Core Insights - The 2025 Sustainable Global Leaders Conference is scheduled to take place from October 16 to 18 in Shanghai, emphasizing the importance of sustainable development and governance [1][5] - The conference aims to gather global wisdom and explore new paths for sustainable development, highlighting China's role in global governance [5] Group 1: Sustainable Disclosure System - The China Securities Regulatory Commission (CSRC) emphasizes that the sustainable disclosure system for listed companies will follow a path of self-development, focusing on principles of "actively learning, being self-directed, integrating diverse approaches, and showcasing unique characteristics" [3] - The CSRC plans to improve the disclosure guidelines based on the needs of enterprises, ensuring that the system is tailored to China's context while remaining aligned with international standards [3][4] - Approximately 400 companies are required to disclose sustainability reports, representing a significant portion of the market's total value, with 95% of these companies having already tested the waters, achieving record-high disclosure rates and completeness of climate information [4] Group 2: Conference Details - The conference will feature around 500 prominent guests, including 100 international attendees, such as political figures, representatives from international organizations, Nobel Prize winners, and leaders from Fortune 500 companies [5] - Discussions will cover nearly 50 topics, including energy and carbon neutrality, green finance, sustainable consumption, and technology and public welfare [5]

Core Viewpoint - The China Association of Certified Public Accountants (CICPA) has released a draft guideline for sustainable information assurance, aiming to standardize and guide third-party institutions in conducting sustainability assurance services to ensure professional quality [1][4]. Group 1: Sustainable Information Assurance Standards - The sustainable information assurance standards will consist of basic standards, specific standards, and application guidelines, aligning with the corporate sustainability disclosure system [1][6]. - The draft guideline is positioned as the basic standard within the sustainable information assurance standards system, applicable to all types of sustainability information assurance services, including reasonable and limited assurance [4][7]. Group 2: Current Landscape and Challenges - Currently, sustainability information assurance in China is largely voluntary, with significant variations in quality management, professional ethics, and competence among assurance providers, which include accounting firms, consulting firms, and certification bodies [4][6]. - The draft guideline aims to address specific issues and needs in current sustainability assurance practices by providing clear and targeted requirements, thereby enhancing the quality of assurance services [4][7]. Group 3: Implementation and Scope - The draft guideline comprises four chapters and 225 articles, covering the entire process from business acceptance to report issuance, with the first chapter outlining the purpose and scope of the standards [6][7]. - The guideline is intended for all types of assurance institutions and personnel, not limited to certified public accountants, to ensure compliance with a unified set of professional standards [6][7].