Important ESG events this week include: China Photovoltaic Corporation and Oman Investment Corporation jointly built a 10-gigawatt solar module factory in Oman; Alibaba released the 2024 ESG Report.

The Financial Services Association continues to follow ESG and related company trends, technology research and development, investment and financing, etc. If you have carbon neutral related cases, you can contact us at the following email address: chinastarmarket@cls.cn.

[Focus on hot topics]

Dong Yuhui “broke up” with Oriental Choice! 76.5855 million bought “Walk with Hui”, and the profit after launch exceeded 0.14 billion yuan

Vipshop Releases 2023 ESG Report: Adhere to the Brand Sale Strategy and Co-create a Sustainable New Life

The IEA, the “pioneer” of decarbonization, also admits that demand for coal will remain at a historically high level in the next two years

“This is really difficult for me to talk about”! AstraZeneca is now “employees are throwing medicine” rumors spread on the internet that the people involved couldn't get on the phone, and all the insiders were silent

As soon as the stock price opened, it fell to a halt. The actual controller of Ruian Gene's suspected illegal operation caused a shock wave | Investigation

[International Overview]

China Photovoltaic Corporation and Oman Investment Corporation jointly build a 10-gigawatt solar module factory in Oman

China's solar photovoltaic company Anhui Qineng Optoelectronics Co., Ltd. and Bakarat Investment Company, a well-known Omani renewable energy company, recently signed an agreement to jointly build a 10-gigawatt solar module factory in Oman. The plant will have 8 gigawatts of photovoltaic module manufacturing capacity and 2 gigawatts of photovoltaic cell production capacity. Ahmed Bin Saudi Al-Salmi, CEO of Bakarat Investments, said: “This project demonstrates our commitment to introducing cutting-edge technology, supporting 'Vision 2040' through concrete actions, and boosting economic growth through job creation and technological advancements.”

UAE Climate Fund Indirectly Supports North American Gas Pipeline

The UAE's ALTÉRRA Climate Fund recently promised to use 0.3 billion US dollars of initial capital to support a major fossil gas pipeline in North America. The fund is one of the world's largest private investment vehicles focused on climate solutions. The UAE promised to invest 30 billion US dollars in it at COP28, of which about 20% is invested in funds managed by large asset management institutions such as BlackRock.

Saudi Arabia and Germany's Lilium sign agreement to jointly promote the integration of eVTOL with existing aviation systems

The Saudi General Authority of Civil Aviation (GACA) and German electric vertical take-off and landing (eVTOL) aircraft manufacturer Lilium signed a cooperation agreement at the Farnborough International Air Show, marking an important step for Saudi Arabia in advancing the Advanced Air Mobility (AAM) roadmap. Last week, Lilium confirmed that it would launch its operations in Saudi Arabia and signed a landmark agreement with Saudi Airlines (Saudia), the first Saudi national airline, to supply the latter with up to 100 eVTOL aircraft.

CNPC has joined the oil and gas decarbonization charter to participate in emission reduction, accounting for 40% of the output

CNPC officially became the latest signatory to the Oil & Gas Decarbonisation Charter (OGDC) yesterday, working with more than 50 oil and gas producers around the world to reduce emissions. With the addition of CNPC, the signatories to the Charter account for more than 42% of global oil production. The Oil and Gas Decarbonization Charter was launched at the COP28 United Nations Climate Conference in Dubai to accelerate the decarbonization of the oil and gas industry, in line with the goals of the Paris Agreement.

[Domestic News]

Five departments: Actively support electrolytic aluminum companies to expand the application of non-fossil energy such as wind power, photovoltaics, hydropower, and biomass energy. In principle, no new coal-fired units will be added

Five departments including the National Development and Reform Commission jointly issued the “Special Action Plan for Energy Conservation and Carbon Reduction in the Electrolytic Aluminum Industry”. Among them, it was mentioned that electrolytic aluminum companies are actively supported to expand the application of non-fossil energy such as wind power, photovoltaics, hydropower, and biomass energy. In principle, no new self-owned coal-fired units will be added, and existing coal-fired units will be supported to implement clean energy alternatives. Encourage electrolytic aluminum companies to participate in the construction of microgrids that mainly consume renewable energy, explore the application of aluminum electrolytic virtual energy storage and flexible control technology, and improve project electricity load adjustment and matching capabilities. Support electrolytic aluminum companies to actively increase renewable energy consumption through green certification green power transactions and construction of renewable energy power generation projects. Promote electrolytic aluminum enterprises to combine actual promotion and application of clean and low-carbon transportation methods such as closed belt corridors, new energy vehicles and ships, railways, and waterways. By 2025, the proportion of clean transportation will reach about 70%, and the proportion of key areas for air pollution prevention and control will reach about 80%.

Ministry of Ecology and Environment released the “National Carbon Market Development Report (2024)”

The Ministry of Ecology and Environment officially released the “National Carbon Market Development Report (2024)” on July 21. The report points out that in the next step, the Chinese government will continue to improve the relevant policy support system for the national carbon emissions trading market, comprehensively consider factors such as the industry's carbon emission level, data quality foundation, pollution reduction and carbon reduction collaboration, and high-quality industry development, and promote the carbon emissions trading market to cover more key industries in stages and steps; gradually implement a combination of free and paid carbon quota distribution methods to increase the proportion of paid allocations, so that carbon prices reflect the carbon emission reduction costs of enterprises more realistically; continuously enrich trading varieties, trading entities, and trading methods to further enhance market activity and improve the price discovery function. At the same time, we are actively developing a national greenhouse gas voluntary emission reduction trading market with high-quality carbon credits, establishing a scientific, reasonable, open and transparent system with broad participation, focusing on supporting the development of ecosystem carbon sinks, renewable energy, methane emission control, energy saving and efficiency, promoting the application of low-carbon zero-carbon negative technology, exploring the use of informatization to strengthen data quality management, and promote the wide application of certified voluntary emission reduction. China will also further deepen international exchanges and cooperation, actively participate in the bilateral and multilateral process of global climate governance, and push for new progress in global carbon market mechanism negotiations.

Shanghai: Research promotes the development of weather derivatives such as weather index futures

According to the Shanghai Meteorological Administration, the “Shanghai Work Plan on Exploring “Meteorology x Finance” to Collaborate and Serve High Quality Economic and Social Development (2024-2026)” was issued recently. The above plan lays out 11 tasks in four areas: deepening meteorological services for the insurance industry, developing meteorological services for the banking industry, promoting financial applications of weather derivatives, and “meteorological data x finance” scientific and technological innovation. In terms of deepening meteorological services in the insurance industry, it will jointly develop meteorological insurance services for the Yangtze River Delta urban agglomeration, develop areas of cooperation in meteorological insurance derivative services, explore “Belt and Road” meteorological catastrophe insurance services, and explore the development of major disastrous weather risk transfer financial products. Shanghai will research and promote the development of weather derivatives such as weather index futures, develop the design of weather index derivatives such as temperature, rainfall, wind power, and sunshine, strengthen meteorological information services, help enterprises strengthen ESG capacity building, and enhance profit and harm avoidance benefits. At the same time, we support the connection of meteorological data with the Shanghai Green Finance Service Platform, promote a national pilot demonstration of “meteorological data x finance”, and play the role of meteorological data elements.

[Industry Trends]

Amazon opens resources to drive supply chain decarbonization

Amazon has launched a new Amazon sustainability communication platform, which discloses its own guidelines, operating manuals, scientific models, and other resources to help other companies make meaningful progress in achieving net zero emissions. Amazon's sustainability communication platform will focus on the following key areas: construction, carbon neutrality, zero-carbon energy, transportation, waste and recycling, and water resources management.

Geely announces power battery recycling rate

Recently, Geely Automobile said it is speeding up the recycling and remanufacturing capacity of new energy vehicles, and also announced the power battery recovery rate, which has achieved a recovery rate of over 99% of nickel-cobalt-manganese materials in power batteries.

Alibaba Releases 2024 ESG Report

Alibaba Group's “2024 Environmental, Social and Governance Report” revealed that in the past year, Alibaba Group continued to achieve a “double reduction” in net carbon emissions and value chain carbon intensity from its own operations; served the fields of barrier-free, medical, medical, medical, medical AI pancreatic cancer early screening, Gaode wheelchair navigation continued to expand, and village commissioners went deep into more counties to help rural construction. According to reports, in this fiscal year, Alibaba achieved a 33.338 million ton reduction in platform ecosystem (scope 3+) emissions, an increase of 45.5% over the previous year.

Zong Fuli decided to continue to carry out the relevant management responsibilities of the Wahaha Group

On the evening of July 22, Wahaha issued a statement saying that in order to ensure the stable and healthy development of the company, after friendly negotiations among shareholders, Ms. Zong Fuli decided to continue to carry out the relevant management duties of the Wahaha Group. Wahaha also expressed thanks for the recent attention from all sectors of society and media, and apologized for the use of media resources.

MayAir Technology: Core technician Yang Chongkai leaves his job

MayAir Technology announced that in June 2024, the board of directors of the company received a resignation report from Yang Chongkai, the deputy general manager and core technician. Yang Chongkai applied to resign from his position due to personal reasons and will no longer hold any position in the company after his resignation. Recently, Yang Chongkai has completed the handover of related R&D projects in which he participated, and the company will no longer recognize him as a core technician.

Fudan Microelectronics: Non-executive directors Zhang Qianling and Sun Zheng resign

Fudan Microelectronics announced that the company received resignation reports from non-executive directors Ms. Zhang Qianling and Mr. Sun Zheng. Ms. Zhang Qianling resigned as a non-executive director of the 9th board of directors of the company due to age reasons and due to personal work adjustments.

[Technology and Investment and Financing]

Haiwang Capital and Shanghai Aviation Industry Fund invest in Xingyao Skyrim

Recently, business change information shows that Xingyao Skyrim received Series A financing. The investors in this round were Haiwang Capital and the Shanghai Aviation Industry Fund. Xingyao Tianji is a research and development manufacturer of tungsten-molybdenum high-performance materials and products. Its main products are tungsten wire for cutting photovoltaics and semiconductor silicon wafers, and refractory metal structural parts such as tungsten and molybdenum, which are widely used in military, semiconductor, and advanced industries.

Weidu Technology completes $0.2 billion pre-IPO round of financing

Recently, Weidu Technology, a manufacturer of new energy autonomous driving heavy trucks, completed a pre-IPO round of 0.2 billion US dollars. The investors in this round are Belgian federal holding and investment companies. Established in 2022, Weidu Technology is the first domestic enterprise to provide pure R&D integrated solutions for new energy intelligent driving heavy trucks for China, the United States, Europe, Australia, New Zealand, etc. It mainly promotes charging mode. Its pure electric heavy truck products support megawatt-class double gun fast charging, and can use fast charging stations above 800V. Prior to that, Weidu Technology had completed multiple rounds of financing, including angel rounds, strategic financing, A rounds, B rounds, etc.

Fu Xinli completed angel round financing of tens of millions of yuan

Recently, Fuxinli New Material Technology Co., Ltd., a new material research and development manufacturer, completed an angel round of financing of tens of millions of yuan. Participating institutions include Xingnach Capital, Huishi Zibo, Ruiyi Capital, Xingang High Investment, Ralph Venture Capital, and Ola Weber Investment. Focusing on the field of nuclear fusion engineering, Fu Xinli has successfully developed core components for the International Thermonuclear Fusion Device (ITER) and the Chinese Academy of Sciences Nuclear Fusion Device, and has achieved large-scale applications.