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  • The department of environmental protection cancelled the listing and environmental verification

       2014-09-30 9060
    Key Point:After several rounds of adjustment and reform of the public environmental verification system, it was eventually eliminated。On 25 september, the ministry of the environment indicated that, after consulting with the various parties within and outside the system, it had developed a concept for reform of the environmental inspections on the market, following the principle of reduced administrative intervention and accountability of market own

    After several rounds of adjustment and reform of the public environmental verification system, it was eventually eliminated。

    On 25 september, the ministry of the environment indicated that, after consulting with the various parties within and outside the system, it had developed a concept for reform of the environmental inspections on the market, following the principle of “reduced administrative intervention and accountability of market owners”, and that all government-led environmental inspections on the market had been carried out。

    The ministry of the environment, a person who did not want to reveal his name, told the daily economic news reporter that the removal of the company's listing for environmental protection was intended to give effect to the reduced administrative approval required by the central authorities, but that the cancellation did not mean deregulation。

    Environmental regulation of listed companies is not relaxed/

    The ministry of the environment stated that the positive role played since the implementation of the publicly available environmental verification system should be fully recognized. However, it is also important to note that there are salient issues such as lack of accountability, local protectionist interference, a longer verification cycle and even interest-seeking。

    According to the ministry of environmental protection, the main reforms include: the ministry of environmental protection's suspension from receiving and carrying out public environmental inspections; local environmental authorities' discontinuation of public environmental inspections; strict regulation of the day-to-day environmental protection of listed companies; increased disclosure of government and business environmental information; and public access to corporate environmental information by the sponsoring agencies。

    The above-mentioned ministry of the environment has described the risks to shareholders in the investment process when companies are listed, including environmental risks, where companies are penalized for environmental violations and the losses to shareholders are significant. In his view, the prior verification of business listings would enable enterprises to avoid environmental risks and reduce the investment risk of shareholders, and there was a constraint on sewage companies themselves, which could do better。

    In fact, high priority has been given to these issues in the context of the reform of the environmental inspections on the market. On 25 september, the minister of environment, zhou xianxian, chaired the standing meeting of the ministry of the environment, which adopted in principle the idea of reforming the environmental verification process. Taking into account the fact that listed companies have a direct interest in equity and a high level of social interest, the meeting requested that strict regulatory measures following the elimination of the publicly available environmental verification regime be studied as soon as possible, that the reform of the publicly available environmental verification regime be published and that environmental verification be discontinued, while environmental regulation of listed companies is not relaxed and that environmental safety is ensured。

    The verification regime has been adjusted several times/

    In june 2003, the then general environmental protection authority issued a circular on environmental protection verification of companies applying for listing and those applying for refinancing, setting out the content and requirements of such verification for enterprises applying for listing in highly polluting industries。

    Subsequently, the environmental protection sector made several improvements and adjustments to the system. In 2007, the former general environmental protection authority, together with the csrc, conducted an environmental review of listed companies, banned companies with environmentally undesirable behaviour from entering the capital market and, in august of that year, issued a circular on further regulation of the work of companies operating in highly polluting industries applying for listing or refinancing environmental protection. In february 2011, the ministry of the environment issued a circular on further regulation and regulation of strict environmental verification of listed companies。

    It is worth noting that in october 2012, the ministry of the environment issued a circular on further optimization of the listed environmental verification system, which calls for streamlining the listed environmental verification content and the time frame for verification。

    The trend towards simplification is evident in the adjustment of the publicly available environmental verification system。

    In the future, the ministry of environmental protection will strengthen its day-to-day supervision of listed enterprises, how to make a change in pre-clearance, auditing, supervision and evaluation? The secretary of the national chamber of commerce and industry of the environment of the national chamber of commerce and industry, kam jianhua, indicated that it was recommended that the environmental services commission a third-party assessment on an annual basis to measure the performance of listed enterprises in the area of environmental protection, which would facilitate the promotion of environmental performance by listed enterprises。

    In accordance with the requirements of the ministry of environmental protection, priority checks are carried out on listed companies in the course of day-to-day environmental regulations, environmental campaigns and environmental visits, and violations are detected in accordance with the law and are not replaced by environmental penalties through the collection of additional sewage charges. The environmental protection department, which is responsible for the primary verification, conducts the public environmental inspection on the basis of the company's application documents and reports, and on the basis of regular environmental regulations, produces the public environmental inspection opinion。

    Responsible editor: zhang dei

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