构建建筑央企 ESG 评价体系：突显信披与绿色建筑：A股央企 ESG 报告系列报告之十一

Investment Rating - The report indicates a positive outlook for the construction industry, emphasizing the importance of ESG (Environmental, Social, and Governance) performance in central state-owned enterprises (SOEs) within the sector [3][5]. Core Insights - The construction industry is a key focus for green development, with policies aimed at enhancing energy efficiency and promoting green building practices during the "14th Five-Year Plan" period [5][9]. - The report proposes an ESG evaluation system specifically for construction SOEs, incorporating unique indicators related to green development and safety management [12][19]. - The evaluation system includes five categories of positive indicators and one category of negative indicators, with a total of 18 primary indicators and 51 secondary indicators [12][21]. Summary by Sections 1. ESG Policies for Construction SOEs - The report outlines a series of policies aimed at promoting sustainable practices in the construction industry, including guidelines for enhancing building quality and implementing green construction methods [9][10]. - Key policies include the "14th Five-Year Plan for Building Energy Conservation and Green Building Development," which sets specific targets for energy efficiency and green building adoption by 2025 [9][10]. 2. Construction SOEs ESG Evaluation System - The proposed ESG evaluation system for construction SOEs adds indicators for "green development" and "safety management," reflecting the industry's unique characteristics [12][19]. - The evaluation framework emphasizes the importance of assessing materiality, environmental impact, climate change response, social responsibility, and corporate governance [12][19]. - Specific indicators include assessments of energy management, waste treatment, and biodiversity protection, with a scoring system to quantify performance [16][19]. 3. Appendices - The report includes tables summarizing the ESG policies and the detailed structure of the proposed evaluation system, highlighting the emphasis on transparency and green building practices [7][22].