9部门发布ESG披露气候准则，从自愿向强制披露扩展

Group 1 - The core viewpoint of the news is the introduction of the "Climate Guidelines," which marks a significant step towards a unified sustainable disclosure framework in China, aimed at enhancing corporate transparency regarding climate-related actions and risks [1][3][11] - The "Climate Guidelines" are positioned as a trial document, allowing voluntary implementation by companies, with plans for gradual expansion from listed to non-listed companies and from large to small enterprises [1][3][9] - The guidelines consist of four main parts: governance, strategy, risk and opportunity management, and metrics and targets, aligning with international standards such as IFRS and TCFD [5][6][7] Group 2 - The implementation of the "Climate Guidelines" is expected to reduce compliance and communication costs for companies, providing a transparent framework for disclosing climate actions and risks [8][9] - A+H share listed companies are identified as the core group affected by the guidelines, as they will no longer need to comply with two different sets of standards, thus lowering compliance pressure [9][10] - The guidelines will encourage companies to focus on climate issues, enhancing their governance mechanisms and risk management processes, which is seen as a breakthrough in corporate climate awareness [13]