GRI发布符合全球气候目标的气候与能源报告标准

Investment Rating - The report does not provide a specific investment rating for the industry [2] Core Insights - The GRI has released new sustainability reporting standards, GRI 102 on climate change and GRI 103 on energy, aimed at promoting corporate responsibility and accelerating climate action [3][15] - The Chinese Ministry of Finance has issued a draft application guide for the "Corporate Sustainability Disclosure Standards," focusing on nine core issues and emphasizing the importance of the value chain [11][12] Summary by Sections Domestic Developments - The Ministry of Finance published a draft application guide for corporate sustainability disclosure standards on June 24, 2025, detailing nine key areas and aligning with international standards while reflecting Chinese characteristics [11] - The People's Bank of China is revising the sustainable disclosure guidelines for financial institutions, with over 87% of Chinese companies disclosing data points aligned with IFRS S2 [12] - The Ministry of Industry and Information Technology has released an implementation plan for green and low-carbon standardization, aiming to revise over 100 standards by 2027 [13] - Chengdu has established 1,458 "waste-free city cells," achieving a 15.64% reduction in energy consumption per unit of industrial added value [14] ESG Financial Products Tracking - As of June 27, 2025, China has issued 3,585 ESG bonds with a total outstanding amount of 5.52 trillion RMB, where green bonds account for 61.51% of the total [4][27] - The market has 899 existing ESG products with a total net asset value of 10,534.20 billion RMB, with ESG strategy products making up 53.03% [33] - There are 951 existing ESG bank wealth management products, with pure ESG products representing 56.68% of the total [38] Index Tracking - As of June 27, 2025, most major ESG indices outperformed the market, with the Wind All A Sustainable ESG index showing the highest increase of 2.63% [5][39] - Over the past year, major ESG indices have all increased, with the Huazheng ESG index showing the largest gain of 15.46% [39] Expert Opinions - An assistant researcher from Shanghai University of Finance and Economics noted that under low interest rates, green finance can still function effectively, although the issuance of green bonds has significantly decreased [41] - A director from Xi'an Jiaotong-Liverpool University emphasized that international investors' focus on ESG has evolved beyond mere compliance to include detailed assessments of carbon footprints and operational practices [41]