ESG (Environmental, Social, Governance) issues have attracted much attention and become a hot topic of discussion among representatives and committee members. They have provided suggestions and recommendations around core issues such as ESG policies, green finance, and corporate ESG practices, injecting new momentum into the development of China's ESG industry.
Here are some wonderful excerpts from the views of National People's Congress deputies and members on ESG hot topics:
Huang Shizhong, NPC Representative：
To improve the quality of ESG and sustainable development information disclosure in China and prevent greenwashing and whitewashing, he suggested that the financial regulatory authorities should accelerate the development and release of sustainable development report verification standards that are coordinated with the International Sustainable Development Standards (ISSA 5000) and in line with China's actual situation. By establishing a comprehensive corporate sustainable disclosure standard and certification system, we ensure the information quality of ESG and sustainable development reports, and provide a solid information disclosure system foundation for the high-quality development of China's economy and society.
Lv Zhongmei, NPC deputy：
She called for the establishment of sustainable development guidelines, standards, and evaluation systems applicable to Chinese enterprises. Currently, domestic enterprises lack unified standards for ESG evaluation, and the differences in information disclosure affect their objectivity and comparability. She suggested that the National Development and Reform Commission, the State owned Assets Supervision and Administration Commission of the State Council, and the China Securities Regulatory Commission jointly lead the development of unified sustainable development guidelines and an ESG indicator system with Chinese characteristics.
He Jie, a member of the National Committee of the Chinese People's Political Consultative Conference：
He emphasized the need to seize the opportunities of global ESG development and promote sustainable financial practices. On the one hand, it is necessary to enrich the connotation of green finance, not only to support "pure green" economic activities, but also to increase financial support for the green transformation of non green industries, formulate transformation financial standards, innovate carbon emission reduction linked financial products, and improve incentive mechanisms. On the other hand, we need to address the challenges of global ESG development, promote sustainable information disclosure by business entities, incorporate ESG into the risk control system and corporate governance framework of financial institutions, enrich green financial product services, and increase capital market support for green and low-carbon development.
Chen Weihong, member of the National Committee of the Chinese People's Political Consultative Conference：
He believes that ESG is not only a new language for corporate and international dialogue, but also an important tool for integrating corporate social value and business value. He called on financial institutions to increase their support for green industries and promote the deep integration of green finance and ESG.
Huo Yingli, a member of the National Committee of the Chinese People's Political Consultative Conference：
She put forward five suggestions: first, unify green finance standards; Secondly, improve the mechanism for sustainable information disclosure; Thirdly, enrich green financial products and market systems; Fourth, improve the incentive and restraint mechanism of green finance; The fifth is to accelerate the establishment of a transitional financial policy framework, establish transitional financial standards at the national level, and provide policy support for the low-carbon transformation of carbon intensive industries.
Liu Hanyuan, NPC deputy：
He put forward three suggestions regarding ESG: firstly, the State Administration for Market Regulation and others should take the lead in formulating a supply chain ESG audit standard system led by China; Secondly, we will pilot ESG audits for the supply chain in the new energy industry and continuously optimize and improve them; The third is to promote the internationalization of China's supply chain ESG audit standard system, enhance international recognition and discourse power.
Dong Caiping, NPC deputy：
He suggested accelerating the construction of a carbon data management system for the entire industry chain and enhancing international discourse power. This includes establishing a national level carbon footprint management platform, promoting international mutual recognition of carbon accounting standards, encouraging companies to publish ESG reports that comply with international standards, and providing professional policy interpretations led by the government to help companies integrate into the carbon trading system.
Han Feng, NPC deputy：
He suggested accelerating the improvement of ESG information disclosure mechanisms, building an ESG evaluation system that is in line with China's national conditions, and promoting financial institutions to support green and low-carbon development.
Zhou Yanfang, Director of the China Pacific Insurance Strategic Research Center：
She proposed to accelerate the establishment of a long-term care insurance system and promote innovation in the ESG field in the insurance industry.
Shi Yichen, a member of the National Committee of the Chinese People's Political Consultative Conference：
He suggested accelerating the development of transitional financial standards to promote financial institutions to better support green and low-carbon development.
Chen Bairong, Wine Body Designer at Shede Winery Technology Research Institute：
She put forward two suggestions for the Baijiu industry: first, speed up the formulation and improvement of the international ESG standard system; The second is to increase the guidance and help for the construction of the ESG management system of the Baijiu industry.
In addition, several representatives and committee members emphasized that China's ESG development should be in line with international standards and strengthen exchanges and cooperation with international organizations and other countries. Especially under the "the Belt and Road" initiative, the docking of ESG standards and green investment should be promoted.
In the past two years, ESG has become one of the important topics of the Two Sessions. Looking ahead, with the continuous optimization of policies and the increasing maturity of the market, ESG information disclosure will become an important bridge for communication between enterprises, investors, and the general public, helping the economy and society achieve comprehensive green transformation.