Group 1: China's Green Finance Development - China is actively formulating new NDC targets for 2035, which will require specific low-carbon transition plans from regions, institutions, and enterprises [1] - The Green Finance Committee aims to support the implementation of transition finance standards and the development of new financial products to facilitate the low-carbon transition [1][6] - Current definitions of green finance are insufficient to support high-carbon industries in their transition to low-carbon, necessitating the establishment of a transition finance framework [1][6] Group 2: Global Climate Financing Landscape - Despite the U.S. withdrawal from the Paris Agreement and other international frameworks, the actual impact on global sustainable finance is limited, with global sustainable investments reaching approximately $3 trillion annually, of which $1.2 trillion comes from China [2][3] - Government funding constitutes only about 10% of global sustainable investment, indicating that the majority is driven by social capital [2] - The contribution of developed countries to climate financing for developing nations is less than $100 billion, accounting for less than 2% of global sustainable investment needs [2] Group 3: International Cooperation and Standards - The international community, excluding the U.S., should enhance leadership in establishing standards and mobilizing social capital for sustainable investment [4] - The Sustainable Finance International Platform (IPSF) aims to create compatible sustainable finance standards, with a focus on enhancing comparability and consistency [4][5] - The ISSB standards have been adopted by around 40 countries, including China, which has introduced its own version of the ISSB standards to promote global adoption [5] Group 4: Transition Finance Products - Transition finance currently focuses on debt instruments, with a need to develop equity and insurance-related financial tools to support transition enterprises [6][7] - There is a demand for equity-based transition financial tools, such as transition funds, to help high-quality transition enterprises expand their capital [7] Group 5: Emerging Technologies in Green Finance - The discussion around tokenization of green assets is gaining traction, with RWA (Real World Assets) being a suitable application for blockchain technology in green finance [8] - Blockchain can enhance the tracking of financial and environmental data related to green assets, thereby mitigating "greenwashing" risks and improving asset liquidity [8]

Group 1: Conference Overview - The third Zero Carbon Collaborative Innovation Conference was held in Chengdu, focusing on the theme of "ISSB Sustainable Disclosure Standards Learning Partner" [1] - The conference attracted over 200 guests from various sectors, including enterprises, universities, and research institutions, to discuss the application and implementation of ISSB standards [1] Group 2: Key Presentations - The ISSB Chairman's advisor, Zhang Zhengwei, emphasized the transition of sustainability disclosure from non-financial to financial reporting, highlighting its significance in integrating sustainability into core business value creation [1] - Tianqi Lithium's Executive Vice President, Zou Jun, discussed the symbiotic relationship between the lithium industry and net-zero goals, stressing the importance of innovation and collaboration across the supply chain to achieve carbon reduction targets by 2030 [2] - Zhang Guohao from China Southwest Architectural Design and Research Institute introduced a new model for integrated low-carbon renovation services in the construction industry, focusing on design consulting as a key link to address market disconnections [2] - Ndidi Nnoli-Edozien from ISSB highlighted the importance of multi-stakeholder collaboration in global sustainability efforts, calling for Chinese enterprises to contribute their insights for impactful global standards [3] Group 3: Initiatives and Agreements - The conference saw the signing of the "Xinglong Lake Sustainable Consensus," aimed at creating a national near-zero carbon demonstration zone through collaborative efforts in technology and resource integration [6] - The "Supply Chain ESG Management Initiative" expanded to include four new companies, enhancing its influence and supporting the construction of a sustainable supply chain aligned with the UN's 2030 Sustainable Development Goals [6] Group 4: Challenges and Focus Areas - The chairman of the Chengdu Zero Carbon Collaborative Innovation Promotion Association, Zhang Yalong, raised concerns about the stagnation of over one-third of the established 2030 sustainable development goals, particularly in areas affected by climate change [4] - The need for trust-building in social sustainability was emphasized, linking it to geopolitical issues and the broader impacts on digital and social relationships [4]

Core Viewpoint - The ISSB sustainable disclosure standards are essential for promoting green transformation in emerging markets, but effective implementation requires a combination of disclosure, actual actions, and accountability [1][3]. Group 1: Challenges in Emerging Markets - Emerging markets face challenges such as unreliable sustainable data, insufficient regulatory enforcement, and low awareness of sustainability issues, making it difficult for companies to adopt ISSB standards [2]. - The ISSB recognizes these challenges and emphasizes a proportionality principle, allowing companies to start with basic disclosures and gradually enhance their capabilities over time [2]. Group 2: Importance of Actionable Disclosure - Sustainable financial information disclosure is crucial but must be coupled with actual actions and accountability to drive real change [3]. - The ISSB standards focus on governance, strategy, risk and opportunity management, and targets and metrics, aiming to provide investors with decision-useful information [3][5]. Group 3: Long-term Investment in Green Infrastructure - Directing capital towards long-term green infrastructure is vital, especially in emerging markets where investors face inconsistent incentives and regulatory uncertainties [6]. - The ISSB requires companies to disclose not only short-term financial conditions but also how they create long-term value in a climate-constrained world [6]. Group 4: Differentiation for Chinese Solar Companies - Chinese solar companies can leverage ISSB standards as a competitive advantage by proactively disclosing sustainable practices, thereby establishing themselves as industry leaders [7]. - Companies that excel in sustainable disclosure are more likely to attract sustainability-sensitive investors and access high-end export markets [7]. Group 5: Sino-African Cooperation in Clean Energy - There are several landmark projects in Sino-African clean energy cooperation, such as solar and hydroelectric projects, showcasing the potential for collaboration in green sectors [8]. - Future opportunities include joint projects in battery storage, off-grid solar, and smart agriculture technology transfer, which can benefit from ISSB standards to enhance transparency and attract international funding [8]. Group 6: Leveraging Cultural Heritage for Sustainability - Chengdu's unique ecological philosophy can be integrated into modern urban planning to promote sustainable development [9]. - By following ISSB standards, Chengdu companies can demonstrate how their natural cultural assets enhance long-term resilience and value, potentially setting a benchmark in the global green economy [9].

Core Viewpoint - The establishment of a unified sustainable disclosure framework in China, based on international standards, is set to enhance transparency and attract international capital, thereby promoting sustainable economic growth [1][4][5]. Group 1: Sustainable Disclosure Standards - The ISSB has released its first two sustainable disclosure standards, IFRS S1 and IFRS S2, which provide a global benchmark for sustainable financial information disclosure [2][3]. - China's sustainable disclosure standards are designed to align with ISSB standards, ensuring that they reflect international best practices while being tailored to China's unique context [2][4]. Group 2: Impact on Capital Markets - The implementation of ISSB standards in China is expected to improve the transparency of Chinese enterprises in the international market, enhancing their attractiveness to foreign investors [4][5]. - A total of 36 countries and regions have announced their adoption or intention to adopt ISSB standards, representing 60% of global GDP and greenhouse gas emissions, which underscores the significance of these standards in the global market [5]. Group 3: Role of China in Global Standards - China has actively participated in the development of ISSB standards, contributing to the global agenda for sustainable disclosure [6][7]. - The establishment of a Beijing office by the IFRS Foundation and the formation of a cross-departmental working group by the Chinese government demonstrate China's commitment to enhancing the quality and transparency of climate-related financial information [7].

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]

Core Viewpoint - The increasing global focus on Environmental, Social, and Governance (ESG) issues is driving the need for enhanced corporate sustainability information disclosure, with a unified national standard being developed in China [1][2]. Group 1: Sustainable Disclosure Standards - The Ministry of Finance and nine other departments jointly issued the "Corporate Sustainability Disclosure Standards - Basic Standards (Trial)" in December last year, marking the beginning of a unified national sustainable disclosure standard system [2]. - The Ministry of Finance and the Ministry of Ecology and Environment released the "Corporate Sustainability Disclosure Standards No. 1 - Climate (Trial) (Draft for Comments)" in April 2025, indicating solid progress in the construction of the unified disclosure standards [2]. - The goal is to establish a national unified sustainable disclosure standard system by 2030, as stated by the Director of the Accounting Department of the Ministry of Finance, Lin Qiyun [2]. Group 2: International Standards and Cooperation - The International Sustainability Standards Board (ISSB) provides transparent information for investors, helping them identify risks and opportunities across time dimensions in rapidly changing markets [2]. - The ISSB Chairman, Emmanuel Faber, supports China's development of national unified sustainable disclosure standards based on ISSB guidelines, highlighting China's commitment to improving the quality and transparency of climate-related financial information [2]. - Currently, 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 global capital market value excluding the United States [3]. Group 3: Implications for Chinese Enterprises - Unified and comparable sustainability information disclosure is seen as a cornerstone for the long-term stable development of global capital markets [3]. - The adoption of ISSB standards by Chinese stakeholders is expected to enhance the international competitiveness and financing capabilities of Chinese enterprises [3]. - This shift is anticipated to effectively guide capital towards supporting green and low-carbon sectors, providing financial support for achieving carbon neutrality goals [3].

Core Viewpoint - The 2025 Beijing International Sustainable Conference emphasized the importance of establishing a collaborative and inclusive sustainable information disclosure ecosystem, aligning with global standards to enhance transparency and investor decision-making [1][3]. Group 1: ISSB and Global Standards - The ISSB Chairman highlighted that ISSB standards provide transparent information for investors, aiding in the identification of value chain risks and opportunities over time [3]. - There is significant progress among jurisdictions representing a substantial share of global capital markets in aligning with ISSB standards, which will enhance the quality of financial information related to sustainability [3]. - The ISSB encourages China to develop a unified national sustainable disclosure standard based on ISSB guidelines, recognizing China's efforts to improve the quality and transparency of climate-related financial information [3][5]. Group 2: China's Commitment to Sustainable Disclosure - The Director of the Accounting Department of the Ministry of Finance stated that China is actively participating in the international governance of sustainable disclosure and aims to create a unified national standard that reflects international best practices while considering local conditions [5]. - The Ministry of Finance plans to establish a comprehensive sustainable disclosure standard system by 2030, emphasizing the need for collaboration among various stakeholders [5]. - The People's Bank of China is revising the "Guidelines for Sustainable Information Disclosure by Financial Institutions" to enhance comparability with international standards and improve environmental information disclosure [7]. Group 3: Contributions and Achievements - The President of the China Enterprise Reform and Development Research Association noted that China has made significant progress in ESG development, contributing to a unique framework and practical path for sustainable practices [9]. - China National Railway Group has recognized the value of ISSB standards in enhancing corporate transparency and investor confidence, actively implementing these standards [11]. - The conference featured discussions on the significance of adopting ISSB standards and building a local ecosystem for sustainable disclosure in Hong Kong [13].