Core Viewpoint - Environmental risks are increasingly becoming a significant operational risk for listed companies, impacting both their development and public image [3]. Group 1: Environmental Violations and Penalties - Four listed companies have recently been exposed to environmental risks, with a total of 42.52 million shareholders potentially facing investment risks [3][2]. - Guodian Power's subsidiary, Liaocheng Power, was fined approximately 310,900 yuan for failing to verify the qualifications and technical capabilities of a third-party waste disposal company [4][3]. - Shijin Technology's subsidiary, Suzhou Shunze Testing Technology, was fined 116,000 yuan for falsifying environmental monitoring data [5][3]. - Yunda Co.'s subsidiary, Fengxin New Energy, was fined 200,000 yuan for commencing operations without reapplying for an environmental impact assessment after significant project changes [6][3]. Group 2: Regulatory Framework and Public Participation - The increase in environmental information transparency is supported by improved environmental regulatory information disclosure, ensuring public access to environmental data [9]. - Legal frameworks have established the right for citizens and organizations to access environmental information and participate in environmental protection [9].