The "Golden Bull Award for ESG in the Securities Industry" was released to help the sustainable development of China's securities industry

　　China Securities Network News (Reporter Zhou Lulu) On October 25, the 2023 Securities Industry Golden Bull Award Ceremony and Digital Finance Innovation and Development Conference hosted by China Securities Journal was held in Xiangcheng District, Suzhou City, Jiangsu Province, and the two lists of "2023 Golden Bull Award for Securities Companies" and "2023 Golden Bull Award for Securities Company Collective Asset Management Plan" were announced. Among them, in the "Securities Industry ESG Golden Bull Award", China Securities Co., Ltd., Industrial Securities Co., Ltd., Soochow Securities Co., Ltd., Shenwan Hongyuan Securities Co., Ltd., Guojin Securities Co., Ltd., China International Capital Corporation Limited, Haitong Securities Co., Ltd., CITIC Securities Co., Ltd., Orient Securities Co., Ltd., and China Galaxy Securities Co., Ltd. won the award.

　　In recent years, with the deepening of the requirements of finance to help global sustainable development, the ESG rating system, as an important part of achieving the sustainable development goals, is gaining more attention from enterprises and investors. China's securities industry actively explores ESG rating indicators that are in line with the actual situation of China's securities industry to serve the high-quality development of China's securities industry.

　　China Securities Journal and Wu Haifeng's research team from the Sustainable Finance Research Center of the Institute of Data Economy of the University of Chinese of Hong Kong (Shenzhen) jointly launched the "Securities Industry ESG Golden Bull Award" in line with the actual situation of China's securities industry, providing systematic and scientific evaluation indicators for fair and objective evaluation of China's securities companies' practice of sustainable development concepts.

　　The expert steering team members of the ESG Golden Bull Award in the securities industry include: the research team of the Golden Bull Research Institute of China Securities Journal, Zhang Bohui, Executive Dean of the School of Management and Economics of the Chinese University of Hong Kong, Shenzhen, Zhao Junhua of the School of Science and Engineering of the Chinese University of Hong Kong, and Wu Haifeng of the Shenzhen Finance Institute. The research team members include Wang Ziru, Cong Xueqi, Xu Zeyi, and Li Yang.

　　Based on the current international standards and evaluation framework, combined with the current situation of China's capital market, the ESG Golden Bull Award for the Securities Industry innovatively constructs an ESG evaluation system that conforms to the actual situation of China's securities industry and the characteristics of the times. The system adopts a scientific and rigorous methodology and sets up four levels of indicators, including Level 1 indicators (Environmental, Social, and Governance, 3), Level 2 indicators (14), Level 3 indicators (41) and Level 4 indicators (89), and provides a complete and comprehensive score on the ESG performance of all 106 licensed securities companies in China.

　　The data sources include publicly disclosed financial data, sustainable finance data, text data, regulatory data, and ESG public opinion data as of August 1, 2023 (some data provided by Hang Seng Juyuan), and advanced large language model technology is used to classify, filter and analyze various types of data, improving the efficiency and accuracy of text processing. In addition, the Intelligent Carbon Carbon Database of Chinese Listed Companies independently established by the research teams of both parties provides high-precision, multi-industry, and full-coverage enterprise-level sustainable finance disclosure data for the ESG Golden Bull Award in the securities industry, which greatly helps to avoid convergence and duplication of information sources, and provides a guarantee for building a scientific and rigorous scoring system. The data scope covers 156 important financial newspapers, financial media and mainstream multimedia platforms.

　　In terms of ESG, green finance and green operation are important secondary indicators in the E (environment) dimension, which will help the securities industry pay attention to the carbon emission footprint of enterprises in multiple dimensions. The third-level indicators in the S (social) index cover the data of securities companies in many business fields such as the New Third Board, equity financing, and bond financing, and quantify the achievements of securities companies in serving social responsibilities such as "rural revitalization", "small and micro science and technology innovation", and "specialization, refinement, and innovation". The fourth-level indicators in the G (governance) index cover the data of the party building work of securities companies, the decision-making system of "three major and one large", financial technology investment and reputation risk management, etc., which enriches the evaluation dimension of the sustainable governance performance of securities companies and reflects the measurement method in line with the actual situation of China's securities industry.

　　In terms of scoring mode, in order to avoid the subsequent addition of indicators affecting the stability of the ESG rating system of the entire securities industry, the team has prioritized the allocation of secondary indicators, and assigned reasonable weights from the perspectives of public opinion, policy guidance, companies and stakeholders, so as to provide more objective ESG rating results. This time, public opinion is included as a new dimension in ESG evaluation, including party building, financial technology, cultural construction and other fields, fully considering the medium and long-term social impact of specific events on the company. In addition, the ESG Golden Bull Award for the securities industry also involves indicators such as rural revitalization and serving the real economy in the social dimension, reflecting the policy requirements of the national financial industry to "move from virtual to real".

　　Finally, the research team hopes to help the sustainable finance transformation of China's securities industry through the release of the ESG Golden Bull Award in the securities industry, and actively respond to the new round of rule changes in the international financial market. Guide brokerages and their customers to take on more social responsibility in practicing sustainable development. At the same time, it provides a useful reference for regulators to build a sustainable finance governance rating system with Chinese characteristics.