中国上市公司协会：2025中国上市公司ESG行业报告

Core Insights - The 2025 China Listed Companies ESG Industry Report highlights the steady improvement in ESG information disclosure among listed companies, with a disclosure rate of 53.1% as of June 30, 2025, an increase of nearly 5 percentage points from the previous year [2][4]. Disclosure Situation - As of June 30, 2025, a total of 6,476 A-share and Hong Kong-listed companies exist, with 3,437 companies disclosing ESG-related reports, resulting in a disclosure rate of 53.1% [25]. - The A-share market has a disclosure rate of 46.4%, which is an increase of over 6 percentage points compared to the previous year [25]. - Companies generally prefer to publish standalone ESG reports, with over 50% of companies in both markets opting for this format. A-share companies tend to favor social responsibility and sustainable development reports, while Hong Kong-listed companies often include ESG sections in their annual reports [28]. - 91.9% of the companies that published ESG reports did so by April 30, 2025, indicating a timely disclosure trend [30]. Industry-Specific Insights - The report covers seven key industries: electricity, pharmaceuticals, transportation, electrical equipment, non-ferrous metals, banking, and non-banking finance, each exhibiting unique ESG practices [4][9]. - The electricity sector has a disclosure rate of 82.3%, focusing on clean energy investments and carbon emission management [3]. - The pharmaceutical industry has a disclosure rate of 48.1%, with notable performance in R&D investment and patient rights protection, where R&D investment disclosure reached 93.3% [3]. - The transportation sector emphasizes green port construction and clean equipment application, achieving a disclosure rate of 78.2% [3]. - The banking sector leads with a 100% disclosure rate, demonstrating significant achievements in green finance and inclusive finance [3]. Recommendations for Improvement - The report suggests that companies should deepen their ESG governance design, unify statistical standards, enhance industry chain collaboration, and improve the quality of information disclosure and management efficiency [4].