CBCGDF Standards Committee Proposed Suggestions for the Shanghai Stock Exchange's Self-regulatory Guidelines for Listed Companies No. 14 - Sustainable Development Report (Trial) (Draft for Comments)

 

On February 8, 2024, the Shanghai Stock Exchange issued the "Guidelines for Continuous Supervision of Listed Companies - Sustainable Development Report (Draft for Comments), which systematically regulates the disclosure of ESG report information of listed companies and guides them to practice the concept of sustainable development. The Guidelines are open to the public for comments.

According to the Guidelines, it is required that the disclosure should involve three dimensions - environmental, social, and governance, of which the environmental information includes addressing climate change, pollution prevention and ecosystem conservation, resource utilization, and circular economy, and social information includes rural revitalization and social contributions, innovation driven, suppliers and customers, and employees, governance information includes governance mechanisms related to sustainable development, prevention of commercial bribery and unfair competition.

The sample companies listed on the Shanghai Stock Exchange 180 Index and the Science and Technology Innovation 50 Index, as well as companies listed both domestically and internationally, should disclose the Sustainable Development Report of Listed Companies or the Environmental, Social, and Governance Report of Listed Companies, and encourage other listed companies to voluntarily disclose.

The disclosure time shall be within 4 months after the end of each accounting year, and shall be disclosed together with the annual report after being reviewed and approved by the board of directors. Listed companies that are required to disclose ESG reports must ensure the release of their 2025 Sustainable Development Report by April 30, 2026, with sufficient transitional period.

The Standards Working Committee of China Biodiversity Conservation and Green Development Foundation (CBCGDF) released the "ESG Evaluation Standards" (T/CGDF 00011-2021) on October 14, 2021. The standard content specifies the basic principles, practical requirements, evaluation indicators, and evaluation methods for evaluating the environment, society, and governance. Intended to regulate social responsibility while promoting sustainable development of enterprises and institutions in the global context, and advancing the fourth civilization construction.

The Standards Working Committee of CBCGDF will organize relevant experts to discuss and provide feedback on the draft of the Guidelines, making them more comprehensive, systematic, and standardized.

Original article: https://mp.weixin.qq.com/s/83UugOVe8O9SE-dmMQkrRw

Translator: Richard

Checked by Sara

Editor: Richard

Contact: v10@cbcgdf.org; +8617319454776

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