Director of the Listing Department of the China Securities Regulatory Commission: Listed companies must not engage in simple carbon reduction competitions

Summary

[Director of the Securities Regulatory Commission’s Listing Department: Listed companies must not engage in simple carbon reduction competitions]Li Ming, director of the Securities Regulatory Commission’s Listing Department, said today that carbon emissions are important quantitative information in ESG, but the total amount and intensity of carbon emissions need to be disclosed in a unified manner. Based on consensus accounting standards, accounting methods and statistical calibers. As far as individual listed companies are concerned, they must obey the overall requirements of the management department, and must not engage in simple carbon reduction competitions and sports carbon reductions. Therefore, carbon emission information disclosure needs to be achieved in basic conditions such as accounting standards, and needs to coordinate with other departments’ work arrangements Cooperation must be both positive and steady.

Li Ming, director of the listing department of the China Securities Regulatory Commission, said today that carbon emissions are important quantitative information in ESG, but the total amount and intensity of carbon emissions must be disclosed on the basis of unified and consensus accounting standards, accounting methods, and statistical calibers. As far as individual listed companies are concerned, they must obey the overall requirements of the management department, and must not engage in simple carbon reduction competitions and sports carbon reductions. Therefore, carbon emission information disclosure needs to be achieved in basic conditions such as accounting standards, and needs to coordinate with other departments’ work arrangements Cooperation must be both positive and steady.

(Article source: Financial Associated Press)

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