责扬天下中上协：中国上市公司ESG价值核算报告（2025年）

Core Insights - The report titled "ESG Value Accounting Report of Chinese Listed Companies (2025)" provides a comprehensive overview of the development trends in ESG value accounting both domestically and internationally, highlighting significant advancements in data disclosure and value accounting outcomes for listed companies [1][2]. International Progress - The International Capital Coalition and IFVI have merged to create a unified global value accounting factor database, while ISSB plans to revise relevant standards to enhance disclosure consistency and interoperability [1][19]. - The ESG value accounting is evolving towards monetization and financial integration, with a focus on developing a comprehensive decision-making framework that incorporates natural, social, human, and manufactured capital [19][20]. Domestic Progress - China has initiated the "Corporate Sustainable Value Accounting Guidelines" national standard plan, aiming to establish a standardized disclosure system that aligns with international trends while incorporating local characteristics [1][28]. - The ESG report publication rate for A-share and Hong Kong-listed mainland companies reached 54.66% in 2024, with significant improvements in the disclosure of key environmental and social indicators [1][35]. ESG Data Disclosure - In 2024, the number of companies achieving positive net impacts from ESG practices continued to rise, with nearly 60% of companies identifying ESG opportunities, particularly in environmental aspects [2][30]. - The quality of carbon emission data has improved, with over 50% growth in the number of companies rated A for data quality compared to 2022 [1][2]. ESG Value Accounting Applications - ESG value accounting is increasingly being integrated into corporate operations, supporting dual materiality analysis and optimizing resource allocation, thus transitioning ESG management from compliance to value creation [2][12]. - The report emphasizes that ESG reports will become the "new language" for sustainable disclosure, driving upgrades in corporate management paradigms and supporting sustainable investment and governance [2][15]. Industry-Specific Insights - The report includes case studies from various sectors such as agriculture, beverages, and food processing, revealing distinct ESG value characteristics across different industries [2][29]. - The banking and non-banking financial sectors have shown particularly high ESG report publication rates, exceeding 60% [1][44].