Flora Wang

DIRECTOR OF SUSTAINABLE INVESTING, FIDELITY INTERNATIONAL

A recent Fidelity International survey finds that 93 per cent of surveyed Chinese corporates expect to have published an annual ESG report by 2026, highlighting that ESG reporting is soon to be the norm.
THE BOTTOM LINE

Chinese corporates are making strides in their ESG journey

As companies in Asia picks up the pace to catch up with global peers, China appears to be on the ESG fast track

Tesla electric vehicles are shown at a sales and service center in California. Tesla was removed from the S&P 500 ESG index this year.
COMMENTARY

ESG ratings are too simplistic

At the minimum, investors need 2 distinct ESG ratings of companies - 1 to reflect positive impact and a second the negative externalities.