Contribute to global sustainable development"Shanghai Wisdom" Gaofin took the lead in writing and publishing the “2024 Shanghai ESG Development Report”
by"Promote global ESG cooperation, development and win-win"The 2024 Fourth ESG Global Leaders Conference with the theme of ESG was held in Huangpu District, Shanghai from October 16th to 18th. This conference is jointly sponsored by CITIC Group and Sina Group, and hosted by Sina Finance and CITIC Publishing Group. The meeting was officially released by the Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University (hereinafter referred to as"High gold"”Practing the Road to Sustainable Development – 2024 Shanghai ESG Development Report” (hereinafter referred to as"Report"), SAIF also provided academic support for this conference.
Gaofin took the lead in writing and publishing the “2024 Shanghai ESG Development Report”
This report is the first systematic report on local ESG development in China. It was led by SAIF and jointly with a number of companies and institutions. It was compiled through extensive research and systematic review, combined with the latest policies, data and cases. The report working group is led by Tu Guangshao, the first chairman of SAIF, and Yan Hong, chair professor of finance at SAIF and director of the Sustainable Investment Research Center. Other participating units include Shanghai State-owned Capital Operations Research Institute Co., Ltd., Shanghai Exchange Group Co., Ltd., China Pacific Insurance (Group) Co., Ltd., Ernst & Young Hua Ming LLP, Ping’an Guoyun (Beijing) Technology Co., Ltd., and Shanghai Pudong Development Bank Co., Ltd., Guotai Junan Securities Co., Ltd., Orient Securities Co., Ltd., China Universal Fund Management Co., Ltd., Harvest Fund Management Co., Ltd., China Securities Index Co., Ltd., Shanghai Huanyi Environmental Technology Co., Ltd., Sina Finance ESG Rating Center , Urban and Rural Coordination Planning Research Center of Shanghai Tongji Urban Planning and Design Institute.
Report released
The report systematically reflects the current status of ESG development in Shanghai, summarizes the achievements and challenges faced by all participants in the innovative practice of ESG, and explores the future direction and strategies of ESG to contribute to the sustainable development of the country and the world. contributed to development"Shanghai Wisdom"and"Shanghai plan".
In the face of increasingly serious global climate problems and rising social responsibility requirements, how companies can promote the harmonious development of environment, society and governance (ESG) while pursuing economic benefits has become a core issue of widespread concern to the international community. As a leader in China’s economy and an important hub in the international financial system, Shanghai’s innovative practices in the field of ESG not only lead the domestic ESG development trend, but also occupy an important position in the global ESG development pattern. The report points out through research that Shanghai, as a pioneer city in China’s ESG development, not only actively responds to the national"Double carbon"strategy, and based on its positioning as an international economic and financial center, it has formulated a series of forward-looking and innovative ESG-related policies and action plans. In addition, Shanghai has made significant progress in key areas such as ESG information disclosure, index compilation and institutional clustering, and has gradually become a benchmark for ESG development in various domestic regions.
The report also provides an in-depth analysis of the role played by various participants in the Shanghai ESG ecosystem in promoting ESG development. According to the report, in terms of corporate practices, both listed companies and unlisted companies in Shanghai actively participate in ESG practices. Among them, the ESG practices of listed companies are better than those of unlisted companies, and the ESG practices of state-owned companies are better than those of non-state-owned companies, indicating that external Supervision and promotion play an extremely important role in promoting ESG concepts and practices. In terms of innovative services for financial institutions, many financial institutions in Shanghai have incorporated ESG indicators into the consideration scope of investment decisions and actively promoted the integration and practice of sustainable development concepts in the financial industry. From the perspective of the market system that supports ESG development, major trading platforms in Shanghai have vigorously promoted the construction of ESG data infrastructure on the one hand, and on the other hand have continued to promote the standardization and unification of ESG evaluation standards. In terms of support from professional service agencies, third-party agencies in Shanghai provide a wide range of ESG services, tailor-made ESG solutions for enterprises, and help enterprises improve their ESG performance and achieve sustainable development goals. At the same time, the development of ESG practices in Shanghai is inseparable from multiple participants including the government, industry organizations, educational institutions, media and the public. These participants together form a healthy and comprehensive ESG ecosystem.
In addition, the report also points out that Shanghai should be committed to achieving ESG"Four modernizations"Construction, that is, the internalization of ESG business activities, the standardization of ESG information disclosure, the systematization of the ESG evaluation system and the realization of ESG value, are not only the key to Shanghai’s sustainable development, but also an important direction for promoting global ESG progress.
Tu Guangshao, the first chairman of SAIF, delivered a speech
As an international business school focusing on finance, SAIF has been committed to disseminating ESG concepts and cultivating talents since its establishment 15 years ago, injecting continuous vitality into the ESG cause. In the field of sustainable development research, SAIF scholars have obtained rich academic research results, and so far relevant academic papers have been cited more than 1,200 times. SAIF continues to provide high-level research reports and policy recommendations by conducting research on key topics. In addition to the “2024 Shanghai ESG Development Report” released this time, it has also released results such as the “Shanghai Green Finance Index”. In terms of curriculum system construction, SAIF has launched a sustainable finance curriculum system covering the Sustainable Development Goals (SDGs), and is committed to cultivating high-level talents who serve the national green development strategy. SAIF has also co-established the SAIF Sustainable Investment Research Center with global partners, and organized a number of high-end forums in the field of sustainable development through extensive cooperation with all parties to continuously promote the dissemination and practice of sustainable investment concepts and promote sustainable social and economic development. .
Attachment: Drafting of each chapter of the report and introduction to content providers
The first chapter of the report was drafted by Xu Haoran and An Wenfei of the Shanghai State-owned Capital Operation Research Institute, and the second chapter was drafted by the Shanghai Exchange Group team (Shi Qiwei, Li Jin, Wu Lieyi, Chen Yanyan, Wu Lin, Zhang Xuelai, Shi Haofeng, Gong Xin?, Jin Xi) are responsible for organizing, coordinating and writing. Su Shaojun and Wang Qian of China Pacific Insurance Group were responsible for drafting, coordinating and integrating Chapter 3 and wrote the insurance industry content. Song Ruibo and Li Rui of Shanghai Pudong Development Bank wrote the banking industry content. Zhao Zijian and Zheng Yikun of Guotai Junan Securities and Dongfang Xu Jiagang and Ye Chengjie from Securities wrote about the securities industry, while Jiang Ning from China Universal Fund and Han Xiaoyan and Song Aolin from Harvest Fund wrote about the fund industry. The team at Shanghai Exchange Group provided some of the trading platform content in Chapter 4. Ernst & Young’s Li Jing and Zhang Shengzhu wrote Chapter 5, integrating content from CSI (Zhang Fan) and Shanghai Huanyi Environmental Technology (Gong Wanbin, Ma Shiyu, Lu Lu, Dong Luyao). Ping An Guoyun’s team (Wu Hu, Wang Xiaomeng, Wu Ruohan, Fang Zheng, Xin Yu) was responsible for drafting Chapter 6 and contributed to Chapter 7. Participating in the writing of Chapter 7 are Xu Haoran and An Wenfei from the Shanghai State-owned Capital Operation Research Institute, Li Tao and Fan Chengcheng from the Sina Finance ESG Rating Center, Gao Yu from the Urban and Rural Coordination Planning Research Center of the Shanghai Tongji Urban Planning and Design Institute, and Shanghai Senior Wang Tan, Qiu Ciguan and Sun Yuanchi from the School of Finance. The specific drafting work was completed by the Shanghai Advanced Institute of Finance Gaofin Think Tank (Wang Yangzi, Lin Longzhun, Sun Yuanchi, Mao Shiqian, Wang Jiayun, Wen Mengyao). Professor Li Feng and Professor Liu Xiaochun from the SAIF Think Tank also provided support for the completion of the report.
At the same time, the report has received guidance and support from the Shanghai Local Financial Supervision and Administration Bureau, Shanghai Municipal Commerce Commission, Shanghai Economic and Information Technology Commission, Shanghai Council for the Promotion of International Trade, Shanghai Pudong Association of Enterprises with Foreign Investment and China Economic Information Service Shanghai Headquarters Support and help were also provided for the data information and questionnaire survey in the report.
