Bureau Veritas Attends China's International Summit on Sustainable Development to Promote the High Quality Development of ESG and the Double Carbon Strategy

On November 17-18, 2022, the "2022 Second China ESG and Sustainable Development International Summit" was successfully held in Shanghai. Focusing on hot topics such as greenhouse gas emission management and ESG management in the consumer goods industry, the Summit discussed with experts in the field of sustainability the practice cases of ESG management and enterprise sustainable development from policy planning, standards, the latest development situation, enterprise practice, supply chain construction, energy transformation, sustainable technology solutions and how digitalization can help ESG sustainable development. As an advocate of the green and low-carbon industry, Bureau Veritas was invited to participate in the conference. Ms. Huang Min, the product manager of sustainable development in China, shared a speech entitled "The relationship between ESG and carbon disclosure" for the guests online.

China's "Fourteenth Five Year Plan" proposed that the economic and social development should implement the new development concept, promote the overall green and low-carbon transformation of the economy and society with the theme of promoting high-quality development, which provides a valuable historical opportunity for the implementation of the ESG concept in China. At the same time, China recently released the first ESG group standard, Enterprise ESG Disclosure Guide, which not only fills the gap in the field of enterprise ESG disclosure standards in China, but also lays a foundation for the development of China's ESG. However, ESG is still in its early stage of development in China, and both standard formulation and rating system are mainly based on international standards. The development of ESG in China should not only consider the reference, guidance and connection of international practice, but also conform to China's culture, development stage, development characteristics and the dynamic situation at home and abroad. Combining the current domestic development situation and the "3060 double carbon target", the development of E (environment) in ESG, especially in the industrial field, needs more attention and attention.

As a third-party audit and evaluation institution officially recognized by the Climate Bond Organization, as well as a standard compliant audit institution approved by the United Nations for the Clean Development Mechanism (CDM) and the European Carbon Emission Trading Mechanism (ETS), Bureau Veritas is committed to providing customers with professional ESG solutions, promoting enterprises to establish more efficient risk control and management, helping enterprises improve their brand image and value, and ultimately achieving sustainable development goals.