Hong Kong government’s contribution to the building of its ESG ecosystem Compared with developed markets such as Europe, the US, and Japan, Hong Kong started relatively late in the ESG space. For reference, in 2016, Hong Kong only accounted for 0.06% of the world’s ESG assets,...
Hong Kong Chief Executive Carrie Lam has stated in her annual policy address that the special administrative region (SAR) aims to reach net-zero carbon emissions before 2050, as reported by Caixin Global on November 26. According to Carrie Lam, the Hong Kong SAR government will...
China’s Ministry of Finance, National Energy Administration (NEA) and the NDRC have jointly issued a notice, authorizing grid companies such as State Grid Corporation of China (SGCC) and China Southern Power Grid (CSG) to manage the future allocation of renewable energy subsidies, as reported by...
Hong Kong is taking multiple measures to build a green finance ecosystem The Hong Kong SAR government started exploring green finance in 2016, after PBoC and other six departments jointly released Guiding Opinions on Building a Green Finance System. Three Major Organizations Supporting Green Finance in Hong...
YTO Express Group [600233:CH], admitted in a statement that its five employees leased their internal accounts to criminal groups for profit, leaking some 400,000 pieces of users’ personal information, as reported by Beijing News on November 16, 2020. According to police based in Hebei province,...
Shenzhen city has decided to implement the first local health regulations in China to better protect the physical and mental health of workers, as reported by Xinhua Net on November 17, 2020. The new rules will go in effect on Jan 1, 2021. This is...
China Chemical Intelligence Information Association (CCIIA) has published the country’s first ESG ratings guide for listed Chinese firms in the petroleum and chemical industry, as reported by Eastmoney on November 19. The ratings guide has created a unified framework for ESG performance assessments of Chinese...
Overview of Hong Kong’s corporate ESG disclosures According to Sohu, citing data from the Chinese independent consultancy SynTao, by the end of September 2019, a total of 1,868 Hong Kong-listed firms published their ESG reports for the prior financial year, accounting for around 80% of all...
China’s influencer industry has seen robust development in recent years. Influencers or key opinion leaders (KOLs), who mainly are online content creators, vloggers, and livestreamers, are transforming the way marketing is done. Specifically, KOLs build up and monetize their social media influence by boosting sales of...
China Forum of Environmental Journalists (CFEJ) and Beijing University of Chemical Technology (BUCT) jointly published a report on November 18, evaluating the ESG performance of publicly listed Chinese companies in 2019, as reported by People.cn on November 18. According to the report, 1,006 out of...
Two months ago, a controversial report in Renwu magazine reported systemic exploitation of food delivery workers, also known as couriers, or riders. This occurred through built-in algorithms that companies such as Meituan [3690:HK] and Ele.me use, triggering widespread online outrage. To learn more about the mixed...
Beijing Municipal Ecology and Environment Bureau stated that the city released air pollution control targets for autumn and winter from 2020 to the beginning of 2021 on November 11, as reported by The Beijing News on November 12. For the fourth quarter of 2020, the...
Green packaging has been a growing focus for green logistics development According to data published by Greenpeace, a global environmental NGO, driven by the booming e-commerce industry, China’s consumption of packaging materials increased from 20,600 tons in 2000 to 9.42m tons in 2018, creating huge amounts...
Ant Group started Ant Forest initiative within its mobile payment platform, Alipay, in August 2016. The in-app program records Alipay users’ carbon emission reduction through living a greener lifestyle such as walking instead of driving, and making online payments and settlements instead of printing extra...
Central state-owned enterprise China Huaneng Group (CHNG), German conglomerate Siemens’ [SIE:GR] Siemens Energy Sector, and Qinzhou Municipal Government of Guangxi Zhuang Autonomous Region (GZAR) signed a framework agreement for offshore wind energy development in Beibu Gulf, northwest of the South China Sea, as reported by...
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