×
At 9 a.m. local time on November 14 in France, the first ESG-themed environmental risk assessment (ERA) data products independently developed by China Energy Conservation and Environmental Protection Group (CECEP) was launched globally. It was also the first global release of China A-share ERA data, providing a new analytical perspective for global institutional investors to invest in companies listed on China’s A-share market.
On the same day, China Energy Conservation and Environmental Protection Environmental Consulting Group Co., Ltd. (CECEPEC) and the pan-European stock exchange Euronext signed an ERA data cooperation agreement in Paris.
Xie Guoguang, chief accountant of CECEP, pointed out that the cooperation between the two sides in the field of environmental data opened a new chapter for sustainable development of both China and Europe, which is of great practical significance. CECEP is willing to carry out extensive cooperation with Euronext to tap the development potential brought by green finance and jointly contribute to the future development of China and Europe, he added.
ERA data is based on the ERA model independently developed by CECEP (Hong Kong) Investment Co., Ltd., which is first applied to the environmental risk assessment of China’s A-share listed companies, taking into account the impact of operating costs caused by environmental factors, the sensitivity of the industry to external environmental factors, and the ability of the companies to manage environmental risks. At present, ERA database covers nearly 600 listed companies with large market value and high liquidity in China’s A-share market, including most of the mainstream index stocks, and covers all the CSI 300 index constituents since 2015. The ERA model and data build a set of quantitative environmental risk assessment system, with stable and credible raw data sources. The multi-level data give a high degree of flexibility, which can be widely used in stock screening, index enhancement and financial product development.
