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].