2023䎃8剢©䶑㕃緸 ⻌❩綁蒀ꆄ輑♸〳䭯絯封㾝灇瑕ꤎ⻌❩綁ꆄꤎ僽♧㹻岤ⱃ✵⻌❩涸ꬋ蠒ⵄ灇瑕纸匬կ䧮又翸送ESG䫏輑餴ծ⡛焫♸腊彂鲮㘗ծ荈搬餴劥ծ綁蒀猰䪮♸䒊瘰䫏輑餴瘝곭㚖荝⸂✵⚹务㕂♸Ⰼ椕綁蒀ꆄ輑♸〳䭯絯封㾝䲿⣘佟瘻ծ䋑㖞♸❡ᄩ涸灇瑕䎇䲀⸓綁蒀ꆄ輑涸㕂꣢ざ⡲կ⻌❩綁ꆄꤎ傋㖈封㾝䧭⚹Ⱘ剣㕂꣢䕧ᆄ⸂涸兰䎽⚹佖㊤Ⰼ椕梠㞯♸䎾㼆孞⦫」⻊⨞ⴀ㹊餘餑柄կThe Institute of Finance and Sustainability (IFS) is a Beijing-based non-profit research institution specialized in areas such as ESG investment, natural capital, green technology innovation, and low-carbon transition. Its mission is to advance green finance and sustainable development in China and beyond, through high-quality research on policies, markets and products. It aims to become a globally recognized think tank and make substantial contributions to international efforts to protect the environment, conserve nature and combat climate change. 晜勉㡮僈劥䫣デ晜勉䔱⻌❩綁蒀ꆄ輑♸〳䭯絯封㾝灇瑕ꤎ⻌❩綁ꆄꤎ䨾剣կ劥䫣デ欽✵㖈暵㹁곭㚖涸灇瑕♸❜崨劢絑⻌❩綁ꆄꤎ䱇勉霼⺡鲮鲿ծ䶰綘䧴⟄Ⱖ➭倰䒭⢪欽Ⱖⰻ㺂կ㥵䒸欽䫣デⰻ㺂䎾幡兠岤僈勻彂կ㥵剣ⰻ㺂䧴ざ⡲瘝꡼곿霼鸑鵂㥵♴歏齱翫禹䧮又info@ifs.net.cn Copyright Policy The copyright of this report belongs to the Institute of Finance and Sustainability (IFS). This report is intended for research and knowledge sharing only. Any redistribution, reproduction or use in any other form of any part or all of its content without the authorization of the IFS is prohibited. Please clearly attribute the source when quoting from this publication. For any inquiries regarding its content or potential collaboration opportunities, please contact us at info@ifs.net.cn. 靃곿絆곥꡼끩낌⻌❩綁蒀ꆄ輑♸〳䭯絯封㾝灇瑕ꤎꤎꟋ靃곿絆絆Ɤ寝歍⻌❩綁蒀ꆄ輑♸〳䭯絯封㾝灇瑕ꤎ暵鼜넞紩灇瑕プ靃곿絆䧭プ脋併⻌❩綁蒀ꆄ輑♸〳䭯絯封㾝灇瑕ꤎⶰꤎꟋ鿓蔉⻌❩綁蒀ꆄ輑♸〳䭯絯封㾝灇瑕ꤎ灇瑕プ !"#$%&'()*+,-./0 湡䔶䪄遤䶰銳............................................................................................................................11.瀖屘♸㣔搬孞Ⱆ぀⡛焫鲮㘗僽㕂꣢惐崨䨾ぢծ㣐⸷䨾馋................................................72.妍崍屘孞Ⱆ぀⡛焫鲮㘗涸㹊騨呩⢾................................................................................92.1薉㕂瀖屘Ⱆ぀BP...........................................................................................92.2蚚Ⱎ㡲晥瀖屘Ⱆ぀Shell...............................................................................132.3岁㕂麤鴪㼷腊彂TOTALEnergies.................................................................152.4䮱㪭瀖屘Ⱆ぀Equinor.................................................................................193.繠㕂♸务⚎屘孞Ⱆ぀⡛焫鲮㘗涸㹊騨呩⢾...................................................................223.1蒔⯘啿繠㶻瀖屘ExxonMobil.......................................................................223.2ꨓ䒼륫Chevron...........................................................................................253.3䐀螨瀖屘ConocoPhillips............................................................................293.4尪暵꣚繠SaudiAramco..............................................................................324.㕂꣢絑낉㼆务㕂屘孞Ⱆ぀⡛焫鲮㘗涸⦶ꊹ...................................................................344.1鲮㘗湡叻霃㹁.....................................................................................................344.2鲮㘗䪮助騟䖈.....................................................................................................374.2.1⟄꣭⡛荈魧鵘蠒焫䱗佞⚹⚺銳湡叻涸䪮助騟䖈.........................................374.2.2⟄剪⸉絑崸爢⠔侮⡤⡛焫鲮㘗⚹⚺銳湡叻涸䪮助騟䖈..............................384.3⥌䜂䫪ꪪ............................................................................................................404.4鲮㘗屛椚............................................................................................................414.5鲮㘗䫏輑餴.........................................................................................................42⿬罌餴俱..........................................................................................................................45 1 !"#$%&'()*+,-./0 䪄遤䶰銳1շ䊼랫弓㹁ո务1.5䶑孒䏞涸庛䱽湡叻꨽銳Ⰼ⚆歲㖈30䎃䊩十涸傞ꢂⰻ㼜庛㹔孞⡤䱗佞ꆀ➢梡㖈涸400➉ょ✳孻⻊焫䔲ꆀ✵劥⚆紬务尺꣭⡛荛ⲙꨪկ鵯䠑㄂满⡲⚹庛㹔孞⡤䱗佞痦♧㣐䨪涸腊彂❡⚌䗳곢ⴉⴎぢⰻծ荈䧮ꬠㄐ⡛焫鲮㘗ⵠ♶㺂綕կ腊彂❡⚌涸荈䧮ꬠㄐ銳宠Ⱖ䋑㖞⿬♸⚺⡤ˋˋ瀖屘♸㣔搬孞Ⱆ尽䗳곢➢副康欰❡ⵌ务康鵘鳕ⱄⵌ♴康嶊餩㹊梡Ⰼ❡⚌Ꝇ涸⡛焫鲮㘗鵯䊺僽㕂꣢惐崨䨾ぢծ㣐⸷䨾馋կ屘孞Ⱆ尽荈魧䗳곢➢餴彂⣜饆㘗ぢ䪮助⣜饆㘗鲮」կ劥䫣デ⿬罌շG20鲮㘗ꆄ輑呥卹ո鷥》㔋㹻妍崍屘孞Ⱆ尽BPծShellծTOTALծEquinor♲㹻繠㕂屘孞Ⱆ尽ExxonMobilծChevronծConocoPhillipsㄤ♧㹻务⚎屘孞Ⱆ尽SaudiAramco⡲⚹Ⱙ㘗灇瑕呩⢾➢鲮㘗湡叻ծ䪮助騟䖈ծ⥌䜂䫪ꪪծ鲮㘗屛椚ծ鲮㘗䫏輑餴❀⚡絶䏞㼆㕂꣢屘孞Ⱆ尽⡛焫鲮㘗雦ⴢ鵳遤✫禹絡䚍唙椚կ劥䫣デ傋㖈⚹䧮㕂屘孞Ⱆ尽⡛焫鲮㘗ㄤ⢪欽鲮㘗ꆄ輑䊨Ⱘ䲿⣘㕂꣢絑낉⿺Ⱖ⦶ꊹ䲀⸓瀖屘♸㣔搬孞❡⚌⡛焫鲮㘗鵳罜䲀⸓腊彂ꬠㄐ䒸곭䧮㕂絑崸爢⠔⸈鸟䕎䧭綁蒀⡛焫涸欰❡倰䒭ㄤ欰崞倰䒭կ㖈鲮㘗湡叻涸絶䏞Ⱃ㹻㕂꣢屘孞Ⱆ尽㛇劥〳ⴔ⚹㼆嫱됮僈涸⚙㣐꣋蠒妍崍涸㔋㹻屘孞Ⱆ尽傁䪬霿✫薴㔵♧♸薴㔵✳荈魧鵘蠒涸ⲙꨪ䱗佞⿶霃㹁✫薴㔵♲❡ᄩⰌ欰ㄐワ劍焫䱗佞䔂䏞涸ⲙꨪ湡叻罜繠㕂涸♲㹻屘孞Ⱆ尽ㄤ务⚎屘孞䊭㣢Aramco〫䪬霿✫薴㔵♧♸薴㔵✳涸ⲙꨪ䱗佞Ⱖ务⟄Chevron剒⚹⥂㸛薴㔵♧♸薴㔵✳涸ⲙꨪ䱗佞➑㽷ꣳ✵副康欰❡կ㖈鲮㘗湡叻霃用涸薴㔵♸帿䏞副BP涸㔋㣐碫Ⱏ20고鲮㘗湡叻傁㸪㣐⿶Ⱘ⡤傁剣荈魧2050䎃薴㔵♧薴㔵✳薴㔵♲涸ⲙꨪ湡叻⿶巑渷✫㥵⡦㹊梡BP爢⠔⟟⧩剒㣐⻊涸ESG湡叻⦶ꊹ䠑⛐䖎㣐կ姼㢪TOTALծChevronծAramco♲㹻Ⱆ尽涸鲮㘗湡叻满ꅾ䔂靈✫歌掬Ⲹ䱗ㄤꨪ䌢錞敍ꤑկ䒊雳䧮㕂屘孞Ⱆ尽㖈霃㹁ⲙꨪ湡叻副〳⿬ 1 本报告得到了中国石油集团国家高端智库研究中心专职副主任吕建中、道达尔能源（北京）企业管理有限公司财务总监张晓波的专家建议，课题组由衷表示感谢。 2 !"#$%&'()*+,-./0 罌妍崍㔋㹻屘孞Ⱆ尽涸㹊騨絑낉㼜㹊梡薴㔵♲ⲙꨪ湡叻紵Ⰶ务Ɤ劍鲮㘗雦ⴢず傞巑渷歌掬Ⲹ䱗ㄤꨪ䌢錞敍ꤑ歋ⰻぢ㢪ծ歋姼⿺䕹䲀鵳腊彂❡⚌Ꝇ副务♴康涸ⰌꝆ勵綁蒀⡛焫鲮㘗剪⸉㕂㹻䧶殜կ㖈䪮助騟䖈涸絶䏞Ⱃ㹻㕂꣢屘孞Ⱆ尽涸鲮㘗䪮助騟䖈⚺銳ⴔ⚹⚙㣐碫ⵆծⰟ⛰⚡倰꬗痦♧㣐碫涸鲮㘗䪮助⟄꣭⡛荈魧鵘蠒焫䱗佞⚹⚺銳湡叻⢾㥵CCUS䪮助ծ歏孞⻊ծ腊彂佪桧䲿巛ծ歌掬港崵䪮助ծ䏑䒙暟䗄梠ⵄ欽䪮助痦✳㣐碫涸鲮㘗䪮助⟄剪⸉絑崸爢⠔侮⡤⡛焫鲮㘗⚹⚺銳湡叻⢾㥵孲腊ծ欰暟餘腊彂ծ〳ⱄ欰腊彂ծ㛇✵荈搬涸鍒Ɀ倰呩կ痦♧CCUS⿶獦䊨⚌焫宨Ⱃ㹻㕂꣢屘孞Ⱆ尽涸鲮㘗䪮助騟䖈偽♧♶覆⿺CCUS䪮助Ⱖ务⟄ExxonMobil㖈繠㕂騟僒倛㸝齡䊜涸偫菢CCUS고湡⚹Ⱙ㘗➿邍霪고湡㹊梡嫦䎃200♰ょ✳