{"id":8496,"date":"2024-05-27T15:45:27","date_gmt":"2024-05-27T07:45:27","guid":{"rendered":"https:\/\/www.greenpeace.org\/eastasia\/?p=8496"},"modified":"2024-05-29T15:50:08","modified_gmt":"2024-05-29T07:50:08","slug":"transparency-is-essential-for-net-zero-transition-greenpeace-east-asia-comment-on-china-corporate-sustainability-disclosures-regulation","status":"publish","type":"post","link":"https:\/\/www.greenpeace.org\/eastasia\/press\/8496\/transparency-is-essential-for-net-zero-transition-greenpeace-east-asia-comment-on-china-corporate-sustainability-disclosures-regulation\/","title":{"rendered":"Transparency is essential for net zero transition: Greenpeace East Asia comment on China corporate sustainability disclosures regulation"},"content":{"rendered":"\n

Beijing<\/strong> – China\u2019s Ministry of Finance has released a draft guideline<\/a> on corporate sustainability disclosures for consultation, and says it aims to create a nationwide system of standards by 2030.<\/p>\n\n

Greenpeace East Asia Beijing-based climate and energy campaigner Yuan Yuan (she\/her) said: <\/strong><\/p>\n\n

\u201cUnified disclosure standards would be a game-changer. When we talk about ambition, accountability, or even climate leadership \u2013 transparency is central to all of it. Chinese financial institutions frequently claim that a lack of unified standards for corporate disclosure and poor data availability hinders their ability to assess risk when it comes to climate change. This extends to becoming a hurdle in developing transition plans. Even between asset managers inside China, peer-to-peer visibility would be a major avenue to stronger ambition that is currently lacking. <\/p>\n\n

\u201cAs corporate disclosure improves, Chinese financial institutions will be one of the major benefactors. Now, there is insight into how corporates are responding to climate change. So, asset managers in particular should seize this opportunity. Asset managers should improve their requirements for corporations to disclose information. And asset managers themselves need to improve their own relevant disclosures of climate-related risks in their investment and financing activities related to corporations.<\/p>\n\n

\u201cIn the last couple of years, Chinese financial institutions are catching up to investors\u2019 interest in ESG investing. Chinese asset managers have begun offering dedicated \u2018net zero funds\u2019. Improving disclosure standards will ensure that these funds don\u2019t greenwash high-emissions assets or companies.\u201d <\/p>\n\n

In 2022, Greenpeace East Asia released an analysis<\/a> of China\u2019s 15 leading asset managers and 37 related mutual funds. Low willingness to disclose climate impact of assets under management was a consistent trend \u2013 11 of the 15 firms had not put forward any emissions info.<\/p>\n\n

END<\/strong><\/p>\n\n

For media enquiries please contact:<\/strong><\/p>\n\n

Qilin Liu, Greenpeace East Asia, Beijing, (qilin.liu@greenpeace.org)<\/p>\n\n

Greenpeace International Press Desk, pressdesk.int@greenpeace.org, +31 20 718 2470 (24 hours)<\/p>\n","protected":false},"excerpt":{"rendered":"

China\u2019s Ministry of Finance has released a draft guideline on corporate sustainability disclosures for consultation, and says it aims to create a nationwide system of standards by 2030.<\/p>\n","protected":false},"author":32,"featured_media":8489,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"p4_og_title":"","p4_og_description":"","p4_og_image":"","p4_og_image_id":"","p4_seo_canonical_url":"","p4_campaign_name":"","p4_local_project":"","p4_basket_name":"","p4_department":"","footnotes":""},"categories":[2],"tags":[6,100],"p4-page-type":[14],"class_list":["post-8496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-energy","tag-climate-impacts","tag-renewable-energy","p4-page-type-press"],"_links":{"self":[{"href":"https:\/\/www.greenpeace.org\/eastasia\/wp-json\/wp\/v2\/posts\/8496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.greenpeace.org\/eastasia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greenpeace.org\/eastasia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greenpeace.org\/eastasia\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greenpeace.org\/eastasia\/wp-json\/wp\/v2\/comments?post=8496"}],"version-history":[{"count":1,"href":"https:\/\/www.greenpeace.org\/eastasia\/wp-json\/wp\/v2\/posts\/8496\/revisions"}],"predecessor-version":[{"id":8498,"href":"https:\/\/www.greenpeace.org\/eastasia\/wp-json\/wp\/v2\/posts\/8496\/revisions\/8498"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.greenpeace.org\/eastasia\/wp-json\/wp\/v2\/media\/8489"}],"wp:attachment":[{"href":"https:\/\/www.greenpeace.org\/eastasia\/wp-json\/wp\/v2\/media?parent=8496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greenpeace.org\/eastasia\/wp-json\/wp\/v2\/categories?post=8496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greenpeace.org\/eastasia\/wp-json\/wp\/v2\/tags?post=8496"},{"taxonomy":"p4-page-type","embeddable":true,"href":"https:\/\/www.greenpeace.org\/eastasia\/wp-json\/wp\/v2\/p4-page-type?post=8496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}