T/CGDF 00011-2021 Active Group standards

T/CGDF 00011-2021 ESG Evaluation Standards

T/CGDF 00011-2021

Publish Date: 2021-09-29 Implement Date: 2021-10-12 For services related to genuine standard inquiry, procurement, translation, and other related services in China, please Contact Us

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Basic Information

Standard Code: T/CGDF 00011-2021

Standard Type: Group standards

Standard Status: Active

is_force_gb: no

CCS Name: Standardized management and general provisions

ICS Name: The comprehensive organization and management of the company (enterprise)

Publish Date: 2021-09-29

Implement Date: 2021-10-12

Scope

Main technical content: For enterprises, an excellent ESG rating represents the market's recognition of their efforts and performance in social responsibility, effectively helping them establish a good brand image. Many European and American investment institutions have already incorporated ESG ratings into their investment decision-making processes, so a good ESG rating can further help enterprises attract investment and even raise funds at lower costs. With the rapid increase in China's emphasis on ESG, there is an urgent need to establish an ESG evaluation system with Chinese characteristics to comprehensively evaluate the ESG levels of Chinese enterprises and institutions. As foreign rating agencies continue to expand the scope of their ratings for listed companies, the applicability of foreign rating methods in China is becoming increasingly prominent. Foreign ESG rating results may not fully apply to Chinese enterprises, especially the true social value of state-owned enterprises, such as related-party transactions and new rural construction. Therefore, establishing ESG evaluation standards can, on the one hand, promote enterprises and institutions to actively fulfill their responsibilities in environmental, social, and governance aspects, and on the other hand, provide a benchmark reference for domestic and foreign investors to carry out ESG investments.