本期解读报告涉及26家与水处理业务相关的上市公司，它们分别归属于生态保护和环境治理业、水的生产和供应业，且水处理业务的子公司在集团构成中占比超过20%。据不完全统计，本期榜单上市公司涉及水处理相关业务的重要子公司涉及600余家。 课题组分析上榜上市公司环境表现，多家上市公司涉及子公司在经营过程中因超标排放水污染物、以逃避监管的方式排放水污染物、不正常运转污染治理设施，被生态环境部门处以罚款，而造成上述情况的，有服务区域上游进水超标等客观问题，也有上市企业自身管理不规范的因素。

In an attempt to review the implementation of the policies, the Institute of Public and Environmental affairs (IPE) and Lvse Jiangnan Public Environment Concerned Center compiled a total of 1,123 A-share listed companies who are either Key Polluting Entities themselves or whose subsidiaries are Key Polluting Entities, based on Blue Map database and conduct a close analysis of their 2019 annual reports.

本期报告我们通过对A股20家涉及垃圾焚烧业务的上市公司的年报和企业社会责任报告环境信息披露部分进行分析，发现旺能环境（002034）、启迪环境（000826）、上海环境（601200）等10家上市公司环境信息披露存在显著缺陷。其中4家在2019年年报中明确声明“不存在重大处罚及整改情况”或“不适用”，涉嫌虚假陈述；6家未在2019年年报中就自身或分子控等关联公司的环境违规问题作出任何披露。

In this report, IPE and Lvse Jiangnan reviewed the annual reports and the CSR reports of 35 iron and steel companies listed in the A share stock market. 20 companies including HESTEEL, Shougang Shares, Baosteel, Inner Mongolia Baotou Steel Union and Chongqing Iron & Steel revealed significant drawbacks. Among these, 9 companies were suspected of making false statements, 8 failed to disclose whether there is violation, while 3 others did not disclose all data required for key-polluting entities.

2020 is the final year of the environmental information disclosure roadmap for Chinese Listed companies. The Institute of Public and Environmental Affairs (IPE) and Lvse Jiangnan (PECC) are reviewing the 2019 Annual Report, corporate social responsibility reports and environmental responsibility reports of companies listed in Shanghai and Shenzhen based on the official corporate environmental data collected in Blue Map Database, and will publish research reports on a periodic basis. In July, we have reviewed the 2019 Annual Report of SHENGYUNTUI (300090.SZ) esp. the disclosure of environmental data and administrative penalty, and we have found alleged dishonest disclosure.

2020 is the final year of the environmental information disclosure roadmap for Chinese Listed companies. The Institute of Public and Environmental Affairs (IPE) and Lvse Jiangnan (PECC) are reviewing the 2019 Annual Report, corporate social responsibility reports and environmental responsibility reports of companies listed in Shanghai and Shenzhen based on the official corporate environmental data collected in Blue Map Database, and will publish research reports on a periodic basis. In July, we have reviewed the 2019 Annual Report of Henan Xinye Textile Co.,Ltd. (Stock Code: 002087) esp. the disclosure of environmental data and administrative penalty, and we have found alleged dishonest disclosure.