公用事业行业ESG周报：全国碳市场累计成交量超4.7亿吨，成交额达279亿元；国际财务报告准则基金会发布《自愿应用ISSB标准指南》

Investment Rating - The report maintains an "Outperform" rating for the public utilities sector, indicating a positive outlook compared to the market [2]. Core Insights - The national carbon market in China has achieved a cumulative trading volume of over 470 million tons and a transaction value of 27.9 billion yuan, with carbon prices fluctuating around 90 yuan per ton [3][10]. - The International Financial Reporting Standards Foundation has released guidelines for the voluntary application of ISSB standards, encouraging companies to report sustainability progress to investors [3][12]. - The report highlights significant growth in renewable energy, with non-fossil energy generation accounting for 40% of total electricity consumption in August 2024, marking a 78.5% increase in installed capacity since the beginning of the 14th Five-Year Plan [10][11]. Summary by Sections 1. Hotspot Focus - Domestic: The cumulative trading volume of the national carbon market has reached 4.76 million tons, with a transaction value of 27.9 billion yuan. The carbon market is expected to expand its coverage and improve data quality [3][10]. - International: The ISSB standard guidelines aim to assist companies in voluntarily applying sustainability reporting standards, with major investors encouraging this practice [3][12]. 2. Policy Dynamics - The Ministry of Ecology and Environment has issued implementation opinions to promote high-level protection and accelerate development in central regions, focusing on green and low-carbon transformation [13][15]. 3. ESG Product Tracking - Bonds: As of September 27, 2024, China has issued 4,824 ESG bonds with a total scale of 13.70 trillion yuan, and 1,098 billion yuan was issued in the current month [33]. - Public Funds: There are 555 existing ESG products with a total net value of 516.3 billion yuan, with environmental protection products making up the largest share [37]. - Bank Wealth Management: There are 610 existing ESG products, with pure ESG products accounting for 55.74% of the total [40]. 4. ESG Expert Opinions - The President of Central University of Finance and Economics emphasized the importance of green finance in supporting low-carbon transformation and proposed several initiatives for integrating finance with sustainable development [44].