Water pollution is one of the biggest environmental challenges that China currently faces. In this issue, we will examine the government's latest moves to tackle the pollution caused by industrial wastewater.
We will also ask whether companies that claim to differentiate themselves from their competitors by adopting best practices and maintaining a high reputation for their sustainability performance can ride out the changes and challenges that these will create.
In a broader context, China's banks are aligning their lending policies and other financial instruments with these government initiatives. It is therefore important for us to deepen our understanding of the efforts they are making to tackle pollutions; and to see whether these increasingly prominent players can do more to encourage greater positive changes.
Since 2007, Greenpeace has been highlighting the impact that the surging demand for palm oil is having on deforestation and climate change. Unilever, one of the world's biggest buyers of this commodity, agreed in May to support the call for an immediate moratorium on any expansion of palm oil production that would result in further deforestation.
Corporations are being engaged in a similar way in China. Our inaugural business lecture in Beijing brought the Chairman and CEO of The Coca-Cola Company and the Secretary General of the Chinese Refrigeration and Air-Conditioning Association together with Greenpeace representatives for an open dialogue about the potential for using natural refrigerants to fight global warming.
There is growing emphasis on environmental issues among companies and investors, and we will see how this is being reflected by stock prices in our IPO review column.