China Nonferrous Metallurgy

ESG evaluation system started to develop in China since 2018. It consists of three dimensions: ESG information disclosure principles and guidelines, enterprise ESG performance rating and ESG investment guidelines. Non-ferrous metallurgy industry has many risks at the ESG level, such as environmental issues, safety production accidents, occupational health problems, community complaints, poor risk control ability, weak internal control management and so on. These potential ESG risks have brought great challenges to the non-ferrous metallurgy industry to achieve carbon reduction goals and sustainable development. Under the background of “carbon peak and carbon neutrality” Goal set by industry and the nation, the discussions is made in this paper on the ESG system’s development status and its role in promoting the green and sustainable development of nonferrous metallurgy industry. It concludes that the ESG evaluation indicators shall draw some attention from nonferrous metallurgy industry, and practical suggestions are given on how to utilize ESG system in a better way to support the green & sustainable development of the industry.