上交所、深交所、北交所，刚刚发布！

Core Viewpoint - The three major stock exchanges in China have initiated a public consultation on the revision of the "Sustainable Development Reporting Guidelines," aiming to enhance the quality of ESG information disclosure among listed companies [1][3][10] Group 1: Purpose and Goals - The revision aims to guide listed companies in actively practicing sustainable development principles and to standardize their ESG information disclosure [3][5] - The updated guidelines will provide clearer and more actionable instructions for companies, particularly benefiting small and medium-sized enterprises that lack experience in ESG disclosures [6][7] Group 2: New Guidelines and Framework - Three new application guidelines have been introduced: "Pollutant Emissions," "Energy Utilization," and "Water Resource Utilization," which complement the previously established overall framework and climate change guidelines [6][7] - The revisions follow principles such as reinforcing conceptual guidance, clarifying disclosure points, providing reference examples without imposing additional mandatory disclosures, and ensuring continuous improvement [7] Group 3: Current Practices and Trends - A significant number of A-share listed companies have made notable progress in sustainable development information disclosure, with over 1,300 companies in the Shanghai Stock Exchange alone publishing separate sustainability reports in 2024, accounting for 57% [9] - The ESG investment ecosystem is expanding, with over 162 index products based on the China Securities ESG evaluation, collectively exceeding 260 billion yuan in scale, indicating a steady flow of long-term capital towards companies committed to sustainable development [9]