Core Insights - The article discusses the increasing importance of sustainable finance in the banking industry, driven by climate change and social responsibility concerns [1][2] - Deutsche Bank views sustainability as a core mission, integrating it into their business strategy to meet regulatory requirements and client expectations [2][4] Group 1: Current Trends in Sustainable Finance - There is a growing demand for sustainable finance solutions as companies recognize the need to incorporate sustainability into their core strategies [3][4] - Regulatory bodies, particularly in Europe, are emphasizing the integration of sustainability principles into daily operations of financial institutions [5][12] - The rise of technology, such as AI and blockchain, is crucial for enhancing data transparency and accountability in sustainable finance [3][14][15] Group 2: Key Drivers of Deutsche Bank's Sustainable Finance Strategy - Deutsche Bank aims to create shareholder value while maintaining sustainability, balancing profit pursuit with responsible practices [4][5] - The bank recognizes that clients are increasingly seeking sustainable solutions and guidance, indicating a shift in market demand [5][6] - Employee expectations also play a role, as staff desire to work for a company with a strong mission and commitment to sustainability [5][18] Group 3: Future Outlook and Opportunities - The demand for sustainable finance and green finance is expected to continue growing, driven by changing consumer preferences and regulatory requirements [3][8] - Companies that integrate sustainability into their business strategies are likely to enhance their profitability and market position [8][17] - The younger generation is increasingly aware of sustainability issues, influencing corporate strategies and consumer behavior [13][16] Group 4: Challenges and Market Dynamics - While the market for sustainable finance is evolving, some companies view sustainability initiatives as a cost burden rather than an opportunity [6][8] - The article highlights the importance of government policies in making sustainable solutions more cost-effective compared to unsustainable options [16] - Despite economic pressures, companies are still focused on sustainability, often integrating it into their business strategies without overtly labeling it as such [17]

每经记者｜黄宗彦 每经编辑｜魏官红 2022年10月，每经品牌价值研究院构建ESG公募基金数据库，并自此推出"ESG公募基金周榜"，通过追 踪ESG基金表现、分析排名及变动背后可能的原因，帮助投资者更好地了解、识别、筛选更具投资价值 的ESG基金。 本期ESG公募基金周榜的观察周期为8月11日至8月15日，最新净值以8月15日为准。统计结果显示，本 期上榜基金延续强势表现，其中泛ESG主题产品依然领涨：主动型平均收益率最高，达11.25%；指数型 平均收益率为7.77%。 纯ESG主题方面，主动型表现优于指数型：前者平均收益率为5.82%；后者为2.22%。 ESG基金收益率周榜TOP10 | 基金代码 | 基金名称 | 最新净值 | 近一周收益率 | 近三月收益率 | 成立以来收益率 | 成立时间 | | --- | --- | --- | --- | --- | --- | --- | | | | (元) | (%) | (%) | (%) | | | 007689 | 国投瑞银新能源A | 1.8211 | 17.29 | 40.73 | 94.16 | 2019-11-18 | | 012102 | ...

Group 1 - The core idea emphasizes that listed companies are leveraging innovative practices to build both economic and ecological "gold mountains," injecting strong momentum into sustainable development through green technology innovation, circular economy practices, and green financial tools [1] - Nearly 2,700 listed companies mentioned energy conservation and emission reduction in their 2024 annual reports, showcasing a trend towards green and efficient industrial practices [1] - Companies like Jun Ding Da, Yanjing Beer, Longlide, and Pulit have reported significant reductions in waste emissions and resource consumption through technological upgrades, highlighting a shift towards greener production methods [1] Group 2 - The new energy industry is identified as a core driver of green development, with companies like CATL and BYD reporting substantial profit growth, indicating a robust market for electric vehicles [2] - Green finance is becoming a key engine for driving economic green transformation, with financial institutions incorporating environmental risks into their credit processes, thus facilitating lower financing costs for companies pursuing green development [2] - The rapid growth of ESG investments is projected to exceed $50 trillion by 2025, positioning green transformation as a fundamental pillar for attracting long-term capital [2]

Core Viewpoint - The concept of "lucid waters and lush mountains are invaluable assets" has deeply influenced the development of China's capital market, leading to the transformation of ecological value into economic value through various financial instruments and practices [1] Green Finance - Since the introduction of the "green finance system" in 2015, China has implemented numerous policies to promote green finance, effectively directing funds towards energy conservation, environmental protection, and clean energy sectors [2] - Green credit, as the most mature financing model in China's green finance system, has seen a market size expansion of 28.37 trillion yuan over six years, with a compound annual growth rate of 28.24%, maintaining the largest balance globally [2] - By the end of 2024, the balance of green loans in China is expected to reach 36.6 trillion yuan, a year-on-year increase of 21.7%, with over 60% of funds directed towards carbon reduction projects [2] Green Bond Market - The green bond market has experienced significant growth, with an average annual issuance scale of 1.11 trillion yuan from 2021 to 2024, which is 3.94 times that of the "13th Five-Year Plan" period [3] - The issuance of green bonds has expanded from financial institutions to real enterprises, with notable examples including Ninghu Expressway and Baosteel, which issued green bonds at lower interest rates compared to ordinary bonds [3] - Since 2005, 68 ecological protection and environmental governance companies have been listed on A-shares, raising over 120 billion yuan through various financing methods, with an average annual financing of 56.84 billion yuan from 2021 to 2024, a 32.78% increase from 2016 to 2020 [3] ESG Investment - The concept of sustainable development has led to the rapid growth of ESG investments, with 133 institutions joining the UN PRI by mid-August, up from 19 in 2018, and the number of ESG funds reaching 911 with a total scale exceeding one trillion yuan [4] - Over 70% of fund companies have launched ESG fund products, with leading firms like Huatai-PB, GF Fund, and others actively engaging in ESG investment practices [4][5] ESG Disclosure - A series of policies have been introduced to enhance ESG disclosure among listed companies, with 2,502 A-share companies disclosing ESG reports by August 14, 2024, marking a 15.14% year-on-year increase and a disclosure rate of 46.68% [7] - The average score of A-share companies in the environmental dimension has continuously improved, with a 75.18% increase expected by 2025 compared to 2020 [8] - Companies in high carbon-emission industries have shown a higher commitment to greenhouse gas reduction, indicating positive progress in quantifying ecological outcomes [7][8]

新华社南京8月13日电（记者沈汝发）近期，法国达索、德国宝马等一系列大项目扎堆落子南京。记者 采访发现，南京丰富的科创人才、深厚的产业基础、良好的营商环境，正吸引海内外优质企业纷至沓 来。 达索析统（南京）信息技术服务有限公司近日在南京揭牌，这是全球工业软件领域领军企业法国达索系 统集团在南京玄武区设立的工业软件企业，对南京打造万亿级软件和信息服务业集群，将提供强力支 撑。 德国宝马集团在南京建邺区落户中国首个信息技术研发中心，聚焦AI、工业数字孪生、智能制造等前 沿领域，将为宝马全球生产、销售、售后等提供数字化解决方案。 宝马集团相关负责人说，宝马集团把南京作为重要战略布局城市，围绕智能网联汽车、人工智能、大数 据等领域，开展深度合作，实现深耕发展。 今年上半年，一批围绕AI、芯片、生物医药、新一代通信的"高能级项目"落子南京。记者了解到，南京 今年聚焦招引主体能级高、投资体量大、产业带动强的优质项目，来自外资、央企及专精特新企业的项 目数量同比实现大幅增长。 作为科教名城，南京拥有50多所高等院校、90多位两院院士、超百万名在校大学生和120多个国家级研 发平台。 打造环境社会治理（ESG）投资先锋城市， ...

7月16日，国际权威指数机构MSCI（明晟）将陆金所控股（06623.HK，NYSE LU）ESG评级由A调升至 AA。公司在消费者权益保护方面的表现大幅提升，并在隐私与数据安全、人力资本发展等重要议题上 优于行业平均水平。多位二级市场投资经理认为，伴随全球资本日益青睐中国资产，加之ESG投资理念 的不断普及，全球投资机构对ESG高评级中概股的投资意愿将持续提升。 ...

Market Performance - The A-share market showed overall recovery from August 4 to August 8, 2025, with the CSI 300 index rising by 1.23%, the ESG 300 index increasing by 1.06%, and the STAR Market ESG index up by 1.31%[5] - The average daily trading volume across the A-share market was approximately 1.70 trillion RMB, indicating a contraction in liquidity compared to previous periods[5] ESG Fund Issuance - No new ESG fund products were issued in August 2025; however, a total of 241 ESG public funds were launched in the past year, with a total issuance of 171.41 billion units[7] - As of August 10, 2025, there are 910 existing ESG fund products, with the largest share being ESG strategy funds at 50.33% of the total net asset value of 1,022.06 billion RMB[9] Fund Performance - The top-performing fund for the week of August 4 to August 10, 2025, was the Zhonghai Charm Yangtze River fund, achieving a weekly return of 6.14% and a year-to-date return of 29.00%[10] - Other notable funds included the Robeco Resource Selection and Yongying New Energy Selection, which also performed well during the same period[10] Green Bond Issuance - A total of 23 new green bonds were issued in the interbank and exchange markets from August 4 to August 8, 2025, with a planned issuance scale of approximately 18.64 billion RMB[13] - In August 2025, 33 ESG bonds were issued, amounting to 15.3 billion RMB, with a total of 1,034 ESG bonds issued in the past year, totaling 1,227.7 billion RMB[13] Green Bond Trading - The total trading volume of ESG green bonds for the week was 562.58 billion RMB, with the interbank market accounting for 77.45% of the total trading volume[17] - Repo transactions dominated the trading methods, comprising 94.96% of the total trading volume, while cash transactions accounted for only 0.07%[20] Bank Wealth Management Products - In August 2025, 30 ESG bank wealth management products were issued, with a total of 1,049 existing products in the market as of August 10, 2025[18] - The largest share of existing products is pure ESG-themed products, which account for 54.53% of the total[18] Risk Factors - Potential risks include insufficient policy support for ESG initiatives, lack of standardized data reporting, and lower-than-expected product issuance scales[19]

Core Viewpoint - The article emphasizes the urgent need for the banking industry to transition towards green finance in response to China's carbon neutrality goals by 2060 and peak carbon emissions by 2030, highlighting the significant investment opportunities and the strategic initiatives taken by China Merchants Bank (CMB) in this area [1][2][3]. Group 1: Green Finance Strategy - CMB has prioritized green finance as a core business area, elevating its importance in the 2021 sustainability report, reflecting a shift from 11th place in 2020 to the top position in 2021 [1]. - The bank aims for its green project loan growth to exceed the overall growth of corporate loans within the year and to enter the top tier of banks in the People's Bank of China's green finance evaluation within five years [2]. - The report indicates that achieving China's carbon peak and neutrality goals will require investments in the range of trillions of yuan, creating substantial market opportunities for financial institutions [2]. Group 2: Green Financing Policies - CMB plans to implement differentiated credit policies to allocate resources towards low-energy, low-pollution industries while controlling loans to high-pollution sectors [3]. - The bank has issued carbon reduction loans amounting to 6.974 billion yuan in 2021, resulting in a reduction of 1.2152 million tons of CO2 equivalent [4]. - CMB's green loan balance reached 263.842 billion yuan by the end of 2021, with a year-on-year increase of 55.254 billion yuan, representing a growth rate of 26.49% [4]. Group 3: Green Investment and ESG Integration - CMB has actively engaged in green investments, with a focus on retail markets, having sold approximately 17.8 billion yuan in funds related to renewable energy and photovoltaic industries over the past year [6]. - The bank has integrated ESG principles into its investment processes, achieving an MSCI ESG rating upgrade from BBB to A, positioning it among industry leaders [7]. - CMB's subsidiaries are involved in various green financing initiatives, including issuing green bonds and providing innovative financing solutions for renewable energy projects [5][6]. Group 4: Economic Impact of Green Finance - The article highlights that green finance is not merely a response to policy but is viewed as a long-term investment opportunity that can drive economic growth and job creation [8]. - The International Energy Agency predicts that investments in clean energy and infrastructure will triple by 2030, contributing significantly to global GDP growth [8]. - CMB is committed to leveraging financial tools to address climate challenges and support economic transformation towards sustainability [8].

沪深交易所今年积极推动绿色债券的产品开发和创新探索，深交所首批专项服务海洋经济发展的绿 色债券在3月份成功发行，上交所于近期修订发布《上海证券交易所公司债券发行上市审核规则适用指 引第2号——特定品种公司债券》，推出低碳转型债券、低碳转型挂钩债券品种。 "绿色债券目前的发展面临历史性的市场机遇。"海南省绿色金融研究院管委会主任尤毅在接受《证 券日报》记者采访时表示，债券市场具有融资规模大、期限长、市场化程度高等特点，与主流绿色项目 融资需求相契合，绿色债券发展空间巨大。 作为近年来绿色金融领域大力发展的融资工具，绿色债券成为企业绿色转型的重要助力。据同花顺 iFinD数据统计，截至6月9日，今年以来，绿色债券发行规模达3615.6亿元，同比增长73.72% "绿色债券是绿色金融的重要组成，旨在通过发挥其在资本市场的资源配置功能，为绿色低碳产业 提供资金支持，这对于促进绿色经济发展、践行碳达峰与碳中和理念具有积极意义。"张立超说。 海南省绿色金融研究院相关研究的结果表明，公司在发行绿色债券后提高了其环境表现，环境方面 的评分普遍会进一步提高。尤毅表示，企业主动履行绿色社会责任，能够提升其社会形象，塑造品牌价 值 ...

Core Viewpoint - The increasing adoption of the Principles for Responsible Investment (PRI) by mainland institutions reflects a growing commitment to ESG (Environmental, Social, and Governance) investment, with 101 institutions having signed the PRI as of the report date, including 20 public fund managers [1][2]. Group 1: Adoption of PRI - The PRI, established in 2006 by UNEP FI and the UN Global Compact, has gained significant influence in China as the concepts of carbon peak and carbon neutrality become more prevalent [2]. - As of June 10, 2022, 101 mainland institutions have signed the PRI, with 74 being investment management institutions, including 20 public fund managers [2]. - Among the 18 social security fund managers in China, 13 have joined the PRI, and 15 out of 21 basic pension investment management institutions have also signed [2]. Group 2: Motivations for Joining PRI - Public fund managers are motivated to join the PRI to meet existing or potential demands from overseas clients, enhance brand and competitive advantage, prepare for future market and regulatory changes, and engage in responsible investment development through the PRI platform [2][3]. - The six principles of PRI guide institutions in integrating ESG issues into investment analysis and decision-making, becoming active owners, and promoting the acceptance and implementation of PRI principles within the investment industry [3]. Group 3: ESG Investment Strategies - Institutions like Southern Fund and GF Fund emphasize the importance of ESG performance in investment portfolios, stating that poor ESG performance can lead to significant risk exposure [4]. - Southern Fund has integrated ESG factors into its investment process since joining PRI in 2018, aiming to align ESG practices with Chinese investment logic [4][6]. - GF Fund has established an ESG investment leadership group and developed a foundational evaluation system and screening criteria for ESG investments, with a total ESG fund scale reaching 29.3 billion yuan by the end of Q1 2022 [7]. Group 4: Product Innovation and Development - The adoption of PRI has led to frequent actions by institutions to enhance their ESG investment systems and processes, resulting in innovative product offerings [6]. - Southern Fund has developed a comprehensive ESG investment system that integrates ESG factors across various asset classes, achieving a total scale of green investments of 232.13 billion yuan by the end of 2021, a 129% increase from the beginning of the year [6]. - GF Fund is actively promoting the integration of ESG investment with various investment strategies, including index-based and active quantitative approaches [7].