Last week, 12 listed companies were fined more than 2 million for environmental risks.
DATE:  Sep 03 2023

damage to the ecological environment, China railway (SH601390, stock price 6.84 yuan, market value 169.305 billion yuan) subsidiary received 2.3493 million yuan fine; Failure to properly dispose of solid waste, Salt Lake shares (SZ000792, stock price 17.88 yuan, market value 97.14 billion yuan) holding company was fined 600000 yuan...

In the first week of September 2023, which listed companies have a red light on their environmental protection and credit obligations? And look at the 126 issue of A- share Green Weekly.

since September 2020, the national business daily and the public environmental research center (IPE), a well-known NGO in the field of environmental protection, have collected and analyzed environmental information data of thousands of listed companies and tens of thousands of their subsidiaries (including branches, shareholding companies and holding companies) in China every week based on authoritative data sources such as environmental quality, environmental emissions and pollution source supervision records issued by 31 provinces, autonomous regions and municipalities and 337 prefecture-level municipal governments, the release of the "A-share Green Weekly" aims to make the environmental information in the business activities of listed companies in the capital market more transparent with the help of environmental databases and professional analysis and dissemination capabilities.

According to data collected in the first week of September, a reporter from the "Daily Business News" found that a total of 12 listed companies have recently exposed environmental risks.

a week of green lessons: China railway's companies received a 2.349 million yuan fine for damaging the environment

In addition to factors such as corporate management capabilities, financial conditions, and industry competition, environmental risks are increasingly becoming one of the important business risks of listed companies. Environmental risk is related to the development of enterprises, but also related to corporate image.

According to the current data, 12 listed companies are associated with risk information such as violations of laws and regulations in the field of ecological environment. Of these, nine are state-controlled enterprises.

A reporter from the "Daily Business News" found that there are as many as 1.5652 million shareholders behind the 12 listed companies, and their investment targets are on the environmental risk list, which may expose them to investment risks.

It is worth noting that the environmental risk information included in this issue shows that China Railway First Bureau Group Bridge Engineering Co., Ltd., an indirect holding subsidiary of China Railway, was fined 2.349 million yuan by the Yiling District Comprehensive Administrative Law Enforcement Bureau of Yichang City for "damaging the ecological environment.

the punishment book with the document number of yi zong penalty decision (2023) 030043 shows that "starting from 2021, the parties concerned will successively build Yixing railway ZQ-2 bridge and other projects in xiabaoping township and dengcun township of Yiling district, and will build temporary access roads, movable plank houses, steel bar processing plants, steel bar material storage yards, etc., occupying a total area of 103617.42 square meters of forest land beyond the approved scope." According to the first paragraph of Article 73 of the the People's Republic of China Forest Law, Yichang City Yiling District Comprehensive Administrative Law Enforcement Bureau fined 2.3493 million yuan.

On September 1, people close to China Railway stated that the aforementioned environmental penalties did not meet the information disclosure standards. The company attaches importance to ESG performance and has been rated high in recent years.

Environmental penalties: 8 affiliated companies of listed companies were fined for improper disposal of waste gas and solid waste

among the data collected in this issue, 8 companies received environmental punishment forms for improper disposal of waste gas and solid waste, with a total fine of 1.517 million yuan, involving 8 listed companies.

among them, Qinghai salt lake sincere chemical co., ltd., a subsidiary of salt lake co., ltd., was fined 600000 yuan by Haixi state ecological environment bureau according to item 3 of article 112 of the law on the prevention and control of environmental pollution by the People's Republic of China solid waste for "not properly managing/storing/disposing hazardous waste.

On August 31, a reporter from the "Daily Economic News" called Salt Lake Co., Ltd., and the operator said that he would ask the leader for instructions on the corresponding situation and reply to the reporter in accordance with the company's procedures.

In addition, Zhongfu Shenying Carbon Fiber Xining Co., Ltd., a subsidiary of Zhongfu Shenying (SHSH688295, stock price 31.28 yuan, market value 28.152 billion yuan), was fined 150000 yuan by Xining Ecological Environment Bureau in accordance with Item 2 of Article 99 of the the People's Republic of China Air Pollution Prevention and Control Law for "excessive discharge of water pollutants.

On September 1, Zhongfu Shenying contacted the reporter of ''Daily Economic News''. The relevant person said that after being punished by the environment, the company immediately organized external experts to conduct diagnostic analysis on the problem of excessive dust, and found the cause. Actively rectify. The rectification of the environmental penalty will be disclosed in the Xining Ecological Environment Bureau and the company's periodic reports.

In recent years, as ESG (environmental, social responsibility and governance) investment philosophy has gradually heated up, investors have paid more and more attention to the sustainable development of enterprises. The environmental responsibility of financial investment and strategic investment of listed companies should also be paid attention to, so the environmental data of directly or indirectly participating enterprises are included in the-share green reporting project database.

It should be noted that the disclosure of environmental information data depends on the continuous improvement of the disclosure level of environmental regulatory information. From the 2008 "Environmental Information Disclosure Measures (Trial)" to the newly revised "the People's Republic of China Environmental Protection Law" Chapter V, the special chapter establishes "information disclosure and public participation", and information disclosure is guaranteed from the system construction.

Relevant laws and regulations stipulate that citizens, legal persons and other organizations have the right to obtain environmental information, participate in and supervise environmental protection in accordance with the law. The competent environmental protection departments of the people's governments at all levels and other departments responsible for environmental protection supervision and management shall disclose environmental information in accordance with the law, improve public participation procedures, and provide convenience for citizens, legal persons and other organizations to participate in and supervise environmental protection.

The Public Environmental Research Center (IPE) and the Natural Resources Conservation Association (NRDC) compiled the "2018-2019 120 Urban Pollution Source Regulatory Information Disclosure Index (PITI) Report" also pointed out that environmental information is "open as the norm, not open as an exception" has gradually become a recognized principle of the government and society.

(Interns Huang Can, Chen Shiyu and Zhao Zichun also contributed to this article)

If you have any questions about the environmental data of this project, or if you need to communicate and feedback on the environmental issues involved in the list, please contact Azure Map.

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