The Paper｜The Shanghai Stock Exchange: Provide Financing Convenience for Listed Companies with High ESG Ratings and Guide More Capital Flow to Sustainable Development Fields

To implement the new development concept, accelerate the comprehensive green transformation of economic and social development, and improve the quality of ESG information disclosure of listed companies, the Shanghai Stock Exchange (SSE) recently formulated and completed the Three-Year Action Plan on Improving ESG Information Disclosure Quality of Listed Companies on the SSE (2024-2026) (hereinafter referred to as the "Action Plan").

In recent years, the companies listed on the SSE have followed international trends with their own realities to actively integrate ESG concepts and requirements into their business models and management systems. The first is to pay more attention to environmental protection and help achieve the goal of "carbon peak and carbon neutrality". In 2023, a total of 1,896 companies listed on the SSE established environmental protection-related mechanisms, accounting for more than 80% of all, with environmental protection investment of more than 200 billion yuan, reducing carbon dioxide emissions by more than 800 million tons. The second is to pay more attention to rural revitalization and actively promote the consolidation of poverty alleviation achievements. The third is to pay more attention to supply chain security and to build a win-win ecosystem.

According to statistics, in 2023, 1,187 companies listed on the SSE released ESG reports, sustainability reports, or social responsibility reports, with a disclosure rate of over 52%, an increase of more than 5 percentage points year-on-year, and a record-high in both the number of disclosures and disclosure rate.

The SSE has formulated the Action Plan to promote disclosure for governance, drive listed companies to enhance their ESG governance levels, and guide listed companies to better practice the concept of sustainable development. To continuously enhance the ESG information disclosure system, the SSE has also publicly solicited opinions on the Guides for the Compilation of Sustainability Reports by Listed Companies. In the next step, the SSE will continue to promote listed companies to become practitioners and leaders of ESG concepts and promote the high-quality development of the capital market.

From "Shanghai Stock Exchange Release" transferred from "The Paper" on November 6, 2024

See full article at:https://m.thepaper.cn/newsDetail_forward_29262569

The above information is provided for reference purposes only and does not constitute investment advice.