Core Insights - The report highlights increasing regulatory uncertainty in the ESG landscape, particularly in the U.S., where the EPA plans to terminate the Greenhouse Gas Reporting Program, reflecting a trend towards deregulation under the Trump administration [3][10][12] - Despite setbacks, there are advancements in ESG initiatives, such as Singapore's signing of a 200,000-ton carbon credit procurement agreement and the introduction of a molecular-level plastic passport system, indicating ongoing efforts towards standardization and internationalization in certain areas [3][6][17] - The report emphasizes the importance of technological breakthroughs in carbon capture and renewable energy, with Prometheus reducing direct air capture costs to $50 per ton and the launch of the world's first F-class pure hydrogen turbine by Dongfang Turbine [3][6][18] International ESG Events - The report notes significant investments in sustainable practices, such as McDonald's $200 million investment in regenerative agriculture to enhance the sustainability of its beef supply chain [6][8] - A survey by Bain indicates that 50% of corporate buyers plan to eliminate unsustainable suppliers, reflecting a shift in procurement strategies towards sustainability as a core business value [6][8] - The collaboration between S&P Global and Novata to enhance carbon accounting and compliance capabilities demonstrates the growing need for standardized ESG data management solutions [6][8] Domestic ESG Developments - The Chinese government continues to promote standardization and market-oriented reforms in ESG, with the Ministry of Finance releasing guidelines for corporate sustainability disclosures [3][18] - The operationalization of a 1.5 million kW wind-storage base in Inner Mongolia and the full capacity grid connection of the Hami linear Fresnel solar thermal project signify advancements in renewable energy technology [3][18] - The report highlights the strengthening of compliance and cross-border collaboration in governance, with initiatives in regions like Shaanxi to regulate electricity market operations and enhance user rights [3][18]