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ESG refers to the abbreviation of Environmental，Social and Governance. With more attention paid to ESG nationwide，ESG information disclosure and corporate governance have been gradually considered by Chinese regulatory authorities，investors and management of listed companies. In the face of the stable and continuous growth of ESG investment in terms of both scale and speed in recent years，the idea of green finance has become more popular among the mass and ESG investment has gradually become one of the mainstream sustainable investment concepts under the deployment of major strategy of “realizing peak carbon dioxide emissions prior to 2030 and carbon neutralization prior to 2060”. On the basis of the above，ESG evaluation on China’s listed companies was carried out in this paper and the Research Report on ESG of Chinese Listed Companies（2021） was prepared.

Based on the previous studies，BeijingRongzhi Corporate Social Responsibility Institute（hereinafter referred to as “the Institute” or “we”）screened a total of 327 sample enterprises of 15 industries from A share constituent stocks of SZSE 100 Index，SSE 50 Index，CSI 300 Index and MSCI China A Inclusion Index according to the classified criteria of China Securities Regulatory Commission（CSRC）in order to reflect the overall ESG development level of China’s capital market. The study report consists of 7 parts，which are general report，technical report，evaluation report，industry reports，index report，ESG report evaluation and appendices.

To be specific，the general report generalizes the main research achievements of the whole book，extracts the eight discoveries of ESG research of China’s representative listed companies in 2021，and analyzes the eight most critical future trends for companies and investors in depth.

Technical report，which describes three aspects including research objects，index system and evaluation research implementation，expounds ESG evaluation method of Chinese listed companies systematically，focuses on the construction of ESG evaluation model for listed companies driven by “demand for high-quality development”，“capital market requirements” and “listed companies’ development needs”，as well as three-level index system containing a total of 58 indicators.

Evaluation report includes two parts，i.e.，descriptions of research sample and results of research and evaluation. In particular，the former includes the descriptions of sample selection and characteristics while the latter analyzes the overall ESG grading of sample enterprises and different industries in detail. It was found by analyzing a total of China’s 327 listed companies that ESG score of China’s listed companies is quite low generally，of which the level of environmental information disclosure is relatively low，while social practice level is generally high.

In the industry reports，6 industries（including real estate industry；manufacturing industry；finance industry；information transmission，software and information technology service industry；transportation，warehousing and post industry；production and supply industry for electricity，heat，gas and water）were chosen from 15 based on such factors as the quantity and representativeness of industry samples and ESG practice level of listed companies were analyzed in detail. Conclusions and findings of the study were displayed in this paper，where favorable practices of samples were displayed according to different indicators.

The index report is aimed to compare ESG practice level of listed companies with different stock price index. 327 listed enterprises were selected from the top 200 ones of SZSE 100 Index，SSE 50 Index，CSI 300 Index and MSCI China A Inclusion Index through removing duplicates for the purpose of ESG evaluation and comparative analysis.

The ESG report evaluation chapter is aimed to comprehensively evaluate 2020 CSR Report of AECC Aviation Power Co.，Ltd.，Huatai Securities，and Shanghai RAAS Blood Products Co.，Ltd..

The comprehensive rating of ESG evaluation of China’s listed companies in 2020 as well as evaluation results of environment，society and governance dimension was displayed centrally in appendices.