When capital hugs green

In the context of vigorously promoting the construction of ecological civilization and striving to achieve the "double carbon" goal, the continuous heating up of ESG investment should be expected.

ESG's investment concept will supplement the factors of environmental, social and corporate governance into a traditional analysis framework based on financial performance, and guide funds to flow to environmental protection, social public welfare, and company governance companies with excellent enterprises. According to the latest "Global Sustainable Investment Review 2020" released by the Global Sustainable Investment Alliance, the total assets of global professional management have increased to US $ 9.84 trillion, and sustainable investment management assets account for 35.9%of the total management assets.

Photovoltaic, wind power, new energy vehicles/batteries, charging piles, hydrogen energy ... In the past two years, domestic capital has launched a horse -raid investment competition with a high -recognition track, distributed energy storage, biofuel fuel , Industrial decontamination, carbon capture, utilization and sealing (CCUS) and other industries are also favored by many capitals. The requirements of "entering the new development stage, implementing the new development concept, and building a new development pattern" and the tasks of achieving high -quality economic development, sustainable development, and green development of the economy need to be supported by developing ESG investment. ESG investment has quickly become a focus of the wave of sustainable financial development, and has huge social needs and broad development space in my country.

On the other hand, for the capital itself, ESG seems to have a "seat belt" for investment. It cannot guarantee certain profits, but shows stable characteristics in confrontation. There are professional institutions based on 6 ESG rating data and data on listed companies. The results show that ESG's ability to interpret the stock price yield and volatility is not strong, but at a certain level of confidence, the higher the ESG rating, the more the stock price yield one year, the more the ESG rating. High, the smaller the stock price volatility. In investment, the ESG investment strategy as an important criterion for measuring corporate profit and sustainable development capabilities is becoming an effective means of screening and optimization indexes. The environment (E), social (S) and corporate governance (G) and other elements The concept of sustainable development has become an important basis for investment decision -making.

With the increasingly clarity of my country's top financial top -level policy, objectively requires economic entities, especially financial institutions, to curb unsustainable development of unsustainable development from the source. Complete.

Between the lofty goals of sustainable development and the actual demand of the continuous profit of capital, ESG is obviously a bridge, allowing the two to support each other and hug close.

(This article is the first saying of the 316th issue of the "Environmental Economy" magazine)

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