Core Insights - The global climate governance is transitioning from "negotiation rules" to "delivery results," with China's 14th Five-Year Plan and the new round of Nationally Determined Contributions (NDC) emphasizing systematic and in-depth requirements for corporate green and low-carbon transformation [3][4] - ESG practices are becoming a benchmark for assessing long-term resilience, innovation capability, and value creation potential of companies, necessitating a shift from compliance disclosure to value creation [4][6] - Key technologies and institutional breakthroughs for carbon reduction, particularly CCUS (Carbon Capture, Utilization, and Storage), are essential for achieving China's NDC goals and effective green transformation [4][13] Group 1: Green Development Experience - Over the past decade, China has built the world's largest and fastest-growing renewable energy system, with a continuous increase in the share of non-fossil energy consumption [5] - The "new three items" such as new energy vehicles and photovoltaic components have gained strong competitiveness in international markets, providing a robust industrial foundation for the 14th Five-Year Plan's focus on constructing a new power system [5][6] - The top-level design of policies for circular economy has become increasingly refined, with over 40 provincial and ministerial-level circular economy plans established since the 18th National Congress of the Communist Party [5] Group 2: Business Model Innovation - Green development must align green requirements with corporate profitability, rather than viewing them as opposing forces, which is essential for advancing green development [6] - Chinese enterprises need to enhance the innovativeness of their business models and adapt their technological innovation capabilities accordingly [6] - Companies should integrate green transformation into product development and engage downstream customers with green product demands [6] Group 3: Energy Security and Technological Innovation - Energy security is the primary guarantee for green transformation, requiring a systematic approach rather than relying on a single technology or policy [7] - A new power system should be supported by technologies that enhance flexibility, such as energy storage and demand-side response [7] - The establishment of a pricing signal mechanism that accurately reflects the value of power supply and demand is crucial for guiding efficient allocation of flexible resources [7] Group 4: Carbon Disclosure and Supply Chain Management - Supplier carbon disclosure should be based on clear standards, with leading enterprises determining and providing templates for suppliers to fill out [8][9] - To ensure authenticity and credibility, leading enterprises should involve third-party organizations with established methodologies for verification [8] - Leading enterprises can collaborate with peers and upstream suppliers to promote the establishment of carbon emission standards in industries lacking national standards [9] Group 5: Supplier ESG Performance Improvement - Leading enterprises should adopt a tailored approach to drive sustainable reform in their supply chains, considering the varying capabilities of suppliers [10] - Actions should extend beyond ESG assessments to include training and optimization for suppliers, fostering a supportive environment for improvement [10][11] - Specific corrective suggestions should be provided to suppliers with low ESG scores, along with incentives such as shorter payment terms and better procurement prices [11] Group 6: Carbon Emission Accounting - Companies can utilize consulting firms to develop carbon emission accounting models based on GHG Protocol standards, ensuring alignment with international and domestic standards [12] - Carbon emissions should be categorized into major and minor categories to identify key emission sources and potential reduction areas [12] - Cross-industry best practices should be leveraged to clarify specific carbon reduction directions [12] Group 7: Future Key Technologies and Breakthroughs - CCUS is a critical component of achieving global net-zero goals, with significant progress in engineering practices in China [13][14] - Further development of CCUS requires breakthroughs in policies, technologies, and industry collaboration [13][14] - A strong incentive and regulatory policy framework is necessary to support CCUS projects and ensure their orderly development [14]