China Steps Up ESG Disclosure Requirements

Published on:
by KnowESG
KnowESG_ESG
Picture of the Chinese government introducing new regulations for companies on environmental, social, and governance (ESG) disclosure.

According to linkedin.com, China has increased its criteria for ESG disclosure requirements.

The country's banking and insurance regulators gave the strongest signal yet that promoting the green economy should be on the agendas of banks and insurers. The China Banking and Insurance Regulatory Commission came out with new suggestions for how banks and insurance companies can make plans, processes, and skills that will help them move toward a more sustainable future.

Typically, these policies change investors' duties to incorporate ESG factors into investment decisions and management as well as to consider beneficiary or client sustainability preferences. They must also report to their beneficiaries or clients.

According to sixthone.com, because the development of China's ESG market is in tandem with the development of the country's green finance market, discussing ESG policy is a no-no if the evolution of the country's green finance policies isn't kept in mind.

For more regulatory news

Source: Nasdaq

Share:
esg
esg
esg
esg

Regulators Headlines

NAIC Addresses ESG in Insurance

NAIC Addresses ESG in Insurance

Italy Seeks Feedback on New Sustainability Reporting

Italy Seeks Feedback on New Sustainability Reporting

BIBA Commits to Sustainable Future

ESG Gains Momentum Among British Manufacturers

CFA Institute: China's Green Dream Needs Skilled Hands

ULEZ Expansion Ads Off Air After False Green Claims

ESMA to Gain Authority in Green Ratings

Remilk's Sustainable Vegan Milk Debuts in Canada

ECB's New Climate Plan Signals Greener Policy

IESBA Seeks Feedback: Sustainable Ethics Consultation