Shangfu Lin: Financial institutions may become an attractor of ESG governance to the society to give back to the society

The 21st Century Business Herald reporter Li Dushangyu intern Liu Yuqing reported on September 3, at the 2022 China International Service Trade Fair "ESG and Sustainable Investment International Forum", the director of the Economic Committee of the National Committee of the Chinese People's Political Consultative Conference and the Special of the China International Multinational Corporation Promotion Association Vice President Shang Fulin was invited to attend the forum and delivered a speech. He pointed out that China should take the initiative to introduce the ESG industry, vigorously attract ESG investment, help the implementation of rural revitalization strategies, promote industrial prosperity, ecological livable, rural civilization, effective governance, rich life, etc. Target implementation. Increase the ESG concept into the framework and operating mechanism of the inclusive financial development system, so that the economic development results will benefit all the people.

In Shangfulin's view, China, as the world's largest developing country and second largest economy, is established with green low -carbon circular development economic systems, and the economic and social development has been steadily advanced.

Enterprises are the main force to promote sustainable development. Under the ESG industry in the rare period of historical opportunities in China, more and more companies take the ESG concept as an active choice to achieve high -quality development goals. It is necessary to vigorously promote social responsibility and encourage enterprises Healthy development, attracting employment, and returning to society.

The CBRC and the Securities Regulatory Commission have issued the latest version of the "Green Financial Guidelines for the Banking Insurance Industry" and "Guidelines for the Management of the Relationship Management of Investors of Listed Companies" in the "Banking Insurance Industry". The ESG concept has been officially included in the regulatory system.

Shang Fulin believes that it is necessary to promote enterprises to integrate ESG's relevant requirements into corporate governance and business processes, guide the flow of capital to actively perform social responsibility and have sustainable development capabilities, and better achieve organic combination of capital income demand and social development.

From the perspective of ESG information disclosure, financial institutions may become attractors for ESG governance to give back to society. As of the end of 2021, China's green credit balance was 15.9 trillion yuan, ranking first in the world. Actively disclosed more than 1,100 A -share listed companies related to ESG. There are more than 200 ESG theme funds with a scale of more than 200 billion yuan.

Shang Fulin said that the financial system should continue to use the ESG standards, realize the survival of the fittest, accelerate the improvement of the green financial standard system, encourage financial institutions to optimize financial products and service systems, improve the ESG investment strategy, and guide more financial resources to the ESG industry. At the same time, it helps enterprises to popularize ESG knowledge, manage ESG data, strengthen information disclosure, and jointly promote ESG investment concepts to take root and bloom in China.

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