ESG News //
The ISSB has launched a new work programme to further promote harmonization and integration in the field of sustainability disclosure
On 24 June, London Climate Action Week was held in conjunction with the IFRS Foundation General Assembly. ISSB President Fan Yimou announced that the ISSB will further promote the harmonization and integration of the area of sustainability disclosure as the ISSB begins to implement the new two-year work plan and issues a feedback statement on the work plan. These include: harmonizing disclosures related to transition plans and supporting the simplification and integration of disclosure frameworks and standards for transition plans; Ensuring the continued compatibility of the GHG Protocol and the work of the ISSB; Alignment with CDP; Full interoperability with the Global Reporting Initiative (GRI); Mutual communication with the Task Force on Nature-related Financial Disclosures.
The Shenzhen Stock Exchange released three indexes including SZSE Green Manufacturing
On June 25, Shenzhen Securities Information Co., Ltd., a wholly-owned subsidiary of the Shenzhen Stock Exchange, announced that it would release three indexes on June 28, including the Shenzhen Stock Exchange Green Manufacturing Index, the Shenzhen Stock Exchange Green Chemical Index and the Shenzhen Stock Exchange Green Building Materials Index. This is a pragmatic measure for the Shenzhen Stock Exchange to implement the "dual carbon" strategy, actively serve green finance, and continue to enrich the green index system of the Shenzhen Stock Exchange, which is conducive to giving full play to the function of the capital market platform, guiding and promoting the gathering of resources in the field of green and low-carbon transformation, providing diversified targets for medium and long-term capital allocation, and promoting green and high-quality development. With the development goal of building a "sustainable exchange benchmark", the Shenzhen Stock Exchange has always focused on index innovation and application transformation in the field of sustainable development. After the launch of the three indexes, the Shenzhen Green Index system has been further enriched.
ECB reports a 367 billion euro corporate bond portfolio with a 35% reduction in emissions
On June 25, the European Central Bank (ECB) released a new climate-related financial disclosure report, providing information on the carbon footprint of its portfolio and its climate risk exposure, noting that the carbon intensity of its €367 million corporate bond portfolio fell by 35% from 2021 to 2023. The report is the ECB's second set of climate-related disclosures following the launch of its climate action plan in 2021. The Climate Action Plan includes a commitment to increase climate-related transparency and initiatives to further integrate climate change considerations into monetary policy frameworks, strengthen its risk assessment tools and capacity to better incorporate climate-related risks, and improve external assessment of climate risks. According to the new report, the carbon intensity of the ECB's corporate bond portfolio has fallen significantly over the past few years, with CO2 emissions per million euros of revenue falling by more than 35% between 2021 and 2023 to 172 tonnes of CO2e.
The EU ESG standard ESRS and TNFD released a comparison table of ecological and biodiversity standards
The European Financial Reporting Advisory Group (EFA) and the Task Force on Nature-related Financial Disclosures (TFFD) have summarized the contents of the SDS mapping table from five dimensions, including concepts and definitions, materiality approach, LEAP methodology, reporting pillars, and disclosures and metrics. In terms of concepts and definitions, both the European Financial Reporting Advisory Group and the Working Group on Nature-related Financial Disclosures agree that nature, ecosystems and biodiversity have clear implications for stakeholders. Both incorporate the four natural domains of land, ocean, freshwater and atmosphere in the sustainability disclosure standards, and use the UN Convention on Biological Diversity to define biodiversity and ecosystems. They recommend that companies consider their dependence on and impacts on natural resources before undertaking a materiality assessment, and weigh the opportunities and risks arising from natural resources in terms of the expected extent of their financial impacts. These risks include physical, transitional, and systemic risks.
ESG Risk Analysis //
From June 22 to June 28, a total of 2,207 ESG disputes occurred in the A-share market, including 0 disputes involving the environment. There were 70 social incidents (63 low-risk events, 7 medium-risk events, and 0 high-risk events); There were 2,162 governance incidents (1,500 low-risk events, 434 medium-risk events, and 228 high-risk events).
In terms of industry distribution, the industrial industry has the highest number of disputes, accounting for more than 15% of the entire market; followed by the optional consumption, information technology and materials industries, the number of disputes accounted for 10%-15%, and the sum of the three accounted for 40.96%; The number of dispute incidents in the remaining seven industries accounted for less than 10%, accounting for 40.19% in total (Note: the industry classification is Wind Level 1).
From the perspective of the types of events, the disputes with high frequency mainly include securities price changes, related enterprise problems, abnormal share pledges, senior management changes, litigation disputes, regulatory measures, sales restrictions, shareholder reductions, etc.
Wind ESG Introduction // Based on 20 years of experience in data processing and analysis and enterprise risk monitoring capabilities, Wind has launched its own ESG rating. Based on the core connotation of ESG, the Wind ESG rating is in line with international standards and evaluation frameworks, and predictively evaluates the substantive ESG risks of enterprises and their sustainable operation capabilities through scientific and rigorous methodology according to the development characteristics of Chinese enterprises and the current situation of the capital market. At present, Wind's ESG rating has fully covered A-share and Hong Kong-listed companies, important bond issuers and domestic public funds. Users can enter "ESG" in the lower right corner of the Wind financial terminal to view the above details. At the same time, the WindESG database covers data of different granularities, which can provide users with flexible and customizable data and services to drive ESG investment research practices. Contact your Wind account manager for a free trial; To make an appointment for a roadshow or to open a trial, you can also send an email to: [email protected]
Review of historical articles
Witness History! The State Council, the China Securities Regulatory Commission, and the Exchange made a blockbuster shot", "Shenzhen, Beijing and other places collectively shot", "Gold suddenly dived! Two major negative effects have become an important fuse", "Throughout the 50-year history of the Federal Reserve's interest rate cuts, this time is the most unusual", "Beijing, Shenzhen, Nanjing property market has big news again"
ESG(Wind ESG评级)
Massive transparent data provides in-depth analysis of ESG fundamentals of listed companies
The indicators are in line with international standards and highlight Chinese characteristics
Risks penetrate layer by layer, and disputes are warned in time