从能源电力行业的ESG投资情况来看，我国A股能源电力企业披露ESG情况的比例超过70%，且呈逐年上升态势。各个评级机构对于企业的评级标准及结果的差异较大，且部分机构的ESG评价未涵盖能源电力行业的所有上市企业。从能源电力行业ESG评级与股价涨跌情况来看，ESG评级较高的企业不一定受到市场的青睐，ESG评级较低的企业的股价下跌的可能性较高。意大利国家电力公司、德国意昂集团、法国电力公司等国外能源电力企业已积累了丰富的ESG实践经验。中国能源电力企业不断加强ESG体系建设，华润电力等有关A股上市企业进行了有益的探索。本报告认为，能源电力行业的ESG投资趋势为：一是能源电力行业加速转型，持续推进电源结构优化调整，不断提升清洁能源占比；二是能源电力行业普遍将ESG投资作为促进行业转型的重要工具；三是能源电力行业把“温室气体排放”“绿色技术、产品与服务”等作为ESG的重要议题，这对企业产生了相关影响。
From the perspective of ESG investment in the energy and power industry，the proportion of A-share power companies disclosing ESG information exceeds 70% and is showing an increasing trend year by year. There are significant differences in the rating standards and results of various rating agencies for enterprises，and some agencies have not fully covered the ESG evaluation of listed companies in the energy and power industry. From the perspective of ESG ratings and stock price fluctuations in the energy and power industry，companies with higher ESG ratings may not necessarily be favored by the market，but companies with lower ESG ratings are more likely to experience a decline in stock prices. Foreign energy and power companies such as Enel，E. ON，and EDF have accumulated rich experience in ESG practices. Domestic energy and power companies are also continuously strengthening their ESG system construction，and China Resources Power and other A-share listed companies have made beneficial explorations. This report believes that the ESG investment trend in the energy and power industry is：firstly，accelerating the transformation of the energy and power industry，continuously promoting the optimization and adjustment of power structure，and continuously increasing the proportion of clean energy；secondly，the energy and power industry generally regards ESG investment as an important tool to promote industry transformation；thirdly，the energy and power industry regards “greenhouse gas emissions” and “green technologies，products，and services” as important ESG issues，which have had a related impact on enterprises.
