记者 吴卫群 见习记者 高晨辉 环境、社会和公司治理又称为ESG，如今已成为全球资本市场、监管机构、投资者及企业自身衡 量"非财务绩效"的关键标准。上海作为国内较早推动ESG发展的地区，正凭借开放的营商环境与清晰的 政策导向，吸引外资企业将中国市场作为ESG创新试验田，实现"本土实践—全球输出"的良性循环。 日前，2025年上海外商投资企业ESG报告及案例发布会传出信息，一批在沪外企的在华优秀ESG实 践案例已被成功纳入其全球总部报告，为全球ESG实践贡献"中国方案"。 在循环经济领域，外企的跨界合作正打破产业边界，推动材料与供应链的绿色闭环。沙特基础工业 （SABIC）携手东京、巴黎奥运会3×3篮球地板独家供应商英利奥（ENLIO），参与了由沙特阿美发起 的球场改造计划。该项目首次将SABIC通过先进回收技术生产的化学回收塑料应用于篮球场地板，实现 材料闭环利用。 今年2月，GE医疗中国与贝莱胜电子（厦门）共同打造的"医疗器械绿色保税维修"项目正式落地福 建自由贸易试验区厦门片区。该项目将医疗技术创新与包括备件维修/设备维修在内的供应链协同创新 等环节打通，推动医疗设备产业链绿色可持续发展。 在气候与资源领 ...

Core Viewpoint - Recent high-level meetings and statements have set the tone for China's green development goals for the coming year, emphasizing the commitment to "dual carbon" leadership and promoting comprehensive green transformation [1] Group 1: Policy and Industry Outlook - China will focus on deepening energy-saving and carbon-reduction transformations in key industries, expanding green electricity applications, and cultivating new growth points such as hydrogen energy and green fuels [1] - During the 14th Five-Year Plan period, hydrogen energy is expected to gradually enter the industrialization stage driven by policy support, with the market scale for green hydrogen and hydrogen-based green fuels anticipated to expand [1] Group 2: Investment Opportunities - The industrial sector's carbon reduction may generate new application scenarios for green hydrogen, driving growth in the green hydrogen supply chain and demand for electrolyzer equipment [1] - Investors who strategically position themselves in hydrogen-based green energy projects are likely to benefit from product premiums in the early stages of industry development [1] - Two main investment lines are recommended: companies with safety margins in their core business and growth potential in hydrogen energy, specifically: 1) enterprises in the green hydrogen electrolyzer equipment sector; 2) companies involved in green fuel-related projects [1]

关键词：气体灭火设备、气体灭火设备市场规模、气体灭火设备行业现状、气体灭火设备发展趋势 一、行业概述 内容概况：中国气体灭火设备行业正处于规模化发展与环保转型叠加的关键阶段。2024年，中国气体灭 火设备行业市场规模约为23.58亿元，同比增长5.46%。这一稳健增长不仅体现了传统工业、数据中心及 建筑领域对安全防护的持续性需求，更深刻反映了在《基加利修正案》等环保法规趋严的背景下，行业 正加速从传统的HFCs类化学药剂（如七氟丙烷），向以全氟己酮、惰性气体为代表的新型环保灭火介 质进行结构性转型。市场的增量部分正日益由满足更高环保标准、具有长期生命周期价值的清洁技术解 决方案所贡献。 相关上市企业：青鸟消防（002960）、国安达（300902）、威海广泰（002111） 相关企业：浙江巨化股份有限公司、中化蓝天集团有限公司、昊华化工科技集团股份有限公司、湖南凯 美特气体股份有限公司、凯美特气股份有限公司、江苏常宝钢管股份有限公司、中国铝业集团有限公 司、太原钢铁（集团）有限公司、上海奕瑞光电科技股份有限公司、深圳汇川技术股份有限公司、浪潮 电子信息产业股份有限公司、海光信息技术股份有限公司 气体灭火设备是 ...

Core Insights - China Pacific Insurance (CPIC) has been awarded the "Sustainable Responsibility Model" title for the 16th consecutive year, highlighting its commitment to corporate social responsibility [1] - MSCI has upgraded CPIC's ESG rating to "AAA," making it the first insurance institution in mainland China to achieve this rating, which serves as a recognition of its past responsible practices [1] Strategic Alignment - CPIC's responsibility practices are aligned with national strategies, focusing on three core strategies: health and wellness, internationalization, and "AI+" [2] - The health and wellness strategy aims to address the challenges of an aging population by creating a comprehensive health and elderly care service system, achieving nearly double-digit growth in pension management scale and a 39.3% increase in health insurance premium income [2] - CPIC's international strategy has expanded its overseas business to nearly 160 countries, with a total insured amount exceeding 3 trillion yuan, and it has launched a leading international case of new energy vehicle insurance in Thailand [2] - The "AI+" strategy has significantly improved operational efficiency, with AI handling nearly 50% of customer service volume and achieving a 99% accuracy rate in claims responsibility determination [2] Ecosystem Construction - CPIC integrates ESG principles into product design, operations, and employee development, creating a comprehensive responsibility ecosystem [4] - Innovative products include insurance for breast cancer patients and carbon quota pledge insurance, addressing specific social needs and contributing to carbon neutrality goals [4] - The company has developed a risk radar system that provides typhoon warnings to policyholders, enhancing service efficiency and reducing social risk costs [4] Employee and Corporate Responsibility - CPIC engages employees in social responsibility initiatives, such as building public welfare forests and supporting rural revitalization efforts [5] - The company has established over 60 Hope Primary Schools and actively participates in various public welfare projects, including dementia screening [5] - Financially, CPIC reported a revenue of 344.9 billion yuan for the first three quarters of 2025, a year-on-year increase of 11.1%, and a net profit of 45.7 billion yuan, reflecting a 19.3% growth [5] - The positive cycle of responsibility and profitability is key to CPIC's sustained recognition as a "Responsibility Model" for 16 years [5] Industry Implications - CPIC's practices provide valuable insights for financial institutions on integrating social responsibility into their core operations, emphasizing that responsibility is essential for high-quality development [5] - The "responsibility value-added" methodology developed by CPIC serves as a model for achieving sustainable development that balances long-term value and social responsibility [5]

Core Viewpoint - Recent high-level meetings and statements have set the tone for China's green development goals for the coming year, emphasizing a commitment to "dual carbon" leadership and a comprehensive green transition [1] Group 1: Green Development Goals - China will focus on deepening energy conservation and carbon reduction transformations in key industries [1] - The expansion of green electricity applications will be prioritized, alongside the cultivation of new growth points such as hydrogen energy and green fuels [1] Group 2: Transition in Green Power Development - During the "14th Five-Year Plan" period, the focus of green power development will shift from incremental construction to a balanced approach of both incremental construction and application scenario expansion [1] - Green hydrogen and hydrogen-based green fuels are expected to receive policy support and accelerate development as a link between green electricity and energy conservation in key industries [1]

Core Viewpoint - Recent high-level meetings and statements set the tone for China's green development goals for the coming year, emphasizing a commitment to "dual carbon" leadership and a comprehensive green transition [1] Group 1: Green Development Goals - China will focus on deepening energy conservation and carbon reduction transformations in key industries while expanding the application of green electricity [1] - The development of green electricity during the 14th Five-Year Plan period will shift from solely incremental construction to a balanced approach of both incremental construction and expanding application scenarios [1] Group 2: New Growth Points - Hydrogen energy and green fuels are identified as new growth points, serving as a link between green electricity and energy conservation and carbon reduction in key industries [1] - Policy support is expected to accelerate the development of green hydrogen and hydrogen-based green fuels [1]

Group 1 - Micron Technology's HBM business growth is primarily driven by AI demand, with HBM3E and next-generation HBM4 capacity already pre-ordered for 2026, and the company is accelerating deliveries to customers [2] - To solidify its market position, Micron is actively expanding capacity and increasing investments in advanced packaging to address the long-term supply-demand imbalance in the industry [2] Group 2 - The macroeconomic analysis at CITIC Futures' strategy meeting draws parallels to the debt cycles of the 70s and 80s, suggesting a potential bullish outlook for government bonds in the context of a U-shaped economic recovery in China [5] - The meeting will also cover stock index arbitrage, financial options strategies, and the recovery outlook for CTA [5] Group 3 - The 2026 Annual Meeting of Finance focuses on economic trends in the first year of the 14th Five-Year Plan, discussing topics such as mechanism innovation to stimulate corporate vitality, macro policies and reforms, income distribution, economic growth, and carbon neutrality [9] Group 4 - The session on AI in investment by Guosen Securities highlights case studies of financial vertical models and general models assisting investment research, along with recent overseas AI+ investment cases [12] Group 5 - The environmental strategy session by Dongwu Research emphasizes marketization of factors, growth in waste-to-energy sectors, and the impact of carbon neutrality initiatives, including the implementation of EU carbon tariffs [15]

Group 1 - The world's largest integrated green hydrogen, ammonia, and methanol project, the Zhongnengjian Songyuan Hydrogen Energy Industrial Park, has officially commenced production, with a capacity to generate 450,000 tons of green hydrogen, 200,000 tons of green ammonia, and green methanol annually, significantly reducing crude oil consumption by 460,000 tons and cutting carbon emissions by 300,000 tons per year [1] - The integrated green hydrogen, ammonia, and methanol project model combines multiple processes, including wind and solar power generation, water electrolysis for hydrogen production, and the synthesis of green ammonia and methanol, driven by policy support, technological advancements, and market demand for renewable energy [1] - By the end of 2024, China's planned capacity for green ammonia projects is expected to reach approximately 1,780,000 tons per year, with around 1,900,000 tons per year currently under construction [1] Group 2 - According to Guangfa Securities, the industrial application prospects for green ammonia and green methanol are broad, with green ammonia expected to account for over 70% of domestic production by 2050, driven by dual carbon policies and decreasing green electricity costs [2] - Longjiang Securities emphasizes that the high-quality development of renewable energy during the 14th Five-Year Plan period requires breakthroughs in non-electric utilization, with significant application potential for green hydrogen, ammonia, and methanol in chemical, transportation, and metallurgy sectors [2] - As of December 17, 2023, 17 A-share stocks related to green hydrogen and methanol have been identified, with six stocks experiencing over 50% growth this year, including Fuzhijie Technology, Huaguang Huaneng, and Jinfeng Technology [2] Group 3 - In terms of trading activity, Jinfeng Technology recorded the highest average daily trading volume in December at 2.508 billion yuan, followed by China International Marine Containers and others with varying trading volumes [3] - Six green hydrogen and methanol concept stocks have been subject to over ten institutional surveys this year, with Xizi Clean Energy receiving the most attention, having been surveyed 30 times [3] - Xizi Clean Energy has indicated its involvement in the supply of equipment for the integrated wind-solar hydrogen, ammonia, and methanol model, continuously expanding its applications in the green ammonia and methanol industries [3]

证券时报记者 杨霞 在ESG理念深度融入全球商业版图的当下，上市公司正以创新实践，积极探寻可持续发展的新路径。近日，由证 券时报主办，五粮液、中泰证券协办的"第十九届上市公司价值论坛暨2025新质生产力巡礼宜宾行"在四川省宜宾 市举办，会上公布了"2025上市公司ESG百强"公司，表彰在ESG实践方面主动作为、成效突出的上市公司。本文对 百强公司在ESG实践方面的特点进行全面梳理和分析，旨在引导和推动更多上市公司贯彻落实新发展理念，践行 高质量发展。 登录新浪财经APP 搜索【信披】查看更多考评等级 信披质量稳步提升 随着"双碳"目标的深入推进，衡量企业长期价值的标尺正发生深刻变革。ESG实践已从"附加题"跃升为上市公司 的"核心必答题"，深刻重塑着价值的底层逻辑。 ESG百强企业作为实践中的佼佼者，在多个维度展现出卓越表现。78家公司设立了ESG专项工作组，另有76家公司 披露了ESG管理工作。ESG管理的最高层级由董事长或董事会牵头，能够确保ESG战略更加顺利地执行，百强公司 中72家公司的最高层级为董事会，体现了百强公司对ESG治理工作的高度重视。 ESG委员会与工作小组的设立，是实现战略统筹与执行落地 ...

锦江酒店（中国区）以系统性、前瞻性与规模化并重的ESG实践，树立了中国酒店行业可持续发展的新 标杆。 2025年，锦江酒店（中国区）以系统性、前瞻性与规模化并重的ESG实践，树立了中国酒店行业可持续 发展的新标杆。在国家"双碳"战略与全球可持续发展趋势的双重驱动下，锦江酒店（中国区）围绕锦江 酒店"共赴锦程"的ESG愿景，通过"制度—工具—场景—生态"四维驱动，不仅实现了环境、社会与治理 议题的深度融合，更将绿色运营转化为提升效率、优化体验、增强品牌价值的核心引擎。尤为突出的 是，其在能碳管理体系建设与绿色运营国际标准验证（HSB）方面的领先布局，彰显了行业引领者的责 任担当与专业能力。 作为世界旅游及旅行理事会（WTTC）《酒店可持续发展基准》（HSB）的联合发起方，锦江酒店深刻 理解标准化对行业绿色转型的关键作用。2025年，锦江酒店（中国区）高质量完成近5000家门店的HSB 验证，其中超150家门店达成最高12项基准要求，持续扩大中国绿色酒店矩阵。这一成果不仅体现其对 国际通行可持续标准的全面承接，更通过标准化流程推动旗下酒店在能源、水耗、废弃物、社会贡献等 关键维度实现系统性提升。 同时，锦江酒店积 ...