At this year's National People's Congress and the National People's Congress, Li Huiqiong, a representative of the National People's Congress and an advisor of KPMG China, brought the "Suggestions on Leveraging the Advantages of Talent Gathering to Build a Highland of ESG Service Industry". In her view, China's ESG demand is still in its infancy, and it will take time for the domestic carbon market, ESG standards, architecture, etc. to be mutually recognized with the international community.
As of the end of June 2023, a total of 1,738 A-share listed companies have independently disclosed ESG social responsibility reports, twice the number disclosed in 2017.
However, at present, China's ESG demand is still in its infancy, and it will take time for the domestic carbon market, ESG standards, architecture, etc. to be mutually recognized with the international community, and the ESG service format is in the early stage of gradual deepening and diversification, and the level of internationalization needs to be improved. Li Huiqiong believes that "in China's ESG service industry, there is a serious shortage of experienced and widely covered leaders, cross-ESG professional and practical talents are very scarce, and universities and other educational institutions have not yet carried out relevant professional education." ”
To this end, she suggested, first of all, to establish an international exchange platform and actively participate in the formulation of international norms. Relying on the existing ESG research institutes, green exchanges and other platforms, we can take the lead in researching and planning the ESG institutional system, and at the same time actively participate in the international exchange of ESG, actively participate in the formulation of international standards and rules, and promote the formation of an ESG institutional system with both international and Chinese characteristics.
Second, take information disclosure as a breakthrough point to promote the standardization of information disclosure. It is recommended that the financial regulatory authorities work with several major national exchanges, refer to the disclosure standards of the International Sustainability Standards Board (ISSB), and combine China's practices to issue ESG information disclosure and rating guidelines, promote the use of third-party assurance in ESG reports, and publish ESG rating results.
Third, take the lead in formulating ESG service industry specifications and build ESG service industry brands. Combined with the demand for ESG services, formulate ESG service industry specifications, and establish a high-quality service resource pipeline for the entire ESG ecological chain.
Fourth, build an "industry-university-research" model and strengthen talent cultivation. For example, Beijing, Shanghai, Shenzhen and other cities can consider taking the lead in setting up ESG professional training systems in colleges and universities to fill the gaps in professional training in this field. ESG research institutes, universities and service organizations can jointly provide professional training to supplement and strengthen the market demand for talents. Relevant service enterprises, universities and research institutes can sign strategic cooperation to build a new model of "industry-university-research".
Finally, Li Huiqiong suggested that a talent reserve mechanism for ESG professional services should be formulated. Establish an ESG-specific talent recruitment policy to attract and retain professional talents, fill the gap of ESG service talents, and build a highland for ESG talents.
Author: Tang Weijie.
Text: Tang Weijie Picture: Data**Editor: Shang Hui Responsible Editor: Rong Bing.
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