The 9th issue of ESG Enterprise Dynamic Biweekly Report: the first "insurance+transformation financial loan" in China was landed at Microsoft and signed a carbon emission reduction agreement
Preface
On December 21, 2023, the plenary meeting of the Specialized Committee for International Cooperation of the China Securities Association stressed that under the deployment of the CPC Central Committee to expand high-level opening up, how to help Chinese outstanding enterprises go out and attract international long-term funds to invest in China is the subject and focus of work that securities companies need to discuss in cross-border development. Securities companies should attach importance to promoting the construction of international communication capacity, Tell a good story about China, spread a good voice of China, and enhance the confidence of international investors in China.
ESG is a universal standard for global enterprises, which has important consistency with high-quality development in terms of core. ESG is an important driving force for China's outstanding enterprises to enhance their competitiveness and sustainable development. It is consistent with their development goals and is of great significance for them to attract international long-term funds. From the perspective of ESG, this series focuses on the development strategies and management systems of Chinese and foreign enterprises, and dynamically introduces the realization of sustainable development and long-term value creation of enterprises.
Research conclusion
ESG trends of domestic enterprises: (1) Longji Lvneng announced that the photoelectric conversion efficiency of its self-developed back contact crystalline silicon heterojunction solar cell (HBC) reached 27.3%, which was certified by professional institutions to set a new world record for the conversion efficiency of single crystalline silicon photovoltaic cells, fully demonstrating the scientific and technological strength of China's photovoltaic enterprises in manufacturing silicon solar cells, It also points out the direction of the continuous development of photovoltaic technology to improve efficiency and reduce the cost of electricity per kilowatt hour. (2) World Earth Day Ctrip helped the hotel industry to practice sustainable travel together with several low-carbon hotels. The hotels provided various carbon reduction measures from construction to operation, jointly driving 4.3 million passengers to stay in low-carbon hotels, and reducing 17200 tons of carbon emissions in total.
ESG trends of overseas enterprises: (1) Microsoft signed a carbon emission reduction agreement with Stockholm Exergi, a Swedish energy company, to implement the bioenergy carbon capture and storage (BECCS) project through Stockholm Exergi's biomass power plant, so as to permanently eliminate up to 3.33 million tons of carbon dioxide emissions and help Microsoft achieve its carbon emission reduction goals.
(2) Energy Exemplar, the world's leading energy market simulation software provider, announced that it had been acquired by private equity funds under Blackstone and Vista Equity Partners. Energy Exemplar will obtain new resources through cooperation, accelerate investment in the leading SaaS platform, and promote grid reliability and energy transformation.
Domestic green finance trends: (1) On April 29, China Pacific Insurance and Shanghai Rural Commercial Bank launched the first "insurance+transformation financial loan" in China. Supported high-tech enterprises received 41 million yuan of transformation financial loans. The dual mechanism of loan incentives and insurance guarantees provided a "reassurance" for enterprises to carry out transformation activities more actively. (2) Guangzhou released the country's first "climate financing" loan product, helping to solve the problem of financing difficulty and high cost for small and medium-sized climate friendly enterprises in Nansha and even the Guangdong Hong Kong Macao Greater Bay Area. The beneficiary enterprises said that the loan products alleviated the financing pressure of enterprises and brought tangible working capital support for enterprises.
ESG excellent practice case: Marubeni Co., Ltd. is a representative Japanese comprehensive firm with a long history, which conducts diversified business worldwide. Marubeni takes "positive, new and harmonious" as the company's business philosophy, hoping to break down barriers at home and abroad and among industries to propose social issues that challenge the times, so as to provide customers with Marubeni's unique solutions. At the same time, as a platform, Marubeni integrates the wisdom of various departments and individual employees, and increases the value of the enterprise. Marubeni proposed to become a "green business pioneer" in the enterprise's medium-term management strategy in 2024, to carry out sustainable development management and related businesses guided by the identification of "materiality", and to identify "environmental social materiality" issues based on the identification of "basic materiality" issues. Marubeni uses its own business level and expertise to implement sustainable management initiatives, including decarbonization, circular economy, sustainable supply chain, etc., to provide solutions to the society, promote social sustainable development and protect the earth's resources while providing a stable foundation for its own business operations.
Risk warning
1、 ESG policy promotion at home and abroad is not as expected
2、 Macroeconomic downturn exceeded expectations
3、 Enterprise ESG strategy promotion is not as expected
