麦高证券ESG周报

Group 1: ESG Policy Developments - The State Council issued a plan to enhance carbon emission monitoring and control systems by 2025, aiming for a peak in carbon emissions during the 14th Five-Year Plan period[1] - By 2027, Beijing aims for significant ecological improvements and a reduction in carbon emissions, with a target PM2.5 concentration of 25 micrograms per cubic meter by 2035[1] Group 2: ESG Index Performance - In the past week, 20% of ESG indices recorded positive excess returns, with the ESG negative screening strategy performing best at an average excess return of -0.21%[2] - The ESG leading strategy showed the best performance over the past month, with an average excess return of -0.17%[2] Group 3: ESG Bond Market - A total of 13 ESG-related bonds were issued in the week, with a planned issuance scale of 9.284 billion yuan, including 7 green bonds and 5 social bonds[3] - The report highlights risks related to incomplete ESG information disclosure and potential delays in policy implementation[3] Group 4: ESG Fund Products - As of August 2, 2024, there are 11 ETFs linked to ESG indices, with the largest being the ETF linked to the CSI 300 ESG index, managing 318 million yuan, accounting for 46% of the total[28] - The highest weekly return among ESG ETFs was 0.51% for the CCB SSE Social Responsibility ETF, with the highest trading volume for the Southern CSI 300 ESG ETF at 462.4 million yuan[31]