ESG is an investment concept that focuses on corporate environmental and social governance performance
Different from the traditional financial indicators, ESG evaluates the sustainability of enterprise operation and development and its impact on society from the aspects of environment, society and corporate governance. ESG evaluation is the basic ESG bowl for rating or scoring Enterprises: the higher the rating or score, the higher the fit between the enterprise and the ESG concept. ESG rating can effectively alleviate the information asymmetry between investors and enterprises, help investors identify ESG risk and ESG value, and reduce the cost of investment decision-making
ESG evaluation system is based on the three dimensions of environment and social governance to establish detailed indicators
The environmental dimension of ESG includes the resources required for enterprise development, energy used, waste discharged, and the resulting environmental impact, such as carbon emission intensity D. the social prominence of ESG includes not only the internal relationship between the enterprise and employees, but also the external relationship between the enterprise and other institutions and local communities. The governance system in ESG is an internal mechanism established by enterprises to realize self-management, effective decision-making, legal compliance and meet the needs of external stakeholders
A-share ESG information disclosure improved steadily
Driven by policies and the market, the ESG information of Chinese listed enterprises has been growing. T over the past decade, the number of ESG reports issued by A-share listed enterprises has increased from 518 in 2C11 to 1 at present, and the number of G21 prices has continued to increase steadily. In 2d20, about 27% of the listed companies released ESG reports: among them, 259 of the 30 companies in Shanghai and Shenzhen stock market released reports in 202g: the proportion has exceeded 86%, indicating that China's listed companies have a strong ESG awareness
