Group 1 - The rapid development of the green finance market has led to an increase in relevant information and data, with the Green Finance Weekly focusing on the latest trends and providing decision-making references for stakeholders [1] Group 2 - The Ministry of Finance and other departments released the "Corporate Sustainability Disclosure Guidelines No. 1 - Climate (Trial)", marking a significant step in the practical implementation of China's corporate sustainability information disclosure system [2] - The core value of the "Climate Guidelines" is to standardize and normalize information disclosure, helping enterprises identify transition risks and opportunities, and providing essential data for financial institutions to assess climate risks [2][3] - The guidelines signal China's commitment to climate governance and its proactive attitude towards aligning with international standards [2] Group 3 - The national carbon market saw a highest price of 76.34 yuan/ton last week, with a closing price increase of 15.95% compared to the previous week [5] - The total transaction volume of carbon emission allowances reached 15,655,615 tons last week, with a total transaction value of approximately 1.12 billion yuan [5] Group 4 - The first carbon finance alliance in China was established in Hubei, focusing on innovation in carbon finance, financial empowerment for industry breakthroughs, and talent cultivation [7] - Guangzhou's "14th Five-Year Plan" suggests establishing a three-in-one green finance support system, enhancing the ecological product market transaction mechanism [8] Group 5 - The first cross-border photovoltaic leasing business in the financial leasing industry was successfully completed by Puyin Financial Leasing, marking a significant step in cross-border leasing services for green projects [9] - The successful fundraising of the China Nuclear Clean Energy REIT, with a subscription amount of 161.69 billion yuan and a public investor subscription multiple of approximately 392 times, indicates strong market recognition for quality green energy projects [10][11]

□ 金刚沈雯佳 重点行业绿色低碳转型并非一蹴而就，在实践中仍面临不少现实难题，集中体现在"愿不愿意转"和"能 不能转"两个方面。一方面，部分企业转型动力不足，不愿意转。节能降碳改造通常涉及工艺升级、设 备更新，短期内只有合规收益，经济收益难以迅速体现。在"内卷式"竞争的背景下，一些企业更倾向于 维持既有生产模式，对转型持观望态度。同时，我国不同地区监管标准和执行力度存在显著差异，也给 了相关企业通过易地搬迁躲避治理的空间，进一步制约了转型积极性。另一方面，一些企业即便具备转 型意愿，也受到现实能力约束，面临不能转的问题。重点行业节能降碳改造资金需求大、技术门槛高， 往往需要大规模、长期性的持续投入，而融资渠道受限、资本成本偏高等因素，使部分企业陷入"想转 却转不了"的困境。 夯实金融支点，既要用好绿色信贷形成刚性约束，也要通过转型金融提供必要支撑，更要以数智技术提 升政策执行和资源配置的有效性。只有在约束与激励并重、压力与支持并行的框架下，才能形成推动重 点行业节能降碳改造的长效机制，为实现我国"双碳"目标、推动经济实现质的有效提升和量的合理增长 提供坚实保障。 (作者分别为南京大学商学院副教授；苏银理财有限 ...

在信息披露的深度层面，范围3温室气体排放的核算与披露仍是难点。据梳理，2024年报告期内有10家银行尝试披露范围3排放，较去年增加6家，但各机构 披露的具体口径与覆盖范围存在较大差异。北京绿色金融协会方面曾表示，对于披露尚不完善的银行，应将碳排放披露提升至战略层面进行系统规划。 基于上证180、深证100等主要市场指数的最新调整结果，A股银行ESG强制信息披露名单实现扩容，新增成都银行与上海农村商业银行（沪农商行）两家机 构。至此，适用《上市公司自律监管指引——可持续发展报告》强制披露要求的上市银行数量达到27家。 根据统计，目前这27家银行的整体构成包括6家国有大型商业银行、9家股份制银行、10家城市商业银行以及2家农村商业银行。这代表着超过六成的A股上 市银行（共计42家）正式进入ESG强制披露序列。公开资料显示，上述银行均已完成了2024年度ESG报告的编制与发布。 强制性信息披露框架将银行业ESG实践的重心聚焦于运营碳排放与绿色金融业务。在已披露碳排放数据的26家银行中，有16家银行的年度碳排放总量实现同 比下降。然而，数据显示不同机构的减碳进展参差不齐，部分银行碳排放量仍同比上升，其中北京银行与南京 ...

Core Insights - Eesti Energia AS has updated its Green Finance Framework to align future financing with new investment initiatives [1] - The company issued its first Green Finance Framework in 2024 and has raised EUR 400 million through a green hybrid bond [2] - Proceeds from green financing have been allocated to projects such as the distribution network and EV charging infrastructure [2] Investment Categories - The renewed framework now includes wind and solar generation and battery energy storage systems (BESS) as eligible investment categories [3] - The long-term roadmap aims to increase the share of renewables and reduce CO₂ emissions [3] - A Second Party Opinion for the framework has been provided by ISS Corporate [3]

一场围绕绿色金融与可持续投资的深度对话，即将在2025青岛财富论坛上拉开帷幕。 立足国家战略，回应时代关切 12月26日，以"财富管理助力中国式现代化青岛实践"为主题的2025青岛财富论坛将在青岛金家岭金融区 举办。作为平行分论坛之一，2025绿色金融发展青岛大会暨创投风投ESG联盟年会也将同步举行。 本次会议将继续发挥其独特的平台聚合功能，汇聚政府部门、行业协会、股权投资机构、创新企业以及 学术智库等多方力量，共同探讨绿色金融发展新理念、新趋势、新路径，促进绿色项目与金融资本的精 准对接，推动绿色技术转化与产业落地，最终服务于新质生产力的培育与实体经济高质量发展。 作为此次会议的举办地，金家岭金融区作为全国唯一以财富管理为主题的金融综合改革试验区，近年来 在科技金融、绿色金融、养老金融等"五篇大文章"上深耕细作，已成为青岛金融开放创新的"策源地"与 产业资本集聚的"强枢纽"。 因此，本次大会的举办，不仅是青岛展示其绿色金融发展成果与抱负的窗口，更将成为联动各方力量、 共筑绿色金融生态体系的一次务实行动。 党的二十届四中全会指出，要落实促进绿色低碳发展的财税、金融、投资、价格、科技、环保政策，为 金融服务绿色 ...

Eesti Energia AS announces that it has published its Green Financing Report for FY2024, covering the period from 1 July 2021 to 31 December 2024. The report has been prepared in accordance with Eesti Energia’s Green Finance Framework (June 2024) and relates to Eesti Energia’s outstanding €400 million Green Hybrid Bond issued in July 2024 (Perpetual Non-Call 5.25 Capital Securities). Allocation highlights (as of 31 December 2024):Based on the Green Financing Report, the Group has allocated €243.4 million to ...

Core Insights - Primaris Real Estate Investment Trust has published its third Sustainability Report and Green Bond Allocation Report, detailing its sustainability initiatives and financial disclosures [1][2][3] Sustainability Report Highlights - The Sustainability Report outlines Primaris' updated sustainability plan, governance practices, and metrics impacting its business, with a focus on transparency [1] - The report includes data for the year ended December 31, 2025, and an analysis of utilities and greenhouse gas emissions for the year ended December 31, 2024 [1] Green Finance Framework - In June 2025, Primaris introduced its Green Finance Framework, allowing for the issuance of green bonds and loans [2] - The Green Bond Allocation Report details the allocation of proceeds to eligible green projects and received a Second Party Opinion from Moody's confirming its alignment with the International Capital Market Association's Green Bond Principles [2] Financial and Environmental Achievements - Primaris issued $450 million in green bonds to fund green building acquisitions and completed property-level decarbonization plans [3] - The company achieved a 5.5% reduction in like-for-like greenhouse gas emissions year-over-year and a 10% reduction against the baseline year of 2022 [5] - 100% of shopping centers are green building certified, and 83.3% of new retail leases signed in 2025 are considered "green" [5] Social Impact - Primaris donated over $1 million to local organizations and contributed more than 67,000 pounds of food to those in need [3] - The company achieved an 83% tenant satisfaction score and implemented a data tracking system for community engagement activities [5] Governance and Performance Metrics - Primaris achieved a GRESB 3-star rating in 2025, scoring 84 on a 100-point scale, and received Sector Leader Status for Retail in the Americas [5] - The company maintains an "A" MSCI ESG Rating and has established sustainability targets linked to business performance metrics [6]

（原标题：Jack Yuan: Green Insurance Backing for Energy Storage's Expansion Lies a Trillion-Dollar New Market） SFC Correspondent Lu Taoran, Li Deshangyu Multinationals on China: Generali China Insurance is the first Sino-foreign joint-venture property insurance company in China and became wholly foreign-owned last September. Why does GCI focus on the green insurance sector? Jack Yuan: This strategic choice is driven by multiple factors. As a wholly foreign-owned enterprise, differentiation is essential in the fi ...

Key Arguments - The current financial architecture is not designed for a world of constant crisis, reacting instead of anticipating risks [6] - South Africa needs hundreds of trillions of US dollars by mid-century to tackle climate change [7] - The Just Energy Investment Plan estimates a need of $98 billion over the next 5 years to transition to a low-carbon economy [7] - Of the $11.5 billion secured for the Just Energy Transition, only 7% is in the form of grants, while over half are loans [8] Financial Resilience & Investment Strategies - Financial resilience is defined as the ability of markets to adapt to and absorb shocks while maintaining sustainability and growth [6] - Catalytic capital is essential for absorbing risks and unlocking further investment [8] - The Galapagos Islands debt-for-nature swap demonstrates how layered funding models (donor grants, concessional loans, institutional investment) can turn debt into climate action [15][16] - South Africa's Green Outcomes Fund has leveraged 100 million rand in public money to create four times that amount in private sector funding for small green jobs [19] Recommendations for Systemic Change - Build capacity in communities for governance and finance, and in investors for local context [20] - De-risk resilience investments through guarantees, public funding, and concessional loans [21] - Make resilience attractive by lowering interest rates for climate outcomes and rewarding long-term sustainable views through policy and pricing [21] - Governments need to provide clear policy signals, structure catalytic funds, and simplify processes to facilitate the flow of funds to investable projects [23]

Core Insights - The conference focused on climate investment and financing as a key lever to direct funds towards green and low-carbon sectors, aiming to explore a win-win path for ecological civilization and high-quality development in mega cities [1][3]. Group 1: Climate Investment and Financing - Climate investment and financing are recognized as essential for achieving a virtuous cycle of urban development and supporting the construction of beautiful cities [3]. - The Guangdong province is leading the way in innovative mechanisms for climate investment, establishing a provincial-level promotion mechanism and supporting Guangzhou in creating a multi-dimensional construction model [3][5]. - Guangzhou has integrated climate investment into its urban planning and governance processes, establishing a dedicated working group and a technical support unit for beautiful city construction [3][5]. Group 2: Innovative Practices and Financial Mechanisms - Guangzhou has developed a project library with nearly 100 billion yuan in total investment, facilitating the launch of eight projects and securing financing of nearly 10 billion yuan [5]. - The city’s green loan balance has surpassed 1.6 trillion yuan, with green bonds issued exceeding 259 billion yuan, showcasing the depth of green financial product innovation [5]. - The "Guangdong Carbon Label" pilot program has been initiated to enhance the competitiveness of local enterprises in international markets by managing carbon footprints [6]. Group 3: Ecological Restoration and Urban Resilience - The conference highlighted successful ecological restoration projects, such as the rehabilitation of wetlands in Macau, which have improved biodiversity and attracted rare bird species [4]. - The construction of climate-resilient cities has evolved into a comprehensive system that includes monitoring, natural solutions, and regional collaboration [4]. - The Guangdong-Hong Kong-Macao Greater Bay Area is implementing a high-precision monitoring network for disaster early warning and promoting nature-based solutions [4]. Group 4: Future Plans and Goals - The "Beautiful Guangzhou Construction Planning Outline" aims for significant achievements by 2027 and a harmonious coexistence between humans and nature by 2035, with 28 specific indicators set for implementation [14]. - The upcoming 2025 National Games in Guangzhou will focus on green, low-carbon, and sustainable practices, with a commitment to achieving carbon neutrality through various initiatives [15]. - The South China region is expected to enhance its ecological environment as a foundation for high-quality development, with a vision for a future city characterized by beautiful rivers, coastlines, and strategic platforms [15].