1、The concept that lucid waters and lush mountains are invaluable assets(the Two Mountains philosophy),proposed by General Secretary Xi Jinping in 2005,is a core principle of Chinas ecological civilization and an important theory guiding Chinese modernization.Under the overall guidance of China Securi

2、ties Regulatory Commission(CSRC),Shanghai Stock Exchange(SSE)is committed to implementing the Two Mountains philosophy.Leveraging its pivotal role and function as a platform of the capital market,the SSE prioritizes ESG reforms in institutional framework,financial instruments and services,and guides

3、 listed companies,investors and other market participants to allocate more resources toward green and low-carbon transition as well as social responsibility,thereby facilitating the transformation between ecological conservation and economic prosperity.As 20 years has passed since the birth of the T

4、wo Mountains philosophy,it is meaningful to take a look back at the journey of ESG on the SSE market,which starts in experiments,grows in exploration and advances through deepened reforms.Starting from voluntary disclosure by only a handful of listed companies,ESG disclosure on the SSE market has tu

5、rned standardized and systematic,resulting in solid progress towards green and low-carbon corporate transition and better fulfillment of social responsibility.More diverse offerings and a growing size of ESG-themed financial instruments have significantly boosted ESG investment and financing,and enh

6、anced global competitiveness of the Chinese capital market.In the face of new developments of our time,to reinforce social awareness and spur synergistic efforts to further act on the“Two Mountains”philosophy,the SSE releases SSE ESG Practice in Two Decades Guided by“Two Mountains”Philosophy,to walk