联合国难民事务高级专员菲利普·格兰迪（Filippo Grandi）与部分与会者在2025年全球难民论坛中期回顾闭幕式现场。© UNHCR/Pierre Albouy 新浪财经ESG评级中心提供包括资讯、报告、培训、咨询等在内的14项ESG服务，助力上市公司传播ESG理念，提升ESG可持续发展表现。点击 查看【 ESG评级中心服务手册】 在12月15日至17日举行的第二届全球难民论坛中期回顾上，与会各方作出了超过30项新的承诺，再次彰显了国际社会对改善难民及接收社区生活的团结精神 与坚定支持。 此次会议期间宣布的新承诺涉及难民就业与教育机会、自愿可持续返乡及第三国安全安置路径等长期解决方案。至此，自2019年首届全球难民论坛举办以 来，相关承诺总数已近3500项，覆盖47个主题与区域领域，涉及包括各国政府在内的1300多个参与方。 联合国难民事务高级专员菲利普·格兰迪（Filippo Grandi）表示："这是全球最重要的难民论坛。在这里，我清晰地听到了国际社会对难民保护及寻求庇护权 利的真挚承诺。即使实现方式在不断演进，这些原则始终如一。从财政角度看，今年是极为艰难的一年，联合国难民署也因此受到影响，但我们 ...

Core Viewpoint - The article emphasizes the strategic development of wealth management as a crucial component in connecting financial services with public needs, supporting the construction of a financial powerhouse and Shanghai as an international financial center [1] Group 1: Wealth Management Strategy - The wealth management sector is positioned as a key driver for financial institutions to fulfill the "finance for the people" philosophy and promote common prosperity [1] - CITIC Bank Shanghai Branch has been actively transforming its wealth management services over 37 years, focusing on a strategy of "five leading" to create a warm and distinctive wealth management service system [1] Group 2: Customer-Centric Services - The bank is shifting from "license competition" to "capability competition" in response to a low-interest-rate environment and diverse customer needs, leveraging its comprehensive financial advantages [2] - The bank promotes charitable financial products, such as the "Warm Childhood Journey," which has raised over 10 million yuan for public welfare while providing stable returns to investors [2] - The bank is also focusing on green finance and ESG-themed products, aligning with carbon neutrality goals and directing funds towards green industries [2] Group 3: Product Innovation and Sales Growth - The bank has accelerated the transformation of "fixed income+" wealth management products, launching 7 local customized products and 10 other "fixed income+" products, with total sales exceeding 10 billion yuan [3] - The bank's promotional activities, such as the "618 Wealth Management Festival" and "Fortune Wealth Management Festival," have led to a growth of over 5 billion yuan in wealth management business scale [4] Group 4: Digital Empowerment and Risk Management - The bank utilizes the "CITIC Brain" digital platform to enhance intelligent advisory and risk control, providing timely market insights and personalized asset allocation advice [5] - The use of big data and AI improves customer profiling and risk warning models, ensuring asset safety and enhancing the precision of investment allocations [5] - The bank aims to continue innovating in product creation and service models while maintaining compliance and risk management standards to support the long-term value growth of customer assets [5]

● 本报记者刘丽靓 近日，国新证券党委书记、董事长张海文在接受中国证券报记者专访时表示，公司锚定政策导向，将 ESG业务作为服务国家战略、践行金融"五篇大文章"、助力美丽中国建设的重要抓手，通过ESG咨询服 务创新、评价体系升级、生态协同共建，推动ESG业务质效提升，积极助力实体经济绿色转型，彰显央 企券商的责任担当。 打造特色ESG业务品牌 "ESG是一种关注企业可持续发展的投资理念和评估框架，契合我国经济社会发展阶段要求，在帮助企 业绿色低碳转型、管理风险方面可以发挥积极作用。"张海文介绍，国新证券将ESG业务聚焦于合规管 理筑基、专业体系驱动、智能技术提效、服务生态共赢四个维度，致力于打造特色ESG业务品牌。 金融多维支持绿色转型 面对"十五五"规划建议提出的"加快经济社会发展全面绿色转型，建设美丽中国"的明确要求，张海文表 示，以碳达峰、碳中和为牵引，协同推进降碳、减污、扩绿、增长是一项系统工程，金融要加大支持实 体经济力度，把握好战略、路径、风险和创新等多个维度的平衡。 在战略层面，金融需要确保支持实体经济转型安全有序，实现平稳过渡。"一方面要优先支持绿色新动 能的培育，比如对传统产业绿色升级的支持 ...

● 本报记者 刘丽靓 在风险管理方面，张海文特别提醒，需关注气候相关风险管理，以及注意防范"绿色泡沫"和"洗绿"行 为。"大型金融机构探索建立了气候风险情景分析机制，并开展了压力测试，未来还需向中小金融机构 推广，纳入主流风控体系。同时，应建立统一、清晰的市场标准，加强信息披露和第三方认证。"张海 文说。 打造特色ESG业务品牌 党的二十届四中全会对推动经济社会发展全面绿色转型、建设美丽中国作出重要部署。国新证券如何把 握政策导向，切实赋能实体经济绿色低碳发展？ 近日，国新证券党委书记、董事长张海文在接受中国证券报记者专访时表示，公司锚定政策导向，将 ESG业务作为服务国家战略、践行金融"五篇大文章"、助力美丽中国建设的重要抓手，通过ESG咨询服 务创新、评价体系升级、生态协同共建，推动ESG业务质效提升，积极助力实体经济绿色转型，彰显央 企券商的责任担当。 金融多维支持绿色转型 面对"十五五"规划建议提出的"加快经济社会发展全面绿色转型，建设美丽中国"的明确要求，张海文表 示，以碳达峰、碳中和为牵引，协同推进降碳、减污、扩绿、增长是一项系统工程，金融要加大支持实 体经济力度，把握好战略、路径、风险和创新等多 ...

Investment Rating - The report does not specify a clear investment rating for the industry [2] Core Insights - The 2025 version of the National Recommended Directory for Energy-Saving and Carbon Reduction Technologies has been released, listing over 350 technologies with energy-saving rates between 15% and 60%, all exceeding the national first-level energy efficiency standards [4][13] - Canada will launch a sustainable investment taxonomy in 2026 to identify green and transition investments, following a commitment made by the previous government [5][19] - The report highlights the increasing adoption of clean low-carbon hydrogen production technologies, including electrolysis and hydrogen fuel cell systems, which are expected to accelerate green hydrogen applications [4][13] Summary by Sections Domestic Highlights - The 2025 version of the National Recommended Directory for Energy-Saving and Carbon Reduction Technologies was officially released on December 15, 2025, covering industrial energy-saving, information technology, and high-efficiency energy-saving equipment [4][13] - New long-duration energy storage technologies have been added, including high-pressure solid thermal storage and zinc-iron flow batteries [4][13] International Highlights - Canada is set to implement a sustainable investment classification system by the end of 2026, aimed at identifying green investments [5][19] ESG Financial Products Tracking - As of December 21, 2025, a total of 3,873 ESG bonds have been issued in China, with a total outstanding amount of 5.72 trillion RMB, of which green bonds account for 62.04% [6][29] - The market has 946 existing ESG products with a total net asset value of 1,166.66 billion RMB, with ESG strategy products making up 45.01% of the total [6][35] - There are 1,216 existing ESG bank wealth management products, with pure ESG products accounting for 53.87% [6][40] Index Tracking - As of December 19, 2025, major ESG indices have underperformed the market, with the Wind All A Sustainable ESG index showing the largest decline of 0.79% [7][41] - Over the past year, major ESG indices have generally increased, with the Shenzhen ESG 300 index rising by 17.79% [7][41] Expert Opinions - Key technological innovations are essential for achieving carbon neutrality, with significant opportunities in commercializing core technologies that are not yet fully developed [9][43] - The transition to carbon neutrality faces challenges, including the need for a comprehensive policy framework and the commercialization of critical technologies [9][43]

本报讯 （记者梁傲男）在"双碳"目标纵深推进、高质量发展成为时代核心命题的背景下，ESG已从企 业可持续发展的"选修课"转变为关乎长远竞争力的"必答题"。近日，华润啤酒（控股）有限公司（以下 简称"华润啤酒"）在深圳雪花大厦举办"ESG战略提升规划项目启动会暨ESG卓越实践建设推进仪式"。 润啤酒/供图 中国企业改革与发展研究会会长，国务院国资委原党委委员、秘书长彭华岗，中央广播电视总台财经节 目中心活动部制片人、"中国ESG发布"暨榜样盛典负责人刘星，中国企业改革与发展研究会可持续发展 委员会副秘书长伊怀海，责任云研究院执行院长张阳光等领导专家及媒体嘉宾出席会议。华润啤酒总裁 金汉权，华润啤酒党委副书记徐麟及公司核心团队共同参会。各方围绕ESG理念融入企业战略的路径展 开深入探讨，并见证仪式的举办。此次活动不仅是华润啤酒总部正式南迁深圳后在ESG领域迎来的首个 国家级权威认可，更标志着公司ESG工作从优秀实践迈向系统化、战略化提升的新阶段。 刘星表示，责任品牌是传统品牌的全面升级，其内核是扎实的ESG实践，是将ESG绩效转化为具有感召 力的品牌叙事、与利益相关方建立情感连接的关键桥梁。她强调，对于华润啤酒这 ...

本周看点 1、人民币国际化加速前进的"三重驱动" 跨境使用规模稳步增长，债券投融资受到青睐，离岸人民币市场不断升温……今年以来，人民币国际化不断取得积极进展，受到海外广泛关注和积极评 价。 国际航空运输协会11月初宣布将人民币纳入其清算系统的可结算货币名单，允许全球航空公司与航空供应商以人民币进行结算。今年年中，埃及宣布允许 中国企业使用人民币在埃及注册公司。 人民币在跨境贸易投资领域正获得更广泛使用。据中国人民银行最新发布的《人民币国际化报告（2025）》，2025年上半年，银行代客人民币跨境收付金 额合计为34.9万亿元，同比增长14.0%。人民币已成为全球第二大贸易融资货币；按全口径计算，人民币为全球第三大支付货币。 与此同时，人民币债券投融资受到国际市场青睐。今年4月，中国财政部在英国伦敦发行首笔60亿元人民币绿色主权债券，总申购金额是发行金额的6.9 倍。高认购倍数印证了国际投资者对中国主权债券的认可。10月，中国银行伦敦分行发行全球首笔以英镑和离岸人民币双币种计价的绿色债券。 2、我国海上最大油田年产油气突破4000万吨 中国海油21日宣布，我国海上最大油田——渤海油田2025年累计生产油气当量突 ...

21世纪经济报道记者卢陶然、李德尚玉 北京报道 "多圈层"的地球系统预报要来了，将服务碳排放评估与减排路径优化 12月18日，中国气象局召开《地球系统预报发展战略（2025—2035年）》（以下简称《战略》）新闻发 布会。发布会上，中国气象局预报预测司司长梁丰介绍， （原标题：中银证券等38款APP被通报下架｜ESG热搜榜） 中银证券等38款APP被上海市通信管理局通报下架 12月18日，上海市通信管理局发布关于下架38款侵害用户权益行为APP（SDK）的通报，中银证券、观 察者网、众安家等在其中。通报称，根据相关法律法规及文件要求，上海市通管局对APP（SDK）违法 违规收集使用个人信息等问题开展治理。2025年11月，上海市通信管理局向社会公示了一批存在侵害用 户权益行为的APP（SDK）。但在规定的整改期限内，经核查复检，尚有38款APP（SDK）未按照要求 落实整改，现对上述APP（SDK）采取下架处理。上海市通信管理局表示，将对上述APP（SDK）持续 跟踪，视情况进一步采取停止接入、行政处罚、纳入电信业务经营不良名单等处理措施。 更可靠的地球系统预报是应对气候变化与生态文明建设的核心科学支撑。通过 ...

Group 1 - The report highlights the performance of the North Exchange in 2025, indicating a significant rise in the North Index 50 to around 1400 points, with three distinct phases of market movement: rapid increase, oscillating rise, and a correction phase [2][12][15] - In the rapid increase phase (January 1 - March 11, 2025), the North Index 50 surged from 1,037.81 to 1,418.65 points, achieving a cumulative return of 36.70%, while the specialized index rose from 1,683.33 to 2,421.50 points, with a return of 43.85% [15][16] - The oscillating rise phase (April 7 - September 5, 2025) saw the North Index 50 increase from 1,044.07 to 1,647.01 points, yielding a cumulative return of 58.70%, and the specialized index from 1,759.64 to 2,806.39 points, with a return of 66.72% [16][17] Group 2 - The correction phase (September 15 - December 19, 2025) stabilized the North Index 50 and specialized index around 1400 and 2400 points, respectively, with the North Index 50 declining to 1,445.84 points and the specialized index to 2,440.21 points, resulting in cumulative returns of 39.32% and 44.96% [17][23] - The report emphasizes the performance of small-cap stocks, indicating that companies with market capitalizations of 0-20 billion, 20-40 billion, 40-80 billion, and above 80 billion had average returns of 54.08%, 38.60%, 18.26%, and 30.59%, respectively [26][31] - The report identifies that national and provincial-level "little giant" companies outperformed non-little giant firms, with average returns of 48.26%, 38.06%, and 39.19% for national, provincial, and non-little giants, respectively [27][29] Group 3 - The report highlights that national and provincial-level single champion companies achieved average returns of 59.27% compared to 39.61% for non-single champion companies [32][34] - In terms of industry performance, high-end equipment and new chemical materials sectors showed higher returns, with average returns of 50.20%, 28.67%, 48.49%, 40.43%, and 43.56% for high-end equipment, information technology, new chemical materials, consumer services, and biomedicine, respectively [34][36] - The report also notes that companies with new productive forces, ESG attributes, high scarcity, and high dividends had average returns of 50.49%, 48.44%, 49.14%, and 57.51%, respectively, indicating a strong performance in these categories [37][43]

Core Insights - Beyond Meat's product appeal has diminished due to high prices and shifting consumer sentiment [1][10] - The stock has experienced significant volatility, dropping over 70% year to date, with a brief spike in mid-October [1][6] - The company is facing declining sales and increasing net operating losses, indicating challenges for long-term growth [9][8] Sales Performance - Sales are declining across all segments except for international foodservice, which saw a modest increase of 2.4% [5] - U.S. revenue has decreased by 21% year over year, while international revenue has dropped by 13.3% [5] - The overall trend shows a loss of market share in a cooling plant-based meat industry [7] Financial Metrics - Beyond Meat's current market capitalization stands at $503 million [6] - The gross margin is reported at 5.98%, indicating pressure on profitability [7] - Net operating losses have increased to $34.9 million, up from $30.9 million in the same quarter last year, excluding a one-time impairment loss of $77.4 million [8] Industry Trends - The plant-based meat industry is experiencing a decline from its peak success in 2021 and 2022 [7] - Consumer sentiment towards ESG (Environmental, Social, and Governance) initiatives has weakened, impacting Beyond Meat's positioning as an environmental alternative [10][11] - Rising living costs and reduced emphasis on virtue signaling have made Beyond Meat's products less appealing [12]