自2021年10月份我国离岸人民币地方债首发以来，地方债"走出去"在持续发力。据《证券日报》记者不 完全统计，今年以来截至目前，已有多地在香港特别行政区、澳门特别行政区成功发行离岸人民币地方 债，发行规模已达到125亿元。 投资者认购踊跃 9月23日，"深圳财政"微信公众号发布消息称，日前深圳市政府在香港特别行政区成功发行2025年离岸 人民币地方政府债券。这是深圳市连续第五年安排地方政府债券在香港簿记发行、登记托管并挂牌上 市，持续推进粤港澳大湾区金融市场互联互通。本次发行债券规模为40亿元人民币，发行期限为2年 期、5年期、10年期，发行利率逐年下降。 除在香港连续发债外，深圳在今年9月9日还首次在澳门特别行政区成功发行10亿元离岸人民币地方政府 债券。 另据了解，广东、海南两地今年也已成功发行离岸人民币地方债。其中，8月26日，广东省政府在澳门 成功发行25亿元离岸人民币地方债，是广东连续第5年安排地方政府债券在澳门本地簿记发行、登记托 管并上市交易；9月12日，海南省2025年离岸人民币地方政府债券在香港完成簿记定价并发行，发行规 模50亿元人民币。 在明明看来，离岸人民币地方债的资金投向，不仅涵盖了 ...

中经记者 曹驰 何莎莎 北京报道 9月23—24日，由《中国经营报》主办的"绿色引领 重塑未来——2025中国企业可持续发展行动大会"在 北京举行。 2025年是"绿水青山就是金山银山"理论提出20周年，在习近平生态文明思想的指引下，聚焦保护生态环 境，践行绿色发展的强大共识和坚定行动自觉，我国生态文明建设取得了举世瞩目的成就。20年来，中 国企业将可持续发展融入到经营管理和价值塑造的全过程，也取得了不凡的成果。 新时期，在包括"双碳"目标和高质量发展的顶层设计之下，在新一轮科技革命和产业变革的浪潮当中， 企业该如何更广泛地聚焦可持续发展，更深入地实现可持续发展的实践，是考验企业智慧的重大议题。 本次大会上，来自产界、业界、学界和媒体界的多位专家和企业家，围绕实现经济增长与生态保护的协 同增效，推动资源密集型行业向绿色、安全、高效方向转型等话题展开探讨，共同书写中国企业可持续 发展的新篇章。 统一股份总经理、统一石化CEO李嘉表示，要想降碳，能源管理体系必须够精准，单位产值的能源消耗 持续在降，碳才能降。单位产值的能源消耗持续在降，运营成本就将大幅降低。 中关村建投公司副总经理、中发展智源公司董事长许昊指出， ...

证券日报网讯 深圳能源（000027）9月25日在互动平台回答投资者提问时表示，公司高度重视市值管理 工作，通过多种方式加强市值管理，包括：一、聚焦主营业务的经营发展，持续加强精益化管理，不断 提升经营业绩；二、规范做好信息披露工作，在深交所信披管理考核中取得较好的成绩，同时深入践行 ESG理念，连续第三年主动编制并披露可持续发展报告，入选"中国ESG上市公司大湾区先锋50 （2025）""大湾区国企ESG发展指数（2025）"等榜单；三、积极做好投资者关系管理工作，通过业绩 说明会、投资者交流日、接听投资者热线电话、回复互动易平台问题咨询等方式，与投资者积极互动交 流，提高交流质量，增进投资者对公司的了解；四、重视股东合理投资回报，上市至今已累计30年、连 续24年进行现金分红，累计现金分红金额达到了124.97亿元，平均现金分红比率为34.39%。 ...

Core Viewpoint - The article discusses the impact of Arc'teryx's fireworks event on its parent company Amer Sports and its major shareholder Anta Group, highlighting the failures in environmental governance and corporate governance that led to a significant drop in stock prices for both companies [2][4][5]. Summary by Sections Company Governance - The fireworks event caused a nearly 5% drop in Amer Sports' stock price and a 7.28% drop in Anta's stock price, resulting in a market value loss of nearly 10 billion [2]. - The incident reflects a disconnect between Amer Sports' brand image of sustainability and its actual practices, potentially affecting consumer purchasing intentions and leading to a significant decline in stock prices [4][5]. Financial Performance - Anta's financial performance is heavily reliant on Amer Sports, which has become a crucial profit driver since Anta acquired a 57.95% stake in Amer Sports for €4.6 billion in 2019 [5]. - In 2024, Anta reported a revenue of 70.83 billion, a year-on-year increase of 13.6%, and a net profit margin increase to 22% from 16.4% the previous year [5]. - However, excluding profits from Amer Sports, Anta's net profit attributable to shareholders was only 11.73 billion, a modest increase of 7.1% [5]. Consumer Trust - The fireworks incident has led to calls for boycotts and returns, undermining Amer Sports' market foundation in China, which is its largest growth engine [5][6]. - The event highlights a broader issue of governance gaps in international operations, as the lack of a unified crisis communication mechanism between regional teams and the parent company has eroded investor trust [6]. ESG and Greenwashing - The article discusses the concept of "greenwashing," where companies create a facade of environmental responsibility without genuine action [7][9]. - Despite Amer Sports' claims of assessing its environmental impact, the fireworks event suggests a failure to evaluate the environmental damage and public backlash adequately [10]. - Anta has made strides in ESG governance, achieving an MSCI ESG rating upgrade from "BB" to "A," but the recent incident raises questions about the effectiveness of these efforts [9][10]. Recommendations for Improvement - To regain consumer trust, companies must align their actions with their stated values, ensuring that environmental considerations are integrated into decision-making processes [11][12]. - Engaging with environmental NGOs, expanding ESG risk assessments, and fostering consumer dialogue are suggested strategies for improving governance and restoring trust [12].

Core Viewpoint - The incident involving Arc'teryx's fireworks display has significantly impacted its parent company Amer Sports and its major shareholder Anta Group, leading to a notable decline in stock prices and market value, raising concerns about environmental governance and corporate responsibility [1][2][3]. Group 1: Financial Impact - Amer Sports' stock price dropped approximately 5% following the incident, while Anta Group's stock fell by as much as 7.28%, resulting in a market value loss of nearly 10 billion yuan [1]. - Anta's financial performance is heavily reliant on Amer Sports, which has become a crucial profit driver for the group, contributing significantly to its overall revenue and profit margins [4][3]. - In 2024, Anta reported a revenue of 70.83 billion yuan, a year-on-year increase of 13.6%, with a net profit margin rising to 22% from 16.4% the previous year [4]. Group 2: Brand Trust and Consumer Sentiment - The fireworks incident has led to a collapse of consumer trust, as Arc'teryx has long been perceived as a premium outdoor brand committed to sustainability, and this event contradicts its core values [2][5]. - Social media backlash has prompted calls for boycotts and returns, threatening Arc'teryx's market position in China, which is a key growth engine for Amer Sports [4][5]. - The incident highlights a disconnect between the brand's proclaimed values and its actions, potentially undermining consumer loyalty and the high-price model [4][11]. Group 3: Governance and ESG Concerns - The incident reveals significant governance gaps in the international operations of the company, particularly in crisis communication and internal management [5][6]. - There is a lack of consistent messaging and accountability between the brand's domestic and international teams, which can erode investor confidence [5][6]. - The concept of "greenwashing" is raised, indicating that the company's marketing efforts may not align with actual environmental practices, leading to skepticism about its sustainability claims [6][7]. Group 4: Recommendations for Recovery - To regain consumer and investor trust, the company should engage with environmental NGOs, enhance ESG risk assessments, and actively seek consumer feedback [9][10]. - Transparency and alignment of actions with stated values are crucial for rebuilding trust, as consumers increasingly prioritize brands that reflect their own values [11][10].

记者注意到，吉利以"自然受益"为导向，通过无废设计、无废制造、无废供应链和无废循环四大方面，构建了行业领先的"全链条无废管理模 式"。截至目前，吉利汽车集团已有12家工厂获评国家级绿色工厂，其中11家更被认定为"无废工厂"，规模与质量均居行业前列。 "与此同时，在制造端，我们亦秉持汽车制造的核心功能，以维护区域生态平衡为重要方向，持续关注与周边自然生态的和谐共生。我们致力 于将工厂打造为'自然受益型工厂'，不仅开展了自然受益专项评价，还建立了一套完善的管理办法。现如今，在新建工厂时，我们会重点考量 如何与周边环境、社区实现和谐共处。例如，我们在贵阳打造工厂时，特意保留了生活区原有的小山与小河；为实现这一目标，我们将原本设 计为六层的宿舍楼适当加高，从而完整保留了园区内的自然山水，真正实现了与生态的和谐共存。"俞绍华进一步说道。 俞绍华称，在供应端，吉利也将绿色可持续理念全面融入产品设计，持续加大可循环、可再生材料的开发与应用力度，不断提升循环材料使用 比例，推进汽车轻量化技术的进步。 "以某款车型为例，我们为循环钢、循环铝、循环塑料设定了明确使用比例，目前已达成要求。"俞绍华称，"我们在供应端深化绿色供应链管 ...

统一石CEO化李嘉 中经记者 石健 北京报道 2025年9月23日，《中国经营报》主办的"绿色引领 重塑未来——2025中国企业可持续发展行动大会"在 北京举办。 统一股份（600506.SH）总经理、统一石油化工有限公司（以下简称"统一"）CEO李嘉在《ESG实践助 推企业高质量发展成就一个"都喜欢"未来》主题演讲中表示："ESG、低碳与业务战略并不是几件事， 而是一件事。统一通过5年实践，成功将低碳转型转化为企业增长新动能。" 其中，在ESG中的"E"环境方面，统一成为国内首批同时获得ISO 14064温室气体核查和ISO 14067产品 碳足迹双认证企业，所有厂区实现废气、废水、固废100%达标排放，创新性采用废油再精炼技术，实 现了资源高效利用和废气排放大幅降低。 对于穿越"痛苦曲线"，势必需要过硬的产品支撑。李嘉表示，统一将每一桶润滑油都算"树"。"欧洲环 境署数据显示，1棵成年树木每年可以吸收并储存22千克二氧化碳，假设我们每年销售1吨统一高压液压 油，那么1年下来可以减少1422千克的碳排放，换算下来，相当于种植64.6棵树木。" 值得注意的是，统一也着眼大数据业务，以期实现板块增长。作为数据中 ...

实践案例 文/华夏ESG观察联盟 企业介绍 联想集团是一家全球化企业，2024/25财年全年收入达4985亿元人民币，服务遍布全球180个市场数以百 万计的客户。联想构建从口袋到云端的计算能力，现已拥有包括人工智能赋能、人工智能导向和人工智 能优化的终端、基础设施、软件、解决方案和服务在内的完整产品路线图，包括个人电脑、工作站、智 能手机、平板电脑等终端产品，数据中心、存储、边缘计算、高性能计算以及软件定义等基础设施产 品。联想集团在香港交易所上市（港交所：992）（美国预托证券代号：LNVGY）。 针对处于不同减碳阶段的供应商，联想实施分级管理策略，根据供应商的碳排放管理成熟度、影响力及 实施意愿，提供差异化支持，推动供应链整体气候行动取得实效。该计划目前已推动占采购额96%供应 商设定公开减排目标。 绿色采购方面，联想积极搭建绿电生态联盟，采购碳信用抵消助力产品碳中和认证，以及推行绿色差旅 等举措，在多场景落实减碳行动。2024年，联想在广东开展绿电集采试点，联合4家联想供应商工厂和 联想南方智能制造基地，共采购绿电4600万度绿电，减排约3万吨二氧化碳，并将供应商绿电采购量纳 入供应链绩效考核。 在供应 ...

文/华夏ESG观察联盟 企业介绍 中国工商银行成立于1984年1月1日；2005年10月28日，整体改制为股份有限公司；2006年10月27日，成 功在上交所和香港联交所同日挂牌上市。工商银行向全球超1,205万对公客户和7.40亿个人客户提供金融 产品和金融服务。 实践案例 工商银行与国家战略同频，以财富向善浇灌时代热土： 1、创新慈善模式，依托私人银行客户"慈善账户"，创新"工银i豆"助力模式，组织开展"君子伙伴•青山 行动"，通过线上线下一体化运营，以低门槛、广参与度的形式，鼓励客户通过"工银i豆"助力三江源生 态林建设。 2、保护绿水青山，通过慈善信托综合顾问服务，先后支持野生动物救助、公益生态林建设等项目，助 力三江源生态保护，以公益慈善力量呵护"中华水塔"。 3、支持普惠兴农，支持乡村振兴领头雁计划，助力培养一批乡村振兴企业家，合计两期项目共惠及超4 万"新农人"，为乡村人才振兴提供专业赋能，有效扩大金融服务乡村振兴的深度和影响力。 4、强化扶危济困，持续支持四川帮扶四县的学校基础设施建设，改善当地儿童就学条件；向甘肃积石 山地震、华北特大洪涝受灾地区捐赠客户善款，第一时间打通救灾绿色通道，惠及数 ...

Company Overview - Yihai Kerry Golden Dragon Fish employs over 35,000 people and operates 83 production bases across the country, with more than 100 manufacturing enterprises. The company is involved in various sectors including oilseed crushing, oil refining, oil filling, specialty oils, oil technology, rice circular economy, corn, wheat, soybean processing, and its extended industrial chain, food raw materials, grain and oil technology research and development, central kitchens, and health products [1] - The company owns well-known brands such as "Golden Dragon Fish," "Olivier," "Hujihua," "Xiangmanyuan," "Golden Dragon Fish Fengyitang," "Haihuang," "Jinwei," "Fengyuan," "Ruilong," and "Jiejing 100," establishing a comprehensive marketing network covering retail, catering, and food industry channels. Its product range includes cooking oils, rice, flour, noodles, seasonings, specialty oils, food raw materials, feed ingredients like soybean meal, bran, and rice bran, as well as basic and derivative chemical products from oils, nutritional products, and daily chemical products [1] Social Responsibility Initiatives - The "Golden Dragon Fish Prosthetic Walking" project is a targeted poverty alleviation initiative launched by Yihai Kerry Golden Dragon Fish in collaboration with the Golden Dragon Fish Foundation and Shanghai Prosthetic Factory. The project provides financial support and aims to help impoverished disabled individuals by providing prosthetics and follow-up services [2] - Over the past ten years, the project has invested over 20 million yuan, assisting more than 2,600 disabled individuals in regaining mobility, covering 14 cities including Qinhuangdao, Guigang, Jiamusi, Kunming, Chongqing, Xianyang, Shijiazhuang, and Taizhou [2] - Yihai Kerry Lufeng (Linyi) Packaging Technology Co., a subsidiary, has tailored training programs for disabled employees, facilitating their transition from learning to employment. The company employs 53 disabled workers, accounting for 18.9% of its total workforce, and has implemented high-standard accessibility features throughout its facilities [3] - The company integrates corporate development with social responsibility, creating a "industry assistance + education support" system, and its initiatives attract participation from technical partners and government departments, showcasing the company's commitment to social responsibility [3]