随着国家正式启动"十五五"规划的宏伟蓝图，可持续发展正从一项关键战略，升级为衡量未来经济高质量发展的重要标尺。在此承前启后的 关键时刻，2025年成为中国可持续发展进程从"理念构建"迈向"实践深化"的关键年份。 企业非财务信息披露正经历一场深刻的"范式迁移"。 国务院国资委、证监会及沪深北交易所密集出台《央企ESG专项行动指南(2025)》、《上市公司信息披露管理办法》、《上市公司自律监管指 引——可持续发展报告（试行）》等相关政策，明确要求将可持续发展纳入公司治理核心，推动信息披露从"可选披露"迈向"规范披露"。 在此新周期下，金融机构作为资源配置的核心，已从理念倡导者转变为关键行动者。银行、保险、资管等机构正将ESG深度融入其战略与业 务流程，通过大力发展绿色金融、创新可持续金融产品、践行负责任投资、强化环境风险管理等一系列努力，精准引导金融活水支持实体经 济绿色低碳转型。 为系统梳理并推广实践，《清华金融评论》正式启动"2025可持续发展典型案例征集"活动，旨在搭建一个高层次的实践交流平台，通过征 集、遴选并展示在绿色金融、社会责任及可持续发展治理等领域的优秀案例，树立行业标杆，促进经验共享，共同助力中 ...

每经AI快讯，12月26日，印度能源交易所股价下跌2.1%，因新规出台后市场担忧电力交易量。 ...

1 1.应对气候变化 2.污染物排放 3.废弃物处理 4.生态系统和生物多样性保护 5.环境合规管理 6.能源利用 7.水资源利用 8.循环经济 2 1.乡村振兴 2.社会贡献 3.创新驱动 4.科技伦理 5.供应链安全 6.平等对待中小企业 7.产品和服务安全与质量 8.数据安全与客户隐私保护 9.员工 3 1.尽职调查 2.利益相关方沟通 3.反商业贿赂及反贪污 4.反不正当竞争 1 1. 案例须反映金融机构及上市公司在可持续发展方面的积极风貌，展示本单位在相关领域的实践成果。提交单位须对所提交案例的真实 性和严谨性负责； 2. 提交单位须具有良好的经营情况和社会声誉，无严重负面消息和不良记录； 3. 案例应有助于探索行业未来发展路径，有积极借鉴意义； 4. 报送文件格式为word文件，原则上总字数控制在3000字以内。如有补充材料可另附文件。要求信息完整准确，文字通顺，排版规范。 5. 报送案例框架应包括但不限于以下内容： ①报送单位的基本情况； ②案例的核心要点：如问题发现、解决方案或创新模式等； ③案例的应用情况与效果展示，尽量以数据、视频、图文等全面直观的方式体现； ④案例对于行业发展的积极作用和 ...

Core Viewpoint - The article emphasizes the transition of sustainable development from a strategic concept to a critical measure of high-quality economic growth in China, particularly highlighting 2025 as a pivotal year for deepening practical implementation of sustainability initiatives [3]. Group 1: Policy and Regulatory Framework - The Chinese government has introduced several policies, including the "Central Enterprises ESG Special Action Guidelines (2025)" and the "Management Measures for Information Disclosure of Listed Companies," mandating the integration of sustainable development into corporate governance [3]. - The shift from "optional disclosure" to "standardized disclosure" of non-financial information is being driven by regulatory bodies such as the State-owned Assets Supervision and Administration Commission and the China Securities Regulatory Commission [3]. Group 2: Role of Financial Institutions - Financial institutions, including banks, insurance companies, and asset management firms, are evolving from advocates of sustainability to key actors by embedding ESG principles into their strategies and business processes [3]. - These institutions are focusing on developing green finance, innovative sustainable financial products, responsible investment practices, and enhancing environmental risk management to support the green and low-carbon transition of the real economy [3]. Group 3: Case Collection Initiative - Tsinghua Financial Review has launched a "2025 Sustainable Development Case Collection" to create a high-level platform for sharing best practices in green finance, social responsibility, and sustainable governance [4]. - The initiative aims to identify and showcase exemplary cases that reflect the positive contributions of financial institutions and listed companies towards sustainable development [4]. Group 4: Submission Guidelines - The case collection is open to banks, insurance companies, securities firms, asset management institutions, and listed companies, focusing on innovative and impactful sustainable development practices [6]. - Submissions should cover various themes, including climate change response, pollution control, waste management, and social contributions, among others [7][8]. - Cases must demonstrate the submitting entity's positive impact on sustainable development and include comprehensive data and evidence of effectiveness [8].

主办单位 《清华金融评论》 承办单位 北京清控金媒文化科技有限公司 征集活动进行中 欢迎报名参加 详情如下 随着国家正式启动"十五五"规划的宏伟蓝图，可持续发展正从一项关键战略，升级为衡量未来经济高质量发展的重要标尺。在此承前启后的 关键时刻，2025年成为中国可持续发展进程从"理念构建"迈向"实践深化"的关键年份。 企业非财务信息披露正经历一场深刻的"范式迁移"。 国务院国资委、证监会及沪深北交易所密集出台《央企ESG专项行动指南(2025)》、《上市公司信息披露管理办法》、《上市公司自律监管指 引——可持续发展报告（试行）》等相关政策，明确要求将可持续发展纳入公司治理核心，推动信息披露从"可选披露"迈向"规范披露"。 在此新周期下，金融机构作为资源配置的核心，已从理念倡导者转变为关键行动者。银行、保险、资管等机构正将ESG深度融入其战略与业 务流程，通过大力发展绿色金融、创新可持续金融产品、践行负责任投资、强化环境风险管理等一系列努力，精准引导金融活水支持实体经 济绿色低碳转型。 为系统梳理并推广实践，《清华金融评论》正式启动"2025可持续发展典型案例征集"活动，旨在搭建一个高层次的实践交流平台，通过征 ...

Core Viewpoint - The article emphasizes the transition of sustainable development from a strategic concept to a critical measure of high-quality economic growth in China, particularly highlighting 2025 as a pivotal year for deepening practical implementation of sustainability initiatives [3]. Group 1: Policy and Regulatory Framework - The Chinese government has introduced several policies, including the "Central Enterprise ESG Special Action Guidelines (2025)" and the "Management Measures for Information Disclosure of Listed Companies," mandating the integration of sustainable development into corporate governance and moving from optional to standardized disclosure of non-financial information [3]. - Financial institutions are evolving from advocates of sustainability to key actors, embedding ESG principles into their strategies and operations, and promoting green finance and responsible investment practices [3]. Group 2: Case Collection Initiative - Tsinghua Financial Review has launched a "2025 Sustainable Development Typical Case Collection" to create a high-level platform for sharing best practices in green finance and sustainability governance, aiming to establish industry benchmarks and facilitate experience sharing [4]. - The collection targets banks, insurance companies, securities firms, asset management institutions, and listed companies, encouraging submissions of innovative and impactful sustainability practices [6]. Group 3: Submission Themes and Requirements - The case collection focuses on three main dimensions: climate change response, social responsibility, and corporate governance, with specific topics including pollution control, waste management, biodiversity protection, and supply chain safety [7]. - Submissions must reflect the positive contributions of financial institutions and listed companies to sustainable development, with a requirement for authenticity and a good reputation [8]. Group 4: Selection and Publication - Selected cases will be reviewed by an expert panel from Tsinghua Financial Review, with outstanding examples published across various media platforms and opportunities for case representatives to share their experiences at hosted events [12].

Core Viewpoint - The article draws a parallel between OpenAI and Enron, questioning whether OpenAI's current trajectory could lead to a similar downfall due to financial and operational challenges in the AI industry [1][2][41]. Group 1: Financial and Operational Challenges - OpenAI is projected to require $650 billion in new revenue annually to justify its investments, which is significantly higher than its current revenue of approximately $20 billion [11][37]. - The AI industry is expected to invest $5 trillion by 2030, but this investment is constrained by physical limitations such as the availability of critical components like transformers and power supply [25][36]. - Major tech companies are increasingly relying on debt to finance their AI infrastructure investments, raising concerns about sustainability and financial health [25][28]. Group 2: Infrastructure Limitations - The construction of data centers is facing significant delays due to the need for physical infrastructure, including power grid connections and fiber optic installations [20][21]. - There is a shortage of essential components, such as transformers, which are crucial for connecting data centers to the power grid, leading to potential project delays [28][33]. - The CEO of GE Vernova indicated that their production capacity for transformers is fully booked until 2028, highlighting the supply chain constraints in the industry [28]. Group 3: Market Demand and Revenue Generation - Analysts predict that AI products must generate substantial revenue to meet the high expectations set by investors, with a need for continuous growth in consumer and enterprise spending on AI services [39][40]. - The article suggests that while there are various monetization avenues for AI, the fundamental challenge remains in aligning production capabilities with market demand [40][41]. - The potential for AI services to evolve into more sophisticated offerings could drive revenue growth, but this is contingent on overcoming existing operational hurdles [36][41].

Core Viewpoint - The article emphasizes the transition of sustainable development from a strategic concept to a critical measure of high-quality economic growth in China, particularly highlighting 2025 as a pivotal year for deepening practical implementation of sustainability initiatives [3]. Group 1: Policy and Regulatory Framework - The Chinese government has introduced several policies, including the "Central Enterprises ESG Special Action Guidelines (2025)" and the "Management Measures for Information Disclosure of Listed Companies," mandating the integration of sustainable development into corporate governance and moving from optional to standardized disclosure of non-financial information [3]. - Financial institutions are evolving from advocates of sustainability to key actors, embedding ESG principles into their strategies and operations, and promoting green finance and responsible investment practices [3]. Group 2: Case Collection Initiative - Tsinghua Financial Review has launched a "2025 Sustainable Development Typical Case Collection" to create a high-level platform for sharing best practices in green finance and sustainability governance, aiming to establish industry benchmarks and facilitate experience sharing [4]. - The collection targets various institutions, including banks, insurance companies, asset management firms, and listed companies, encouraging submissions of innovative and impactful sustainability practices [6]. Group 3: Submission Themes and Requirements - The case collection focuses on three main dimensions: climate change response, social contributions, and corporate governance, with specific topics such as pollution control, waste management, and supply chain safety [7]. - Submissions must reflect the positive efforts of financial institutions and listed companies in sustainability, with a requirement for authenticity and a good reputation, and should include comprehensive data and outcomes [8][9].

Core Viewpoint - The article emphasizes the transition of sustainable development from a strategic concept to a critical measure for high-quality economic growth in China, particularly highlighting 2025 as a pivotal year for deepening practical implementation of sustainability initiatives [3]. Group 1: Policy and Regulatory Framework - The Chinese government has introduced several policies, including the "Central Enterprises ESG Special Action Guidelines (2025)" and the "Management Measures for Information Disclosure of Listed Companies," mandating the integration of sustainable development into corporate governance and shifting from optional to standardized disclosure of non-financial information [3]. - Financial institutions are evolving from advocates of sustainability to key actors, embedding ESG principles into their strategies and operations, and promoting green finance and responsible investment practices [3]. Group 2: Case Collection Initiative - Tsinghua Financial Review has launched a "2025 Sustainable Development Typical Case Collection" to create a high-level platform for sharing best practices in green finance and sustainability governance, aiming to establish industry benchmarks and facilitate experience sharing [4]. - The collection targets various institutions, including banks, insurance companies, asset management firms, and listed companies, encouraging them to submit representative and innovative sustainability practices [6]. Group 3: Submission Themes and Requirements - The case collection focuses on three main dimensions: climate change response, social responsibility, and corporate governance, with specific topics such as pollution control, waste management, and supply chain safety [7]. - Submissions must reflect the positive contributions of financial institutions and listed companies to sustainable development, with a requirement for authenticity and a good reputation [8]. Group 4: Selection and Publication - Selected cases will be reviewed by an expert panel from Tsinghua Financial Review, with outstanding examples published across various media platforms and opportunities for case representatives to share their experiences at hosted events [12].

Core Insights - The report titled "Path to Sustainable Development: 2025 Shanghai ESG Development Report" was released at the 2025 Sustainable Global Leaders Conference, focusing on ESG practices in Shanghai and providing actionable recommendations for sustainable development [1] Group 1: ESG Development in Shanghai - Shanghai is positioned as a leader and enabler in ESG practices, responding to increasing global economic volatility and environmental pressures [2] - The report indicates that Shanghai's ESG development is entering a new phase characterized by more systematic regulations, standardized actions, quantifiable performance, and closer collaboration compared to the previous year [2] - A systematic framework for ESG has been gradually established through national and local policies promoting information disclosure, green finance reforms, and market regulation [2] Group 2: Role of Participants in ESG Ecosystem - Enterprises are identified as the backbone of Shanghai's ESG ecosystem, with state-owned enterprises leading in information disclosure and governance, while private and foreign enterprises explore diverse practices in green product development and social responsibility [3] - Small and medium-sized enterprises face challenges such as limited resources, high technical and financial barriers, and difficulties in implementing governance systems, which slow down the capitalization of ESG values [3] - Financial institutions are expanding green financial products and integrating ESG factors into investment decisions, although issues like data accessibility and product homogeneity remain [3] Group 3: Third-Party Services and Talent Development - Third-party service providers are becoming essential in the Shanghai ESG ecosystem, supporting enterprises in carbon assessment, green certification, and information disclosure [4] - Talent development and public participation are increasingly recognized as vital drivers for the ongoing development of ESG in Shanghai [4] Group 4: Systematic Action Recommendations - The report proposes a systematic action plan centered on the "Four Transformations" of ESG: internalization of ESG activities, standardization of ESG information disclosure, systematization of ESG evaluation, and concretization of ESG value realization [5] - These transformations create a mutually supportive closed loop, enhancing the effectiveness of ESG practices and strengthening Shanghai's influence in national and global ESG governance [5]