三七互娱（002555）(002555.SZ)处罚落地：核心高管"全军覆没"，合计被罚超3225万元 12月5日，三七互娱公告称，公司及相关责任人李卫伟、曾开天、胡宇航、杨军、叶威、吴卫红收到中 国证监会下发的《行政处罚决定书》。从上市公司，到董事长、副董事长、副总经理、董秘、财务总 监，一张处罚单，公司核心高管全部被罚，合计被罚超3255万。 经查明，三七互娱存在以下违法事实：2014年至2020年年报披露的股东持股情况存在虚假记载；2018年 年度报告未披露收购江苏极光股权事项为关联交易，存在重大遗漏；2020年间接收购广州三七股权事项 为关联交易，2020年12月7日披露的临时公告虚假记载、2020年年度报告存在重大遗漏；2018年至2021 年年报未披露与海南力源等公司发生的关联交易，存在重大遗漏。对三七互娱责令改正，给予警告，并 处以900万元罚款；对李卫伟给予警告，并处以1400万元罚款；对杨军给予警告，并处以350万元罚款； 对曾开天给予警告，并处以350万元罚款；对叶威给予警告，并处以150万元罚款；对胡宇航给予警告， 并处以80万元罚款；对吴卫红给予警告，并处以25万元罚款。 造纸企业又现E ...

智通财经APP获悉，在股东就收购泰克资源(TECK.US)进行表决的前一天，英美资源集团宣布撤销一项 高管激励计划决议。 这家股东咨询机构指出，"在英国市场，将薪酬与并购交易直接挂钩的做法并不被视为合规的市场惯 例"。 上月，英美资源薪酬委员会曾提出，应将2024年与2025年的长期激励奖金与泰克收购案挂钩。该激励计 划原本的考核指标涵盖股东回报率、现金流、资本回报率及环境、社会与治理(ESG)表现。根据原方 案，至少62.5%的激励份额将在收购完成后立即生效。 Legal & General同样对该激励调整持反对态度，称此类"追溯性调整机制及交易奖金保底条款"，违背了 该金融服务集团的薪酬政策原则。不过该机构同时表示，仍会对收购交易投赞成票。 英美资源于周一表示，鉴于部分股东对此提出异议，公司已决定撤回该项决议，并强调收购交易的推进 不以该决议获得批准为前提条件。 英美资源与泰克资源的双方股东，将于周二分别在伦敦和温哥华召开的特别股东大会上，就这项合并交 易进行投票表决。交易完成后，将诞生一家市值超500亿美元的跨国金属生产商，业务覆盖铜、铁矿石 及其他多种金属品类。 值得注意的是，Institutiona ...

Core Insights - The "Blue Book" on China's Ecological Protection Red Line has been officially released, indicating stable internal spatial structure and ongoing optimization since its establishment [1][5][6] Group 1: Ecological Improvements - The area of forest land within the red line has increased by 3,344 square kilometers, and water area has increased by 320 square kilometers [6] - Urban construction land within the red line has decreased by 6.5 square kilometers, and mining land has decreased by 5.6 square kilometers [6] - Marine ecological protection areas have seen a significant reduction in sea area usage, with a decrease of 873 square kilometers compared to 2022, representing a reduction of over 35% [6] Group 2: Ecosystem Quality Enhancements - Average vegetation coverage within the red line has improved by 1.29%, and net primary productivity has increased by 2.22% [2][6] - Forest coverage and forest stock have both seen growth, while grassland vegetation coverage remains stable [2] - Key marine ecosystems such as mangroves, coral reefs, and seagrass beds have shown quality improvements, with mangrove area increasing by 22% and live coral coverage rising by an average of 5.5% [2][6] Group 3: Management and Challenges - The management capacity for ecological protection has improved through a collaborative control mechanism and an integrated monitoring network [2][7] - Challenges remain, including an increase in non-ecological land use and the impact of climate change on ecosystem quality [3][7] - Recommendations include developing a more precise and collaborative management system for ecological protection and enhancing supervision of land use planning [3][7]

Group 1 - The core viewpoint of the report highlights that the pure ESG strategy achieved an excess return of 5.01% in November 2025, indicating strong performance in the ESG investment space [1] - The ESG screening strategy (CSI 300) reported a total return of -0.4% for the latest month, with a relative total return of 2%, a maximum gain of 2%, and a maximum loss of -3% [3][6] - The ESG sentiment integration strategy (CSI 300) achieved a total return of 1% for the latest month, with a relative total return of 3%, a maximum gain of 2%, and a maximum loss of -1% [7][10] Group 2 - The market performance in November showed that the pure ESG strategy, ESG & SOE strategy, and pure SOE strategy all generated excess returns, with the pure ESG strategy yielding the highest returns [12] - As of December 1, 2025, the cumulative return for the ESG & SOE strategy was 93.93%, while the pure SOE strategy had a cumulative return of 75.30%, and the pure ESG strategy reached 101.42% [12] - The average daily trading volume for the CSI 300 was 19,145 billion CNY, indicating an increase compared to previous values [17] Group 3 - The valuation situation shows that the PE ratio for the CSI 300 is at a high level, with a PE ratio of 21.85, while the SOE PE ratio is 10.36 and the national enterprise PE ratio is 10.17 [17] - The average daily trading volume for SOEs was 657 billion CNY, reflecting an increase from previous periods [17] - The national carbon market saw an increase in both transaction volume and price, with the closing price for carbon emission allowances at 59.65 CNY/ton as of December 1, 2025 [23]

证券研究报告 | 金融工程 2025 年 12 月 8 日 中法深化气候合作，国际 ESG 标准与监管加速落地 ——ESG 市场观察周报（20251207） 1、要闻速览：中法深化气候合作，国内外 ESG 监管持续细化 国内动态方面，中法两国发表联合声明，将在应对气候变化、生物多样性保 护、可再生能源及核电等多领域深化协作，共同支持全球治理机制；工信部部署"十 五五"工业绿色低碳规划，强调加快零碳工厂建设及技术装备升级；国家发改委发布 新版基础设施 REITs 行业清单，将租赁住房、消费基础设施、清洁能源及储能等多 个领域纳入发行范围，进一步拓宽绿色资产盘活渠道。 国际动态方面，纽约市审计长建议撤出对贝莱德等三家资管机构的委托，称其 脱碳计划未达城市养老金要求；欧洲财务报告咨询组织发布简化版 ESRS，大幅降 低企业信息披露负担；英国金融行为监管局拟出台 ESG 评级新规，提升评级透明度 和可靠性；英国广告标准局叫停耐克等品牌涉"环保"误导广告；国际机构 PCAF 发 布新版融资排放核算标准，完善金融机构碳排放计量框架。 2、市场动向：ESG 指数表现分化，绿色转型资金短期承压 本周国内 ESG 指数走势分化 ...

Core Insights - Sidetrade has achieved significant recognition for its ESG performance, receiving a Gold Medal from EthiFinance with a score of 79/100 and a Silver Medal from EcoVadis with a score of 70/100, placing it among the top 15% globally [1][3]. Group 1: ESG Ratings and Performance - Sidetrade's score from EthiFinance improved from 62/100 in 2023 to 73/100 in 2024, and then to 79/100 in 2025, indicating a consistent upward trajectory in ESG performance [1]. - EcoVadis rated Sidetrade in the "Advanced" category, significantly above industry norms where most companies score between 45 and 60/100 [3]. Group 2: Areas of Strength - EthiFinance highlighted Sidetrade's strong performance in human rights, diversity and inclusion, responsible procurement, and transparency in extra-financial reporting [2]. - EcoVadis recognized Sidetrade's advanced management systems in labor and human rights, ethics, and sustainable procurement, reporting no findings in third-party risk and compliance databases [4]. Group 3: Company Overview - Sidetrade is an AI company focused on enhancing enterprise cash flow, utilizing its agentic AI, Aimie, which has been trained on over $7.7 trillion in B2B transactions [6]. - The company operates in 85 countries and employs 450 people across Europe, North America, and Asia-Pacific [6].

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 从睦邻友好到命运与共，共绘黄金产业的"同心圆" 在全球黄金产业链中矿山的开采从不是孤立的工业行为 它改变着土地，影响着人群，也塑造着一代人的生活方式。 正因如此，世界黄金协会在2019年推出《负责任黄金开采原则》（RGMPs） 从环境保护、社会责任到治理机制，为全球矿企ESG实践提供系统指引。 让我们一同探索黄金矿企从矿区运营到社区共建的进阶之路 责任，不止于开采 共建才是可持续发展的关键 本期我们聚焦"矿区与社区"主题 探索黄金开采企业如何与当地社区携手，实现共同发展 矿山的运营，绝非孤立的工业活动 它与周边社区的繁荣、稳定与未来息息相关 如何从"开采者"转变为"共建者"？ 01 | 开采前：从倾听开始的共建 一座矿山的开采，不该在沉默中启动矿山运营绝非孤立工业活动，与社区繁荣、稳定与未来息息相关。 图注：安革金公司（AngloGold Ashanti）与驻地原住民面对面交流，共同讨论社区权利、利益与文化传统 在加纳阿散蒂地区，安革金公司（AngloGold Ashanti）与长老、农户和青年面对面交流，理解土地的文 化意义，回应社区的顾虑。 ...

Core Insights - ING Group acknowledges the announcement from the European Banking Authority (EBA) and the European Central Bank (ECB) regarding the 2025 EU-wide Transparency Exercise [1] - The EBA Board of Supervisors approved the package for the EU-wide Transparency Exercise, which has been conducted annually since 2016 and is published alongside the Risk Assessment Report (RAR) [2] - Results for ING Group are available on the EBA website, ensuring transparency and accessibility for market participants [2] Summary of Transparency Exercise - The annual transparency exercise is based solely on COREP/FINREP data to provide sufficient information to market participants [2] - Templates for the exercise were filled in by the EBA and verified by banks and supervisors, allowing banks to correct errors and resubmit data [3] Company Profile - ING is a global financial institution with a strong European base, offering banking services through ING Bank, which operates in over 100 countries with more than 60,000 employees [6] - ING Group shares are listed on the Amsterdam, Brussels, and New York Stock Exchanges [6] Sustainability Efforts - ING aims to integrate sustainability into its operations, with an upgraded ESG rating from MSCI from 'AA' to 'AAA' in October 2025 [7] - As of June 2025, ING's management of ESG material risk is rated as 'Strong' by Sustainalytics, with a low ESG risk rating of 18.0 [7]

12月4日，2025第八届中国能源产业发展年会在北京举行。年会以"构建新型电力体系 建设能源强国"为 主题。本届年会由中国能源报、中国能源研究会主办，G20青年企业家联盟中国总部联合主办，中央和 国家机关有关部门负责同志、外国驻华使节、地方政府主管部门代表、中外企业负责人和专家学者等参 加论坛。 会议期间，由中国能源报、G20青年企业家联盟中国总部、苏州工业园区城市发展研究院、中国能源经 济研究院联合发起的ESG能源青年企业家创新TOP30正式发布。国际能源领域青年ESG创新标杆揭晓， 旨在发掘并推广青年企业家在能源领域的ESG典型实践，以榜样力量推动更多企业践行绿色低碳可持续 发展，助力全球气候治理与能源转型升级。 当前全球碳中和以及能源转型加速推进的背景下，ESG已成为衡量企业社会责任和可持续发展能力的重 要标准，一批兼具创新精神与社会责任感的青年企业家正迅速崛起。据苏州工业园区城市发展研究院副 院长李文杰介绍，经过推荐、选拔、专家评审等环节，从创新性、实效性、示范性、影响力等多维度综 合评审，最终有30家创新案例入围。"这不仅展示了年轻一代能源企业家在技术革新与可持续发展方面 的卓越成就，更为全球能源转 ...

Core Viewpoint - The article highlights the significant role of Master Kong in promoting sustainable development within the food and beverage industry, showcasing its achievements and leadership in ESG practices during the UNGC's 25th anniversary event in Beijing [1][3][14]. Group 1: Event Overview - The UNGC's 25th anniversary event took place on December 1-2, 2025, in Beijing, featuring notable speakers including UN officials and industry leaders [1]. - Master Kong was recognized as a benchmark enterprise for sustainable development in China's food and beverage sector, being included in the inaugural "25 Chain Leader Alliance Excellent Case Collection" [3][10]. Group 2: Master Kong's ESG Initiatives - Master Kong's CEO, Chen Yingrang, participated in a leadership roundtable to discuss ESG strategy integration and sustainable growth [6]. - The company has established a "dual-driven" ESG capability system, focusing on top-level design and internal motivation to encourage employee innovation in ESG practices [8]. - Master Kong's ESG initiatives have reportedly generated over 100 million yuan in profit annually through cost-saving measures and environmental efforts [8]. Group 3: Recognition and Impact - UNGC's representative, Liu Meng, praised Master Kong as an ESG benchmark for Chinese enterprises, highlighting its innovative cross-sector collaboration [5]. - The company has been recognized for its "Economic-ESG" model, which reframes sustainability as a core growth driver rather than an additional cost [10][12]. - Master Kong's practices in supply chain management and collaboration with industry leaders have been commended for creating quantifiable economic benefits while addressing environmental and social responsibilities [12]. Group 4: Future Directions - Master Kong aims to deepen its collaboration with UNGC and continue exploring sustainable development solutions that create value and promote ecological growth [14]. - The company plans to maintain its commitment to the UNGC's ten principles and further develop its "Economic-ESG" model in partnership with global stakeholders [14].