Core Viewpoint - The "Two Mountains" concept has become a driving force for green transformation in China, with China Life Insurance Company integrating this philosophy into its operations and strategies to promote sustainable development and high-quality growth [1][2]. Group 1: Company Actions and Achievements - China Life has achieved an MSCI ESG rating upgrade to A in 2024, with total assets and investment assets exceeding 6.6 trillion yuan, and total premiums surpassing 671.4 billion yuan, demonstrating a balance between growth quality and scale [1]. - The company has developed a comprehensive green finance strategy, including a 2024 Green Finance Work Plan, focusing on enhancing green investment capabilities and integrating green development into its top-level design [2][3]. - China Life has established an ESG risk management framework, emphasizing a systematic approach to identifying, assessing, and controlling ESG risks, thereby providing a replicable governance model for the industry [3]. Group 2: Green Financial Practices - The company is expanding its green insurance offerings to support the green transformation of various industries, providing comprehensive personal insurance solutions for sectors like clean energy and environmental protection [4]. - China Life is committed to achieving carbon neutrality in its investment portfolio by enhancing its green investment management processes and incorporating green standards into its investment strategies [5]. - Notable projects include the "Guoshou Asset - Lancang Project," which involves an investment of 3.6 billion yuan in clean energy initiatives, expected to save 21.76 million tons of standard coal annually and reduce carbon emissions by approximately 36.72 million tons [5]. Group 3: Low-Carbon Operations - China Life emphasizes the importance of green buildings in its low-carbon operations, achieving multiple certifications for its office buildings, which incorporate advanced green technologies and management practices [6]. - The company has implemented digital solutions to enhance operational efficiency and reduce carbon footprints, achieving nearly 100% paperless insurance applications and a 96.7% online claims usage rate [6]. - These initiatives not only improve operational efficiency but also create a healthier and more sustainable working environment for employees and clients [6]. Group 4: Broader Impact and Vision - The "Two Mountains" philosophy has evolved into a guiding principle for high-quality development in China, balancing ecological protection with economic growth [7]. - China Life aims to be a responsible leader in the insurance industry, embedding the "Two Mountains" concept into its corporate identity and striving to contribute to global sustainable development [7]. - The company's actions reflect a commitment to transforming ecological value into financial momentum, showcasing a unique path for ESG practices in China [7].

截至目前，沪市超过1300家公司单独披露2024年度ESG相关报告，披露率达到57%，创历史新高；沪市 绿色债券累计发行8627亿元，成为全球主要绿色债券市场；可持续发展指数跟踪产品共计90只，规模合 计731.92亿元，基于中证A500等"A系列"指数、上证180指数等使用中证ESG评价的宽基指数产品共157 只，规模合计2528.48亿元。随着ESG内涵和外延不断深化和拓展，沪市ESG投融资得到极大促进，助 力中国资本市场全球竞争力进一步提升。 《ESG实践》的发布旨在引导市场参与各方继续积极参与、践行可持续发展理念，上交所也将通过进一 步优化ESG披露标准、推动提高ESG评级水平、丰富绿色金融产品等措施，助力提升企业ESG表现、共 建可持续发展生态，推动"两山"理念在更广范围、更深层次落地见效，助力金融"五篇大文章"建设，更 好地服务经济社会高质量发展。 8月15日，在"绿水青山就是金山银山"理念（以下简称"两山"理念）提出二十年之际，上海证券交易所 （以下简称"上交所"）发布中英文版本《贯彻"两山"理念 沪市ESG实践二十年》（以下简称"《ESG实 践》"），向境内外市场参与者系统介绍沪市二十年来ES ...

8月15日是第三个全国生态日，也是"两山"理念提出二十周年的日子。二十年间，沧桑巨变。目光锁定 浙江安吉：在梅溪镇草荡水库一望无垠的水面上，13.6万块光伏板与成簇鱼群相映成趣。投产8年来， 浙江公司安吉草荡光伏电站累计发出3.7亿千瓦时绿电，助力千亩鱼塘每年产出60万公斤淡水鱼，带动 渔民增收400万元，以生动实践描绘了"绿水青山就是金山银山"的动人画卷。 一座电站折射发展理念，印证绿色蜕变。重组成立十年来，国家电投集团勇作"两山"理念的坚定践行者 和引领者，始终坚持把绿色低碳发展作为履行能源央企生态环保责任的重要使命担当，厚植高质量发展 的绿色底色，提交了一张亮眼成绩单。国家电投集团在98家参与绿色发展评价的中央企业中名列前茅， 全面完成国资委下达的生态环保目标任务，为推动生态文明和美丽中国建设作出积极贡献。 增强发展"含绿量"，守住绿水扮靓青山 守住绿水青山，能源转型是主战场。重组成立十年来，国家电投集团深入推进绿色低碳高质量发展，将 清洁能源作为装机增量主体，培育清洁能源产业高增长、高比例、高质量、规模化发展优势，为经济社 会发展全面绿色转型注入绿色动能。 一组数据勾勒绿色发展图景：十年来，国家电投集 ...

Core Viewpoint - The article highlights the increasing involvement of young people in environmental actions, particularly through initiatives led by Meituan, aimed at reducing plastic waste from the food delivery industry and promoting sustainable practices [1][2]. Group 1: Environmental Initiatives - Meituan's "Good Cup Rebirth" initiative, launched in April 2025, aims to create a green and low-carbon demonstration system covering the entire lifecycle of disposable beverage cups [1][7]. - The "Green Mountain Plan" initiated by Meituan in 2017 has led to significant achievements, including over 10 billion orders using the "no utensils" feature and the recovery of approximately 37,000 tons of plastic takeout boxes [2][3]. - The plan also includes a 5 billion yuan public welfare fund to support young researchers in environmental science, focusing on breakthroughs in recycling and reuse [2][9]. Group 2: Plastic Waste Statistics - In 2023, China's consumption of polypropylene (PP) takeout boxes reached approximately 1.35 million tons, a 26% increase from 2020, with a recycling rate of about 40% [3]. - The recycling of PP takeout boxes has increased from 250,000 tons in 2020 to 400,000 tons in 2023, marking a 60% growth [3]. Group 3: Challenges and Solutions - Challenges in the green packaging sector include poor performance, high costs, and insufficient market recognition, which Meituan's Green Mountain Plan aims to address through innovation and supply chain support [4]. - The "Box Fusion" initiative launched in 2023 focuses on large-scale recycling of plastic takeout boxes, with projects established in 24 cities across 20 provinces, resulting in a carbon reduction of 57,000 tons [6][8]. Group 4: Technological Innovations - Meituan has collaborated with various brands to create over ten products from recycled takeout boxes, demonstrating the potential of turning waste into valuable resources [8]. - The Green Mountain Plan emphasizes the importance of technology in promoting sustainable practices and has funded numerous projects aimed at green innovation and recycling [9].

来源：上海证券报·中国证券网 上证报中国证券网讯 据上海证券交易所消息，2025年8月15日，在"绿水青山就是金山银山"理念（以下 简称"两山"理念）提出二十年之际，上海证券交易所（以下简称上交所）发布中英文版本《贯彻"两 山"理念 沪市ESG实践二十年》（以下简称《ESG实践》），向境内外市场参与者系统介绍沪市二十年 来ESG实践探索的阶段性进展。 在中国证监会的统筹指导下，上交所积极贯彻"两山"理念，充分发挥资本市场枢纽功能和平台作用，以 ESG作为核心发力点，通过加大制度供给、创新金融工具、提升服务质效等方式，引导上市公司、投资 者等各类市场主体将更多资源投向绿色低碳转型和承担社会责任领域，推动实现绿水青山和金山银山的 双向转化。 在"两山"理念提出二十年之际，《ESG实践》全面回顾沪市ESG二十年的实践发展，通过梳理沪市ESG 大事记、收录代表性案例、总结市场建设成果等方式，力图呈现沪市ESG实践视角下，"两山"理念对资 本市场的深刻影响。一是时间线完整覆盖。《ESG实践》以"大事记"形式，梳理政策脉络，勾勒发展轨 迹，展现沪市ESG实践所经历的萌芽起步、探索发展和深化提升三个阶段，系统记录政策破冰、 ...

近日，由中建八局承建的安吉"两山"未来科技城文化艺术中心举办开幕演出。该项目坐落于浙江省湖州 市安吉县，总建筑面积约11.8万平方米，包含综合大剧院、高端会议中心、文化馆等6个功能区，是浙 江省"千项万亿"重大工程、契合"两山"理念的精神文化地标，也是弘扬和传播本地生态文化根源的国际 艺术殿堂。 本建筑以"竹叶茶田"为灵感源泉，融合自然意象与现代建筑语汇，是集文化、艺术、休闲于一体的城市 综合性地标。 项目内含1300座大剧院，以"国内一流、区域顶尖"为标准，采用BIM技术提前进行深化建模，让舞台机 械、机电系统、建筑结构三者相辅相成。经典的"品"字型舞台布局构成空间磁场，舞台灯光与声学系统 默契协作，兼顾先进性与通用性，可承载歌剧、话剧等多元艺术形式。剧院主舞台区域屋面钢桁架及舞 台二次结构采用分级提升工法，共设置多个提升点，配合全自动液压系统，实现一次性整体提升。 项目底层微抬形成地景建筑，裙房之上是自由漫步的茶田屋面，让建筑与周边竹林、茶山、溪流共同形 成有机整体，创造了一个与自然溪畔相连的景观公园。 （贾欣然 杨坤锋） ...

Core Viewpoint - The "Two Mountains" concept emphasizes the relationship between economic development and ecological protection, serving as a significant development philosophy and a major principle for modern construction [1] Group 1: Green Finance Initiatives - China Life Insurance has actively implemented the "Two Mountains" concept by expanding green finance products and services, contributing to high-quality development and the construction of a beautiful China [1] - In Anji County, the birthplace of the "Two Mountains" concept, China Life's subsidiary, Guangfa Bank, provided a syndicated loan of 200 million yuan for bamboo industry upgrades and carbon sink projects, enhancing insurance services for forestry [2] - Guangfa Bank's green credit balance exceeded 210 billion yuan by June 2025, supporting over 50 carbon reduction projects nationwide [2] - China Life Property Insurance launched marine carbon sink index insurance in Weihai, Shandong, to mitigate risks from environmental changes, promoting a shift from "relying on the sea" to "nurturing the sea" [2] Group 2: Innovative Green Insurance Products - China Life Property Insurance's green insurance offerings provided risk coverage of approximately 8.64 trillion yuan in the first half of 2025, reflecting the growth of green insurance scale [3] - In Shenzhen, China Life's investment in Shenzhen Energy Environmental Co. amounted to 1.5 billion yuan, supporting the transformation of waste incineration plants into energy ecological parks [4] Group 3: Clean Energy Investments - China Life has leveraged its large-scale insurance capital to support investments in clean energy sectors, including hydropower, wind, solar, and nuclear energy [5] - The establishment of the "China Life-Lancang No. 1 Green Equity Investment Plan" and "China Life-Lancang No. 2 Green Equity Investment Plan" involved a strategic investment of 5 billion yuan to enhance hydropower capacity and clean energy investments, potentially reducing carbon emissions by approximately 37 million tons annually [5] Group 4: Financial Support for Transition - Guangfa Bank provided a specialized green finance service plan for a leading glass company in Guangdong, introducing a mechanism linking emission reduction targets with financing costs, thus incentivizing green transformation [6] Group 5: Promoting Green Lifestyle Choices - In Qinghai, China Life Property Insurance introduced a combination of "green car insurance" and "green home insurance," linking car insurance pricing to low-carbon repair commitments [8] - Guangfa Bank launched a comprehensive automotive financial service plan, focusing on new energy vehicle consumption, with auto consumption loans growing over 26% in the first half of 2025 [8] Group 6: Digital Transformation in Green Finance - China Life is integrating digital finance into carbon reduction practices, enhancing customer service through various online platforms, with significant improvements in claims processing efficiency [9]

在中国的绿色发展进程中，"绿水青山就是金山银山"理念已走过二十年。从浙江安吉余村出发，"两 山"理念让曾经的矿山村蝶变为生态文明的样板，走向了全国、走向了世界。来自摩洛哥的留学生阿雅 第一次踏入余村，她发现了哪些"金山银山"的秘密？曾经的矿山村如何变成如今的生态样板？中国的生 态文明建设带给她怎样的感受？让我们跟着阿雅，一起走近"绿水青山"的故事。 编者按： "我是老外，但不见外！"在中国，有这样一群"不见外"的老外——他们吃中餐、说中文、读古诗、打太 极，活脱脱"洋面孔"的中国人。邂逅中国产生的独特情缘，让他们深深爱上了中国。环球网"环聚一 堂"工作室推出"邂逅中国 爱上中国"——老外不见外系列短视频栏目，讲述"不见外"的老外的生动故 事，以外国人视角真实展现经济腾飞、社会巨变、绿水青山的新时代中国。今日，本网播发第十九期短 视频：《摩洛哥留学生阿雅：触摸"两山"理念的绿色心跳》。 ...

1 t 300 first 736 GR FUTURE DIMAGE CARDE STILL LEASE an L DITIETY . And 13 11 11 I H TV r e an 8月15日是全国生态日。2005年的这一天，"绿水青山就是金山银山"理念提出，引领祖国大地发生绿色蝶变。二十载岁月悠悠，从余村的率先垂范，一场波 澜壮阔的生态文明建设变革在华夏大地全面铺展，绘就出一幅雄浑壮丽的生态画卷。 在"两山"理念的指引下，我国生态环境改善成果斐然：2024年，全国地级及以上城市细颗粒物（PM2.5）平均浓度为29.3微克/立方米，成为全球空气质量改 善速度最快的国家；地表水优良水质断面比例从64.1%提高到90.4%，长江干流连续5年、黄河干流连续3年全线水质稳定保持Ⅱ类；近岸海域水质优良比例 达到83.7%……详实的数据，扎实的作为，标注出令人欣喜的成绩，彰显着我国在生态文明建设道路上的坚定步伐。 治沙英雄几十余载如一日，扎根大漠深处，以坚韧不拔之志，实现了从"沙进人退"到"绿进沙退"的伟大转变；蓝天保卫战中，无数攻坚者迎难而上，驱散雾 霾，实现了蓝天常驻的美好愿景；塞罕坝的开拓者们，以"咬定青山 ...

Core Viewpoint - The article emphasizes the successful implementation of the "Two Mountains" concept in Zhejiang, which integrates ecological protection with high-quality economic development, resulting in significant improvements in both environmental quality and economic performance over the past 20 years [1][2][3]. Economic Development - Zhejiang's GDP has increased from 1.15 trillion yuan in 2004 to over 9 trillion yuan in 2024, showcasing a robust economic growth trajectory [1]. - The province has seen a 15.2% year-on-year increase in high-tech industry investment, reaching 198 billion yuan in the first half of the year [5]. - The value added of strategic emerging industries has grown by 9.8% [5]. Ecological Protection - The proportion of good water quality in provincial-controlled surface water has improved from 41.9% to 98.6% over 20 years [3]. - The average PM2.5 concentration in cities has decreased from 61 micrograms per cubic meter in 2013 to 26.1 micrograms per cubic meter currently [3]. - Total nitrogen and phosphorus concentrations in 23 national-controlled rivers have decreased by 16.7% and 36.2%, respectively, compared to 2020 [2]. Technological Innovation - The use of technology in ecological governance is highlighted, such as the deployment of particle quantum radar for real-time air quality monitoring [2]. - Zhejiang has invested over 700 billion yuan in circular economy initiatives across 83 provincial parks during the "14th Five-Year Plan" period [4]. Green Development - The province is transitioning to a green economy, with significant investments in recycling industries, including the processing of 40,000 tons of waste textiles annually, which reduces carbon emissions by 72,000 tons [4]. - By 2024, renewable energy's share in total installed capacity is expected to reach 46.4%, surpassing traditional coal power for the first time [6]. Social Impact - The income ratio between urban and rural residents has improved from 2.45 to 1.83, indicating a more balanced economic development [7]. - The local economy in areas like Lishui has benefited from ecological tourism and sustainable practices, with forestry output reaching 9.01 billion yuan in 2024, a 34.2% increase from 2022 [6][8]. Urban and Rural Development - Urban areas have seen improvements in green spaces, with initiatives like the Qiantang River Greenway enhancing public access to nature [9]. - Rural areas are focusing on environmental restoration and sustainable agriculture, leading to increased economic value from water resources [8].