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: in April, energy security and green and low-carbon continued to attract attention. Internationally, in the context of the Russian Ukrainian crisis, high energy prices and security risks in Europe, European countries have successively introduced policies to promote energy transformation.
Among them, the Austrian government recently adopted a renewable energy promotion plan of up to 300 million euros to expand Cecep Solar Energy Co.Ltd(000591) , wind energy and hydropower, with the goal of 100% renewable energy power generation in 2030 and climate neutrality in 2040. Germany China Pavilion passed a package bill, which plans to provide 80% of electricity from renewable energy by 2030 and almost all electricity from renewable energy by 2035. On the 7th, the British government announced its energy security strategy to strengthen energy independence. It aims to achieve 95% low-carbon electricity in the UK by 2030; By 2035, the power system will be decarbonized on the premise of safe supply.
Review of China's ESG hot spot policies and events: in the energy field, policies have been issued to accelerate the construction of a modern energy system and accelerate the low-carbon transformation of energy. In late March, the national development and Reform Commission and other two departments issued the "14th five year plan" for modern energy system, proposing that by 2025, the proportion of non fossil energy consumption will increase to about 20% and the proportion of non fossil energy power generation will reach about 39%. The National Energy Administration issued the guiding opinions on energy work in 2022, proposing to steadily promote structural transformation and increase the proportion of non fossil energy in total energy consumption to about 17.3%; Accelerate the green and low-carbon transformation of energy, and add about 180billion kilowatt hours of new electricity to replace electricity; We will vigorously develop wind power and photovoltaic power generation, and the power generation of wind power and photovoltaic power generation accounts for about 12.2% of the power consumption of the whole society. In addition, the "14th five year plan" for scientific and technological innovation in the energy field was recently issued, which has determined the tasks of centralized research, demonstration test and application promotion around advanced renewable energy, new power system, safe and efficient nuclear energy, green and efficient fossil energy development and utilization, energy digitization and intelligence, etc.
In addition, on the 10th of this month, the "opinions of the CPC Central Committee and the State Council on accelerating the construction of a national unified market" was issued, which clearly proposed to build a national unified energy market, and orderly promote the construction of the national energy market in combination with the goal of achieving carbon peak and carbon neutralization on the premise of effectively ensuring the safe supply of energy; Cultivate and develop a national unified ecological environment market, build a national unified carbon emission right and water right trading market relying on the public resource trading platform, and promote green production and consumption.
In the petrochemical field, the six departments jointly issued the guiding opinions on promoting the high-quality development of the petrochemical and chemical industry in the 14th five year plan. The "green safety" is listed as one of the five goals, and put forward the goals of significantly reducing the energy consumption and carbon emission per unit product of bulk products, and reducing the total emission of volatile organic compounds by more than 10% compared with the 13th five year plan.
In the field of transportation, the "14th five year plan" for scientific and technological innovation in the field of transportation focuses on the requirements of national carbon peak, carbon neutralization and green transportation development, focuses on the technical requirements for the realization of the "double carbon" goal in the field of transportation, and puts forward the R & D tasks of breaking through the innovative application of new energy and clean energy, ecological environment protection and restoration, comprehensive prevention and control of traffic pollution and other key technologies.
Risk tips
I. the promotion of ESG policies outside China was less than expected
II. Macroeconomic downturn exceeded expectations
