2022-04-28

As more enterprises around the world adopt ESG standards for non-financial information disclosure, Chinese enterprises face a pressing need to catch up as they compete in markets with rising demand for quality ESG data. Many globally recognized and most prevalent standards, such as the GRI...

China will remold 220 gigawatts (GW) of its coal-fired power generation units this year to improve their power efficiency and reduce their carbon emissions, as reported by Huanqiu on April 25. According to the National Energy Administration (NEA), China’s coal-fired power installation has reached 1,110...

LG Chem [051910:KS] and Korea Zinc [010130:KS] will establish a joint venture (JV) in May 2022 to produce precursors, a material crucial for cathode materials in electric vehicle (EV) batteries, as reported by The Korea Economic Daily on April 24. Korea Zinc will control 60%...

Thailand's Provincial Electricity Authority announced a plan to invest THB253bn (USD7.4bn) on projects such as smart meters and electric vehicles (EVs) to accelerate its efforts toward carbon neutrality by 2050. Specifically, the plan allocates THB103bn (USD3bn) towards energy storage systems and THB2.8bn (USD82m) towards EV...

Taiwan-based Foxconn [2317:TT], the world’s largest contract electronics manufacturer, vowed to reduce emissions by 21% from 2020 levels before 2025, then by 63% before 2035, as reported by Nikkei Asia on April 23. On Earth Day, Foxconn announced a plan to have green energy account...

The International Sustainability Standards Board (ISSB) is expected to issue a set of ESG disclosure standards by the end of 2022, which is likely to be accepted internationally, as reported by Sina News on April 20. The Vice-Chairman of China Securities Regulatory Commission (CSRC), Fang...

Eight Chinese asset managers, including E Fund, China Merchants Fund Management [600036:CN], GF Fund, Fullgoal Fund, China Universal, and others, have submitted their applications to the CSRC for launching new carbon neutrality-themed exchange-traded funds (ETFs), as reported by Yicai on April 21. The eight ETFs...

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