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Today's sharing is: 2024 China Listed Company ESG Information Disclosure Analysis and Outlook Report - A shares (Shanghai, Shenzhen and Beijing Stock Exchanges) - Shangdao Consulting

Total report: 38 pages

This report analyzes and forecasts the ESG information disclosure of Chinese listed companies in 2024. In 2024, the number of ESG reports released by A-share listed companies continued to grow, with a report release rate of 38.8%. The number of ESG reports released by Shanghai and Shenzhen stock exchanges increased steadily, with the Shenzhen Stock Exchange increasing significantly. The ESG information disclosure of listed companies within the mandatory disclosure scope of the "Guidelines" has not yet been fully covered in 2024, with a report release rate of 87.9%. The ESG report release rate of the ICT, consumer goods, pharmaceutical and industrial industries in A-shares has been at the bottom of the industry in the past two years and needs to be improved. Reports named ESG accounted for 53.4%, and the number of "Social Responsibility Reports" declined rapidly.

The CSI 300 Index has nearly fully covered ESG reports, with a release rate of 95.3% in 2024. New ESG reports are rising rapidly, with 71.3% of reports disclosing the board's supervision of ESG matters. 86.4% of reports disclose materiality analysis, but must be reassessed in accordance with the "double materiality" principle. Listed companies that set climate change management goals are still in the minority, with 44.1% of reports disclosing climate change goals. The quality and transparency of the ESG Data Sheet have improved, with 25.2% of reports conducting third-party assurance. The proportion of GRI standard references in report preparation ranks first, and ISSB standard references are emerging.

Shangdao Consulting proposes time and content recommendations for listed companies to fully apply the Guidelines. In terms of time, different types of listed companies can take action to fully apply the Guidelines at different times. In terms of content, it is necessary to have an overall mindset to prepare for management processes, scientifically manage ESG issues to conduct quantitative analysis of financial importance, and achieve standardized and systematic management of ESG data. With the promotion of relevant policies, the ESG information disclosure of A-share listed companies will be more standardized, and the quality is expected to be significantly improved.