构建煤炭行业央企ESG评价体系：聚焦绿色转型与安全治理：A股央企ESG评价体系白皮书系列报告之十一

Investment Rating - The report indicates a positive outlook for the coal industry, emphasizing the importance of ESG (Environmental, Social, and Governance) practices in the sector [3][6]. Core Insights - The coal industry is under dual pressure to ensure energy security while transitioning to a low-carbon economy, with ESG practices being a key solution to balance these demands [3][6]. - A new ESG evaluation system tailored for coal enterprises has been developed, incorporating indicators such as "green mining," "safety production," and "intelligent management" to better reflect industry characteristics [3][11]. - The report highlights the necessity for coal enterprises to enhance their ESG management and information disclosure quality in response to evolving regulatory requirements [10][11]. Summary by Sections 1. Coal Central Enterprises ESG Policies: Green Transition in a Critical Phase - The coal industry is a pillar of national energy security and economic development, facing increasing policy guidance towards green transformation [7][9]. - Recent policies have detailed ESG management requirements, particularly in energy conservation, emissions reduction, and low-carbon transition [7][9]. 2. Constructing the ESG Evaluation System for Coal Central Enterprises: Balancing Green and Safety - The ESG evaluation system includes four categories of positive indicators and one category of negative indicators, with a total of 23 primary indicators and 59 secondary indicators [11][20]. - The system emphasizes the importance of environmental, social, and governance aspects, with specific indicators for green mining and safety management [11][16]. - The evaluation framework aims to ensure objective, comparable, and actionable results, with a total score of 100 points [11][20]. 3. Key Assumptions of Risks - The report does not provide specific details on risks but acknowledges the potential challenges in the implementation of ESG-related policies and the uncertainties surrounding global climate risks [3][21].