Abstract:

Considering the latest global practices in the ESG framework and the practical need for China’s application to join CPTPP, the institutional construction of state-owned enterprises’ undertaking environment-related social responsibility holds significant importance. CPTPP emphasizes high standards, effectiveness, transparency of environmental laws, and the procedural nature of environmental responsibility supervision for member states and enterprises. Within the framework of CPTPP, state-owned enterprises can participate in the development and improvement of voluntary mechanisms for environmental performance standards, supplementing domestic regulatory measures regarding environment. Drawing on the experiences of other CPTPP parties, it is important to comprehensively consider the corresponding requirements of ESG governance systems and CPTPP environmental rules, encourage alignment with international standards in ESG practices, balance the policy burden of state-owned enterprises with green compensation mechanisms, establish quantifiable disclosure standards for environmental and social responsibilities, and implement measures to regulate the involvement of third-party independent assessment agencies. These actions will continuously enhance the international competitiveness of state-owned enterprises and facilitate China’s accession to CPTPP.

Key words: CPTPP, enterprises’ environment-related social responsibility, reform of state-owned enterprises, ESG