ESG News | June

  31
Author:CASVI

Selected Monthly ESG News


Carbon finance


1.The first Chinese carbon credit evaluation system was launched in Ningbo

June 1st, the first Chinese carbon credit evaluation system was launched in Ningbo, which was developed by the Shanghai Environmental Energy Exchange in cooperation with the Center for Sustainable Development of Fudan University and the Global Securities Market Research Institute of Tsinghua University. The carbon credit evaluation assesses enterprises' adaptability and competitiveness in responding to the critical environmental factor of “climate change” and “carbon peaking and carbon neutrality goals”, resulting in a three-class and nine-rank evaluation result.


2.The Global Development Report:127 countries have proposed or are preparing to offer carbon neutral targets, covering   88% of carbon emissions

On June 20th, the China International Development Knowledge Center (CIDK) released the first edition of the Global Development Report, which states that as of May 2022, 127 countries have proposed or are preparing to offer carbon neutral targets, covering 90% of global GDP, 85% of the total population, and 88% of carbon emissions. Ninety countries have implemented SEEA, a 30% increase from 2017.


3.Huawei Smart PV was awarded the Product Carbon Footprint Verification Opinion Statement by the British Standards Institution (BSI)

On June 28th, Huawei Smart PV was awarded the Product Carbon Footprint Verification Opinion Statement by the British Standards Institution (BSI), the first carbon footprint statement for inverter products issued by BSI in the world. Huawei's "green, low-carbon, and sustainable" development concept runs through the entire lifecycle of inverter products and has been recognised by the authoritative organisation BSI.


Sustainable investment


1. IPSF released an updated version of the Common Catalogue for Sustainable Finance (CCF)

June 3rd, the “International Platform for Sustainable Finance (IPSF)”, a joint initiative of China, Europe, and other economies, released an updated version of the Common Catalogue for Sustainable Finance (CCF) on its official website. So far, 72 economic activities mitigate climate change in the "Common Classification”, and the new content includes economic activities that are important for the green transformation of the construction and manufacturing industries.


2.EATNS-the Carbon Management System Expert Committee and Assessment Working Committee were established.

On June 24, EATNS-the Carbon Management System Expert Committee-and Assessment Working Committee were established. It helps the government accurately manage and monitor the emissions of enterprises. More than ten local governments, such as Changzhou City and Yixing City, have implemented a carbon management system. At the same time, enterprises can also cope with the risk of carbon tariffs under international trade through the carbon management system. Few leading enterprises, such as Shanying International and Shanghai Construction Industry, have responded positively to the standardisation work.



Green finance


1.The Ministry of Science and Technology:China's new energy vehicle production and sales had ranked first in the world for seven consecutive years

June 6th, the Ministry of Science and Technology said in a press conference that China's new energy vehicle production and sales had ranked first in the world for seven consecutive years, and the layout is more complete. China uses coal as its primary energy source, so it has conducted research and development on efficient and clean utilisation of coal for 15 consecutive years. Until now, the technology has been promoted in the country, accounting for 26% of the total installed capacity of coal power. In addition, the scale of solar photovoltaic, wind power, a new type of display, semiconductor lighting, advanced energy storage and other industries are also among the world leaders.


2.The National Adaptation to Climate Change Strategy 2035

On June 14, the National Development and Reform Commission and 17 other departments jointly issued the National Adaptation to Climate Change Strategy 2035, which proposes that for sensitive industries such as finance, energy, tourism and transportation, climaterelated financial risks should be prevented and a mandatory disclosure system for information from various financial institutions should be established.


3.The Ministry of Industry and Information Technology and other six departments jointly issued the Industrial Energy Efficiency Improvement Action Plan

On June 29, the Ministry of Industry and Information Technology, Development and Reform Commission, Ministry of Finance and other six departments jointly issued the Industrial Energy Efficiency Improvement Action Plan. The Plan proposes that by 2025, energy consumption per unit of added value in industries above the scale will drop by 13.5% compared to 2020, the proportion of new energy-efficient transformers will reach more than 80%, 100 energy-efficiency "leading enterprises" will be screened in vital energy-using industries. Ten super-efficient factories will be explored and created.



Article classification: ESG News

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