China News Service, September 5th (Zhongxin Finance reporter Zuo Yukun) The increasingly severe environmental problems, the new crown epidemic that has not been fully contained, and the global supply chain facing new challenges continue to impact human social and economic development.
ESG investment that comprehensively considers the environment, society and corporate governance is becoming an important concept and consensus of global financial investment institutions.
From the annual theme of "Service Cooperation Promotes Development, Green Innovation and Embracing the Future" to the first setting up of the special exhibition on environmental services, the 2022 China International Fair for Trade in Services ("Service Fair") is full of greenery.
A "bamboo" bicycle displayed at the service trade fair.
Photo by Zhongxin Finance reporter Zuo Yukun
What can bamboo be used for?
At the service trade fair, you can find a "running bamboo" curved bamboo bicycle. The bicycle body made of bamboo can reduce carbon dioxide emissions by 5 kg compared to the one made of metal; you can find a section of bamboo winding pipe gallery with an inner diameter of 3.6 meters, which is low Carbon energy saving also has the functions of carbon reduction, carbon sequestration and carbon storage.
The "green guest" that has attracted much attention at the service trade fair is the epitome of the concept of green consumption being more deeply rooted in the hearts of the people.
How to take advantage of the dual opportunities of green transformation and digital transformation to identify, grasp and create new sustainable investment opportunities has also become the focus of the global business community.
On this basis, the ESG concept that integrates the environment, society and comprehensive governance conforms to the trend of sustainable development, green development and high-quality development in my country, and the disclosure of corporate ESG information also conforms to the inherent needs of my country's capital market and the development of enterprises themselves.
Shang Fulin, director of the Economic Committee of the National Committee of the Chinese People's Political Consultative Conference and specially invited vice president of the China Association for the Promotion of International Multinational Corporations, mentioned in a forum during the Service Trade Fair that in recent years, a green, low-carbon and circular development economic system is being established, and economic and social development has undergone a comprehensive green transformation. With steady progress, more and more companies take the ESG concept as an active choice to achieve high-quality development goals.
By the end of 2021, China's green credit balance was 15.9 trillion yuan, ranking first in the world.
More than 1,100 A-share listed companies have actively disclosed ESG-related reports.
The China Banking and Insurance Regulatory Commission and the China Securities Regulatory Commission have issued the latest editions of the Green Finance Guidelines for Banking and Insurance Industry and the Guidelines for Investor Relations Management of Listed Companies this year, and ESG concepts have been formally incorporated into the regulatory system.
Enterprises are practitioners of technological innovation, carriers of ESG concepts, and the backbone of sustainable development.
In the environmental service exhibition area of the National Convention Center of the Service Trade Fair, the staff introduced the bamboo winding composite pipe to the audience.
Photo by China News Agency reporter Han Haidan
At the Service Trade Fair, Ernst & Young's "Research Report on ESG Strategy and Action Outline of Technology Enterprises" pointed out that compared with large foreign technology companies, Chinese technology companies have carried out ESG practices for a relatively short period of time, and there is still a need for ESG information disclosure. Perfect place.
Shang Fulin believes that it is necessary to promote enterprises to integrate ESG-related requirements into corporate governance and business processes, and guide capital to flow to enterprises that actively fulfill social responsibilities and have sustainable development capabilities, so as to better realize the organic combination of capital income needs and social development.
Li Daokui, Dean of the China Institute of Economic Thought and Practice at Tsinghua University and a special advisor to the Growth Enterprise Development Committee of the China Association for the Promotion of International Multinational Corporations, gave some suggestions.
He believes that ESG, as a potential risk point, requires the government to form a standardized system before companies implement it. For example, a unified carbon emission pricing mechanism can help companies clarify carbon reduction goals and specific contributions, and gradually increase carbon emission taxes to form a national unified system. A carbon emission market and formulate unified carbon emission pricing.
From the perspective of policy formulation, Liu Jianxing, deputy director of the International Cooperation Center of the National Development and Reform Commission, believes that the difficulty lies in the driving force and international coordination of real technological progress.
"The role of the state plays the role of a night watchman, following the market-led and government-led stability logic, but in the international community it has to face competition from the law of the jungle."
Sheng Qiuping, member of the party group and vice minister of the Ministry of Commerce, said that China will further promote the reform of the WTO, accelerate the in-depth implementation of the RCEP free trade zone strategy, and promote accession to CPTPP (Comprehensive and Progressive Trans-Pacific Partnership Agreement) and DEPA (Digital Economy Partnership Agreement) ) to promote high-level opening up, stimulate new kinetic energy in international trade, promote sustainable economic development, and provide a good environment for green transformation and upgrading and high-quality development.
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