Insights

The International Financial Reporting Standards Foundation (IFRS) is planning to establish global sustainability reporting standards, and may announce to set up a sustainability standards board at the meeting of the United Nations Climate Change Conference COP26 this November, as reported by ESGToday on February 3....

The Chinese government is planning to set up the national carbon emission right trading center in Shanghai, and the carbon quota registration center in Wuhan, as reported by Sina on March 18, citing people familiar with the matter. Currently, the Wuhan registration center is opening...

China held the annual National People's Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC), also known as the Two Sessions, from March 4 to March 11. On March 5, Premier Li Keqiang made the speech of the 2021 Government Work Report, which listed...

Ant Group announced on March 12 that the firm will achieve net-zero carbon emission in 2030, covering its supply chains, business travel, and others that are owned or controlled by it, as reported by 21st Century Business Herald on the same day. The group will...

Chinese lithium producer Ganfeng Lithium [1772:HK] and its wholly-owned subsidiary Qinghai Liangcheng announced plans to fully acquire Yili Hongda for RMB1.47bn, which would give the companies a 49% stake in the latter’s Minmetals Salt Lake project, as reported by Sohu on March 9. The deal...

The Ministry of Transport (MoT) held a meeting with ride-hailing giant Didi Chuxing on March 5, as reported by Caixin on the same day. Didi recently had adjusted its pricing system in some cities like Chengdu, where the firm raised prices at the passenger side...

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