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Help China take off, gather momentum and win win From ESG Report

The following is the Help China take off, gather momentum and win win From ESG Report recommended by recordtrend.com. And this article belongs to the classification: PWC, research report.

The world economic forum and PricewaterhouseCoopers China jointly released the white paper “ESG report: helping China take off and build a win-win situation”. According to the white paper, China’s corporate environment, society and Governance (ESG) reporting is at an inflection point as the activity of regulators, exchanges, investors and business leaders surges.

After several years of growing demand for ESG reports from investors and requirements from the Hong Kong stock exchange, Chinese listed companies are becoming more and more familiar with the challenges and benefits of ESG reports. China’s ESG report is at a time of great leap forward development.

Six key insights

According to the seminars held by the world economic forum and interviews with ESG practitioners and Chinese business leaders, the white paper reveals six key insights on the ESG work of Chinese enterprises, and identifies regulators, investors and decision makers as the main driving forces for the continuous improvement of the quality and quantity of ESG reports of Chinese enterprises. These six key insights include:

1. Board level support

2. Long term growth and stakeholder interests

3. Beyond the traditional corporate social responsibility

4. Substantiality — the significance of ESG for achieving strategic objectives

5. Capacity building and coordination

6. Sustainable development of supply chain

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