On April 12, 2024, the three major domestic stock exchanges officially launched the "Guidelines for Sustainable Development Reporting of Listed Companies (Trial)", and domestic supervision has officially launched the Chinese standard for sustainable development information in the capital market. The most striking thing is that this supervision has conveyed clear disclosure time and disclosure requirements. For the sample companies of the SSE 180, Science and Technology Innovation 50, Shenzhen 100, and ChiNext indices , as well as companies listed at home and abroad, the 2025 "Sustainable Development Report" should be disclosed for the first time in 2026 at the latest, and other companies are encouraged to disclose voluntarily.
Build a sustainable development information disclosure framework and strengthen sustainable development information disclosure
The guidelines issued by the three major exchanges have clearly put forward the disclosure framework of sustainable development information, carried out topic importance analysis around the four core contents of "governance, strategy, impact, risk and opportunity management, indicators and goals", and clarified the relevant disclosure topics. Clear disclosure requirements are of great significance to improving the disclosure quality of listed companies. At the same time, the guidelines encourage qualified companies to use scenario analysis and other methods to conduct climate adaptability assessments and hire third-party institutions to conduct greenhouse gas emission data verification or certification. The release of this guideline will effectively promote the disclosure of sustainable development information by listed companies in China, enhance the enthusiasm of listed companies for continuous disclosure, improve the disclosure quality of listed companies, and lay a good data foundation for in-depth ESG rating.
CCX Green Finance International continues to provide ESG rating and disclosure services to listed companies
As China's first-class credit rating agency, China Chengxin has been deeply involved in China's capital market for more than 30 years. Since the beginning of the development of China's green finance market, CCXGF has actively participated in the disclosure and rating of sustainable development information in the capital market. Relying on China Chengxin's 32 years of credit rating experience, CCXGF has developed ESG rating models for 57 industries, assigning different ESG rating weights to different industries based on industry characteristics and business attributes. It has rich practical experience in analyzing ESG key issues, showing deep industry accumulation, and has received good feedback from the market.
At the same time, CCXGF has developed an ESG investor service platform, covering more than 6,000 A-share and Chinese Hong Kong-listed companies and more than 4,300 bond issuers, accumulating ESG rating data over the past four years, actively assisting listed companies and bond issuers in conducting ESG rating work, and providing investors with a good data foundation and rating basis. At the same time, CCXGF actively participates in the formulation of relevant ESG groups and industry standards, including the ESG Report Preparation Guidelines for Electronic Information Enterprises and the ESG Report Preparation Guidelines for Financial Leasing Enterprises, and actively publishes China Chengxin's views and voices at the ESG standard level to promote the widespread implementation of ESG business.
ESG rating services can effectively guide the rated companies to improve their ESG management. At the same time, as the basis of index products, ESG ratings will bring incremental funds to companies selected into the index components. Carrying out ESG ratings is also an excellent opportunity to understand the ESG level of peers, as well as the company's own ESG performance and positioning, which is conducive to further formulating ESG strategies and policies that are in line with the development of the company. In short, ESG ratings can be used as a management tool for the company itself. A good ESG rating is conducive to improving the company's brand image and thus increasing the company's market value.
The guidelines issued by the three major exchanges also specifically encourage listed companies to conduct climate adaptability analysis and conduct verification work on greenhouse gas emission data. CCXGF has front-line practical experience in climate risk stress testing, has conducted climate risk stress testing services for financial institutions many times, and has rich project experience in climate adaptability analysis. China Chengxin Certification has AA1000 verification qualifications and can provide verification services for greenhouse gas emission data in ESG reports of listed companies , improve the effectiveness of disclosure of sustainable development reports, and enhance the confidence of investors and stakeholders in the disclosure of sustainable development information by listed companies.
