Seneca ESG

22 Mar CAC, MPS Speak to Alibaba, Tencent, Bytedance and other Eight Firms on Cybersecurity

Posted at 16:45 by Cici Luo

The Cyberspace Administration of China (CAC) and the Ministry of Public Security (MPS) recently instructed their branches to strengthen the security assessment of voice social software and new internet technologies and applications involving the deep fake technology, as reported by National Business Daily on March...

22 Mar Yingda International Trust Issues First Carbon Neutrality ABCP in China

Posted at 13:56 by Ningjing Liu

State Grid-backed Yingda International Trust announced the issuance of the country’s first carbon neutrality-themed asset-backed commercial paper (ABCP), as reported by Sina on March 17. The ABCP is worth a total of RMB1.75bn. The raised funds will be used for three hydropower projects, two wind...

18 Mar China to Improve Anti-Monopoly Regulations on Platform Economy

Posted at 16:44 by Cici Luo

China’s Central Committee for Financial and Economic Affairs held a meeting on March 15, which emphasized to speed up the improvement of laws and regulations about the platform economy and make up the gaps and loopholes of the rules in a timely manner, as reported...

18 Mar IFRS Announces to Establish Global Sustainability Reporting Standards

Posted at 14:47 by Zoe Zhou

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....

18 Mar China Sets Up National Carbon Trading Center in Shanghai

Posted at 13:36 by Ningjing Liu

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...

18 Mar China’s 2021 Two Sessions from an ESG POV

Posted at 09:44 by Una Qu

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...

16 Mar Ant Group Promises to Achieve Carbon Neutrality in 2030

Posted at 17:10 by Cici Luo

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...

15 Mar National Carbon Market May Prioritize Inclusion of Cement, Electrolytic Aluminum Industries

Posted at 10:55 by Zoe Zhou

The national carbon emission trading system (ETS) may give priority to including the cement and electrolytic aluminum industries, which also have good carbon emission data, following the 2,225 power generation enterprises, as reported by Yicai on March 11. In addition to the first inclusion of...

11 Mar Ganfeng Lithium Acquires Yili Hongda for RMB1.47bn

Posted at 16:15 by Ningjing Liu

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...

11 Mar Chinese Private Funds Explore the Road of ESG Investing, Tending to Risk Reduction

Posted at 16:08 by Haiyan Luo

The Asset Management Association of China (AMAC) issued a self-evaluation report on green investment of fund managers on February 18, 2021. AMAC designed the dimensions and questions of a self-evaluation form and received valid samples from 37 mutual funds and 421 private funds, including 197...

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