基于选择性研究的ESG评级——以万科集团为例

ESG Ratings Based on Selective Research——Taking Vanke as an Example

随着“3060”目标的提出,中国ESG发展亦进入快车道。ESG评级机构大量涌现,却时常发生同一家上市公司在不同机构的评级结果相差较大的情况。由万科集团在华证ESG评级体系与商道融绿ESG评级体系下的不同评级结果,引发进一步分析两家机构评级体系的结构与特点,发现二者成熟度不同,适用的阶段也不尽相同。结合房地产行业的发展趋势,认为有助于全面认识万科集团的是商道融绿ESG信息评估体系。将机构评级体系的特征与企业发展战略等进行结合评价,不仅有助于企业认识自我可持续发展能力,还有助于投资者甄别选择合适的投资标的,满足自身的ESG投资需求。

With the introduction of the“3060”goal,China’s ESG development has also entered the fast lane.ESG rating agencies have emerged in large numbers,but it often happens that the rating results of the same listed company in different agencies are quite different.The different rating results of Vanke under the China Securities ESG rating system and SynTao Green Finance ESG rating system led to further analysis of the structure and characteristics of the rating systems of the two institutions,and found that they have differ⁃ent maturity levels and different applicable stages.Combined with the development trend of the real estate industry,it is believed that the SynTao Green Financing ESG Information Evaluation System is helpful for a comprehensive understanding of Vanke.Combining the characteristics of the institutional rating system with the corporate development strategy will not only help companies understand their own sustainable develop⁃ment capabilities,but also help investors identify and select suitable investment targets to meet their ESG investment needs.