"如果日本等发达国家执意扩大化石燃料生产与投资，全球南方国家的能源转型进程或将严重受 挫。"《化石燃料不扩散条约》倡议组织研究政策主管阿米拉·萨瓦斯表示，全球气候治理需要实际行 动，而非敷衍塞责的缓兵之计。日本若持续在能源转型上慢半拍，不仅会损害自身国际信誉，更将拖累 全球气候治理的整体进程。 不久前，在巴西贝伦举行的《联合国气候变化框架公约》第三十次缔约方大会上，日本因在摆脱化石燃 料依赖方面缺乏实质进展，再度被国际环保组织"气候行动网络"授予象征气候治理消极态度的"化石 奖"。长期以来，日本在环保领域以"技术领先""理念成熟"自居，但在全球节能减排浪潮加速、绿色转 型已成共识的当下，日本的实际行动与其塑造的国际形象形成鲜明反差，其气候治理表现持续引发国际 社会质疑。 减排目标缩水，是日本绿色转型滞后的突出表现。日本政府最新修订的《地球温暖化对策计划》提出， 到2035年在2013年基础上减少60%碳排放，到2040年减排73%。然而，国际环保组织"350.org"的测算显 示，这一目标与《巴黎协定》确立的"将全球气温升幅控制在工业化前水平1.5摄氏度以内"的要求相 比，仍存在6个百分点的差距，远不能满足全 ...

早在2004年，南方都市报就发起了"责任中国"专题研究，聚焦企业社会责任的多维表现，致敬企业社会 责任创新案例。20多年来，我们见证了ESG理念在中国从萌芽到蓬勃发展的历程，见证了ESG成为衡量 企业可持续、高质量发展的重要评判标准。将ESG与可持续发展理念融入公司发展战略与经营管理活动 中，持续加强生态环境保护、履行社会责任、健全公司治理，这不仅仅是上市公司的应尽义务，也应成 为所有市场化企业提升公司治理能力、竞争能力、创新能力的参照。 为了进一步推动经济向绿、向善发展，促进企业ESG创新实践，南方都市报"可持续创新实验室"课题组 广泛征集企业在ESG领域的优秀实践案例，聚焦环境、社会、治理领域等12个议题，梳理出《2025 ESG可持续创新趋势洞察报告》，以期给相关行业和企业提供更多有价值的借鉴及观察。 南都"可持续创新实验室"课题组联合上海财经大学富国ESG研究院、妙盈科技组织专业评审委员会，对 提交的案例进行综合评鉴，择优遴选出年度最佳实践、优秀实践案例等。12月16日，南都将举办2025可 持续发展创新生态大会，会上将正式发布《2025 ESG可持续创新趋势洞察报告》，并公布最终入围名 单，同时邀请 ...

（文章来源：每日经济新闻） 宝马方面表示，实现上述目标的核心举措包括：扩大生产及供应链中可再生能源的应用比例、提升再生 原材料利用率、优化使用阶段的能效水平，以及深耕产品与技术创新。此外，公司还将拓展电动化产品 矩阵。 12月8日，《每日经济新闻》记者从宝马集团官方获悉，宝马集团公布了最新的减排目标：到2035年， 公司计划实现较2019年减排至少6000万吨二氧化碳当量。此前，宝马明确提出，到2030年，其全生命周 期的二氧化碳当量排放量较2019年减少至少4000万吨。 ...

12月3日，博汇纸业（证券代码：600966）发布公告称，为调整现有原材料产品结构，提高原料、产品 多样化，公司拟投资17.01亿元扩建化学木浆项目。项目建成后，由原年产9.5万吨化学木浆技改工程扩 建至32万吨产能，增幅高达237%。 公告显示，该项目将采用国际先进的工艺技术和装备，并配置最新的自动化、数字化、智能化装备，覆 盖生产、物流、能源、水环等整个项目。这不仅能保证各项技术经济指标处于领先水平，还可以提高效 率、降低消耗、减少排污，符合"坚持环境保护、节能减排"的规划原则，延伸企业的产业链，实现原 料、产品多样化，项目的实施有利于企业可持续发展。 博汇纸业表示，公司拟投资该项目时，充分考虑了公司自身资金积累、技术水平、市场环境等因素，该 项目充分利用了公司原有落后产能，基于现有的工艺技术优势及经验优势，建成后能够有效提高公司原 材料自供比例，降低公司生产成本，提升公司的核心竞争力与影响力。 业绩方面，博汇纸业2025年前三季度实现营业收入144.50亿元，同比增长3.46%，但归属于上市公司股 东的净利润为1.21亿元，同比下降18.57%。博汇纸业的扩产或与其近年"增收不增利"的财务表现有关。 除 ...

Group 1 - The core business of the company is comprehensive energy services focused on clean heating and high-speed rail digital media advertising [2] - The company has developed multiple patented technologies in the field of heat supply, with a total of 77 authorized patents as of June 30, 2025, including 18 invention patents and 52 utility model patents [2] - The latest financial report for Q3 2025 shows the company achieved a revenue of 2.156 billion yuan, a year-on-year decrease of 6.19%, while net profit increased by 6.88% to 543 million yuan, with a gross margin of 33.30% [2] Group 2 - The company's stock closed at 9.06 yuan on December 4, with a 9.95% increase, resulting in a rolling PE ratio of 29.54, which is the lowest in 11 days [1] - The average PE ratio for the public utility industry is 29.05, with the median at 29.54, placing the company at 13th in the industry ranking [1][3] - As of Q3 2025, there are 7 institutions holding shares in the company, with a total holding of 1.8167 billion shares valued at 16.442 billion yuan [1]

Core Insights - The establishment of Nanchang Hanyu Low Carbon Technology Center (Limited Partnership) indicates a growing focus on low-carbon technologies and sustainable practices in the energy sector [1] Company Overview - Nanchang Hanyu Low Carbon Technology Center is represented by Jiangxi Cooling Energy Investment Co., Ltd. [1] - The registered capital of the company is 100,000 RMB [1] Business Scope - The company is involved in the research and development of efficient energy-saving technologies in the power industry [1] - It also focuses on carbon reduction, carbon transformation, carbon capture, and carbon storage technology development [1] - Additional services include resource recycling consulting, energy management services, and efficient energy-saving technology research in the mining industry [1]

Group 1 - The core business of the company is comprehensive energy services focused on clean heating and high-speed rail digital media advertising [2] - As of December 1, the company's stock closed at 8.44 yuan, with a rolling PE ratio of 27.52 times and a total market capitalization of 19.098 billion yuan [1] - The company ranks 13th in the public utility industry, which has an average PE ratio of 29.51 times and a median of 27.52 times [1][3] Group 2 - For the third quarter of 2025, the company reported a revenue of 2.156 billion yuan, a year-on-year decrease of 6.19%, while net profit increased by 6.88% to 543 million yuan [2] - The company holds 77 authorized patents, including 18 invention patents and 52 utility model patents, with 9 projects under research [2] - The company's proprietary technology in heat network balance and utilization of low-grade thermal energy is at a leading level domestically [2]

Report Summary 1. Investment Rating No investment rating information is provided in the report. 2. Core View The silicon - manganese market shows a situation of weak supply and demand with high inventory. The supply has seen a slight decline recently, and the demand side is affected by the national policy of reducing crude steel production. The market is expected to be in a state of weak supply - demand balance with inventory accumulation. The manganese - silicon main contract is expected to oscillate in the range of 5450 - 5750 [6]. 3. Summary by Directory 3.1 Week - to - Week Summary - **Macro Aspect**: This heating season, the overall energy supply and demand are balanced, and the national unified power plants have sufficient coal storage. South Korea has imposed anti - dumping duties on Chinese steel products. The steel industry has turned from loss to profit from January to October [6]. - **Overseas Aspect**: The US employment market is weak, and the Fed is expected to cut interest rates by 25 basis points in the December 9 - 10 meeting [6]. - **Supply - Demand Aspect**: Inventory has risen rapidly for 8 consecutive weeks, production has declined slightly from a high level. The port inventory of imported manganese ore has increased by 3.3 tons, and the iron - water production has seasonally declined. The spot profit in Inner Mongolia is - 300 yuan/ton, and in Ningxia is - 415 yuan/ton. The final price of Hebei Iron and Steel Group's silicon - manganese in November is 5820 yuan/ton, unchanged from the previous month [6]. - **Technical Aspect**: The weekly K - line of the manganese - silicon main contract is below the 60 - day moving average, showing a bearish trend [6]. - **Strategy Suggestion**: Leading manganese - based enterprises plan to promote 40% energy - saving and emission - reduction in the industry, but the supply has not decreased significantly. The supply and demand are both weak, and inventory is accumulating. The manganese - silicon main contract is expected to oscillate between 5450 - 5750 [6]. 3.2 Futures and Spot Markets - **Futures Market**: As of November 28, the silicon - manganese futures contract open interest was 741,200 lots, a decrease of 10,000 lots from the previous period. The 5 - 1 contract spread was 54, a decrease of 14 points. The manganese - silicon warehouse receipts were 14,758, a decrease of 5579 from the previous period. The spread between the manganese - silicon and ferrosilicon January contracts was 236, an increase of 72 points [12][16]. - **Spot Market**: As of November 28, the Inner Mongolia silicon - manganese spot price was 5450 yuan/ton, an increase of 30 yuan/ton from the previous period. The basis was - 162 yuan/ton, an increase of 24 points [24]. 3.3 Industrial Chain Situation - **Industry**: The operating rate of 187 independent silicon - manganese enterprises was 38.09%, a decrease of 1.04% from the previous week. The daily average output was 27,825 tons, a decrease of 305 tons. The weekly demand for five major steel types of silicon - manganese was 121,727 tons, an increase of 0.26% from the previous week, and the weekly supply was 194,775 tons, a decrease of 1.08% from the previous week. The inventory of 63 independent silicon - manganese enterprises increased by 5000 tons to 368,000 tons [27][33]. - **Upstream**: The electricity price and manganese ore price remained unchanged. As of November 21, the total manganese ore inventory was 4.296 million tons, an increase of 0.77%. The arrival of manganese ore from South Africa, Australia, and Gabon increased, while that from Ghana decreased to 0. The silicon - manganese spot profit remained in a loss state [39][45][48]. - **Downstream**: The daily average iron - water output of 247 steel mills was 2.3468 million tons, a decrease of 16,000 tons from the previous week. The final price of Hebei Iron and Steel Group's silicon - manganese in November was 5800 yuan/ton, unchanged from the previous month [54].

Core Insights - Dongfeng Motor's "Key Technologies and Industrialization for Vehicle Energy Saving and Emission Reduction" project has been recognized as reaching "international advanced" level by experts, showcasing a comprehensive technological breakthrough across the entire vehicle chain from power source to transmission efficiency and vehicle control [1] Group 1: Engine Technology - The M9T hybrid engine, with a displacement of 2.3 liters, has improved overall thermal efficiency from 41.3% to 46.2%, significantly enhancing energy utilization efficiency [3] - The M9T engine can reduce vehicle fuel consumption by 20%-30% per 100 kilometers when applied [3] Group 2: Transmission System - The planetary gear coupling assembly, developed independently by Dongfeng, achieves a transmission efficiency of 91.22%, effectively reducing transmission losses and operating costs [5] - The application of this system can lead to a 2% reduction in fuel consumption per 100 kilometers and a 1% increase in vehicle range [5] Group 3: Vehicle Control Innovations - Dongfeng's 4.5T hybrid light truck integrates fuel consumption simulation with real vehicle energy flow testing, achieving a low fuel consumption of 6.8L/100km under CHTC-LT conditions [5] - This innovation provides a solution for the integration of hybrid systems in the light commercial vehicle sector [5] Group 4: Production and Future Plans - The first hybrid light truck equipped with the M9T engine and planetary gear coupling has rolled off the production line at Dongfeng's Xiangyang factory, with plans to produce 500 units by the end of 2025 [7] - Dongfeng aims to enhance its R&D investment to support energy-saving and carbon reduction initiatives, contributing to the green transformation of the industry [8]

Core Insights - The article emphasizes the strategic transformation of Dongming County towards a green, low-carbon, and energy-saving chemical industry, focusing on high-end chemical upgrades through a three-step strategy [1] Group 1: Industry Transformation - Dongming County aims to enhance its industrial "green content" to improve its economic "gold content," leading to a significant upgrade in chemical industry processes and the establishment of a high-end chemical industry with technological leadership and distinctive features [1] - The county is set to have over 40 high-end chemical enterprises by 2024, generating revenues exceeding 140 billion, which will account for over 60% of the revenue from chemical enterprises in Heze City [2] Group 2: Project Development - The "project-oriented" approach is being adopted to drive green, low-carbon, and high-quality development in the petrochemical industry, with key projects like the UPC technology trial and olefin new material demonstration project being prioritized [3] - The integration of a 15 million-ton refining and chemical project into national planning is expected to create an industrial cluster with an output value exceeding 300 billion and tax revenue surpassing 60 billion [3] Group 3: Supply Chain and Industry Chain - The focus is on building, extending, and strengthening the industrial chain in line with national petrochemical transformation and provincial green development goals, targeting four main chains: petroleum chemistry, petrochemical deep processing, fine chemicals, and new chemical materials [4] - The cultivation of 60 new material enterprises is anticipated, with over 60,000 tons of polypropylene and polyethylene being locally converted annually, achieving a comprehensive industrial chain breakthrough from "a drop of oil" to "a piece of cloth" [4]