Group 1 - The 2025 Beijing International Sustainable Conference emphasized the importance of unified disclosure standards for capital markets, green finance, and industrial upgrading [1][2] - Emmanuel Faber, chair of ISSB, praised China's progress in sustainable disclosure, particularly the release of the climate disclosure draft, which enhances global comparability [1][3] - As of now, 36 countries and regions have adopted or are planning to adopt ISSB standards, covering 60% of global GDP and greenhouse gas emissions, and 80% of global capital market value excluding the US [1][4] Group 2 - China is advancing a unified sustainable disclosure standard system based on ISSB's global benchmarks, with significant steps taken in 2024 and 2025 for listed companies [2] - The Ministry of Finance has released basic and climate disclosure standards, marking a solid step towards a unified system by 2030 [2] - The People's Bank of China is revising the Sustainable Disclosure Guidelines for Financial Institutions to enhance interoperability with international standards [3] Group 3 - ISSB standards are becoming a "universal language" for sustainable information disclosure, with a focus on providing transparent information to investors [4][5] - The Hong Kong Securities and Futures Commission is working on localizing ISSB standards, creating an ecosystem that includes verification and data technology [5] - Over 87% of Chinese companies have disclosed data points highly aligned with ISSB's climate-related disclosure standards, indicating a strong foundation in climate information disclosure [5]

Group 1 - The 2025 Beijing International Sustainable Conference was successfully held, focusing on the theme of building an inclusive and collaborative sustainable information disclosure ecosystem [1] - The ISSB has reported that 36 countries and regions have adopted or are in the process of incorporating ISSB standards into their regulatory or legal frameworks, representing 60% of global GDP and greenhouse gas emissions, and 80% of the total market capitalization of global capital markets excluding the US [1] - China has initiated the construction of a unified sustainable disclosure standard system with the release of the "Corporate Sustainable Disclosure Standards - Basic Standards (Trial)" [1] Group 2 - Emmanuel Faber, the ISSB Chair, welcomed China's efforts to develop a national unified sustainable disclosure standard based on ISSB guidelines, highlighting China's commitment to enhancing the quality and transparency of climate-related financial information [2] - The conference emphasized that embracing ISSB standards can significantly improve the international competitiveness and financing capabilities of Chinese enterprises, guide capital towards green and low-carbon sectors, and promote higher levels of openness in China's capital markets [2] - The Ministry of Finance of China is actively participating in international governance in the sustainable disclosure field and aims to establish a unified sustainable disclosure standard system by 2030 [3] Group 3 - The People's Bank of China is revising the "Sustainable Information Disclosure Guidelines for Financial Institutions" to enhance comparability with international standards and improve environmental information disclosure levels [3] - The conference highlighted China's significant achievements in ESG development, establishing a unique framework and practical path for sustainable development [4] - China National Railway Group has recognized the importance of ISSB standards in enhancing corporate transparency and investor confidence, actively implementing these standards [4]

Core Viewpoint - The article emphasizes the importance of ESG practices in corporate development to address climate change challenges, highlighting the progress made in establishing a unified sustainable disclosure standard in China by 2027 and a complete system by 2030 [1][2]. Group 1: Sustainable Disclosure Standards - The Ministry of Finance, in collaboration with multiple departments, has made significant strides in developing a unified sustainable disclosure standard, with the release of the draft "Corporate Sustainable Disclosure Standard No. 1 - Climate (Trial)" marking a shift from macro frameworks to specific issues [2][3]. - The Ministry plans to establish a sustainable disclosure standard system that includes basic standards, climate standards, and verification standards by 2027, with a complete system expected by 2030 [1][2]. Group 2: Implementation Mechanisms - A collaborative governance framework is being formed, with the Ministry of Finance acting as a guiding unit to establish a national standardization technical committee for environmental and social governance [2][3]. - The Ministry aims to enhance inter-departmental cooperation to translate sustainable disclosure requirements into specific regulatory demands, fostering a cohesive approach to governance [2][3]. Group 3: Capacity Building - The article outlines five key areas for future work, including enhancing the capacity of enterprises to disclose sustainable information voluntarily, allowing time for preparation before mandatory implementation [3][4]. - Large enterprises, including state-owned and private companies, are encouraged to lead in the voluntary implementation of these standards to build experience [3][4]. Group 4: Third-Party Support - The article highlights the need for third-party institutions, such as accounting firms, to improve their capabilities in providing sustainable disclosure services, which are crucial for the application of the standards [4][5]. - There is an emphasis on the importance of enhancing the quality of sustainable information provided by these institutions [4]. Group 5: International Cooperation - The Ministry of Finance expresses a commitment to deepen international dialogue and cooperation in sustainable development, aiming for compatibility and coordination of standards to support global sustainable economic and environmental development [5].

新京报贝壳财经讯（记者阎侠）6月19日，由国际财务报告准则基金会北京办公室主办，中国中车集团 有限公司承办的2025年北京国际可持续大会在北京召开，大会主题是"推动全球基准落地实施：构建包 容协同的可持续信息披露生态体系"。 会上，ISSB（国际可持续准则理事会）主席范易谋（Emmanuel Faber）表示："ISSB准则为投资者提供 透明的信息，帮助他们在快速变化的市场中识别跨时间维度的价值链风险和机遇。越来越多的监管机构 与国际证监会组织密切合作，认识到分阶段采用ISSB准则的政策理由，既能提升其司法管辖区内获取 资本和贸易的能力，也能帮助投资者做出明智的投资决策。各司法管辖区在与ISSB准则的全球基准保 持一致方面进展显著，这些司法管辖区代表了全球资本市场市值的重要份额，我们将为全球资本市场提 供更高质量的可持续相关风险和机遇的财务信息。" 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、秘书长彭华岗表示："作为世界第二大经 济体和负责任大国，中国正以系统性创新深度融入全球ESG发展浪潮，为世界贡献中国智慧与中国方 案。中国ESG发展已取得阶段性显著成就，构建了具有自身特色的体系框架与实践路径。 ...

Core Viewpoint - The report highlights the continuous deepening of China's green finance system, with local pilot projects accelerating, market scale steadily expanding, and innovative products emerging, providing strong financial support for the "dual carbon" goals [1]. Group 1: Policy Dynamics - In the first five months of 2025, numerous green finance policies were introduced, with central and local efforts working in tandem to accelerate the formation of a multi-level green finance system [2]. - Shanghai has established a "1+N+X" green finance organizational structure, while Jiangsu has launched a "1+N+N" transformation financial support directory targeting eight high-carbon industries [2]. - The National Development and Reform Commission released a new version of the "Green Technology Promotion Directory," covering 112 low-carbon technologies [2]. - China successfully issued 6 billion yuan in green sovereign bonds on the London Stock Exchange, indicating strong international market recognition of Chinese green assets [2]. Group 2: Market Data - In the first five months of 2025, China's green finance market maintained high activity levels, with 236 new green bonds issued, totaling 411.03 billion yuan [3]. - The balance of green loans reached 40.61 trillion yuan by the end of March 2025, reflecting a year-on-year growth of 34.2% [3]. - The national carbon market saw a trading volume of 22.74 million tons and a transaction value of 1.751 billion yuan from January to May [4]. Group 3: Innovation and Product Diversification - In May 2025, several innovative green finance products were launched, including the first "green + rural revitalization + dual basin" labeled bond [5]. - Agricultural Development Bank introduced the "twin green bond" mechanism, exploring market comparisons between green and ordinary bonds [5]. - Industrial and Commercial Bank launched a multi-currency carbon-neutral offshore bond, focusing on clean transportation and renewable energy projects [5]. Group 4: Outlook - Green finance is becoming a key engine for high-quality economic development, with expectations for further advancements in climate investment and financing trials, unified ESG standards, and continuous industrialization of green technologies [6][7].

(2)可持续披露：香港财库局于去年12月推出《香港可持续披露路线图》，就大型公众责任实体不迟于 2028年全面采用ISSB准则提供清晰的路径，使香港成为首批将本地准则衔接国际财务报告可持续披露 准则(ISSB准则)的司法管辖区。作为第一步，港交所 (00388) 已于今年1月起分阶段实施依据《ISSB准 则第2号：气候相关披露》制订的新气候信息披露规定。当局会继续与持份者紧密合作，推动与ISSB准 则的衔接。 (3)技能培训和合作：香港财库局继续透过"绿色和可持续金融培训先导计划"，鼓励本地合资格从业 员、相关专业人士和修读相关学科的学生及毕业生参与培训。截至今年4月，已有超过6,400宗发还款项 申请获成功审批，涉及的总资助金额约3,580万元。合资格培训课程及资历达92个，由本地大学的专业 进修学院、专业机构、国际培训机构等提供，并会不断更新。为持续支持本地绿色金融人才的培训，先 导计划会延长至2028年。 香港财库局亦透过大型会议、研讨会及其他持份者交流活动，加强与绿色和可持续金融相关的技能培训 和合作。据悉，香港将于今年9月举办第二届"香港绿色周"，本届的主题为"共铸可持续未来"。为期一 周的活动将广 ...

金十数据5月17日讯，在5月17日举行的第十三届（2025）SIIFC国际研讨会上，国际可持续准则理事会 （ISSB）主席特别顾问兼北京办公室主任张政伟表示，随着金融市场对可持续投融资的关注度日益上 升，建立统一的可持续披露准则是大势所趋。 （上证报） 张政伟：建立统一的可持续披露准则是大势所趋 ...

Group 1 - The Ministry of Finance and the Ministry of Ecology and Environment jointly released the "Corporate Sustainable Disclosure Guidelines No. 1 - Climate (Trial) (Draft for Comments)" on April 30, with a feedback deadline of May 31, 2025 [1][2] - The guidelines will include application guidelines for nine specific industries, including electricity, steel, coal, oil, fertilizer, aluminum, hydrogen, cement, and automobiles, to provide direction for the application of basic and climate guidelines [1][2] - The overall goal is to establish a unified sustainable disclosure guideline system in China by 2030, with basic and climate guidelines expected to be released by 2027 [2][3] Group 2 - The "Climate Guidelines Draft for Comments" consists of six chapters and 47 articles, maintaining high consistency with the "Basic Guidelines" in terms of objectives, disclosure targets, and technical requirements [3] - The draft aligns with international standards, particularly in disclosing climate-related risks and opportunities, and encourages companies to pursue low-carbon development [3] - Companies will have the option to voluntarily implement the guidelines before formal requirements are established [3]

Core Viewpoint - The recent release of the draft "Corporate Sustainability Disclosure Standard No. 1 - Climate (Trial) (Draft for Comments)" marks significant progress in China's unified sustainability disclosure framework, aligning with international standards while considering local industry needs [2][3][4]. Group 1: Regulatory Developments - The draft consists of six chapters and 47 articles, covering governance, strategy, risk and opportunity management, indicators and targets, and appendices [2]. - The draft incorporates Scope 3 emissions into the national climate information disclosure framework for the first time, setting specific disclosure requirements [2][5]. - The rapid development of these standards indicates a proactive approach to climate governance, with expectations for formal adoption possibly within the year, ahead of the previously set 2027 timeline [3][4]. Group 2: Implementation Flexibility - The draft emphasizes a separation between the formulation and implementation of standards, allowing companies to voluntarily disclose information before mandatory requirements are established [4][5]. - Companies are encouraged to adopt low-carbon practices, but the draft provides flexibility in disclosing Scope 3 emissions, allowing for management disclosures instead of quantitative data in certain cases [5][6]. Group 3: Industry-Specific Guidelines - The Ministry of Finance is developing application guidelines for nine specific industries, including power, steel, and finance, to address the unique disclosure needs of each sector [8]. - Financial institutions are required to disclose financing emissions related to Scope 1, Scope 2, and Scope 3, enhancing transparency and accountability in climate-related responsibilities [8][9]. Group 4: Challenges in Disclosure - The complexity of calculating Scope 3 emissions poses significant challenges, particularly for small and medium-sized enterprises that may lack the necessary data collection capabilities [7][9]. - The lack of a unified global standard for Scope 3 emissions complicates the disclosure process, leading to inconsistencies in data quality and comparability among companies [7][9].