China News Service, Beijing, August 26 (Reporter Chen Su) Lou Jiwei, Director of the Foreign Affairs Committee of the National Committee of the Chinese People's Political Consultative Conference and former Minister of the Ministry of Finance of China, said on the 26th that "996" cannot be respected (from 9 am to night). Work at 9 o'clock, 6 days a week), otherwise it will reduce employment and will be detrimental to society.

  On the same day, the first "ESG Global Leaders Summit" co-sponsored by Sina Finance ESG Channel and CITIC Publishing Group was held. Lou Jiwei gave a keynote speech at the summit "Global Opportunities and Challenges for Sustainable Development".

  He said that ESG investment is responsible investment, including three dimensions: E (environmentally friendly), S (social responsibility), and G (corporate governance).

ESG investment and ESG management are carried out under the three dimensions of ESG.

  In terms of social responsibility, Lou Jiwei said that the scope of corporate social responsibility is very wide. A simple example is that it cannot engage in gender discrimination and cannot praise 996.

"Some Internet companies even consider 996 to be a preferential treatment. According to the national regulations, it is an 8-hour and five-day work system, which allows employees to have a better and balanced life and work. Everyone should abide by this (regulation). The supervision of the government has become 996. In this way, employment is reduced, which is detrimental to society."

  In terms of corporate governance, Lou Jiwei said that there must be a good corporate governance structure, good fiduciary responsibilities, and good risk management.

As an investment, it depends on the other party's corporate governance and risk management.

"A large number of risky financial institutions have very complicated corporate governance, or even very bad ones. Some major shareholders use financial institutions as platforms to withdraw funds. What about risk control?"

  In terms of environmental friendliness, he said that China's "dual carbon" goal will bring a lot of investment opportunities, and will also put a high degree of pressure on the existing industrial chain, and its difficulty must be fully estimated.

For example, China is still in the process of urbanization, and there is still a large demand for steel and building materials, and the cumulative use of steel is far from reaching the turning point. Although China has just realized the unification of the carbon credit trading market, the price of carbon credit is only one-eighth of the EU If you leapfrog quickly on this issue, it will seriously hit China’s industrial chain; although the carbon emission market is unified, there are still too few companies participating in the transaction. It is necessary to strive for most companies to enter, so that pricing is truly meaningful.

"Responding to climate change has become a common international issue, but it is still necessary to adhere to common and differentiated responsibilities, and be wary of developed countries using this issue to use carbon tariffs and carbon quota pricing to achieve trade protection."

  How can ESG be achieved? Lou Jiwei said that the most important thing is to rely on a good policy environment, a sustainable and consistent regulatory environment, and it is balanced. A good policy environment is conducive to enterprises to assume good social responsibilities, and a good regulatory environment can continuously and well supervise corporate governance and risk management, so that enterprises can better grasp ESG investment. (over)

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