Qingyue released ESG carbon reduction index, involving 472 listed companies, the cement industry needs to focus on

2022-05-01 0 By

Original Qingyue data ESG actor one.In order to better cope with climate change and respond to the national “dual carbon” strategy, listed companies should also accelerate the pace of carbon reduction.However, at present, China lacks laws and regulations on mandatory disclosure of carbon emissions, and few enterprises disclose true certified data related to carbon emissions. Therefore, it is not easy to quantify the performance of carbon reduction of enterprises.It should also be noted that about 77% of China’s carbon emissions come from energy consumption.Therefore, at the current stage, it is an effective alternative to use the more authoritative assessment results of double-control energy consumption of key energy-using units published by local governments.At the end of 2021, Qingyue started the calculation of ESG carbon reduction index on the basis of the research on information disclosure of energy consumption dual-control assessment results.See also: As reliable carbon emissions data become available, we will update the composition of the index in due course to add more authoritative data.Index Model Issue No. : E2 Issue Name: Carbon Reduction Index Issue Weight: 10% Sub-issue No. : E2.1 Sub-issue Name: Energy Conservation Sub-issue weight: 20% Indicator No. : E2.1.1 Indicator Name: Assessment result of dual control of energy Consumption Indicator Weight:40% evaluation criteria (considering that the assessment results are not all public and the matching between parent and subsidiary companies may not be comprehensive, the following algorithm is adopted) : Calculation of listed companies: basic points per year: 0.6 points.For parent company itself and subsidiaries: an “overfulfill” +0.2 points is added up to 1 point in the year.There will be a “nearly complete” score of -0.1, and an “incomplete” score of -0.2, reduced to 0.”Complete” appears without addition or subtraction.Year proportion: Y- 1:50%, Y- 2:30%, Y- 3:20%. Calculation: Total score = (N year result XN year proportion) three.Index Results and Analysis The calculation of this result is affected by the following restrictive factors: the assessment results of dual control of energy consumption of key energy using units in China the information disclosure degree of local governments is poor, with an average annual number of less than 3000, and the number of re-matched listed companies is even less.According to the feedback of local governments, there are still some problems in the current assessment of double control of energy consumption, and some assessment results are questioned by enterprises.The number of listed companies involved in the index with dual-control assessment results of energy consumption: 472 (including A shares and H shares).According to the calculation model, if the score is lower than 0.6, it means that at least one subsidiary has achieved “incomplete” or “basically completed” energy consumption dual-control assessment in a certain year in the recent three years.The number of listed companies is 206, accounting for nearly 44%.Industry analysis top 20: Bottom 20: you can check the specific score reasons of each company at http://esg.epmap.org, for example, xinxing cast pipe score is higher because it and its subsidiaries have more overfulfilled and completed, there is no unfinished.The score of Tianshan is 0 because many of its subsidiaries are “basically completed” : China National Building Materials has a controlling relationship with Tianshan, and the score is relatively low according to the actual control right.China Cinda, as an investment company of central enterprises, scored lower in the actual control of central enterprises.As the cement industry, jidong cement and jinyu group scored higher, and the China building materials and tianshan shares lower scores, shows that even the same highly polluting industries, enterprises can also have different ESG energy saving and carbon reduction performance, after taking into account carbon trading in cement industry, different opportunities of ESG risk including as financial gain or loss from carbon trading,After more strict supervision and law enforcement of energy conservation, administrative penalties such as fines and suspension of production due to violations of the Energy Conservation Law and the Measures for The Management of Energy Conservation in Key Energy-using Units, as well as subsequent joint punishments for environmental protection and credit, etc.Iv. Follow-up Actions Qingyue has sent a suggestion letter to local energy conservation authorities to improve information disclosure, and has received replies from many provinces. It will continue to follow up data collection and update the index.Specific can see http://www.epmap.org/energyconsumptioncontrol qing yue has sent the first 11 index lower listed companies improve position, and have received a public company phone feedback will be improved.We will analyze and promote key industries such as cement and steel according to industry distribution.Thanks to the funding provided by “Blue Man” project of Beijing Entrepreneur Environmental Protection Foundation and “Blue Sky power” project of Asia Clean Air Center. Shanghai Qingyue Environmental Protection takes full responsibility for the content of this article, and has nothing to do with the policy and position of the funder.About Qingyue: Shanghai Minhang District Qingyue Environmental Protection Information Technology Service Center, registered as a private non-enterprise unit in Shanghai Minhang District Civil Affairs Bureau in January 2015, is committed to using information technology to promote the green, sustainable and high-quality development of China’s economy and society.UN Principles of Responsible Investment UNPRI Network Supporter.Powered by www.epmap.org Original title: Qingyue releases ESG Carbon Reduction Index, involving 472 listed companies, cement industry needs key attention