文 | 新浪财经 李欣然 专题：对话ESG全球领导者 新浪财经ESG评级中心提供包括资讯、报告、培训、咨询等在内的14项ESG服务，助力上市公司传播ESG理念，提升ESG可持续发展表现。点击 查看【 ESG评级中心服务手册】 在人类发展面临多重结构性挑战的时代，如何以系统性思维应对环境、经济与社会的交织难题，正成为全球治理的关键命题。气候变化、生物多样性丧失与 污染问题构成的"三重环境危机"亟待破解，而人口老龄化与人工智能（AI）浪潮则在重塑未来社会的运行逻辑。面对这些跨越国界的复杂议题，建立有效的 国际合作框架与市场激励机制比以往任何时候都更为重要。 在此背景下，新浪财经与经济合作与发展组织（Organization for Economic Co-operation and Development，简称OECD）驻华代表海博（Tamas Hajba）进行了 对话，从国际组织的视角探讨系统性解决方案。他深入阐释了如何通过创新融资机制调动私营资本应对环境危机，分析了企业从多元化ESG实践向系统 性"负责任商业行为"转型的路径，并展望了中欧在环境治理与税收改革等关键领域的合作方向。同时，他也前瞻性地剖析了老龄化 ...

Group 1 - The core idea of the article revolves around China's global governance initiative, which emphasizes five key principles: adherence to sovereign equality, compliance with international law, promotion of multilateralism, a people-centered approach, and action-oriented focus [1][9] - The initiative is seen as a means to repair and improve the existing international system rather than creating a new one, aiming to restore a rules-based order [2][10] - The concept of China as a "civilizational state" is highlighted as a perspective that can help understand its unique logic in global governance practices [1][10] Group 2 - The article discusses the challenges posed by the current "disorder" in the international system, particularly due to the United States' unilateral actions that undermine international law and multilateralism [4][12] - The need for a new international system that accurately reflects the realities of today's world, particularly the concerns of developing countries, is emphasized [7][13] - The proposed reforms aim to create a more just and inclusive international system that can adapt to the changing global development landscape [7][13]

Core Viewpoint - The 2025 China Enterprise ESG "Golden Responsibility Award" aims to recognize companies that have made significant contributions to ESG (Environmental, Social, and Governance) practices, with over 5,000 enterprises participating in the evaluation process [1][4]. Group 1: ESG Award Overview - The award was launched in November 2025 by Sina Finance ESG Rating Center, focusing on promoting sustainable development and responsible investment [1][4]. - The award emphasizes the importance of responsibility in ESG practices, symbolizing that responsibility is as valuable as gold [1][4]. - The evaluation process included comprehensive performance assessments, professional scoring, and online voting, culminating in the announcement of the award winners after three months of competition [1][4]. Group 2: Award Winners - The "Best Responsibility Initiative Award" was awarded to ten companies, including: - Fenghuo Communication - Wens Foodstuff Group - Haitian Flavoring and Food - Aier Eye Hospital - Yunnan Baiyao - Anker Innovation - Jinfa Technology - Huatai Securities - Seres - Hainengda [2][5]. - The award committee congratulated the winners and expressed hope that these companies will lead by example in enhancing their ESG capabilities and contribute to China's high-quality development [2][5]. Group 3: ESG Rating Center Introduction - The Sina Finance ESG Rating Center is the first Chinese platform dedicated to ESG information and ratings, promoting sustainable development and responsible investment [3][6]. - The center aims to establish ESG evaluation standards suitable for China's characteristics and enhance corporate ratings [3][6]. - It also publishes multiple ESG innovation indices to provide investors with more options regarding corporate ESG performance [3][6].

Core Viewpoint - The 2025 China Enterprise ESG "Golden Responsibility Award" aims to recognize companies that have made significant contributions to ESG (Environmental, Social, and Governance) practices, with over 5,000 enterprises participating in the evaluation process [1][4]. Group 1: ESG Services and Initiatives - Sina Finance ESG Rating Center offers 14 ESG services, including information, reports, training, and consulting, to help listed companies promote ESG concepts and enhance their sustainable development performance [1][4]. - In 2025, many quality enterprises in China are actively practicing their responsibilities in environmental, social, and governance aspects, while domestic financial institutions are steadily integrating ESG investment concepts into their entire business processes [1][4]. Group 2: Award Selection and Winners - The award selection process involved over three months of competition, combining ESG performance, professional evaluation scores, and online voting results [1][4]. - The winners of the 2025 China Enterprise ESG "Golden Responsibility Award" for Best Social Responsibility include China Shenhua, China General Nuclear Power, China Resources Sanjiu, Sinopec, Shougang, Wuliangye, Yangtze Power, China Telecom, CNOOC Services, and LONGi Green Energy [2][5]. Group 3: ESG Rating Center Overview - The Sina Finance ESG Rating Center is the first Chinese ESG professional information and rating aggregation platform, dedicated to promoting sustainable development and responsible investment [3][6]. - The center aims to establish ESG evaluation standards suitable for China's characteristics and enhance corporate ratings, while also launching multiple ESG innovation indices for investors [3][6].

Group 1 - The core viewpoint of the news is the emphasis on the integration of technology and finance to create a more resilient and efficient sustainable development paradigm, moving away from traditional pollution-first approaches [2][5] - The "2025 China Sustainable Investment Development Forum" was held on December 12, organized by Shanghai Jiao Tong University and aimed at promoting sustainable investment practices [1][4] - The forum is part of a continuous effort by the Shanghai Advanced Institute of Finance to explore sustainable investment, having been held for three consecutive years [1][4] Group 2 - The Sina Finance ESG Rating Center is the first Chinese platform dedicated to ESG information and ratings, promoting sustainable development and responsible investment [3][7] - The center aims to establish ESG evaluation standards suitable for China's characteristics and enhance corporate ratings, thereby advancing the ESG investment landscape in China [3][7] - Sina Finance has launched multiple ESG innovation indices to provide investors with more options regarding corporate ESG performance [3][7]

Group 1 - The training event focused on "Post-COP 30: Building Inclusive Low-Carbon Transition Pathways" to enhance understanding of climate action and promote equitable transformation in green development [3][22] - The China Responsible Investment Forum released a report titled "Information Disclosure Promotes Just Transition: Assessment Analysis and Action Recommendations for Key Domestic Listed Companies" [3][32] - The report highlighted that only two listed companies explicitly support just transition principles in their sustainability reports, indicating limited awareness among domestic companies [15][34] Group 2 - The training was supported by the World Resources Institute (WRI) Beijing Office and aimed to explore how social organizations and market institutions can contribute to climate governance [3][22] - The report proposed an evaluation framework for assessing domestic companies' just transition practices and identified 313 listed companies across 11 key industries with significant low-carbon transition needs [13][32] - The financial sector's role in supporting China's new Nationally Determined Contributions (NDC) targets was emphasized, with a focus on increasing climate financing and mobilizing private capital [11][30] Group 3 - The concept of just transition is widely recognized, but there are significant differences in understanding its implications among various stakeholders [7][26] - The report suggested that promoting just transition practices requires enhanced awareness and capabilities from companies, alongside support from policies and financial resources [15][34] - The event featured over 300 participants, including experts from regulatory, market, and academic sectors, highlighting the growing interest in responsible investment and ESG practices [18][37]

Core Insights - The 13th China Responsible Investment Forum highlighted the shift of sustainable development from merely an environmental issue to a core financial, economic, and investment topic [1][21] - Climate and nature-related impacts are increasingly recognized as financial risks, necessitating a focus on adaptation and resilience as key investment themes [5][25] Group 1: Emerging Investment Frontiers - New markets are emerging in digitalization and AI monitoring, with companies like Pachama and OroraTech utilizing satellite data and AI to quantify forest carbon storage and land degradation in real-time [6][27] - Digital monitoring has become an investment theme itself, providing credible measurements and enhancing market confidence as data accumulates [7][27] Group 2: Natural and Ecosystem Markets - Financing for nature and biodiversity is becoming a new asset class, with growing investor interest in biodiversity-linked tools, ecological restoration projects, and natural capital valuation [8][29] - COP30 emphasized the rising global focus on ecosystem restoration and natural financing, particularly in Asia, where China is positioned to develop these markets more rapidly than other regions [9][29] Group 3: Infrastructure and Resilience Financing - Adaptive and resilient infrastructure represents a significant future capital demand, including water systems, resilient urban infrastructure, and disaster-resistant supply chains [10][30] - Early examples of resilience financing at the sovereign and industry levels, such as the Caribbean Disaster Risk Insurance Facility, demonstrate how parametric insurance can provide liquidity post-climate disasters [10][28] Group 4: Health Resilience as a New Financial Market - The integration of climate, nature, and health is emerging as a significant trend, with capital flowing into health security and resilience [11][29] - Initiatives like pandemic funds are financing early warning systems and health monitoring infrastructure in emerging economies, marking the emergence of a new asset class in health resilience [11][29] Group 5: Implications for Finance and Business - The financial industry must support capital allocation for adaptation, resilience building, natural financing, and health security solutions [12][30] - Asia's unique advantages, including policy frameworks and financial platforms, position it to scale investments more rapidly than other regions, with China's progress in transforming financial and market infrastructure drawing attention at COP30 [12][30] Group 6: New Strategic Directions - The shift in investment logic is moving from managing climate risks to designing for resilient growth, integrating climate, nature, health, and digital innovation to create value [13][31] - The current challenge lies in fostering collaboration across public and private sectors, financial and corporate realms, and international borders to build the next phase of sustainable and resilient growth [14][32]

Core Insights - COP30, held in Belém, Brazil, marked the tenth anniversary of the Paris Agreement, but achieved only symbolic progress on key issues, failing to meet the expectations of climate-vulnerable countries for stronger climate action [3][23] - The focus of global climate governance is shifting from multilateral political consultations to economic and industrial decision-making, highlighting the importance of translating international consensus into domestic policies and investment actions [3][23] - Despite the absence of the United States, China and the European Union reached a high-level joint statement, demonstrating their commitment to advancing the Paris Agreement through dialogue and cooperation [3][23] Multilateral Dialogue in Climate and Trade - Trade issues were formally included in the climate conference discussions, with a consensus reached to establish the "Climate-Trade Comprehensive Forum" (IFCCT) to address carbon border measures and low-carbon product standards [4][24] - The forum aims to provide a communication channel rather than establish unified rules, potentially easing policy friction amid increasing fragmentation of global standards [4][24] - The inclusion of trade in climate negotiations is seen as a significant breakthrough, reflecting the integration of climate and economic issues [5][25] China's Growing Influence - China's presence at COP30 was prominent, with a central exhibition area attracting significant attention and participation from various countries, showcasing its climate actions and low-carbon technologies [7][27] - The country is increasingly taking on a coordinating role among developing nations, moving beyond a unified stance with the G77 group to facilitate consensus on key issues [11][31] - China's new Nationally Determined Contributions (NDC) target aims for significant reductions in greenhouse gas emissions and an increase in the share of non-fossil energy by 2035 [9][29] Climate Financing - COP30 emphasized the need for a financing roadmap of $1.3 trillion and a minimum of $300 billion from developed countries to support climate action in developing nations [16][36] - The conference highlighted the challenges posed by the absence of U.S. funding commitments, which has created a significant gap in climate financing that cannot be filled by other countries alone [17][37] - The decision to establish a two-year work program on climate financing reflects ongoing difficulties in advancing funding mechanisms, particularly for adaptation efforts, which are currently underfunded [18][39]

Core Insights - The "Blue Book" on China's Ecological Protection Red Line has been officially released, indicating stable internal spatial structure and ongoing optimization since its establishment [1][5][6] Group 1: Ecological Improvements - The area of forest land within the red line has increased by 3,344 square kilometers, and water area has increased by 320 square kilometers [6] - Urban construction land within the red line has decreased by 6.5 square kilometers, and mining land has decreased by 5.6 square kilometers [6] - Marine ecological protection areas have seen a significant reduction in sea area usage, with a decrease of 873 square kilometers compared to 2022, representing a reduction of over 35% [6] Group 2: Ecosystem Quality Enhancements - Average vegetation coverage within the red line has improved by 1.29%, and net primary productivity has increased by 2.22% [2][6] - Forest coverage and forest stock have both seen growth, while grassland vegetation coverage remains stable [2] - Key marine ecosystems such as mangroves, coral reefs, and seagrass beds have shown quality improvements, with mangrove area increasing by 22% and live coral coverage rising by an average of 5.5% [2][6] Group 3: Management and Challenges - The management capacity for ecological protection has improved through a collaborative control mechanism and an integrated monitoring network [2][7] - Challenges remain, including an increase in non-ecological land use and the impact of climate change on ecosystem quality [3][7] - Recommendations include developing a more precise and collaborative management system for ecological protection and enhancing supervision of land use planning [3][7]

Core Viewpoint - The 13th China Responsible Investment Forum highlighted the rapid development of responsible investment in China, driven by dual carbon goals and green finance policies, while emphasizing the need for a comprehensive evaluation system for asset management institutions' responsible investment capabilities [1][3][4]. Group 1: Responsible Investment Capability Assessment - The updated Responsible Investment Capability Evaluation System (RICE) was introduced to assess asset management institutions across six dimensions: strategy, management, products, climate, disclosure, and advocacy [3][8]. - Evaluation results indicate a disparity in responsible investment capabilities among public fund companies, with significant room for development; insurance asset management shows continuous improvement; and bank wealth management subsidiaries are in a steady transformation phase, needing to enhance the diversity and maturity of ESG products [3][8]. Group 2: Recommendations for Improvement - The evaluation system proposes differentiated enhancement paths for various types of asset management institutions: public funds should balance short-term market performance with long-term sustainability, improve investor education and product design, and enhance the market appeal of ESG products; insurance asset management should leverage long-term funding advantages and integrate ESG factors into asset allocation; bank wealth management should design low-volatility ESG products to meet stable return demands [3][8][9]. Group 3: Future Outlook - There is a call for further improvement in responsible investment capability assessments, innovation in green asset management products, and collaboration across financial sectors to promote long-term capital market entry, support technological innovation, and aid the development of green low-carbon industries [4][9]. - The expectation is that research in green finance, responsible investment, ESG investment, impact investing, blended finance, and charitable finance will effectively support the real economy, guide capital towards social responsibility, and promote sustainable development [4][9]. Group 4: ESG Rating Center Overview - The Sina Finance ESG Rating Center is the first Chinese platform for ESG professional information and ratings, dedicated to promoting sustainable development and responsible investment, and advancing the establishment of ESG evaluation standards in China [5][10]. - The center has launched multiple ESG innovation indices to provide investors with more options regarding corporate ESG performance and has established the China ESG Leaders Organization Forum to collaborate with leading ESG companies and partners [5][10].