consumption per ton of product to 0.429 tons by 2024, a 13.63% decrease year-on-year [2] - Volvo Cars is enhancing its local community engagement by shifting from material donations to value co-creation, exemplified by its "Little Red Horse Safety Education Program" aimed at reducing child traffic accidents in Shanghai [2] Group 3 - The Shanghai Foreign Investment Association reported that 41 ESG reports were collected from foreign enterprises this year, with over 90% of these companies integrating Chinese practices into their reports, indicating a widespread response to China's dual carbon goals [3]