The Northern Stock Exchange revised the guidelines for preparing sustainability reports to strengthen the foundation of sustainable development information disclosure.

The Beijing Stock Exchange released the revised "Guidelines for the Preparation of Sustainable Development Reports for Listed Companies on the Beijing Stock Exchange" on January 30, 2026. The revised "Guidelines" further clarify the risks and opportunities, accounting methods and disclosure content of relevant topics. Firstly, it systematically explains the main risks and opportunities involved in each topic, such as environmental compliance risks in production and operation, and market opportunities brought by the application of green technologies. Secondly, it provides the calculation process and methods for disclosing data, including statistics on pollutant emissions, calculation of comprehensive energy consumption, measurement of water resource extraction and consumption, etc., to enhance the comparability and reliability of data. Thirdly, it further clarifies the key points of information disclosure, including the impact of emissions on surrounding communities and employees, energy conservation and water saving goals and progress, and the situation of resource recycling, to promote enterprises to enhance their management capabilities and transparency in sustainable development. The Beijing Stock Exchange has always adhered to the market positioning of serving innovative small and medium-sized enterprises, actively guiding listed companies to firmly establish a new development concept and continuously enhance their long-term competitiveness. The release of this "Guidelines" marks the further improvement of the sustainable development disclosure system of the Beijing Stock Exchange, which helps to enhance the overall governance level of listed companies. In the next step, the Beijing Stock Exchange will continue to do a good job of promoting, training, and supporting the implementation of the "Guidelines", continuously collect market feedback, optimize relevant institutional arrangements, and promote listed companies to better fulfill their social responsibilities and achieve sustainable development.