关于印发《〈企业可持续披露准则——基本准则（试行）〉应用指南》的通知财会〔2025〕21号

Core Viewpoint - The article discusses the issuance of the "Application Guidelines for the Basic Standards of Corporate Sustainability Disclosure (Trial)" which aims to provide a framework for companies to disclose sustainability-related information effectively and transparently [2][3]. Group 1: Value Chain - Companies must consider their value chain when conducting sustainability information disclosure, as risks, opportunities, and impacts arise not only from their operations but also from upstream and downstream activities [4]. - The guidelines allow companies to determine the scope of their value chain based on the principle of proportionality, focusing on information that is reasonably expected to affect their development prospects [5]. - Companies are required to reassess the scope of sustainability risks, opportunities, and impacts in their value chain when significant events or changes occur [6]. Group 2: Information Relevance - Companies should pay attention to the relationship between sustainability information and financial statement information, including both quantitative and narrative aspects [7]. - The guidelines emphasize the need for companies to establish logical links between sustainability information and other disclosures to reflect overall performance and long-term value creation [8]. Group 3: Users of Sustainability Information - Investors and creditors are identified as primary users of sustainability information, which aids them in making resource-related decisions [9]. - Other stakeholders, including government entities and business partners, also require sustainability information to assess compliance, social contributions, and environmental impacts [10]. Group 4: Materiality Assessment - The guidelines stipulate that sustainability information disclosure must adhere to the principle of materiality, which is essential for identifying and disclosing sustainability risks, opportunities, and impacts [11]. - The materiality assessment process involves determining a preliminary list of issues, evaluating the significance of sustainability risks and opportunities, and compiling a sustainability report based on these assessments [12][13]. Group 5: Proportionality Principle - The guidelines state that sustainability disclosures should comply with the proportionality principle, which requires companies to use reasonable and evidence-based information without incurring excessive costs [34]. - Companies should adopt methods that align with their skills, capabilities, and resources when preparing information on the expected financial impacts of sustainability risks and opportunities [38]. Group 6: Financial Impacts of Sustainability Risks and Opportunities - Companies are required to disclose the current and expected financial impacts of sustainability risks and opportunities on their financial condition, operating results, and cash flows [39]. - The guidelines specify that companies must analyze and disclose significant risks related to adjustments in asset and liability values due to sustainability factors [40]. Group 7: Resilience of Strategy and Business Model - Companies must disclose how their strategies and business models are resilient to sustainability risks, including the use of scenario analysis to evaluate potential impacts [45]. - The scenario analysis process involves identifying risks, defining scenarios, assessing financial impacts, and reporting results to adjust operational and financial assumptions [46][47]. Group 8: Disclosure of Sustainability Impact Information - Companies are required to disclose significant sustainability impact information that is not covered by the core elements of the guidelines, focusing on the actual or potential economic, social, and environmental impacts of their activities [51]. - The guidelines highlight the importance of understanding how corporate activities contribute to or detract from sustainable development [52].