Core Insights - China Modern Dairy Holdings Limited has been awarded the "Best Bond Deal of 2025" by FinanceAsia for its 5-year $350 million senior unsecured sustainable development bond issuance, recognizing its leadership in sustainable finance and impactful industry contributions [1][6] Group 1: Milestones Achieved - The bond issuance is the first sustainable USD bond in the Asia-Pacific food and beverage sector and the first globally in the dairy industry [1][3] - The issuance received a second-party opinion from Moody's and was rated SQS3 (Good), highlighting its best practices in fundraising, project evaluation, and fund management [3] Group 2: Market Performance - Despite a challenging market environment with expectations of global interest rate cuts and currency fluctuations, the issuance was successfully completed with strong investor demand [4][5] - The final order book exceeded $1.2 billion, achieving a subscription rate of 3.4 times, and the issuance size was increased from $300 million to $350 million due to high demand [5] Group 3: Recognition and Impact - The bond issuance set a record for the narrowest spread for a BBB-rated issuer in the Asia-Pacific food and beverage sector in 2025 [6] - The successful issuance not only secured critical funding for the company's green and social responsibility projects but also showcased the leadership of the Chinese dairy industry in the ESG space [6]

公司治理方面，泰恩康构建了完善的现代企业治理结构，管理层坚守长期主义，股份解禁后无减持计 划，以实际行动彰显发展信心。同时，公司搭建全球化医药创新共享平台，通过内生增长与外延合作并 举，聚合外部研发力量，加速first-in-class创新药研发，CKBA软膏等项目进展顺利，展现了创新活力。 未来，泰恩康将以此次获奖为契机，持续深化ESG融入企业发展战略，在坚守医药企业社会责任、保障 产品质量安全的同时，加大创新药布局力度，完善研发梯队建设，以更优质的医药健康产品服务社会， 在可持续发展道路上稳步前行，为社会创造更大价值。 中证报中证网讯（ 王珞）11月26日，由中国证券报、中国国新主办，国新证券承办的2025金牛企业可 持续发展论坛暨第三届国新杯·ESG金牛奖颁奖典礼在苏州举行。泰恩康（301263）凭借在ESG领域的 卓越实践与快速成长，成功斩获"ESG新锐金牛奖二十强"殊荣。 作为聚焦医药健康领域的创新型企业，泰恩康的ESG实践始终紧扣行业特性，以"创新+责任"双轮驱动 发展。在环境维度，公司优化生产流程，推行绿色制造理念，从原材料采购到废弃物处理全链条把控环 保标准，助力医药行业低碳转型。社会价值层面 ...

在公司治理方面，英科再生坚持规范运作并提升信息披露质量。公司建立了以董事会为核心的ESG治理 体系，确保可持续发展融入经营决策。同时，公司积极推动绿色金融合作，获得13.67亿元绿色授信额 度，用于可再生能源、节能环保与污染治理等领域，为企业绿色转型提供有力金融支撑。全年研发投入 12266万元，累计拥有3109项知识产权，创新能力持续强化。 ESG金牛奖是中国证券报针对企业ESG表现开展的评价评奖品牌。第三届国新杯·ESG金牛奖延续了金牛 奖系列评选"公开、公平、公正"的核心原则，以更严谨、更科学的评价体系，筛选资本市场ESG实践 的"领跑者"，激励更多企业投身可持续发展浪潮。本届ESG金牛奖共设置"ESG金牛奖百强""ESG卓越央 企金牛奖""ESG碳中和金牛奖""ESG科技引领金牛奖""ESG治理金牛奖""ESG乡村振兴金牛奖"及"ESG新 锐金牛奖"七大奖项。 在行业遴选和奖项设置方面，评审委员会充分借鉴中国国新ESG评价方法论与国资委研究中心课题成 果，从财务重要性与影响重要性两大维度出发，综合中国证券报ESG风险事件评估、舆情评估，以及 ESG披露质量，对企业ESG表现进行系统评估。同时遵循"分类 ...

Group 1 - The 2025 Golden Bull Enterprise Sustainable Development Forum and the 3rd Guoxin Cup ESG Golden Bull Award ceremony were held in Suzhou, focusing on corporate sustainable development and ESG ecosystem building [1] - Guoxin General won the "ESG Excellent Central Enterprise Golden Bull Award" for its outstanding performance in sustainable development [1] - The forum emphasized the principles of "openness, fairness, and justice" in evaluating ESG practices, aiming to encourage more enterprises to engage in sustainable development [1] Group 2 - The company closely aligns with the national "dual carbon" strategy, adhering to green development principles and optimizing environmental management and resource allocation [2] - The company emphasizes governance, value creation, and stable dividend policies to protect investor interests while promoting high-quality development [2] - Future initiatives include advancing green low-carbon technology research, enhancing governance structures, and fulfilling social responsibilities through public welfare activities [2]

Group 1 - The 2025 Golden Bull Enterprise Sustainable Development Forum and the 3rd National New Cup ESG Golden Bull Award Ceremony were held in Suzhou, Jiangsu, focusing on sustainable development themes [1] - Qiming Information won the "3rd National New Cup ESG Excellent Central Enterprise Golden Bull Award," recognizing its achievements in ESG governance [1][2] - This award follows Qiming Information's previous recognition in 2024 as one of the "Top 20 Technology Leaders" in the ESG Golden Bull Award, highlighting its transition from "technology leadership" to "governance excellence" [1][2] Group 2 - The ESG Golden Bull Award evaluates corporate ESG performance, utilizing a methodology that incorporates both financial and impact significance, along with quantitative and qualitative analyses [2] - Qiming Information integrates ESG principles into every aspect of its operations, emphasizing "green, responsibility, and efficiency" in its sustainable development strategy [2] - The company aims to enhance its ESG framework through systematic planning, institutional foundations, organizational support, and a focus on key areas [2] Group 3 - Qiming Information has developed a digital office platform that integrates ESG indicators with daily operations, ensuring efficient management and transparent disclosure of ESG-related activities [3] - The company employs over 1,600 ICT professionals and has established a nationwide service network to provide agile technical support to partners [3][4] - Qiming Information's "FAW·Seven Star Cloud" platform has been recognized as a national-level exemplary case for digital transformation, covering all business areas from research to finance [4] Group 4 - The company aims to promote its digital transformation practices and advanced management paradigms across industries, contributing to high-quality transformation and sustainable development [4] - Qiming Information's commitment to becoming a "world-class digital product solution and smart operation technology service company" drives its efforts in technology empowerment and ecological collaboration [4]

Group 1 - The 2025 Golden Bull Enterprise Sustainable Development Forum and the 3rd National New Cup ESG Golden Bull Award Ceremony were held in Suzhou, Jiangsu, focusing on sustainable development themes [1][4] - Wanrun Co., Ltd. won the "ESG Excellent Central Enterprise Golden Bull Award" for its innovative practices and outstanding performance in the ESG field [1][4] - The ESG Golden Bull Award is a brand evaluation and award initiative by China Securities Journal, aimed at recognizing leading enterprises in ESG practices [4][5] Group 2 - Wanrun Co., Ltd. has established an ESG execution team composed of the board of directors, the board's strategic committee, and relevant departments, integrating the 17 UN Sustainable Development Goals into its management practices [4] - The award evaluation process utilized a rigorous and scientific assessment system, considering financial significance and impact importance, along with ESG risk event assessments and disclosure quality [5] - The 3rd National New Cup ESG Golden Bull Award includes seven categories, such as "Top 100 ESG Golden Bull Awards" and "ESG Carbon Neutrality Golden Bull Award," promoting diverse recognition of ESG performance [4][5]

Core Insights - Shenghong Holding Group won the "ESG Pioneer Enterprise" award at the 2024-2025 Annual Meeting of Respected Enterprises, recognizing its deep commitment to environmental, social, and governance (ESG) practices [1] - The award highlights Shenghong's role in empowering industrial upgrades through green transformation, aligning with the current themes of digital economy and high-quality development [1] - Shenghong's ESG practices serve as a model for the manufacturing industry's transition from "manufacturing" to "intelligent manufacturing" [1] ESG Practices - Shenghong has established low-carbon production lines in the new energy materials sector, promoting energy-saving and carbon-reduction initiatives in its refining and chemical fiber segments [1] - The company has built a socially responsible supply chain governance system, demonstrating its commitment to employment and green governance within the supply chain [1] - Shenghong's ESG layout aligns with the logic of industrial upgrading and provides a replicable path for the implementation of ESG in the manufacturing sector [1]

Core Insights - The Shanghai Stock Exchange is actively promoting green finance and has made significant progress in developing the green and ESG bond market, with nearly 900 billion yuan in cumulative green bond issuance by the end of October 2025 and over 80 billion yuan in low-carbon transition bonds since their launch in 2022 [1][4] Group 1: Green Finance Development - The Shanghai Stock Exchange has been implementing the national green development strategy and innovating products and mechanisms related to green finance [1] - The cumulative issuance of green bonds is approaching 900 billion yuan, indicating strong market growth [1] - Low-carbon transition bonds have seen a cumulative issuance of over 80 billion yuan since their introduction in 2022 [1] Group 2: ESG Management Trends - Chinese enterprises are shifting from passive compliance to proactive management of ESG factors, particularly in response to challenges faced during international expansion [1] - The ESG evaluation system in mainland China, although initiated relatively late, is developing rapidly, with significant advancements in both theoretical frameworks and practical applications [4] - Recent policy developments, such as the draft guidelines for corporate sustainable disclosure and the revised guidelines for sustainability reporting by listed companies, are helping enterprises identify risks and opportunities in their sustainable development processes [4]

Core Insights - The 2025 Green Finance Ecological Conference opened in Chongqing, focusing on "Green Transformation and Biodiversity Finance Empowering Beautiful China" with over 200 experts and representatives from financial institutions and enterprises attending [1] - Chongqing is the only provincial-level comprehensive green finance reform and innovation pilot zone in China, enhancing its service chain in "standard systems, financial products, project libraries, trading platforms, and information disclosure" to support green development [1] - The Chongqing Green Finance Ecological Innovation Alliance was established, launching the first batch of "Chongqing Green and Transformation Investment and Financing Opportunity List" and "Chongqing Green and Transformation Financial Service Product List" [1] Financial Initiatives - The People's Bank of China Chongqing Branch and the Chongqing Municipal Financial Office jointly released the "Chongqing Financial Support for Biodiversity Protection Action Joint Initiative" [2] - Various associations, including the Chongqing Banking Association and Insurance Association, launched initiatives to promote green consumption and low-carbon development [2] - New projects in ecological corridors, ecological tourism, and ecological fisheries were announced, showcasing the comprehensive strength and collaborative advantages of Chongqing's green finance reform and innovation [2] Financial Performance - As of now, the balance of green loans in Chongqing has exceeded 1 trillion yuan, with a growing product system including green investments, green bonds, and green insurance [3] - The conference aims to leverage Chongqing's role as a demonstration zone for green finance reform and innovation, promoting systemic and product innovation to contribute to national green finance development [3]

Core Viewpoint - Addressing climate change and promoting green and sustainable development are key societal concerns, with Jiangsu Bank positioning green finance as a core strategy for transformation and development [1][9]. Group 1: Green Finance Initiatives - Jiangsu Bank has integrated green finance into its strategic framework, focusing on energy low-carbon transition, environmental protection, and urban-rural green development [1][3]. - The "Green Factory Loan" product allows companies to convert their green performance into tangible financial benefits, with a quick loan approval process taking only three days [2][3]. - The bank's innovative approach links loan interest rates to the green factory certification and ESG evaluations, incentivizing companies to enhance their energy-saving and carbon-reduction efforts [3][4]. Group 2: Supply Chain Financing - Jiangsu Bank has introduced a "Green + Supply Chain" financing model to support the sustainable development of entire supply chains, ensuring that both core enterprises and their suppliers engage in green practices [4][5]. - The bank utilizes an API to connect with core enterprises' supply chain management systems, assessing suppliers based on various ESG performance metrics [5][6]. - By September 2025, Jiangsu Bank had provided over 1.3 billion yuan in credit support to more than 100 suppliers through this model, promoting a comprehensive green upgrade across the supply chain [5][6]. Group 3: Green Bonds - Jiangsu Bank has facilitated the issuance of green bonds, such as a 300 million yuan green medium-term note for renewable energy projects, contributing to significant reductions in carbon emissions and other pollutants [7][8]. - The bank's expertise in the green bond market has enabled it to support major clean energy projects, reinforcing the concept that ecological preservation can align with financial growth [7][8]. Group 4: Customized Financial Solutions - The bank has developed a range of tailored financial products to meet the diverse needs of different industries, including loans for solar energy projects and ecological restoration initiatives [8][9]. - Jiangsu Bank actively collaborates with government agencies to enhance its green finance offerings and participates in various green finance events to increase its brand influence [8][9]. Group 5: Performance Metrics - As of September 2025, Jiangsu Bank's green credit balance reached 16.172 billion yuan, a 40.92% increase from the beginning of the year, serving over 300 green industry clients [9]. - The bank has established itself as a key player in the green finance sector, recognized as a partner in green financial services and actively involved in local sustainability initiatives [9].