Original title: Focus on ESG, Shanghai and Shenzhen Stock Exchanges support high-quality development of green, low-carbon economy
● Our reporter Huang Lingling Huang Yiling
The “dual carbon” strategy is actively implemented, and environmental resources, social responsibility and corporate governance (ESG) have received extensive attention. On August 26, Cai Jianchun, General Manager of Shanghai Stock Exchange, and Sha Yan, General Manager of Shenzhen Stock Exchange, both delivered keynote speeches at the first “ESG Global Leaders Summit” to support the high-quality development of a green and low-carbon economy.
Exchanges play an important role
Doing a good job in “carbon peaking and carbon neutrality” has been listed as a key task in the first year of the “14th Five-Year Plan”. Sha Yan said that in this context, to promote a comprehensive green transformation of economic and social development, to better serve the ecology, to give priority to green, low-carbon, and high-quality development, the capital market has an unshirkable responsibility and promises to do. The popularization and deepening of ESG investment concepts has also become an important aspect of the reform and development of the capital market. .
Cai Jianchun believes that exchanges connect investors, listed companies, and intermediaries in the market and play an important role in the ESG ecological chain. In recent years, under the background that the world generally attaches importance to the ESG concept, the exchange has actively become a practitioner, contributor and leader of this concept, which is mainly reflected in strengthening ESG information disclosure, enriching ESG investment products, and participating in the formulation of ESG international standards , Cultivate ESG investors, take the lead in implementing the concept of sustainable development, etc.
According to statistics from the United Nations Sustainable Exchange Initiative (UN SSE), 26 stock exchanges around the world have required mandatory ESG information disclosure, and more exchanges are actively encouraging voluntary disclosure. Sixty stock exchanges have specifically issued ESG reporting guidelines to actively guide issuers in ESG information disclosure, and many exchanges plan to issue ESG disclosure guidelines.
Cai Jianchun said that as global institutional investors gradually incorporate ESG concepts into their investment strategies, the exchange industry is also actively deploying and enriching ESG investment products to facilitate ESG investment. At present, 42 stock exchanges around the world have established ESG-related bond sections. The categories have expanded from traditional green bonds to sustainable development bonds, social bonds and other innovative varieties. ESG indexes and index tracking ETFs have also become numerous stock exchanges. Vigorously developed investment varieties.
Leading the market to “green development” to achieve positive results
The Shanghai and Shenzhen Stock Exchanges carried out environmental information disclosure and green index compilation earlier, and adopted a series of measures to guide the “green development” of the market, which has achieved positive results.
Cai Jianchun introduced that in terms of supporting green enterprises and project financing, in the past three years, a total of 38 new energy, energy saving and environmental protection enterprises have been listed on the Shanghai Stock Exchange, with a total of 37.4 billion yuan in IPO financing. Since the pilot program, a total of 237 green corporate bonds and 290 green asset-backed securities have been issued on the Shanghai Stock Exchange, with an issuance scale of 310 billion yuan.
Sha Yan said that currently, there are more than 260 listed companies engaged in green industries in Shenzhen, with a cumulative equity financing of more than 790 billion yuan, and a total market value of more than 6.9 trillion yuan, accounting for 18% of the total market value of listed companies in Shenzhen, covering new energy materials, New energy vehicles, energy saving and environmental protection industries. The Shenzhen Stock Exchange has issued a total of 56 green corporate bonds with a value of 42.8 billion yuan and 16 green ABS with a value of 19.8 billion yuan.
The Shanghai and Shenzhen Stock Exchanges continue to improve the relevant requirements for ESG letter disclosure. After years of hard work, the quality of ESG information disclosure by listed companies on the Shanghai and Shenzhen stock exchanges has improved significantly. (Next to A02 version)