news

esg policy

national carbon market welcomes first round of expansion

on september 9, the general office of the ministry of ecology and environment issued a letter soliciting public opinions on the "work plan for the national carbon emission trading market to cover the cement, steel, and electrolytic aluminum industries (draft for comments)". the above "draft for comments" proposes that 2024 will be the first control year for the cement, steel, and electrolytic aluminum industries, and the first compliance work will be completed before the end of 2025.

comments:including these industries in the carbon emissions trading market means that companies in these industries will be responsible for their greenhouse gas emissions and may need to purchase additional emission allowances to meet regulatory requirements. this will encourage companies to take emission reduction measures such as improving energy efficiency, adopting clean energy and improving production processes, thereby promoting the low-carbon transformation of the entire industry.

esg investing

catl: plans to invest 700 million yuan in carbon neutrality fund

on september 9, catl announced that it had signed a cooperation agreement with xiamen puquan private equity fund management partnership (limited partnership), shenzhen puquan investment co., ltd., etc., and planned to jointly establish a carbon neutral fund with 5.086 billion yuan, of which catl planned to subscribe 700 million yuan and hold 13.7633% of the fund's subscription. the fund mainly invests in new energy and high-end manufacturing fields, and the proportion of investment in the above fields shall not be less than 60% of the total subscribed capital of the fund.

comments:this investment by catl will not only bring potential financial returns to the company, but more importantly, it will strengthen the company's leadership in the global new energy industry and promote the implementation of the company's long-term sustainable development strategy.

esg perspective

dai xulong, vice president of the china society for international economic cooperation of the ministry of commerce: practicing the esg concept is changing from an "optional question" to a "mandatory question"

on september 12, dai xulong, vice president of the china society for international economic cooperation of the ministry of commerce and president of the beijing international economic management technology promotion association, stated at the "2024 china international economic management technology forum" that the esg concept is in line with the spirit of high-quality development and meets the requirements of china's era of sustainable development. against the backdrop of carbon peak and carbon neutrality, the practice of the esg concept is changing from an "optional question" to a "must-answer question."

comments:dai xulong's speech highlighted the importance of esg in china's future development and the key role of enterprises in promoting sustainable development and achieving carbon neutrality goals. with policy support and social expectations, esg is expected to become an important consideration for corporate operations and investment decisions.

esg outcomes

caixin think tank and china esg30 forum released the "2024 chinese enterprises' new overseas expansion" special report

according to reports, caixin think tank and china esg30 forum recently released the "2024 china enterprises' new overseas expansion" special report. it is worth noting that the report regards the development of esg and ai digital technologies as two key breakthroughs, and points out the important enabling value generated by the two in the process of enterprises going overseas. specifically, esg is the "anchor" for enterprises to go overseas, providing them with priority in market access and consolidating the foundation of sustainable value beyond profit growth.

comments:overall, this report provides a comprehensive and in-depth perspective for understanding the new trends, challenges and opportunities facing chinese companies going overseas, especially providing clear guidance and suggestions on how esg and ai technologies can become key factors in driving corporate globalization.

esg action

tianjin economic and technological development zone sustainable development (esg) report (2024) released

recently, tianjin economic and technological development zone officially released the "tianjin economic and technological development zone sustainable development (esg) report (2024)" at the 3rd global special economic zone alliance exchange conference, a series of international investment promotion activities of the 24th china international investment and trade fair. the report shows the world the new path and new model of green ecological and livable development, harmonious and orderly social and cultural development, and standardized and efficient park governance of teda industrial park.

comments:these efforts and achievements of tianjin economic and technological development zone have not only set a benchmark for the sustainable development of the region, but also provided a replicable and referenceable green and low-carbon development model for industrial parks around the world. as the world pays more and more attention to sustainable development and esg practices, these actions of tianjin economic and technological development zone will help promote a wider range of green transformation and sustainable development practices.

henan issues document to strengthen financial support for green and low-carbon development

the general office of the henan provincial government recently issued the "implementation plan for further strengthening financial support for green and low-carbon development in henan province", which continuously enriches and improves green financial products and services, and comprehensively improves the level of green financial innovation and development in the province. the plan proposes to guide banks, securities, insurance, funds and other financial institutions to actively underwrite and subscribe to various types of green bonds, and support qualified enterprises to issue green bonds, carbon neutral bonds, sustainable development-linked bonds, transition bonds and green asset-backed securities. support local legal person financial institutions to issue green financial bonds, actively explore green credit asset securitization, and broaden green project financing channels.

comments:the plan issued by the general office of the henan provincial government is a comprehensive and forward-looking plan to promote the green and low-carbon transformation and high-quality economic development of henan province. the release of the plan reflects henan province's high attention to green finance and its firm commitment to achieving carbon peak and carbon neutrality goals.

esg international

eu commission urges members to work towards 2030 energy targets

the european commission released a report on the 11th, urging eu member states to submit the national energy and climate plan as soon as possible, while stepping up regional coordination, solving bottleneck problems, and striving to achieve the eu's 2030 energy conservation and emission reduction goals. the report pointed out that coordination among member states, as well as market integration and joint action, should be strengthened to meet new challenges, including the increase in energy poverty, energy price differences compared with other global competitors, and new critical dependence risks. the report calls for a partnership with the industry to accelerate the development of net zero technology and strengthen the eu's manufacturing base.

comments:these measures will not only help push eu member states towards their carbon neutrality goals, but also demonstrate the eu's leadership in global climate action. through these actions, the eu aims to promote economic growth and create jobs while ensuring energy security and environmental protection and achieving sustainable development. these efforts may also have a positive impact on other parts of the world, inspiring more countries and regions to take similar climate actions.

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