近日，财政部与生态环境部联合发布《企业可持续披露准则第1号——气候（试行）（征求意见 稿）》（以下简称《气候准则征求意见稿》），标志着我国可持续信息披露准则体系建设取得重要进 展。 "《气候准则征求意见稿》旨在规范企业披露气候相关风险、机遇和影响的信息，向投资者、债权 人、政府及其有关部门和其他利益相关方提供重要的气候相关信息，以便其做出经济决策、资源配置或 者其他决策。"中央财经大学绿色金融国际研究院ESG中心联合主任杨晨辉表示，该文件的发布标志着 可持续信息披露准则工作的重要进展，同时充分表明我国全力推进并引领社会经济高质量发展的决心。 可持续披露准则体系建设稳步推进 2023年以来，财政部稳步推进我国可持续披露准则体系建设。2024年5月，财政部发布《企业可持 续披露准则——基本准则（征求意见稿）》；同年11月，财政部等九部门联合印发《企业可持续披露准 则——基本准则（试行）》（以下简称《基本准则（试行）》），拉开了国家统一的可持续披露准则体 系建设序幕，为气候准则等具体准则的制定奠定了基础。 在《基本准则（试行）》中，财政部明确了企业可持续披露准则整个体系包括基本准则、具体准则 和应用指南三大模块。具 ...

Group 1 - The Ministry of Finance and the Ministry of Ecology and Environment jointly released the "Corporate Sustainable Disclosure Guidelines No. 1 - Climate (Trial) (Draft for Comments)" on April 30, with a feedback deadline of May 31, 2025 [1][2] - The guidelines will include application guidelines for nine specific industries, including electricity, steel, coal, oil, fertilizer, aluminum, hydrogen, cement, and automobiles, to provide direction for the application of basic and climate guidelines [1][2] - The overall goal is to establish a unified sustainable disclosure guideline system in China by 2030, with basic and climate guidelines expected to be released by 2027 [2][3] Group 2 - The "Climate Guidelines Draft for Comments" consists of six chapters and 47 articles, maintaining high consistency with the "Basic Guidelines" in terms of objectives, disclosure targets, and technical requirements [3] - The draft aligns with international standards, particularly in disclosing climate-related risks and opportunities, and encourages companies to pursue low-carbon development [3] - Companies will have the option to voluntarily implement the guidelines before formal requirements are established [3]

Core Points - Climate information disclosure is becoming a key focus for corporate sustainability reporting, with the Ministry of Finance recently releasing the "Corporate Sustainability Disclosure Standards No. 1 - Climate (Trial) (Draft for Comments)" [1] - The draft emphasizes the need for companies to disclose greenhouse gas emissions categorized into Scope 1, 2, and 3, and to build a disclosure framework around four pillars: governance, strategy, risk and opportunity management, and metrics and targets [1][3] Group 1: Regulatory Framework - The draft is the first specific standard focusing on climate issues, following the basic sustainability disclosure standards released in November 2024 [1] - The Ministry of Finance plans to establish a unified sustainability disclosure standard system by 2030, with the climate standards expected to be finalized by 2027 [2] - The draft aligns closely with international standards, facilitating the integration of domestic practices with global frameworks [2] Group 2: Disclosure Requirements - Companies are required to disclose governance structures overseeing climate-related risks and opportunities, including how performance metrics are integrated into compensation policies [3] - The strategic dimension requires companies to disclose how climate-related risks and opportunities impact their strategies, financials, and resilience to climate change [3] - In terms of risk and opportunity management, companies must outline their processes for identifying, assessing, and monitoring climate-related risks and how these processes fit into their overall risk management systems [4] Group 3: Emission Accounting - The draft specifies that companies must disclose their total greenhouse gas emissions, with a focus on Scope 3 emissions, which are often the most challenging to quantify [4] - Financial institutions are particularly required to disclose information related to their financed emissions, which typically represent a significant portion of their total emissions [4] - Unlike the international GHG Protocol recommended by IFRS S2, the draft localizes the accounting standards, requiring companies to follow national carbon emission accounting standards [4] Group 4: Implementation Challenges - The climate information disclosure poses challenges for companies in measuring, analyzing, and planning their greenhouse gas emissions [6] - Companies are encouraged to adopt a gradual approach to implementing the standards, starting with qualitative disclosures if quantitative data is not available [7] - The draft suggests that companies with the capacity should actively explore pilot projects and develop feasible disclosure plans [7]

Group 1 - The Ministry of Finance and the Ministry of Ecology and Environment of China released the "Corporate Sustainability Disclosure Standards No. 1 - Climate (Trial) (Draft for Comments)" on April 30, 2023, which consists of six chapters and 47 articles covering governance, strategy, risk and opportunity management, indicators and targets, and appendices [1][2] - The governance chapter outlines disclosure objectives related to governance structures, management information, and third-party verification requirements [1] - The indicators and targets chapter specifies general and industry-specific climate-related indicators, climate-related goals, and the basis for greenhouse gas emissions accounting [1] Group 2 - The implementation of the climate standards will initially be voluntary for companies, considering their actual disclosure capabilities, before formal requirements are established [2] - Guidelines for nine specific industries, including electricity, steel, coal, oil, fertilizer, aluminum, hydrogen, cement, and automotive, are being developed to provide guidance for the application of the basic and climate standards [2] - The overall goal is to establish a unified sustainability disclosure standard system in China by 2030, with basic and climate standards expected to be released by 2027 [1][2]

Group 1 - The core viewpoint of the article is the introduction of the draft "Corporate Sustainability Disclosure Standards No. 1 - Climate (Trial) (Consultation Draft)" by the Ministry of Finance and the Ministry of Ecology and Environment, which aims to establish a unified climate disclosure standard in China [2][3] - The draft consists of six chapters and 47 articles, covering general principles, governance, strategy, risk and opportunity management, indicators and targets, and appendices [2] - Companies are required to identify climate-related risks and opportunities that may reasonably be expected to affect their development prospects and disclose the financial impacts of these risks and opportunities [2][3] Group 2 - Specific climate indicators that companies must disclose include greenhouse gas emissions, climate-related physical risks, transition risks, opportunities, capital allocation, internal carbon pricing, and compensation metrics [3] - For Scope 3 greenhouse gas emissions, companies must determine and disclose the categories included in their measurement based on their value chain [3] - The Ministry of Finance indicates that the draft aligns with the International Financial Reporting Sustainability Disclosure Standards No. 2 - Climate-related Disclosures (S2), promoting low-carbon and green development while considering the actual disclosure capabilities of Chinese companies [3][4] Group 3 - The Ministry of Finance is developing application guidelines for nine specific industries, including electricity, steel, coal, oil, fertilizers, aluminum, hydrogen, cement, and automobiles, to provide guidance for the implementation of the basic and climate standards [4]