Xiamen continues to deepen and expand the "Xiamen Practice" in ecological civilization construction. [Photo provided to gofujian.com]

At a press conference held by the Xiamen Municipal People's Government on April 29, the "Action Plan for Environmental, Social, and Governance (ESG) Development (2025-2027)" was officially unveiled. The plan underscores Xiamen's commitment to strengthening ESG capacity, enhancing city branding, fostering an enabling environment for ESG practice, and establishing a comprehensive ESG ecosystem. The plan focuses on three key areas:

First, it emphasizes the cultivation of new quality productive forces and the promotion of innovative drivers for high-quality development. Xiamen is working to implement the "124" ESG Development Framework. This framework entails positioning Xiamen as a national ESG leader, establishing an ESG demonstration system, nurturing an ESG market ecosystem, and creating ESG hubs for green industries, professional services, theoretical innovation, and talent.

Second, Xiamen adheres to three guiding principles, aligning government guidance with market-driven forces. Through enhanced policy support and the formation of an ESG task force mechanism, Xiamen seeks to foster collaboration among government entities, enterprises, service providers, research institutions, and social organizations.

Furthermore, the Action Plan highlights five distinctive features: capacity building, standard formulation, industrial linkage, digital empowerment, and brand development. These features are integrated into the "124" ESG Development Framework, covering the entire ESG ecosystem and key stages:

· Capacity Building: Supporting ESG capability development across small, medium, and large enterprises.

· Standard Formulation: Prioritizing key industries and establishing a global-local ESG standards system.

· Industrial Linkage: Driving industrial and supply chain transformation through green innovation.

· Digital Empowerment: Advancing ESG practices through digital technologies

· Brand Development: Building a strong ESG brand and establishing a hub for research services and talent cultivation.

Xiamen has been an early adopter of ESG concepts, with listed companies initiating environmental and social responsibility disclosures as early as 2016. Looking ahead, Xiamen will deepen and expand the "Xiamen Practice" in ecological civilization construction and aims to lead national ESG advancement, outlining a blueprint for sustainable development and striving for excellence in ESG practices.