Focus Research Institute ESG cutting-edge information
Monitoring time: February 10, 2023 - February 16, 2023
Date of production: February 16, 2023
Comments of Focus Research Institute:
In terms of macro policies, This year, the No. 1 Document of the Central Committee once again emphasized rural revitalization. The main content of this document can be summarized as keeping the bottom line, promoting revitalization and strengthening security, and emphasizing resolutely tackling unhealthy practices and corruption in the field of rural revitalization. It is not only the "task list" of the year's priorities, but also the "operation manual" to guide the comprehensive promotion of rural revitalization.
In terms of enterprise dynamics, In addition to the project of "expanding to the east" at the beginning of the year, the business layout of Inli Shanghai in Pudong has exceeded 500000 square meters. There are 18 projects in Shanghai, with a management area of 2.4 million square meters, and the business management scale is in the forefront of Shanghai. The transportation advantage carried by the location, future planning, consumption potential of the business district, and the important factors considered when developing commercial projects in Siyinli.
In terms of green finance, The vigorous development of ESG index in the world has three implications for China's market: 1. Continuously improve the ESG information disclosure system to make it the basis of ESG index; 2. The increase in participation of long-term funds such as social security funds will bring new development opportunities for ESG indexation investment; 3. As the market recognition of the concept of sustainable investment is further improved, the supply of ESG indexation products advocating the concept of long-term value investment will be more abundant.
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Macro information
1. Beijing: Ultra low energy consumption buildings will be rewarded at no more than 60 yuan per square meter, with a maximum of 6 million yuan
On February 13, the Beijing Municipal Commission of Housing and Urban Rural Development issued the Detailed Rules for the Management and Implementation of Beijing Green Development Award Fund Demonstration Project, which is intended to give financial incentives to four types of projects, including energy-saving and green transformation of public buildings and ultra-low energy consumption buildings, with a maximum reward of 6 million yuan for a single ultra-low energy consumption building demonstration project.
The Detailed Rules include that for the energy-saving and green transformation project of public buildings, the reward per square meter shall not exceed 20 yuan, and the total amount of municipal reward funds for a single demonstration project shall not exceed 30% of the transformation investment; For ultra low energy consumption buildings, a municipal reward fund of no more than 200 yuan per square meter will be given according to the implemented building area, and the maximum reward for a single demonstration project will not exceed 6 million yuan; For prefabricated buildings above AA level, the municipal reward fund of no more than 120 yuan per square meter will be given, and the maximum reward for a single demonstration project will not exceed 10 million yuan; For projects that have obtained three-star green building signs and have been put into use for more than one year, or projects that have obtained two star green building signs or more, a municipal reward fund of no more than 60 yuan per square meter will be given according to the implemented building area, and the maximum reward for a single demonstration project will not exceed 6 million yuan.
2. National Energy Administration: actively promote green certificate trading and guide green power consumption
On February 13, the National Energy Administration held a regular press conference in Beijing to release the development of renewable energy in 2022, and introduced the progress in improving the renewable energy green power certificate system, the scale of new energy storage installations in China and the trading scale of the national power market.
Wang Dapeng, Deputy Director of the Department of New Energy and Renewable Energy, introduced the progress in improving the renewable energy green power certificate system. General Secretary Xi Jinping clearly proposed in the report of the 20th National Congress of the Communist Party of China that we should advocate green consumption and promote the formation of green low-carbon production and lifestyle. The decision and deployment of the CPC Central Committee and the State Council were implemented. The National Energy Administration actively promoted green power certificate trading and guided green power consumption. In 2022, 20.6 million green certificates will be issued throughout the year, corresponding to 20.6 billion kWh of electricity, an increase of 135% over 2021; The number of transactions reached 9.69 million, corresponding to 9.69 billion kWh of electricity, an increase of 15.8 times over 2021. By the end of 2022, about 59.54 million green certificates had been issued and 10.31 million green certificates had been transacted, which strongly promoted the green low-carbon transformation and high-quality development of the economy and society.
3. The State Council: Clarify the key work of comprehensively promoting rural revitalization
On February 14, the Information Office of the State Council held a press conference, at which the relevant heads of the Central Agriculture Office and the Ministry of Agriculture and Rural Affairs interpreted the No. 1 Document of the Central Committee in detail and introduced the key work of comprehensively promoting rural revitalization this year. The No. 1 Document of the Central Committee in 2023 is the 20th consecutive No. 1 Document issued by the Central Committee to guide the work of "agriculture, rural areas and farmers" since the new century, which once again shows the clear attitude of the Party Central Committee to strengthen the work of "agriculture, rural areas and farmers". The document anchored the goal of accelerating the construction of a strong agricultural country with strong supply guarantee, strong scientific and technological equipment, strong business system, strong industrial resilience and strong competitiveness, focused on the theme of rural revitalization, closely centered on the bottom line that must be kept and the problems that need to be solved urgently to comprehensively promote rural revitalization, and clearly identified key tasks and policy measures.
In the next step, we must take multiple measures and make comprehensive efforts to consolidate the foundation of food security in an all-round way. In terms of objectives, the focus is to stabilize the area, focus on the yield per unit area, and strive to increase production more. We should quickly launch and implement a new round of action to increase grain production capacity by 100 billion kg, pool the necessary resources and means, and strive to promote grain production capacity to a new level at an early date. Consolidating and expanding the achievements of poverty alleviation is the premise of comprehensively promoting rural revitalization. This year, the No.1 Document of the Central Committee continues to emphasize the deployment of consolidating and expanding the achievements of poverty alleviation as one of the bottom line tasks.
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Enterprise Dynamics
1. China Unicom: signed a strategic cooperation agreement with Tianjin to deepen cooperation in new digital information infrastructure
On February 14, the Tianjin Municipal People's Government and China Unicom signed a strategic cooperation agreement on promoting the coordinated development of Beijing, Tianjin and Hebei and the construction of Tianjin's digital economy with digitalization, networking and intelligence.
According to the strategic cooperation agreement, the two sides will jointly build China Unicom Beijing Tianjin Hebei Digital Technology Industrial Park and carry out in-depth cooperation in new digital information infrastructure, digital economy, industrial Internet and other aspects.
In addition, China Unicom and Binhai New Area signed a strategic cooperation agreement to promote the coordinated development of Beijing, Tianjin and Hebei during the "14th Five Year Plan" period and build a "smart coastal city, digital coastal". The two sides will accelerate the development of digital government, smart ports, smart cities, smart healthcare, smart parks, smart manufacturing and information innovation industries, and build a basic platform for city information model (CIM).
2. Yinli Group: cooperates with Pudong Development Group to build two major commercial projects in Shanghai Tangzhen area, with a total volume of nearly 80000 square meters
On February 14, Shanghai Pudong Development and Yinli Group signed a cooperation agreement on two major commercial projects to jointly build the leading area of Shanghai Pudong - Tangzhen plate, and Yinli Group will allocate all-round management services.
The two projects of this cooperation are located in the Tangzhen plate of Pudong. It was also learned that Yinli Group recently added other projects in Pudong, Shanghai. Among them, the project of Indianapolis Shanghai and Gangcheng Group is located in the "101 Block" of Pudong Lingang New Area, close to Dishui Lake, the core area of the main city of Lingang. The total area of the project is about 188000 square meters, which will build a "centralized shopping center" focusing on the trend of "young families", and at the same time, create a business dynamic line from the "site MALL square", Recreation and leisure business will be introduced in combination with the surrounding cultural and tourism agglomeration areas and the tourists from all over the region.
3. Fantastic Home: reached strategic cooperation with Tencent Advertising to jointly explore digital upgrading of household consumption
On February 14, Fantasy Home and Tencent Advertising held a signing ceremony for strategic cooperation. The two sides carried out digital upgrading cooperation on the three business priorities of household consumption, namely, "digital communication, digital operation and digital brand", and worked together to explore the deep integration and disruptive growth of the digital economy and the real economy. Fantasy Home will be deeply bound with Tencent in terms of advertising, customer expansion and flow empowerment, production research interconnection, data capacity co construction, platform construction and development, integration of industry resources, brand promotion, etc., to jointly explore the efficient circulation of the household industry and help household building materials enterprises improve their operating efficiency.
4. OCT: has maintained long-term and stable strategic cooperation with leading real estate enterprises such as Poly
On February 14, Shenzhen Overseas Chinese Town Co., Ltd. announced the record of investor relations activities. OCT said that the company has always maintained a long-term and stable strategic partnership with leading real estate enterprises such as Poly. In the future, while continuously strengthening the cooperation with other state-owned enterprises, the company will also accelerate the pace of professional integration, continue to promote the overall improvement of professional level of each main business, and cultivate the ability of independent operation, market-oriented development, rolling sustainable development and risk prevention.
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Green finance
1. China Securities Index: release the annual report on global ESG index and indexed investment development
Recently, China Securities Index released the annual report on global ESG index and indexed investment development. The report points out that with the concept of sustainable investment becoming a global consensus, ESG index and indexed investment have entered a booming stage. On the one hand, the number of global ESG index releases has grown rapidly, which has become an important trend of index innovation and development. On the other hand, the scale of overseas ESG indexation investment continued to expand, and the capital showed a trend of continuous net inflow.
Overseas ESG indexation investment is characterized by equity assets, high market concentration, and deep participation of long-term funds. In terms of the type of underlying assets, equity ESG products are absolutely dominant, accounting for about 80% of the scale, significantly higher than fixed income products; In terms of market concentration, the first mover advantage of products is obvious. The market share of the top five issuers in Europe and the United States is more than 80%, and the head products are mainly equity ESG wide base products; In terms of long-term capital participation, the ESG indexation investment of the Japanese Government Pension Investment Fund (GPIF) is the largest and most widely used among the major overseas social insurance and pension funds. As the pension with the largest asset management scale in the world, by the end of the first quarter of 2022, the total asset size of the Japanese government pension investment fund was $1.61 trillion.
2. Greentown Real Estate: It is proposed to issue green medium tickets with a ceiling of 2 billion yuan, and the project status is updated to "under feedback"
On February 13, the registration report of Greentown Real Estate Group Co., Ltd. on the issuance of the first phase of green medium-term notes in 2023, and the project status was updated to "under feedback". According to the data in the prospectus, the notes of this period are unsecured, the basic issuance scale is 0 billion yuan, the maximum amount of issuance is 2 billion yuan, and the issuance period is not more than 5 years. The raised funds are intended to be used for green project construction.
3. CNOOC: 1 billion medium-term notes will pay interest, and the debt interest rate of this interest period is 3.22%
On February 14, China Shipping Enterprise Development Group Co., Ltd. announced the interest payment arrangement of the second phase of green medium-term notes in 2022. The bond is referred to as "22 Zhonghai Enterprise MTN002 (green)" for short, with bond code of 102280323.IB, issued amount of 1 billion yuan, term of 5 years, debt interest rate of 3.22% in the current interest period, interest payable amount of 32.2 million yuan in the current period, and interest payment date of February 23, 2023.
