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
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ENVIRONMENTAL, social and governance (ESG) issues have increasingly been gaining traction among Chinese investors, corporates and policymakers as China shifts towards an economic development model focused on quality and sustainability.
A recent Fidelity International survey aiming to understand how Chinese companies develop and implement their ESG strategies found 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. This is an important signal and a good sign for any long-term investor in China as we believe such factors will have an impact on long-term value creation.
Market forces driving change
While there are many factors driving Chinese companies’ ESG adoption, the survey results from our recent research report, ESG priorities in China: How companies in China are approaching ESG, showed that customer and investor expectations are the top two drivers of corporate ESG strategy development.
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