本报记者 李未来 北京报道 舒玉莹：这一转向本质是从"能源物理量管控"转向"温室气体精准治理"，管理目标从"能源使用量"的投 入端，精准指向"温室气体排放量"的产出端。 这对传统高耗能行业会带来一定压力，但传统高载能先进技术产业会迎来机遇。如钢铁、水泥、化工等 高度依赖化石能源、碳排放强度高的行业，产业和工艺路线将面临前所未有的"碳约束"压力。新建项目 需同步满足节能与碳排放双评价，现有产能需加快低碳技术改造（如钢铁行业氢能冶金、水泥行业燃料 替代），倒逼企业从"规模扩张"转向"质量提升"。数据中心、高端半导体、绿氢制备等行业将迎来新的 战略机遇。只要其能源消费能够与清洁电力、绿证挂钩，实现近零碳排放，其发展空间将不再受能耗总 量的硬性约束。 另外，新兴产业将获得增长，如新能源、碳管理服务等，将迎来爆发式增长。碳排放核算、碳足迹认 证、CCUS等服务需求激增，绿电、储能等新能源产业将获得更大市场空间，能碳融合的数字技术具有 巨大发展潜力。同时这有利于建立绿色产业链国际优势。在产业链协同中，供应链碳足迹管理常态化， 链主企业带动产业链上下游，倒逼产业链整体脱碳。产品碳足迹将成为新的"绿色通行证"，率先实现低 碳 ...

作为国家低碳试点城市和长三角重要生态屏障，衢州长期面临产业结构偏重与生态保护的双重压力，如 何在保障经济发展的同时实现低碳转型，成为亟待破解的课题。2020年我国"双碳"目标明确后，衢州跳 出传统减排思路，借鉴银行账户管理理念，在全国首创覆盖工业、农业、能源、建筑、交通、居民生活 和林业碳汇七大领域的碳账户体系，用数字化手段破解了"碳底数不清、减排成效难量化"的全球共性难 题。"原来看不见的碳排放，变得像银行账户中的存款一样可记、可查、可管控。"衢州市发改委副主任 刘红飞说。 本报讯 （记者 方利军 郑菁菁 通讯员 高琼） 12月23日，《衢州市碳账户建设和应用条例》（以下简称 《条例》）经浙江省十四届人大常委会第二十一次会议批准，将于2026年5月1日起正式施行。这是全国 首部聚焦碳账户体系建设的专项法规，标志着我国碳管理领域迎来"法治化+数字化"融合创新的重要突 破。 中国法学会行政法学研究会理事、浙江大学立法研究院常务副院长余军表示，衢州在全国率先将碳账户 体系建设纳入法治框架，为我国"双碳"法治体系建设贡献了地方智慧和制度创新。 （来源：衢州日报） 转自：衢州日报 ...

It has been about a month since the last earnings report for California Resources Corporation (CRC) . Shares have added about 3.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is California Resources due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts.Key Highlights•    Tot ...

Core Viewpoint - The rapid improvement in ESG ratings of leading Chinese footwear companies like Anta and Xtep indicates a significant shift in the industry towards sustainability, driven by rising consumer awareness, stricter capital market ESG sensitivities, and global supply chain green requirements [2][3]. Group 1: ESG Ratings and Progress - Anta's 2024 ESG report reveals that sustainable products account for over 30% of its offerings, with direct greenhouse gas emissions (Scope 1) decreasing by 11.1% year-on-year, and its MSCI ESG rating improving to "A" over two years [2]. - Xtep has also achieved an MSCI ESG rating upgrade to "A," becoming the first company in China's sports goods industry to reach this level, reflecting its commitment to sustainable development [2]. - The footwear industry, traditionally seen as resource-intensive, is undergoing a redefinition as companies prioritize ESG initiatives [2]. Group 2: Challenges and Disparities - Not all brands are progressing at the same pace; while leading brands show measurable advancements in goals, actions, and disclosures, smaller brands and supply chain segments still exhibit significant shortcomings [3]. - The overall quality of industry disclosures remains an area for improvement, with many companies primarily focusing on Scope 1 and 2 emissions rather than comprehensive reporting [4][5]. Group 3: Environmental Issues and Management - Environmental issues are critical for footwear companies, particularly in areas like raw material sourcing, dyeing, and logistics, which fall under Scope 3 emissions [5]. - Anta reported a total Scope 3 emission of 1,598,627 tons of CO2 equivalent for 2024, while Scope 1 and 2 emissions were 7,580 tons and 239,352 tons, respectively [5]. - Anta aims for a 42% absolute reduction in Scope 1 and 2 emissions by 2030 and a 51.6% intensity reduction in key categories of Scope 3 emissions [6]. Group 4: Innovations and Product Development - Companies like Li Ning are innovating with recycled materials, achieving a reduction of 2,283 tons of carbon emissions through the use of recycled polyester in 2024 [12]. - Xtep's new shoe lines incorporate eco-friendly materials, reducing carbon emissions by 11.6 to 13.1 grams per pair [12]. - The use of low-carbon natural fibers and sustainable materials is becoming a competitive edge for brands, with examples like Tianhong Group adopting Carbon Zero Tencel [13]. Group 5: Future Directions and Industry Outlook - The footwear industry is a major contributor to global carbon emissions, making carbon footprint management essential for survival and competitiveness [11]. - Leading companies are transitioning from compliance-driven carbon management to proactive strategic choices, enhancing transparency and setting ambitious goals [14]. - The challenge remains for the broader Chinese footwear industry to leverage the breakthroughs of leading firms to establish a comprehensive competitive advantage in sustainability [14].

Financial Performance - In the first three quarters of 2025, the company achieved a revenue of RMB 48,146,709,129.40, with a gross margin of 14.39% and a net profit attributable to the parent company of RMB 2,584,374,593.56, resulting in a basic earnings per share of RMB 0.5969 and a weighted average return on equity of 6.67% [2][3] - As of September 30, 2025, the company's debt-to-asset ratio was 73.11%, with interest-bearing liabilities totaling RMB 49.809 billion, accounting for 41% of total liabilities [2][3] Cash Flow and Assets - As of September 30, 2025, cash and cash equivalents represented 5.65% of total assets, while the net cash flow from operating activities for the first nine months of 2025 was a net outflow of RMB 633 million [2][3] Carbon Management - The company has made progress in carbon management, with total greenhouse gas emissions (Scope 1 and Scope 2) verified by a third-party certification company amounting to 198,773.81 tons of CO2 equivalent for 2024, and market-based emissions totaling 18,459.33 tons of CO2 equivalent [4] - The company has developed the "Goldwind Carbon Account Platform" to efficiently and accurately collect carbon emission data, allowing real-time monitoring of emission dynamics and distribution [4] Safety Measures - The company emphasizes inherent safety in its wind turbine products by employing design and engineering techniques to eliminate or minimize potential hazards, alongside conducting safety training for R&D and safety management personnel [4] - Safety assessments are integrated into the product development process, ensuring that safety management personnel participate from the design phase to reduce accident rates [4]

Core Insights - The core viewpoint of the articles is that Fisher & Paykel has introduced a new carbon management metric, "carbon emission intensity per appliance," which aims to provide a clear and quantifiable path for sustainable development in the home appliance industry [1][6]. Group 1: Carbon Emission Structure - Fisher & Paykel conducted a comprehensive assessment of its carbon emission sources, identifying that over 99% of emissions come from upstream activities, with 89.2% occurring during the product usage phase [3]. - The traditional total emission metrics are influenced by business scale fluctuations, making it difficult to accurately reflect carbon management effectiveness, prompting the shift to "unit product carbon intensity" [3]. Group 2: Emission Reduction Goals - The company has set ambitious targets to reduce carbon emission intensity by 50% by 2030 and by 90% by 2050, using 2020 as the baseline, covering all three major carbon emission sources [3][5]. - This approach avoids the pitfall of total emissions decreasing while unit efficiency stagnates [3]. Group 3: Carbon Impact Strategy - Fisher & Paykel has developed a carbon impact strategy centered around five pillars, focusing on high-return emission reduction areas, including operational efficiency optimization, energy-efficient product development, consumer guidance towards low-carbon models, technology advancement, and building a home energy ecosystem [5]. - Since 2020, the company has achieved a balance between economic growth and carbon reduction, with total appliance sales increasing by 11% while absolute carbon emissions decreased by 13%, resulting in a 21% reduction in carbon emission intensity per appliance [5]. Group 4: Industry Leadership - By embedding sustainable development into its corporate DNA and establishing the "carbon emission intensity per appliance" metric, Fisher & Paykel sets a new benchmark for carbon management in the industry, potentially leading the entire supply chain towards a more precise and transparent path to carbon neutrality [6].

Core Insights - The company reported a revenue of 6.016 billion yuan for the first half of 2025, representing a year-on-year growth of 12.79%, and a net profit of 966 million yuan, up 21.01% year-on-year [1][2] Group 1: Financial Performance - The company achieved a revenue of 60.16 billion yuan in the first half of 2025, marking a 12.79% increase compared to the previous year [1] - The net profit attributable to the parent company was 9.66 billion yuan, reflecting a 21.01% year-on-year growth [1] Group 2: ESG Initiatives - The company established a carbon management task force to enhance environmental governance and carbon emission management, aiming for a 50% reduction in carbon emission intensity by 2035 based on 2023 levels [1] - The company participated in the CDP questionnaire for the first time, achieving a management-level rating of B, indicating strong governance in environmental information management [1] - The uCT780X CT device received ISO 14067 product carbon footprint verification, becoming the first large medical equipment in China to achieve this certification, showcasing the company's commitment to "green manufacturing" [1] Group 3: Supply Chain and Compliance - The company strengthened compliance and supply chain governance, successfully onboarding 12 new suppliers who passed evaluations, ensuring a stable and controllable supply chain [2] - All 68 suppliers audited in the annual plan met the company's standards in technology, delivery, quality management, and social environmental responsibility [2] Group 4: Human Resources and Incentives - The company launched a restricted stock incentive plan in June 2025, granting 4.47 million shares at 94.92 yuan per share to 1,368 employees, aligning the interests of shareholders, the company, and key employees [2] Group 5: ESG Ratings - The company's MSCI ESG rating improved to A, and it ranked among the top 15 in the global medical device industry in the S&P Global Sustainability Assessment [2]

Core Viewpoint - Shanghai universities are actively exploring new talent cultivation models through the introduction of micro-specialties, which allow undergraduate students to supplement their major studies with focused, smaller-scale programs [1] Group 1: Micro-Specialties Development - A variety of new micro-specialties have emerged in Shanghai universities, covering fields such as integrated circuits, artificial intelligence, low-altitude economy, and carbon management [1] - East China Normal University has launched 32 micro-specialties since the program's initiation in 2022, encompassing areas like artificial intelligence, integrated circuits, spatial governance, and digital trade [1] Group 2: Educational Reform Impact - The micro-specialty model employs a "dual-track empowerment" approach, which supports academic interdisciplinary potential while anchoring employment opportunities in industry [1] - This initiative helps students in both academic advancement and employment, effectively addressing the issue of professional mismatch in the job market [1]

Core Viewpoint - Companies are facing dual changes in policy and market environments regarding carbon emission management, leading to increased attention from industry experts on the challenges and standards in carbon management [1] Group 1: Policy and Market Influence - The intensity of policy constraints directly affects the progress of corporate carbon management, with raw material industries like metallurgy and petrochemicals being core to national carbon market management [2] - The "1+N" dual carbon policy framework has established specific carbon peak plans for major industrial sectors, emphasizing monitoring, reporting, and verification (MRV) requirements [2] - Market factors, such as external pressures from green trade barriers, are driving companies, especially in the new energy sector, to enhance their carbon management capabilities [3] Group 2: Challenges in Carbon Management - Companies face fragmented systems and increasing compliance burdens due to varying carbon accounting standards across different regions and industries, complicating unified management [5][6] - The lack of economic and suitable carbon management solutions, along with high costs of third-party verification, poses significant challenges for companies [8] - Small and medium-sized enterprises (SMEs) struggle with carbon management due to limited resources, necessitating specialized tools and shared platforms to enhance their capabilities [9] Group 3: Recommendations for Improvement - Experts suggest establishing unified national carbon management regulations and detailed implementation guidelines for specific industries to address existing challenges [7] - There is a need for improved data management and professional governance systems to ensure accurate carbon footprint tracking and effective management [8] - A shared database for carbon emissions tailored to different industries and products could help SMEs reduce management costs and improve their carbon management practices [9]

Core Viewpoint - Companies are facing dual changes in policy and market environments regarding carbon emission management, leading to significant differences in carbon management practices across industries and scales [1][2]. Group 1: Policy and Market Influences - The intensity of policy constraints directly affects the progress of corporate carbon management, with raw material industries like metallurgy, non-ferrous metals, building materials, and petrochemicals being core to national carbon market management [2][3]. - The "1+N" dual carbon policy framework has established specific carbon peak plans for major industrial sectors, emphasizing monitoring, reporting, and verification (MRV) requirements [2]. - Market factors, such as external pressures from green trade barriers like the EU carbon tariff and ESG evaluations, are driving companies, especially in the new energy equipment manufacturing sector, to enhance their carbon management capabilities [3][4]. Group 2: Challenges in Carbon Management - Companies face multiple challenges in carbon emission management, including fragmented systems and increasing compliance burdens due to differing standards across regions and industries [5][6]. - The lack of unified carbon management standards and the need for multiple certifications for export-oriented companies complicate compliance and increase management costs [6][7]. - Data management issues, such as incomplete data collection and low willingness of suppliers to share data, hinder accurate carbon footprint tracking and identification of reduction potential [8][9]. Group 3: Support and Solutions for Companies - There is a need for a unified national carbon management regulation and detailed implementation guidelines at the industry level to address the challenges faced by companies [7]. - Specialized support systems and training programs are essential for effective carbon management, particularly for small and medium-sized enterprises (SMEs) that struggle with resource limitations [8][9]. - Establishing shared platforms and simplified processes for SMEs can enhance their carbon management capabilities and encourage proactive emission reduction efforts [9].