Preface
ESG refers to the English acronym of environment, social and governance. It is a new concept and method of investing and evaluating enterprises. In the process of analysis and investment decision-making, we should pay attention not only to the financial information of enterprises, but also to ESG non-financial information. The investment considering ESG factors is also called responsible investment, which has fiduciary responsibility. It aims to promote the company to integrate the requirements of social environment into the enterprise business, reduce risks, realize value creation and generate long-term returns. From this perspective, this series mainly tracks and combs the policies and hot spots related to ESG outside China, so as to provide reference for the direction and methodology of long-term investment.
Research conclusion
Review of overseas ESG hot spot policies and events: affected by the soaring energy prices and tight energy supply in Europe caused by the conflict between Russia and Ukraine, in order to improve EU energy security, reduce energy dependence on Russia and accelerate green and low-carbon transformation, the EU and the United States recently announced a joint statement on European energy security to expand LNG exports to the EU through energy cooperation between the two sides Accelerate the planning and approval of renewable energy projects and strategic energy cooperation, cooperate to promote the production and use of clean and renewable hydrogen, and expand the use of Cecep Solar Energy Co.Ltd(000591) and wind energy. Specifically, this European American cooperation plan will strive to help the EU market obtain at least 15 billion cubic meters of LNG in 2022.
In addition, Belgium's announcement of the abolition of its nuclear power plants will continue to affect the safety of its nuclear power supply in 2035, which means that the two nuclear power plants will continue to account for one third of its total energy supply in 2035. The Belgian prime minister also said he would seek to accelerate the transition to renewable energy.
In terms of carbon emissions, the European Council reached an agreement on the relevant rules of the carbon boundary adjustment mechanism (CBAM), according to which the EU will levy taxes on cement, aluminum, chemical fertilizer, steel and other products imported from countries and regions with relatively loose carbon emission restrictions.
Review of China's ESG hot spot policies and events: the full text of the government work report in 2022 was released. In terms of E (environment), after revision, in terms of "double carbon" work, we will further promote the transformation of low-carbon energy, and add two new works: "strengthening the construction of pumped storage power stations" and "supporting the development of biomass energy"; From the perspective of key industries, the two major industries of "transportation and construction" are added, pointing out that these industries, like high energy consuming industries such as steel, nonferrous metals and chemical industry, need to focus on energy-saving transformation in terms of energy conservation and emission reduction. In addition, compared with the first draft on March 5, the revised government work report adds the expression of "developing green finance" between "improving the incentive and restraint policies for pollution reduction and carbon reduction" and "accelerating the formation of green and low-carbon production and lifestyle", Emphasize the role of green finance in supporting "double carbon" work.
In terms of S (Society), the revised government work report adds the expression of preventing academic discrimination, emphasizing the creation of a fair employment environment, correcting employment discrimination, and protecting the legitimate rights and interests of workers.
Finally, during the two sessions this year, entrepreneurs from all walks of life actively offered suggestions as deputies to the National People's Congress and members of the Chinese people's Political Consultative Conference. In this issue of the biweekly report, we combed the proposals and suggestions of Entrepreneurs: many representatives paid attention to the low-carbon development design and subsidy policies in the field of new energy vehicles, and proposed to build a carbon footprint accounting system for new energy vehicles, improve policies to support the low-carbon development of the automotive industry Suggestions on improving the subsidy policy for new energy vehicles; Carbon emission is also the focus of entrepreneurs. Suggestions are put forward, including the establishment of a pilot of individual carbon quota system, accelerating the construction of carbon emission right futures trading market, total carbon emission control system, the construction of carbon emission standards, the construction of carbon account mechanism of enterprises and institutions, etc. In terms of renewable energy, some representatives and members proposed to support the development of photovoltaic and other renewable energy industries, and the production energy consumption of each link will not be included in the general assessment of energy consumption; Accelerate international cooperation in green power certification; Suggestions on promoting the development of zero carbon industrial park.
Risk tips
I. the promotion of ESG policies outside China was less than expected
II. Macroeconomic downturn exceeded expectations
