2025年策略报告：全球ESG政策动态与市场趋势

Group 1 - The global ESG policy landscape is steadily advancing in 2024, with international cooperation and regional differentiation coexisting. The ISSB has released guidelines for sustainable risk and opportunity disclosures, enhancing corporate sustainability reporting standards [6][17][19] - The EU continues to lead in global ESG governance, with the implementation of the Corporate Sustainability Due Diligence Directive (CSDDD) and the European Sustainability Reporting Standards (ESRS), imposing stricter ESG disclosure requirements on companies [20][19][19] - In the US, ESG development faces significant challenges due to political divisions, with new climate disclosure regulations encountering obstacles at both federal and state levels [8][10][17] Group 2 - China's ESG policy framework has made significant progress, with a multi-level deployment structure involving central and local governments, financial regulatory bodies, and various ministries. The focus is on implementing the dual carbon strategy and promoting green financial services [6][17][49] - The 2024 ESG policy documents emphasize the importance of low-carbon transformation in the real economy and the establishment of a green financial service system, with specific targets set for 2030 and 2035 [49][49][49] - The number of ESG public funds in China has surpassed one trillion yuan for the first time, indicating a growing domestic focus on ESG investments [10][17][10] Group 3 - The global ESG market is projected to exceed $40 trillion by 2030, highlighting the long-term potential for ESG investments despite short-term political challenges in the US [10][10][10] - The carbon market has become a crucial tool for addressing climate change, with mechanisms in China, the EU, the US, and the UK maturing and demonstrating compatibility with policies and financial innovations [10][10][10] - The establishment of a comprehensive ESG information disclosure system in China is underway, with regulatory bodies enhancing the quality and comparability of corporate ESG reports [10][10][10]