Preface
ESG refers to the English acronym of environment, social and governance. It is a new concept and method for 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 tracks and combs the policies and hot spots related to ESG at home and abroad, so as to provide reference for the direction and methodology of long-term investment.
Research conclusion
Review of China’s ESG hot policies: e (environment), the Ministry of industry and information technology and other three departments jointly issued the “14th five year plan” for the development of raw material industry, and put forward the task of “five chemical and five engineering”. The goal is that by 2025, the raw material industry will initially form an industrial development pattern with higher quality, better efficiency, better layout, greener and safer; The Ministry of ecology and environment and other nine departments launched the pilot work of Climate Investment and financing to guide more funds to invest in investment and financing activities in the field of climate change; The Standing Committee of the National People’s Congress passed the law of the people’s Republic of China on the prevention and control of noise pollution, which came into force on June 5 this year; The state owned assets supervision and Administration Commission of the State Council issued the guidance on promoting the high-quality development of central enterprises and doing a good job in carbon peak and carbon neutralization, and put forward the clear goal of carbon peak and carbon neutralization, such as reducing the comprehensive energy consumption of 10000 yuan output value of central enterprises by 15% compared with 2020 by 2025. In terms of S (Society), the Standing Committee of the National People’s Congress passed the decision on Amending the trade union law of the people’s Republic of China, further improving the responsibility orientation and working system of trade unions, and clarifying the rights of workers in new forms of employment to participate in and organize trade unions; Anhui, Beijing and Hubei postal administrations jointly issued implementation plans or opinions on the protection of the legitimate rights and interests of courier groups within the province to standardize the employment management of courier enterprises and strengthen the labor rights and interests of courier groups; The State Network Information Office jointly issued the regulations on the administration of Internet information service algorithm recommendation and the measures for network security review. The regulations clarify the scope of application of algorithm recommendation technology and strengthen the protection of users’ rights and interests, The review measures include the situation that the data processing activities carried out by network platform operators affect or may affect national security into the scope of network security review, so as to further safeguard national security. In terms of G (Governance), the Ministry of ecology and environment issued the administrative measures for the legal disclosure of enterprise environmental information to strengthen the responsibility of enterprises with great environmental impact and high public concern to disclose environmental information according to law.
Summary of the key points of green and low-carbon planning for the industry: (1) the green level of the target development of the 14th five year plan for the development of raw material industry will be greatly improved, and phased achievements will be made in the total carbon emission control of key industries such as iron and steel, non-ferrous metals and building materials by 2025; (2) The new energy vehicle industry development plan (2021-2035) strives to reach the international advanced level in Shanxi Guoxin Energy Corporation Limited(600617) vehicle core technology by 2035, effectively promoting the level of energy conservation and emission reduction and the improvement of social operation efficiency; (3) The action plan for innovation and development of intelligent photovoltaic industry (2021-2025) plans to realize the whole chain green development and achieve the goal of carbon peak and carbon neutralization in the fields of intelligent photovoltaic industry, transportation, construction, agriculture, countryside, communication and innovative application; (4) The 14th five year plan for Railway Science and technology innovation proposes that green and low-carbon technologies will be widely used by 2025, which requires deepening the research and development of energy efficiency improvement and energy supply technologies, strengthening the research and development of ecological environmental protection and remediation technologies, and improving the technical level of comprehensive pollution prevention and control.
Risk tips
I. the promotion of China’s ESG policy is less than expected
II. The macroeconomic downturn exceeded expectations
