证券研究报告 | 金融工程 2026 年 1 月 12 日 国内绿色消费体系加速构建，国际气候合作格局出现调整 ——ESG 市场观察周报（20260111） 1、要闻速览：国内绿色消费体系加速构建，国际气候合作格局面临重大调整 国内动态方面，商务部等九部门印发《关于实施绿色消费推进行动的通知》， 系统部署七大重点任务，全面推动消费模式绿色转型；市场监管总局发布新版《绿 色产品认证与标识管理办法》，构建全国统一认证监管体系，助力绿色产品供给； 财政部与交通运输部启动政府采购支持公路绿色低碳发展试点，旨在发挥政策功能 驱动交通领域减排。 国际动态方面，美国特朗普政府宣布退出包括《联合国气候变化框架公约》在 内的 66 个国际气候与可持续发展组织；渣打银行发行首单专项绿色债券募资 10 亿 欧元，重点投向亚非中东绿色项目；黑石集团收购环境合规服务提供商 ATG，持续 加码能源转型投资布局。 2、市场动向：ESG 指数普遍回暖，碳价坚挺，资金流出压力缓释 本周主要 ESG 主题指数普遍上涨。国内 300 ESG 上涨 2.7%，SEEE 碳中和指 数上涨 3.87%，上证社会责任指数、180 治理分别上涨 1.99% ...

三菱日联银行（中国）副行长兼环球企业及投资银行总经理林树文先生表示："在产业加速转型的背景下，此次协助新奥 股份完成可持续供应链融资的交易，是三菱日联银行支持中资企业可持续业务发展的积极举措，体现了三菱日联银行的可持续 金融的能力和决心。我们期待与新奥股份进一步深化合作关系，携手发展，并继续为企业的可持续业务发展目标提供支持"。 （CIS） 这次合作由三菱日联银行与新奥股份ESG团队及下属子公司保理团队密切协同推进，方案聚焦碳减排与供应链金融服务的 深度融合，是双方在绿色金融领域的创新实践，也是三菱日联银行在大中华区落地的首笔可持续供应链融资交易。 新奥股份董事长兼联席CEO蒋承宏先生表示："此次与三菱日联银行联合推出的绿色供应链金融产品，是公司践行高质量 发展责任的创新载体，通过链接银行与产业链各方，既能实现融资成本降低、深化合作共赢、加速绿色转型进程，又能推动银 行资源、企业信用与客户需求的高效聚合，进一步提升资金配置效率，以价值导向的创值实践推动生态协同共赢，为产业链可 持续发展注入持久动能"。 近日，新奥股份携手三菱日联银行成功落地绿色供应链金融产品。围绕供应链融资与可持续发展目标的深度融合，探索通 ...

Core Viewpoint - The article highlights the significant role of the green low-carbon supply chain public service platform in Shanghai's Baoshan District, driven by the CN100 Green Low-Carbon Supply Chain Alliance, in facilitating the green transformation of supply chains and urban integration [3][4][6]. Group 1: Green Low-Carbon Supply Chain Platform - The green low-carbon supply chain platform, known as the "Green Chain Platform," aims to build a comprehensive service ecosystem for green low-carbon industries by integrating various service providers [4][6]. - The platform is a response to the EU's Carbon Border Adjustment Mechanism (CBAM) and aims to support Chinese enterprises in adapting to international green trade standards [6][12]. - The platform facilitates the establishment of a carbon footprint database and promotes data sharing among different industries to enhance transparency and traceability [8][11]. Group 2: Role of Key Enterprises - Baowu Group, as a state-owned enterprise, has been proactive in exploring low-carbon technologies and services, laying the groundwork for the Green Chain Platform [4][6]. - The platform collaborates with various enterprises, including banks, to provide green financial services and support for carbon footprint reporting [14][19]. - The CN100 Alliance, comprising leading enterprises from various sectors, plays a crucial role in driving the platform's initiatives and promoting data disclosure [7][8]. Group 3: Financial and Technological Integration - The integration of carbon asset management and carbon technology is essential for achieving net-zero emissions, with the platform facilitating this process [16][17]. - Financial institutions are increasingly evaluating companies based on their carbon footprint data, which can lead to favorable loan conditions for those committed to green practices [14][15]. - The platform is working on developing a comprehensive carbon technology and asset management module to enhance the efficiency of public services [17][19]. Group 4: Future Directions and Challenges - The establishment of localized carbon footprint data and methods that align with international standards is critical for Chinese enterprises to navigate green trade barriers [11][12]. - The platform aims to create a "zero-carbon space" by implementing energy-saving measures and promoting biodiversity in future developments [19]. - Continuous collaboration among industries is necessary to refine data accuracy and enhance the overall effectiveness of the green low-carbon transition [11][13].