ESG Investing Frontiers Forum | ESG Vision and Prospect in the 14th Five-Year Period

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Author:CASVI

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ESG Investing Frontiers Forum | ESG Vision and Prospect in the 14th Five-Year Period

On February 26th, the 7th ESG Investing Frontiers Forum “ESG Vision and Prospect in the 14th Five-Year Period” was held in Beijing. The event was hosted by Mr. Yu Jiantuo, the vice secretary-general of China Development Research Foundation; Tu Guangshao, the adjunct professor at Shanghai Jiaotong University and the executive director of Shanghai Advanced Institute of Finance, Zhu Xufeng, executive director of the Institute for Global Sustainability of Tsinghua University, and Wang Xiaoshu, Head of Asia-Pacific Rigion of ESG Research Department of MSCI delivered speeches during the event.

According to Tu Guangshao, ESG investment in China has witnessed fast development in recent years. The scale of assets managed, proportion of disclosure, and ratings of enterprises are all improving.


He stressed four development trends of ESG investment during the 14th Five-Year Period.


First, ESG investment would be more vigorous and active. ESG investment fits the new development mindset proposed by China and the requirements of its new development stage, goes in line with the goal of co-building a community with a shared future for all mankind, coincides with the function of capital to promote enterprises’, industries’, and economic development. It is also closely related to investors’ basic interests.


Second, ESG investment system will be more sound and mature. In terms of system construction, the quality of ESG information disclosure in China and the efficiency of the alignment of international standards need to be further improved, and there is great room for the development of data and evaluation services. During the 14th Five-Year Period, ESG investment will be of larger scale and more institutions will devote themselves into it; the strategic structure will be more mature and reasonable; assets catalogue and product system will be more abundant.


Third, ESG investment in China will be more powerful and efficient with multi-parties taking part in. market will play the basic and decisive role in promoting ESG investment. ESG investment in China will be empowered by choices and drives of investors, core support of disclosure entities – enterprises, transmission and promotion of service institutions, guidance of supervisory authorities, and support from academic researches.


Fourth, ESG cooperation and interaction between China and the global community will be more active and constructive. China and the global community needs each other in promoting ESG investment. During the 14th Five-Year Period, constructive interactions between international standards and practical application in China, cooperation with international rating agencies, cooperation of cross-border investment, and international personnel and institutional cooperation will be more and more seen.


Zhu Xufeng said, the special plan regarding carbon dioxide emission peak and carbon neutrality of the 14th Five-Year Plan will also set the tone of the futer green development strategy. That means relative changes will occur in the industrial structure, energetic structure, investment structure and lifestyles. ESG will become an important tool for China to accelerate green development and green investment in the future.


According to Zhu Xufeng, in the future, Chinese ESG evaluation index system will be applied in two ways: one is to provide proof for the supervision of the central government; second is to provide cases to encourage local governments to learn from each other. The evaluation will also promote public and media scrutiny, and provide financial institutions, investors, and enterprise rating agencies with a reference.


Article classification: ESG Investing Frontiers

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