舍得酒业报告里，那些被“系统性静音”的村民

Core Viewpoint - The article discusses the issue of "greenwashing" in the context of Shede Distillery's ESG reports, highlighting the discrepancies between the company's public disclosures and the actual social and environmental impacts of its expansion projects [5][15][19]. Group 1: ESG Reporting and Transparency - Shede Distillery has been accused of "greenwashing" due to its selective disclosure in ESG reports, which fail to address significant issues such as land acquisition disputes arising from its expansion projects [5][7][19]. - The company's ESG reports from 2022 to 2024 have been criticized for only briefly mentioning community issues while focusing on positive achievements and data [8][15]. - The Shanghai Stock Exchange has raised concerns about Shede's declining capacity utilization rates and the significant gap between funding and project progress, questioning the rationale behind large investments amid declining revenues [13][14]. Group 2: Broader ESG Challenges - The article points out that the issue of selective transparency is not unique to Shede Distillery, as many manufacturing companies often highlight positive contributions to employment and community development while neglecting critical data on labor disputes and safety incidents [20]. - The article emphasizes that the social dimension of ESG reporting, particularly regarding labor rights and community relations, is often overlooked, leading to a disconnect between reported data and actual practices [19][20]. - Internationally, regulatory frameworks are evolving to address "greenwashing," with examples from Europe where strict penalties are imposed for misleading ESG claims, contrasting with the current state of ESG regulation in China [22][24]. Group 3: Recommendations for Improvement - To mitigate the risk of "greenwashing," the article suggests that China should implement three key adjustments: clarify the regulatory nature of ESG reports, establish a unified set of indicators and auditing standards, and set minimum disclosure requirements for social dimensions, especially in sensitive areas like land acquisition and labor [25][26]. - The article argues that for ESG to transition from a public relations tool to a reliable market information source, it must be treated as a system rather than a mere concept, requiring transparency in risk disclosure [27][26].