Core Insights - The article discusses the author's extensive experience in executive management, particularly in the insurance and reinsurance sectors, as well as knowledge in climate change and ESG [1] Group 1 - The author has 36 years of experience in executive management, focusing on insurance/reinsurance and global markets [1] - The author holds an honours degree in economics and politics, emphasizing economic development [1] - The author invests personally, indicating a vested interest in the financial markets [1]

2025 年 1 月 20 日，商道融绿与中国责任投资论坛联合发布《中国责任投资十大趋势 2026》，为市场各方把握责任投资与绿色金融发展方向提供参考。商道 融绿作为国内领先的 ESG 专业机构，其数据登陆彭博终端，也是多项国际绿色金融准则的参与方；中国责任投资论坛则是推广 ESG 理念的重要国际交流平 台，长期开展行业交流与研究成果发布工作。 2026 年作为 "十五五" 开局之年，成为中国责任投资发展的关键节点，十大趋势围绕政策导向、金融产品、减排要求、风险管控、信息披露、国际发展、新 兴领域风险等维度展开。政策层面，金融 "五篇大文章" 协同推进成为核心，绿色金融与普惠、数字金融等融合创新，助力绿色贷款保持两位数增长。金融 产品端，挂钩型产品持续增长，转型金融标准在多行业落地，但第三方评估认证成为防范 "漂绿" 的关键。 减排工作迎来全面升级，中国更新国家自主贡献承诺，减排覆盖全经济范围和全部温室气体类型，碳市场持续扩容，有序转型成为国内外共识，政策将兼顾 稳增长与减碳需求。气候风险管控愈发重要，极端天气被纳入金融机构压力测试框架，电力、农业等气候敏感型行业的物理风险评估成为金融机构风控重 点。 信息披 ...

Core Insights - MSCI's retention rates improve when clients utilize multiple products, with upselling and enhanced account management being key strategies for increasing client stickiness [1] - The company experienced strong fourth-quarter performance, driven by asset managers and specific product areas like Private Capital Solutions [2][3] - MSCI's historical growth includes a 13% revenue CAGR, 15% adjusted EBITDA CAGR, and 16% adjusted EPS CAGR since its IPO, with recent quarterly growth rates of 11% in revenue and 14% in operating income [3] Product and Market Dynamics - MSCI is positioned as a critical provider of benchmarks and analytics, with increasing demand driven by global savings growth, strategy personalization, and complex risk considerations [4] - The index business shows double-digit growth potential, with a fourth-quarter index subscription run-rate growth of 9.4%, although ESG-related growth has slowed [6] - Demand from the trading ecosystem and wealth firms is increasing, with custom indexing seeing significant acceleration [7] Analytics and Sustainability - Fourth-quarter sales in analytics were stable, with solid double-digit growth in equity analytics, particularly benefiting from hedge fund growth [9] - Demand for sustainability insights is uneven, but growth is noted in areas like physical risk insights and AI-enabled analytics [10] - In private assets, MSCI faces cyclical headwinds but is seeing growth in specific areas, with a recent uptick in Private Capital Solutions growth to 15% [11][12] Technological Advancements - AI is enhancing efficiency and product offerings, with a reported 30%+ improvement in cost per data point in private markets [13] - MSCI generated approximately $10 million in sales from AI-enabled tools in 2025, indicating a focus on integrated portfolio solutions [13] Financial Management and Strategy - MSCI's expense guidance anticipates flat AUM levels in the first half of the year, with a focus on calibrating spending based on market conditions [14] - The company adopts an opportunistic approach to share repurchases and remains selective in M&A, targeting bolt-on deals to enhance capabilities [14] Company Overview - MSCI is a global provider of investment decision support tools, known for its market indexes and analytics, which are essential for asset managers and investment strategies [15] - The company has expanded into ESG research and ratings, providing tools for investors to incorporate sustainability into their investment processes [16]

Group 1 - The core viewpoint of the article is the strategic cooperation between Rongzheng Group and Bohan Finance to enhance their ESG-related services and market competitiveness [1][2] - The collaboration aims to integrate their ESG-related businesses and establish a new consulting company, Rongzheng Bohan Enterprise Management Consulting Co., Ltd [1][2] - This partnership is seen as a proactive response to the increasing demand for specialized ESG services and aims to provide comprehensive ESG solutions to clients [2] Group 2 - The strategic cooperation is expected to improve the overall service system and enhance service capabilities for both companies [2] - The companies will leverage their strengths in client resources, compliance management, and professional services to achieve resource complementarity and collaborative development [2] - Future steps include deepening cooperation and strengthening professional service capabilities to support sustainable development and high-quality growth in the capital market [3]

作为行业可持续发展的引领者，亚太森博在行业内率先加入联合国全球契约组织，并对标SDGs（联合 国可持续发展目标）发布了2030年可持续发展目标，目标围绕循环发展、低碳发展、包容性发展和协同 发展四大方向展开，致力于为造纸行业面临的环境和社会挑战提供可持续解决方案。另外，亚太森博每 年都会发布ESG/可持续发展报告，向利益相关方披露企业在经济、社会、环境、治理等方面的绩效， 共筑可持续发展未来。 本次亚太森博申报的"烟气深度治理及余热暖民一体化项目"，就是企业践行ESG理念的缩影。该项目总 投资3.27亿元，通过在碱炉等设备上探索应用"真空相变换热"专利技术，攻克了行业余热回收难的技术 壁垒。针对回收余热温度低、综合利用效益低的问题，企业积极探索与当地政府、供暖公司进行跨领域 合作，将工厂余热转化为民生供暖资源，有效替代供暖煤炭消耗，每年可减少碳排放38.25万吨，实现 企业、政府、供暖公司、社区居民等多方共同受益。 该项目是中国造纸行业第一个也是最大的节能环保及余热利用一体化项目，入选《2024"美丽中国，我 是行动者"企业气候行动案例集》，生态环境部宣传教育中心在COP29期间集中发布，为全国乃至全球 造纸 ...

Core Viewpoint - Beijing Rural Commercial Bank has been recognized for its outstanding ESG practices, being included in the "2025 China Enterprise ESG 100 Index" for the second consecutive year, highlighting its commitment to green finance and sustainable development [1][2]. Group 1: ESG Recognition - The "2025 China Enterprise ESG 100 Index" was released at the "Third China Brand Image Overseas Communication Forum," selecting the top 100 companies from over 5,000 based on ESG performance [1]. - The evaluation process involved major domestic and international ESG assessment frameworks and was independently verified by the China Quality Certification Center, focusing on environmental performance, social responsibility, and corporate governance [1]. Group 2: Green Finance Practices - Beijing Rural Commercial Bank integrates green development into its business strategy, actively responding to the national "dual carbon" goals and enhancing its green finance product and service system [1]. - The bank's innovative financial product design combines ESG principles with business development, creating a unique green finance service model that meets the financing needs of enterprises undergoing green transformation [1]. Group 3: Future Plans - Looking ahead to 2026, Beijing Rural Commercial Bank plans to deepen the integration of ESG with business development, focusing on key areas such as energy conservation and environmental protection, and launching more innovative financial products [2]. - The bank's green finance innovations are expected to provide valuable insights for the financial industry in supporting ecological protection and addressing climate change, contributing to the green transformation and high-quality development of the economy and society [2].

随着绿色金融市场的快速发展，相关的资讯和数据变得越来越丰富。绿色金融周报从宏观视角和机构绿 色金融实践等角度，关注绿色金融领域的最新前沿动态，追踪绿色金融市场的最新趋势，为绿色金融相 关参与方提供决策依据和参考。 一、重点关注 日前，中华（澳门）金融资产交易股份有限公司与祺鲲科技平台发布"离岸绿色债券直通车"平台。平台 整合MOX澳交所联通境内外资本市场的通道优势与祺鲲科技在ESG数据管理、绿色认证领域的技术积 累，通过"国际认证+数据透明+全程追溯"三位一体的服务模式，为中国绿色企业搭建起通往国际资本 市场的高速路。 21碳中和课题组快评：沪澳联手打造的离岸绿色债券直通车平台，既降低了企业跨境绿色融资的成本与 门槛，也推动了跨境绿色金融标准的互认互通。 1.沪深北交易所发布三项环境议题披露细则 日前，上海、深圳、北京证券交易所正式发布修订后的《上市公司可持续发展报告编制指南》，增 加"污染物排放、能源利用和水资源利用"三项应用指南。三项议题的均采用统一的三章结构：第一章聚 焦风险与机遇评估，第二章明确数据核算方法，第三章则列出信息披露要点。《指南》并未新增强制性 披露要求，其定位更偏向于提供可操作模板。 2 ...

- The report does not contain any quantitative models or factors related to quantitative analysis[1][2][3]

Core Viewpoint - WuXi Biologics has been awarded the Platinum Medal by EcoVadis for the third consecutive year, recognizing its strong performance in sustainability and ESG practices [1][2]. Group 1: Sustainability Achievements - WuXi Biologics is ranked in the top 1% of over 150,000 companies evaluated globally, reflecting its robust ESG policies and performance outcomes validated by external stakeholders [2]. - The company has set near-term and net-zero GHG emissions reduction targets approved by the Science Based Targets initiative (SBTi), positioning it as a leader in the industry [3]. - WuXi Biologics launched a Green CRDMO White Paper detailing its green innovation technologies and showcasing significant carbon reductions achieved through its operations [4]. - The company has achieved ISO 20400 Sustainable Procurement certification, promoting sustainability principles in procurement practices [5]. Group 2: Leadership and Commitment - Dr. Chris Chen, CEO of WuXi Biologics, emphasized the company's commitment to advancing sustainability capabilities and enabling partners to meet their ESG goals [6]. - The achievement of the EcoVadis Platinum Medal reinforces global clients' confidence in WuXi Biologics' reliability and commitment to sustainability and compliance standards [7]. - WuXi Biologics actively participates in initiatives like the United Nations Global Compact and has received numerous recognitions, including an MSCI AAA Rating and inclusion in the Dow Jones Sustainability Indices [8]. Group 3: Company Overview - WuXi Biologics is a leading global Contract Research, Development and Manufacturing Organization (CRDMO) providing end-to-end solutions for biologics [9]. - The company employs over 12,000 skilled professionals across multiple countries and supports 945 integrated client projects, including 74 in Phase III and 25 in commercial manufacturing as of December 31, 2025 [10]. - WuXi Biologics integrates ESG responsibilities into its business strategy and aims to be a leader in the biologics CRDMO sector, utilizing next-generation biomanufacturing technologies [11].

Core Insights - The article compares two ETFs: the State Street SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) and the iShares Core MSCI Emerging Markets ETF (IEMG), highlighting their differing approaches to global equity exposure and climate alignment [2][9]. Cost & Size Comparison - NZAC has an expense ratio of 0.12% and assets under management (AUM) of $177.97 million, while IEMG has a lower expense ratio of 0.09% and significantly larger AUM of $137.65 billion [3][4]. - The one-year return for NZAC is 15.54%, compared to IEMG's 37.83%, and the dividend yield for NZAC is 1.89%, while IEMG offers 2.51% [3][4]. Performance & Risk Metrics - Over five years, NZAC has a maximum drawdown of -28.29%, while IEMG has a higher drawdown of -37.16%. The growth of $1,000 over five years is $1,440 for NZAC and $1,073 for IEMG [5]. Holdings and Sector Exposure - IEMG holds 2,707 emerging-market stocks, primarily in the tech sector (23%), followed by financials (16%) and industrials (12%), with major holdings including Taiwan Semiconductor Manufacturing, Samsung Electronics, and Tencent Holdings [6]. - NZAC targets companies that meet climate-aligned criteria, holding 729 stocks with a significant focus on technology (32%), financial services (16%), and industrials (10%). Key holdings include Nvidia, Apple, and Microsoft [7]. Investor Implications - IEMG demonstrates superior performance across various metrics compared to NZAC, but NZAC's focus on sustainability may appeal to investors as global climate initiatives progress [9]. - NZAC's lower international exposure may be advantageous for U.S. investors who prefer less volatility associated with foreign assets [10][11].