本期报告我们通过对A股20家涉及垃圾焚烧业务的上市公司的年报和企业社会责任报告环境信息披露部分进行分析，发现旺能环境（002034）、启迪环境（000826）、上海环境（601200）等10家上市公司环境信息披露存在显著缺陷。其中4家在2019年年报中明确声明“不存在重大处罚及整改情况”或“不适用”，涉嫌虚假陈述；6家未在2019年年报中就自身或分子控等关联公司的环境违规问题作出任何披露。

In this report, IPE and Lvse Jiangnan reviewed the annual reports and the CSR reports of 35 iron and steel companies listed in the A share stock market. 20 companies including HESTEEL, Shougang Shares, Baosteel, Inner Mongolia Baotou Steel Union and Chongqing Iron & Steel revealed significant drawbacks. Among these, 9 companies were suspected of making false statements, 8 failed to disclose whether there is violation, while 3 others did not disclose all data required for key-polluting entities.

2020 is the final year of the environmental information disclosure roadmap for Chinese Listed companies. The Institute of Public and Environmental Affairs (IPE) and Lvse Jiangnan (PECC) are reviewing the 2019 Annual Report, corporate social responsibility reports and environmental responsibility reports of companies listed in Shanghai and Shenzhen based on the official corporate environmental data collected in Blue Map Database, and will publish research reports on a periodic basis. In July, we have reviewed the 2019 Annual Report of SHENGYUNTUI (300090.SZ) esp. the disclosure of environmental data and administrative penalty, and we have found alleged dishonest disclosure.

2020 is the final year of the environmental information disclosure roadmap for Chinese Listed companies. The Institute of Public and Environmental Affairs (IPE) and Lvse Jiangnan (PECC) are reviewing the 2019 Annual Report, corporate social responsibility reports and environmental responsibility reports of companies listed in Shanghai and Shenzhen based on the official corporate environmental data collected in Blue Map Database, and will publish research reports on a periodic basis. In July, we have reviewed the 2019 Annual Report of Henan Xinye Textile Co.,Ltd. (Stock Code: 002087) esp. the disclosure of environmental data and administrative penalty, and we have found alleged dishonest disclosure.

With China's water resources shortages, water pollution and ecological deterioration growing more and more prominent, these problems have become a bottleneck restricting economic and social development. In order to assist listed companies, investors and regulators in identifying water-related risks, IPE developed the Corporate Water Risk Assessment Tool (CWRAT) and analyzed its implementation.

The construction of a green credit system is necessary for banks to effectively prevent environmental responsibility-related credit risks. However, establishing the green credit system in collaboration with the banking industry has traditionally faced major challenges due to limitations in the previous approaches to sharing information. Based on the Blue Map database, IPE has developed an enterprise environmental performance inquiry platform for the banking industry and is actively cooperating with financial institutions to implement it.

In the beginning of 2015, the Securities Times CSR Research Center and IPE launched the publicly-listed A-share company online pollutant data index project, tracking information for 1365 key monitored enterprises of 519 publicly-listed companies. In 2015, the "Environmental Index" was published 49 times. A total of 141 publicly-listed companies and their affiliates were placed on the index, of which 28 enterprises responded to being indexed. Most of the companies that responded have already achieved emissions compliance.