Overview
China has formulated a 2030 carbon peak and 2060 carbon neutrality plan, and its investment in clean energy such as photovoltaics and wind power and the scale of financial instruments such as green bonds are at the forefront of the world.
China’s ESG development has attracted the attention of many international institutions. The Asia Investor Group on Climate Change has set up a China working group, and the International Sustainability Standards Board has opened an office in Beijing.
China is also cooperating with other jurisdictions on ESG policies. The Monetary Authority of Singapore and the People’s Bank of China have jointly established a green finance working group, and the European Union is also developing a common taxonomy with China.
Introduction to Natural Capital Valuation in China by Asian Development Bank
The Asian Development Bank releases a report on the natural capital valuation in China to provide experience in natural capital accounting
China Releases Draft of General Standards for Corporate Sustainable Disclosure
The Ministry of Finance of China releases draft of general standards for corporate sustainable disclosure
MAS and PBoC Announce Enhanced Green Finance Cooperation
The Monetary Authority of Singapore and the People’s Bank of China announce enhanced green finance cooperation
Hang Seng Indexes Company Releases China Central SOEs ESG Leaders Index
Hang Seng Indexes Company announced the launch of the Hang Seng SCHK China Central SOEs ESG Leaders Index
Fidelity Releases ESG Development Report for Chinese Listed Companies
Fidelity has released an ESG development report for Chinese listed companies, investigating 262 executives to understand ESG priorities and the actions taken
AIGCC Establish China Working Group
The Asia Investor Group on Climate Change (AIGCC) has added a China working group to meet the investment needs of the Chinese market for investors and promote ESG development in China
PBoC and MAS Set Up the Green Finance Taskforce
The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBoC) announced the establishment of a green finance working group, which aims to strengthen cooperation between the two countries in green finance and promote Asia’s transition to a low-carbon economy
CDP Releases China Enterprise Climate Information Disclosure Report
Report on Climate Information Disclosure by Chinese Enterprises The International Carbon Disclosure Project (CDP) has released a report on climate information disclosure by Chinese enterprises,