Core Viewpoint - Immediate action is required for a sustainable future, as emphasized by Adriana Lobo from the World Resources Institute during the COP30 event in China [1] Group 1: Climate Action Progress - The latest "2025 Climate Action Report" indicates that current global climate actions are insufficient to meet the emission reduction targets set by the Paris Agreement by 2030 [2] - There is a significant challenge in climate financing, with a need to achieve an annual financing goal of $1.3 trillion, particularly for developing countries [2] Group 2: China's Role in Green Transformation - China has made substantial progress by setting a comprehensive 2035 Nationally Determined Contribution (NDC) target, covering the entire economy [3] - The shift towards green finance in China is seen as a catalyst for economic transformation, positioning the country as a leader in climate change response and sustainable development [3][6] - China's initiatives, such as the CCICED and the Belt and Road Initiative, are fostering new international cooperation models that combine technology from developed countries with resources from developing nations [3] Group 3: Sustainable Trade Initiatives - Recent collaborations between China and Brazil in sustainable trade, particularly in beef and soybean procurement, are highlighted as win-win strategies that improve standards and reduce carbon emissions in supply chains [5] Group 4: Economic Growth and Climate Action - Climate action is not seen as contradictory to economic growth; rather, it promotes smarter growth strategies, with China being one of the countries that understands this balance well [6] - The event at COP30 emphasized the importance of collective efforts in climate action, where every participant plays a crucial role [6]

几内亚总统府办公厅主任部长、西芒杜战略委员会主席吉巴·迪亚基特在仪式上表示："我们共同见证西 芒杜项目首批铁矿石的装运出口，这是几内亚人民期盼数十年的历史性时刻。对此，我们向所有参与这 项非凡项目的各方人士、合作伙伴、员工及社区成员致以最诚挚的谢意。几内亚政府将根据西芒杜2040 计划，构建可持续发展伙伴关系，促使自然资源成为推动国家可持续发展的引擎。" 作为股东方代表，宝武资源董事长施兵在仪式致辞中表示，未来，宝武资源将与几内亚政府、当地社区 及合作伙伴、各界朋友一道，共筑包容共享、可持续发展的合作生态，用高品质铁矿，推动全球钢铁产 业低碳转型，并携手中国大市场，助力几内亚经济繁荣发展，不断提升几内亚人民福祉和社会活力。 资料显示，西芒杜铁矿项目是包含矿山、铁路和港口的全产业链建设开发项目。项目矿山已探明储量44 亿吨，平均全铁品位65%以上，建成后总产能可达1.2亿吨/年；项目铁路横贯几内亚全国，主线铁路长 552公里，支线铁路长74公里，具备每年2.2亿吨的运输能力；项目港口由多方共同建设，设计矿石年吞 吐量超过1.2亿吨。 当地时间11月11日，西芒杜项目投产启动仪式在几内亚马瑞巴亚港举行。几内亚总统 ...

Core Insights - Inner Mongolia Yili Industrial Group emphasizes quality as a core principle, implementing a "three-line standard" quality system that enhances national standards by 50% for management and an additional 20% for internal control [3] - The company has introduced innovative low-carbon products, such as the "Classic Zero Carbon Organic Milk," which is certified by China and the EU, and aims to reduce carbon emissions by 20% compared to conventional farms [3] - Yili's sustainable practices, including the use of sustainable forest-certified materials in packaging, are designed to strengthen brand trust and expand market share among younger consumers [3] Group 1 - Yili has established a comprehensive quality assurance system to safeguard product quality and supply chain safety [3] - Each dairy cow is equipped with an electronic ID for health traceability, and transportation is monitored 24/7 with satellite tracking [3] - The company is committed to supporting China's "3060" carbon neutrality goal through innovation and responsible practices [3]

Core Insights - E Ink, a global leader in electronic paper technology, has achieved LEED v4.1 Gold certification for its headquarters in Hsinchu, Taiwan, and its twin buildings FABVI & FABVII in Yangzhou, China, demonstrating a commitment to sustainable building practices [1][3]. Group 1: Sustainability Initiatives - The company is expanding its manufacturing capacity in response to increasing demand for electronic paper, reserving nearly 80,000 ping (approximately 264,000 square meters) for future operations, which is more than double its current production area [3]. - The Hsinchu headquarters, which began construction at the end of 2021 and is set to be completed by the end of 2024, is designed with energy efficiency and resource optimization as core goals, aligning with global net-zero carbon trends [3][4]. - The building incorporates high-efficiency design elements, including a central chilled water air conditioning system and smart lighting controls, achieving an overall energy savings rate of 26% [4]. Group 2: Water and Waste Management - The headquarters features a rainwater recycling system for irrigation, significantly reducing water consumption, and the lighting system adjusts based on natural light levels to enhance energy efficiency [4]. - During construction, the company adhered to green building principles, achieving a waste reuse rate of 75% for construction waste [4]. Group 3: Technological Integration - The headquarters utilizes energy-efficient electronic paper technology, enhancing meeting management with an electronic paper notebook reservation system and displaying real-time parking information on electronic paper billboards [5]. - The Yangzhou facility also received LEED certification, featuring high-insulation wall panels and low-emission glass, along with an energy monitoring platform that saves approximately 4.77 million kWh annually, equivalent to a reduction of 2,797 tons of carbon emissions [5][6]. Group 4: Renewable Energy and Local Sourcing - The Yangzhou plant has a self-sufficient solar power system with a capacity of 9.9 MW, generating about 11.8 million kWh of green electricity annually, which reduces carbon emissions by approximately 6,910 tons [6]. - The facility's construction phase achieved over 40% reduction in waste compared to LEED benchmarks, with a recycling rate of 82.1% for construction waste, and all major materials were sourced from nearby suppliers to minimize transportation emissions [6].

Group Overview - 9M25 total revenue was US$6,017.4 million[11], with athletic/outdoor shoes accounting for 55% and Pou Sheng contributing 29.7%[10] - 2024 revenue reached US$8,182 million, profit attributable to owners was US$393 million, and dividend per share was HK$1.30[13] - Shoe volume increased by 17% to 255 million pairs in 2024, while ASP decreased by 5.1% to US$20.25[13] - The company is committed to reducing emissions by 46.2% by 2030 compared to 2019[23] Financial Performance (9M25 vs 9M24) - Group revenue decreased by 1% to US$6,017.4 million[42, 53] - Manufacturing revenue increased by 2.3% to US$4,231.7 million[42, 65] - Retail revenue (Pou Sheng) decreased by 7.7% to RMB 12,903 million[42] - Profit attributable to owners decreased by 16% to US$278.7 million[42, 53] - Manufacturing profit attributable to owners decreased by 12.6% to US$263.9 million[42, 65] - Retail profit attributable to owners decreased by 50.1% to RMB 171 million[42] Manufacturing Business - Shoe volume increased by 1.3% YoY to 189.4 million pairs[40, 49] - ASP increased by 3.2% YoY to US$20.88 per pair[40] - Manufacturing gross profit margin was 18.3%, a decrease of 1.3 percentage points[40, 65] - Manufacturing operating profit margin was 6.6%, a decrease of 1.3 percentage points[40, 65] Retail Business (Pou Sheng) - Online contribution reached a historical high, accounting for 33% of total sales[98] - Number of direct operated stores decreased by 3.5% YoY[109]

Core Viewpoint - The European Union's new environmental legislation aligns with the company's "one body, two wings" strategic layout, positively impacting its future operations [1] Group 1: Air Pollution Control - The company has achieved international leading standards in low-temperature SCR denitration catalyst technology, applicable across over 20 industries including steel, coking, and building materials [1] - The company's self-developed Tx-1 carbon capture absorbent exhibits 20-300 times higher antioxidant capacity compared to competitors [1] Group 2: Carbon Capture Utilization and Storage (CCUS) - The innovative TXio carbon capture process enhances carbon capture efficiency to over 90%, with energy consumption reduced to 2.0-2.2 GJ/tCO2, successfully applied in a 10,000-ton marine installation [1] Group 3: Sodium-Ion Battery - The company's sodium-ion batteries maintain nearly 90% capacity at -40°C, suitable for European household energy storage applications [1] - The production of sodium-ion batteries requires no cobalt and minimal nickel, leveraging abundant and easily extractable sodium resources, offering significant low-carbon advantages over lithium-ion batteries [1] - Due to their low cost and high safety, sodium-ion batteries are ideal for large-scale energy storage systems, effectively storing intermittent energy sources like wind and solar, thus greatly promoting decarbonization of the power system [1] Group 4: Future Outlook - The company will continue to monitor EU environmental policy developments, leveraging its technological advantages and market positioning to actively seize policy benefits and expand related business [1]

Core Insights - The 30th Conference of the Parties (COP30) to the United Nations Framework Convention on Climate Change opened in Belem, Brazil, on November 10, 2023, where the "China Sustainable Development Report (2025)" was released [1][2] - The report indicates that China's national sustainable development composite index has steadily increased over nine years since 2016, with a cumulative growth of 47.7% and annual growth rates exceeding 5% in multiple years [1] - The report also evaluates the sustainable development performance of 30 provinces, regions, and cities in China, showing positive results across the board [1] Summary by Sections Report Overview - The "China Sustainable Development Report (2025)" was co-authored by the China International Economic Exchange Center, Columbia University's Earth Institute, JD Logistics Group, and Philips (China) Investment Co., Ltd. [1][2] - The report has been published annually for eight years and has been presented at the UN climate conference for three consecutive years [2] Evaluation Results - The report presents the 2025 national, provincial, and city-level sustainable development evaluation results, utilizing a comprehensive indicator system known as the China Sustainable Development Indicator System (CSDIS) [2] - The evaluation covers economic development, social welfare, ecological environment, and governance protection, all of which have shown upward trends [1]

Core Viewpoint - The China International Import Expo (CIIE) serves as a platform for showcasing new development patterns and high-level openness, providing unprecedented opportunities for Henkel's Consumer Brands Division in China [1] Group 1: Product Launch and Market Strategy - Henkel's Consumer Brands Division showcased multiple new products at the CIIE, demonstrating strong innovation capabilities and commitment to the Chinese market [3][4] - The Shiseido Professional Hair Care "Miracle Protection Essence Spray" made its debut in China, having been a top seller in Japan for years, highlighting the division's strategy to leverage international success in local markets [3][5] - The collaboration with the Shanghai Drug Administration significantly shortened the product registration process to just 2 working days, reducing costs and enabling quicker market responses [4] Group 2: Innovation and Consumer Insights - Continuous innovation is emphasized as a core driver for the company's growth, with a focus on understanding domestic consumer needs [8] - The new Schwarzkopf Professional series launched in August targets high-end hair care needs, reflecting the division's comprehensive product strategy [8] - The division aims to resonate emotionally with consumers, moving beyond mere product offerings to create deeper connections [8] Group 3: Sustainability and Local Manufacturing - Henkel's Consumer Brands Division integrates circular economy principles into its operations, aiming for a 75% recyclable packaging rate by the end of 2024 [10] - The use of 50% recycled PET plastic in new product packaging demonstrates a commitment to reducing reliance on virgin materials [10] - The acquisition of the Suzhou Bock factory enhances local production capabilities and customization for the Chinese market, aligning with the company's strategy of "In China, for China" [11] Group 4: Industry Empowerment and Ecosystem Development - The division is focused on empowering the beauty industry through talent development and transforming distributor roles from traditional buyers to trendsetters [14][15] - Plans to re-establish the "Sassoon Hair Academy" in China aim to cultivate professionals with international perspectives [14] - The division's commitment to supporting hairstylists reflects its broader vision of enhancing the entire beauty ecosystem [15]

Core Viewpoint - The visit of the International Olympic Committee President to Mengniu Group highlights the integration of sports and nutrition, as well as sustainable development initiatives in the dairy industry [1][7]. Group 1: Environmental Initiatives - Mengniu has been recognized for its impressive achievements in desertification control in the Ulan Buh Desert, with the planting of 98 million desert plants and greening over 220 square kilometers [11]. - The company launched the "Sand Sea Dream" ecological protection plan, aiming to complete 10 million square meters of windbreaks and enhance the ecological diversity and stability of the Ulan Buh region over the next five years [5]. - Mengniu's efforts in ecological restoration are integrated with industrial development, creating an organic dairy industry chain that aligns with the concept of "green mountains and clear waters are invaluable assets" [12]. Group 2: Corporate Responsibility and Future Plans - As the first Olympic global partner in the dairy industry, Mengniu is committed to promoting Olympic values and integrating desert management with industrial development [9]. - The company plans to continue its role as a TOP partner, contributing to sustainable development efforts and the advancement of global sports [9]. - Mengniu aims to accelerate its layout in basic nutrition, functional nutrition, and medical nutrition, supporting China's health-first development strategy [16]. Group 3: Global Representation - During the 2024 Paris Olympics, Mengniu showcased its desert management achievements by creating a 140-square-meter desert oasis leisure area at the beach volleyball venue under the Eiffel Tower [13]. - The company's green practices exemplify the responsibility of Chinese enterprises in addressing global environmental challenges [16].

会上，中国国际经济交流中心和哥伦比亚大学地球研究院共同发布了2025年度中国国家可持续发展综合 指数，以及各省(区、市)、主要城市可持续发展评价结果。报告指出，自2016年开始评价以来，中国国 家可持续发展综合指数连续9年稳步增长，累计增幅达到47.7%，多个年份增速在5%以上，其中经济发 展、社会民生、生态环境和治理保护四个分项指数保持上升态势。中国30个省(区、市)的可持续发展均 取得了积极成效。此外，该报告还比较分析了丹麦哥本哈根、加拿大温哥华、韩国首尔、印度孟买、巴 西里约热内卢、秘鲁利马、肯尼亚内罗毕等国际城市的可持续发展成效与实践成果。 《中国可持续发展报告(2025)》主编、中国国际经济交流中心科研信息部副部长刘向东研究员，《中国 可持续发展报告(2025)》主编、哥伦比亚大学郭栋教授，分别发布2025年度中国国家、省级和城市的可 持续发展评价结果。哥伦比亚大学可持续发展管理硕士项目副主任石天傑(Satyajit Bose)教授、京东集团 副总裁王颖分别围绕中国可持续发展与海洋经济等议题发表主题演讲。 《中国可持续发展报告》蓝皮书已连续八年向社会发布，并连续三年在联合国气候大会中国角发布。该 报 ...