ESG News | Jan

Selected Monthly ESG News

Green Finance

1. The Implementation Rules for Green Finance Evaluation of Shanghai Banking Financial Institutions was Released

On January 4th, the Implementation Rules for Green Finance Evaluation of Shanghai Banking Financial Institutions was released, which is aimed at legal persons of Shanghai banking financial institutions, and the green finance business currently included in the scope of evaluation includes domestic green loans and domestic green bonds, and the green finance evaluation is carried out quarterly, and the evaluation results are incorporated into the financial institution rating of the Central Bank.

2. The Ministry of Finance Issued a New Subsidy Policy for New Energy Vehicles in 2022

On January 4th, the Ministry of Finance and the National Development and Reform Commission jointly issued the Circular on the Promotion and Application of Financial subsidy Policy for New Energy vehicles in 2022, in which it is clear that in 2022, the subsidy standard for new energy vehicles will decline by 30% on the basis of 2021. The subsidy policy for the purchase of new energy vehicles will be terminated on December 31, 2022, and vehicles licensed after December 31, 2022 will no longer be subsidized.

3. The Ministry of Ecology and Environment Issued 132800 decisions on Environmental Administrative Penalties

On January 22nd, according to the Ministry of Ecology and Environment, a total of 132800 decisions on environmental administrative penalties have been issued in 2021, with fines and confiscations totalling 11.687 billion yuan and an average fine of 88000 yuan. The top five provinces with fines are Shandong, Guangdong, Jiangsu, Hebei and Zhejiang.

4. IDG Capital Announced the Establishment of China's First Zero-carbon Technology Investment Fund

On January 24th, Hong Kong and China Gas Co., Ltd., the strategic investor of IDG Capital Joint Fund, announced the establishment of China's first zero-carbon

technology investment fund with a total size of 10 billion yuan and an initial fund-raising scale of 5 billion yuan. The fund focuses on zero-carbon technology-related innovations such as solar energy, wind energy, power batteries, energy storage, smart grid, hydrogen energy, carbon trading and management.

Carbon Finance

1. Southern Power Grid Inaugurated the South China Network Carbon Asset Management Company

On January 10th, Southern Power Grid inaugurated the South China Network Carbon Asset Management Company in Guangzhou, which will focus on carbon industry, carbon services and carbon finance, and its business scope mainly includes carbon asset investment and management, carbon emission reduction, carbon conversion, carbon capture, carbon storage technology research and development, and energy-saving management services.

2. China Post Issued "Opinions of China Post Group Corporation on the Implementation of Carbon Peaking and Carbon Neutral Work"

On January 12th, China Post issued "Opinions of China Post Group Corporation on the Implementation of Carbon Peaking and Carbon Neutral Work", which proposed 4 major tasks and 20 specific initiatives for China Post to implement carbon peaking and carbon neutral work, and to fully establish a green postal sustainable development and green product service system by 2060.

Sustainable Investment

1. Hurun Released Top 100 Chinese Private Enterprises for Sustainable Development

On January 10th, the 2021 Hurun Top 100 list of Chinese Private Enterprises for Sustainable Development was released, listing the top 100 Chinese private enterprises that best meet the 17 sustainable development goals of the United Nations. The Top 100 list is intended to provide some excellent reference experience for Chinese private enterprises and encourage more enterprises to take sustainable development into consideration at a time when carbon neutralization and sustainable development have attracted increasing global attention.

2. The Winter Olympic Organizing Committee Released a Sustainability Report

On January 13th, the Winter Olympic Organizing Committee released the "Sustainable - To the Future - Beijing Winter Olympic Games Sustainability Report (Pre-Games)". The report points out that the Beijing Winter Olympics will reduce carbon emissions at source by using the Beijing 2008 Olympic venues for the games; at the same time, it will build low-carbon venues, use low-carbon energy across the board, and rely on the cross-regional green power trading mechanism to use 100% green power for conventional energy in all venues during the games.

ESG

1. Tianjin Pilot Free Trade Zone released the "Corporate ESG Evaluation Guide"

On January 18th, the Tianjin Pilot Free Trade Zone released the "Corporate ESG Evaluation Guide (Trial Version)", the first provincial ESG rating standard in China. The Guide relies on a database of more than 1,500 listed companies and sets out more than 520 qualitative and quantitative indicators to reflect the level of ESG management practices and the ability of enterprises to deal with major unexpected risks.

2. Shanghai Stock Exchange Issued Annual Report for 2021 Science and Technology Innovation Board

On January 19th, the Shanghai Stock Exchange issued the Circular on doing a good job in the disclosure of Science and Technology Innovation Board's annual report for 2021 to Science and Technology Innovation Board listed companies through its internal system. The Annual report work notice improved Science and Technology Innovation Board's ESG information disclosure requirements, and the SSE required companies of the Kechuang 50 index to take the lead in disclosing social responsibility reports separately.

Article classification: ESG News