2025年ESG展望：中资企业开启出海新篇章

Core Insights - The report highlights the gradual improvement of the overseas ESG ecosystem, with the ISSB's first set of international sustainability disclosure standards being widely adopted and the TCFD's oversight responsibilities transitioning to IFRS in 2024, although standardization remains a complex process due to varying needs across countries and industries [4][8] - The domestic ESG ecosystem is accelerating with the development of green finance and an increasing emphasis on corporate governance, as green finance is seen as a key driver for sustainable economic development in China [4][13] - ESG investment strategies have shown advantages during market fluctuations, with notable performance in the consumer discretionary and materials sectors [4][21] Group 1: Overseas ESG Ecosystem - The overseas ESG information disclosure standards are moving towards unification, with significant contributions from international organizations, the EU, and the US [4][8] - The focus of the ESG standard system is on environmental issues, particularly in reducing greenwashing risks and improving climate-related disclosures [4][8] Group 2: Domestic ESG Development - Green finance is being promoted through market mechanisms to drive sustainable economic and social development, with a focus on high-quality growth and low-carbon transitions [4][13] - The construction of an ESG policy and standard system aligned with China's dual carbon goals is a primary direction for domestic ESG ecosystem development [13][14] Group 3: ESG Investment Strategies - In Q1 2024, the market faced pressure, and ESG strategies mirrored the overall market trends, while in Q2, ESG strategies outperformed during a period of market volatility [4][17] - By Q3 2024, the market experienced frequent shifts in main lines of investment, with ESG strategies showing mixed performance amid a declining market [4][17][21] Group 4: Corporate Governance - A robust corporate governance framework is essential for high-quality corporate development, with recent policies aimed at enhancing investor services and returns [14] - The capital market's focus has shifted towards investor-centric policies, encouraging share buybacks and shareholder increases to strengthen market value management [14]