Net ESG value reflects the impact value of a company on stakeholders. The larger the positive value, the stronger larger absolute value means a greater impact on stakeholders, indicating impact materiality. Identifying topics with high impact materiality through prioritising the absolute value of net ESG value, can provide direction for prioritising the net value of each topic, those with impact materiality are identified as: GHG emissions, gender equality, employee development and training, and tax contribution. Among them, the net GHG emissions value impacts; the net value of employee development and training was 4.723 billion yuan and the net value of tax contribution was 16.358 billion yuan, with signifiant positive impacts. When assessing the potential impact of sustainability topics on operations and strategic planning, companies should conduct a systematic assessment based on the characteristics oftheir industry and their actual conditions. They should also consider industry-specific topics, such as inclusive finance value and green fnance value in the banking industry, which can provide references for assessing the materiality of industry-specific topics. 6.2.1.2 Using ESG risk/opportunity value to asst in assessing financial materility ESG activities. Based on the net ESG value data ofa company and its industry, the company can calculate the ESG risk/opportunity value to understand whether its ESG performance exceeds the industry average, thereby asessing potential fnancial risks and opportunities. Ifthe result is positive, it means the companyhas fnancial value from ESG opportunities that have not been reflected in its fnancial statement. In the future, it may offset costs, increase potential revenue, or improve profitability by enhancing ESG performance, thereby boosting future cash ow. On the contrary, if the result is egative, it means the company is xposed tonancial risks frm ESG threats and needs to bear higher transition costs, which may lead to a decrease in future cash fow. ESG risk/opportunity value refects the deviation of a company's ESG performance from the industry average. companies to measure the impact materiality and financial materiality of their ESG activities. negative value means its performance is worse than the industry average, facing risks. Companies can manage 6.2.1 Assisting in the double materiality assessment In the double materiality assessment of corporate information disclosure, ESG value accounting plays a core benchmark against industry peers to reduce the negative value; list indicators with small positive values as supporting role, providing quantitative support for the assessment of impact materiality and fnancial materiality. indicators requiring attention and benchmark against industry peers to enhance advantages; list indicators with 6.2.1.1 Using net ESG value to assess impact materiality Based on the availability of methodologies and data, the impact values of 9 topics are accounted for, including GHG emisions, waste and plutant discharge, resourceutilsation, gender equality mloyee health and safty. the company's ESG risk/opportunity value in the topic of gender equality was -763 million yuan, indicating employee development and training, tax contribution, contribution to rural vitalisation, and contribution to its performance was below the industry benchmark with significant risk exposure. This may lead to potential common prosperity. Net ESG value identifies topics with impact materiality by quantifying the impact degree of competitive disadvantages such as the loss of female talents, damaged brand reputation, and compliance