我国ESG报告顶层制度设计初探

Preliminary Study on Top-Level System Design of ESG Report in China

在绿色、开放与共享等新发展理念指引下,本文围绕ESG报告的内在要求,结合国内外实践经验,探讨了ESG报告的顶层制度设计理念。在监管架构上,建议在国家层面成立可持续发展报告工作小组,促进监管机构与行业协会、中介机构等市场主体合作实现多元监管;在监管思路上,参考国际组织实践经验,统一ESG信息披露标准,利用分行业监管模式提升监管效率,同时采用“不遵守则解释”原则、弹性披露频率等方式对强制性程度加以管理,通过先试点后推广的总体思路实现ESG报告的落地;在报告设计上,宜从企业长期价值创造和全球性可持续发展的角度出发,细化ESG报告的量化指标,推动国家战略目标在企业层面落实。

Guided by the newly developed proposal of green,open,and sharing,this paper makes a preliminary discussion on the top-level system design of ESG reporting and puts forward policy suggestions based on the innate nature and ongoing practice of ESG reporting at home and abroad.Regarding the regulatory scaffolding,a working group on sustainable development reporting should be established at the national level,and regulators should cooperate with market participants such as industry associations and financial intermediaries to carry out diverse supervision.In terms of regulatory ideology,with reference to the practical experiences of international organizations,regulators could standardize ESG information disclosure and follow industry-specific approaches to improve regulatory effciency.Moreover,the“comply or explain”principle and flexible disclosure frequency method should be enforced to regulate the degree of compulsion,and the implementation of the ESG report can be realized through the general idea of the pilot before promotion.In the specific report design,it shall refine the quantifiable indicators in ESG reports from the perspective of long-term firm value creation and global sustainable development,to meet the national strategic goals at the firm level.