The theme of the forum was "Creating a Structured Future". Mr. Liu Tao, director of Shanghai Si Meng Center for Promoting Corporate Social Responsibility, presided over the forum. Mr. Lu Xiunwen, Dean of School of Management of Fudan University, and Professor Qian Xiaojun, Vice Dean of Schwarzman School of Tsinghua University, delivered the opening and closing speeches respectively. Professor Jiang Qingyun, School of Management, Fudan University, on behalf of the members of the Value Co-creation research group, released a report on the trend of social value co-creation.

During the round table forum, Li Jiachen, deputy secretary general of Youcheng Entrepreneur Rural Development Foundation, Director of ESG of Tianfeng Securities and other representatives from all walks of life had a heated discussion on the topic of "Gathering social forces and building a bridge of revitalization" in the round table dialogue. They discussed how enterprises can contribute to common prosperity and rural revitalization and form "common consciousness" and "diversified actions". Qu Weifeng, founder and CEO of Leverage Supply Chain, was also invited to participate in this roundtable. In the "ESG Compliance Risk" roundtable dialogue, he discussed and shared with other guests from the perspective of enterprise ESG compliance management and risk avoidance.

During the round table forum, Li Jiachen, deputy secretary general of Youcheng Entrepreneur Rural Development Foundation, Director of ESG of Tianfeng Securities and other representatives from all walks of life had a heated discussion on the topic of "Gathering social forces and building a bridge of revitalization" in the round table dialogue. They discussed how enterprises can contribute to common prosperity and rural revitalization and form "common consciousness" and "diversified actions". Qu Weifeng, founder and CEO of Leverage Supply Chain, was also invited to participate in this roundtable. In the "ESG Compliance Risk" roundtable dialogue, he discussed and shared with other guests from the perspective of enterprise ESG compliance management and risk avoidance.

The followings are Mr. Qu Weifeng's sharing from the perspective of the relationship between ESG and certification compliance：

Host: In order for investors to confirm or believe that the ESG compliance risk of the company has been effectively managed, what are the ways that can be done from a third-party certification perspective?

Qu Weifeng: Everybody knows about ESG rating; Many enterprises also attach great importance to their ESG disclosure after the ESG rating. The rating refers to the rating of three dimensions of environment, society and corporate governance within an enterprise cycle. The data mainly comes from two aspects. One is the disclosure information, namely the annual report and semi-annual report mentioned just now, including announcements. The other piece of data in ESG is generally regarded as the other data, which is the data on some external platforms, media, or data collected by big data.

When disclosing reports, in one case, the report will be disclosed independently to the outside; in the other case, the report will be combed and disclosed by an external consulting company. In both cases, there are problems with the reliability of disclosure. It is suggested that enterprises can authenticate the data, so that the relevant parties such as investment believe that the data is reliable, and even do the examination and certification of the overall report.

Among the Fortune 500 companies, the proportion of third-party verification of ESG reports can account for 67%; among the 49 reports of domestic central enterprises in 2021, 43% have verification or rating, so verification is also a comparison in the future A good trend can better improve the credibility of the report.

Everyone knows that environmental protection and climate action are included in module E. In terms of environmental protection, everyone knows that there is an ISO14001 environmental management system. This is a very important point for the verification of corporate environmental management performance. The results of this certification will be disclosed in the market. On the website of the General Administration of Supervision and Administration; when rating agencies collect and disclose information, this is verified and effective information disclosure.

Including today's talk about climate action, climate action has several modules, such as carbon emissions, we know ISO14064, greenhouse gas emissions from the activities of enterprises or organizations; Also at the product level, called ISO14067 carbon footprint certification, including the final want to achieve carbon neutral certification, these are the verification of the report data certification; It's also a way of holding companies or helping companies get better ratings. There are also some cases of water resources in the environment module, such as the AWS International Sustainable Water Management certification.

We can see that many fashion brands, such as some certifications of global recycling GRS, including cosmetics companies, are doing some requirements for continuous procurement. Including OC marine plastic recycling certification, forest sustainable certification FSC, etc., these certifications are important practices to support environmental protection and sustainable procurement.

In terms of social responsibility, there are similar ones, such as the SCORE sustainable development project we are doing now, which focuses on workplace cooperation, human resource management, occupational safety and health, quality management, gender equality, cleaner production, etc. These are issues related to social responsibility. In the field of human rights, there is SA8000 social responsibility management system certification; in employee occupational health and safety management, there is ISO45001 certification; these are important and internationally recognized certifications. 

In terms of products, there are green product certification, organic product certification and so on; In terms of consumer liability, there is product liability insurance; In the enterprise complaint management and service level, domestic after-sales service certification. 

In terms of governance, there are two main international ISO certification, one is ISO37001 anti-bribery management system certification; The other is ISO37301 compliance management system certification; These two certifications can well prove the policies, actions and performance of corporate governance. The State-owned Assets Supervision and Administration Commission requires central enterprises to complete the construction of compliance management system and certification requirements in 2023. The requirements of corporate compliance governance are very strong.

The concept of ESG and the sustainable development path of enterprises are worth doing. We actively encourage enterprises to establish sustainable development organizations with ESG as the main dimension, and select the disclosure guidelines or standards of ESG reports that meet their own needs. To evaluate the index system of ESG index rating, learn from enterprises with excellent ESG rating results in the industry, and constantly improve their own ESG practice and governance level; And face their own shortcomings and negative problems, actively disclose and correct; Make full use of their own websites, public accounts, news, advertorials or active, or communication form to disclose to relevant stakeholders.

I hope we stay calm. ESG ratings are important, but don't be superstitious. Compliance and sustainable practices in the ESG dimension of the firm itself are more important than an incomplete and stable rating.

Finally, Leverage, as China's international responsible supply chain provider, has been committed to leveraging our services and influence to drive responsible management of all relevant stakeholders to achieve sustainable development.

In the field of ESG, we have ISO14001, 14064, 14067, 45001, 37001, 37301 and other management system certification; SA8000, OCI, ESC, AA1000 and other sustainable services will help enterprise ESG and sustainable development;

Thanks for the opportunity to share here, we would look forward to cooperating with all of you more in the future and to promote sustainable development together.