Core Viewpoint - The recent issuance of the "Opinions on Promoting Green and Low-Carbon Transition and Strengthening National Carbon Market Construction" emphasizes the importance of carbon emission accounting and reporting management, as well as the need to improve information disclosure systems [1][2]. Information Disclosure System and Carbon Data Accounting - The "Opinions" require an enhancement of the information disclosure system, mandating timely public disclosure of emissions, compliance, trading, and pledge-related information by key emission units, registration agencies, trading institutions, technical service providers, and financial institutions [2][3]. - As of September 3, 2023, 2,523 A-share listed companies have disclosed their 2024 ESG reports, with a disclosure rate of 46.49% [1]. - The introduction of the "Opinions" expands the scope of disclosure to include financial and technical service institutions, requiring comprehensive information on quota applications, compliance progress, trading details, and pledges [2][3]. Challenges in Carbon Data Management - Small and medium-sized enterprises (SMEs) face significant challenges in carbon data management, including weak data foundations, lack of standardized accounting methods, and insufficient technical capabilities [3][4]. - The "Opinions" highlight the need for improved carbon emission measurement and reporting management, addressing the core shortcomings in corporate carbon data management [3][4]. Corporate Responses and Strategies - Companies are beginning to prepare for the requirements set forth in the "Opinions," with many already conducting carbon audits and accounting [1][3]. - Enterprises are encouraged to build carbon accounting systems, equip key measurement instruments, and establish traceability mechanisms for supply chain carbon data [6][10]. - The need for collaboration among supply chain participants is emphasized, with leading companies expected to drive data collection and reporting efforts [8][10]. Market Activity and Carbon Asset Management - The national carbon market has seen increased trading activity, with an average daily trading volume of 55.26 million tons in August 2023, a 9% increase from July [11]. - Companies are exploring carbon asset management strategies, including carbon quota pledge financing and the development of carbon credit projects [12][13]. - The "Opinions" outline a timeline for industry coverage, with the national carbon market expected to encompass major industrial sectors by 2027 [12][13]. Future Directions and Compliance - Companies are advised to integrate carbon footprint accounting and disclosure into their ESG management frameworks, particularly in supply chain management [10]. - The transition from voluntary to mandatory disclosure of carbon emissions is anticipated, especially for export-oriented industries [10][11]. - The establishment of a robust carbon asset management system is crucial for companies to navigate the evolving regulatory landscape and market dynamics [13][14].