The interconnection and intercommunication of carbon inclusive platforms in various regions is imperative
Recently, the Wuhan Ecology and Environment Bureau released the "Wuhan Carbon Inclusive Management Measures (Trial) (Public Consultation Draft)", encouraging government agencies, enterprises, institutions, organizations, and individuals to voluntarily implement carbon neutrality by purchasing carbon inclusive emission reductions. Previously, Wuhan issued the "Implementation Plan for the Construction of Wuhan Carbon Inclusive System (2023-2025)", proposing to establish a structurally sound, scientifically standardized, and distinctive carbon inclusive institutional system by 2025, explore the formation of more than 10 carbon inclusive methodologies and carbon reduction scenario evaluation standards, and develop and construct more than 50 key areas of carbon reduction projects and scenarios. As one of the first seven carbon trading pilot projects in China and one of the two major supports of the national carbon market, Wuhan, Hubei has gradually established a mature carbon market trading system, forming three major platforms: Zhongcarbondeng, Wuhan Carbon Clearing House, and Hubei Carbon Emission Trading Center. As early as 2014, Wuhan took the lead in piloting a carbon inclusive mechanism nationwide. On this basis, Wuhan will further promote the construction of a carbon inclusive system and guide the public and more market entities to participate in the dual carbon action, which will help promote the construction of a national level carbon inclusive system.
Achieve carbon neutrality before 2050!How to achieve Hisense's "dual carbon target",Jia Shaoqian sets a blueprint for action
On October 16th, the 2024 ESG Global Leaders Conference was held in Shanghai, where top experts, scholars, and business representatives from 40 countries around the world communicated and discussed cutting-edge ESG issues. Jia Shaoqian, Chairman of Hisense Group, attended and delivered a keynote speech, announcing for the first time Hisense Group's dual carbon goals - to achieve operational carbon peak no later than 2026 and operational carbon neutrality no later than 2050. He also pointed out that Hisense will promote ESG implementation in three directions: low-carbon operation, low-carbon industrial chain, and low-carbon products and services. Under the trend of globalization, ESG, as the world standard for measuring the sustainable development ability of enterprises, is also becoming the world language for evaluating the image and reputation of enterprises. It is also a key element for promoting high-quality development of the global economy. It is timely for enterprises to promote ESG governance, and it will become increasingly important in the future. According to Jia Shaoqian, in recent years, Hisense has implemented ESG as a "comprehensive layout" and "global action" for the entire group. At the beginning of this year, Hisense established an ESG committee under the group's board of directors as the leading department to promote the implementation of various ESG work. After the new board of directors of Hisense Group took office this year, the board has reached a consensus and clearly required Hisense to build a world-class enterprise and become a world-class brand. Looking at the world, first-class enterprises must have first-class ESG performance and first-class corporate governance level, "said Jia Shaoqian.
Bloomberg launches new tool to assist investors,Assessing biodiversity and nature related risks
On October 16th, Bloomberg, a provider of business and financial market information services, announced the launch of a new solution aimed at helping investors assess the natural and biodiversity risks they face and the impact of their investments, and aligning reports with the recommendations of the Nature Related Task Force on Financial Disclosures (TNFD). The key insights provided by the new solution include the percentage of company revenue in high natural risk industries, participation in commodities related to deforestation, percentage of assets in pristine areas, management and policies for natural related risks such as water scarcity and governance, sustainable procurement of natural commodities, and pollution, waste, and water management practices.
CalSTRS decarbonizes towards Ninety One,Opportunity Focus Strategy Awards $150 Million Authorization
On October 16th, Ninety One, a global active asset management company headquartered in the UK and South Africa, announced that its decarbonization focused global environmental strategy has received a $150 million authorization from CalSTRS, one of the largest public pension funds in the US. Ninety One's global environmental strategy is a firm, focused global stock investment portfolio that offers decades of structural growth opportunities brought about by decarbonization by investing in stocks of companies that are expected to contribute to the global low-carbon economic transformation. This $4.2 billion focuses on three key decarbonization areas, including renewable energy, resource efficiency, and electrification, managed by sustainable equity manager Deirdre Cooper and portfolio manager Graeme Baker.
Implementing the Path of Sustainable Development2024 Shanghai ESG Development Report Released
On October 16th, 2024, the Global Leadership Conference on Environment, Social and Corporate Governance opened in Huangpu. The theme of this conference is "Promoting Global ESG Cooperation, Development, and Win Win". The '2024 Shanghai ESG Development Report on the Path to Sustainable Development' was officially released at the conference. This is the first systematic report on the development of local ESG in China, contributing to the "Shanghai Wisdom" and "Shanghai Plan" for sustainable development nationwide and even globally. The report points out that as a pioneer city in China's ESG development, Shanghai not only actively responds to the national "dual carbon" strategy, but also formulates a series of forward-looking and innovative ESG related policies and action plans based on its positioning as an international economic and financial center. In addition, Shanghai has made significant progress in key areas such as ESG information disclosure, index compilation, and institutional clustering, gradually becoming a benchmark for ESG development in various regions of China. The report also provides an in-depth analysis of the roles played by various participants in the Shanghai ESG ecosystem in promoting ESG development. According to the report, both listed and non listed companies in Shanghai actively participate in ESG practices, with listed companies having better ESG practices than non listed companies and state-owned enterprises having better ESG practices than non-state-owned enterprises. This indicates that external supervision and promotion play an extremely important role in promoting ESG concepts and practices. In terms of innovative services in financial institutions, many financial institutions in Shanghai have incorporated ESG indicators into their investment decision-making, actively promoting the integration and practice of sustainable development concepts in the financial industry.
2024 ESG Global Leaders ConferenceOn the third day:Ambassador to China, Dean of UniversityAuthoritative institutions discuss ESG governance together
Recently, with the approval of the State Council, the 2024 ESG Global Leadership Conference (hereinafter referred to as the "2024 ESG Global Leadership Conference") was held in Shanghai from October 16th to 18th, hosted by CITIC Group and Sina Group, and organized by Sina Finance and CITIC Publishing (30.590, 0.63, 2.10%) Group. The theme of this conference is "Promoting Global ESG Cooperation, Development, and Win Win". On October 18th, 2024, the ESG Global Leaders Conference entered its third day. At the conference, heads of the National Council of Social Security Fund, the China Development Research Foundation, the World Resources Forum and the International Organization for Standardization, as well as presidents and honorary professors of Fudan University, Renmin University of China, Shanghai Jiaotong University, New York University in Shanghai and other universities, attended the conference and delivered wonderful speeches. In addition, the winners of the 2016 Nobel Prize in Economics, the 2014 Nobel Prize in Economics, and the 2011 Nobel Peace Prize each shared ESG related issues. Guests from companies such as Sony China, Siemens Energy, Merck China, Deloitte China, KPMG, and Bosch Group also engaged in a collision of views on cutting-edge ESG topics.
