Chinese firms are laggards in climate disclosures, but not for long: asset manager

Quick Summary:

Cosco Shipping, Air China, CCB and ICBC land on a divestment list for the second year in a row, but impending regulatory tightening will move the needle, LGIM says.

CCB and ICBC have no policies on financing coal mining and usage, and failed to disclose emissions associated with their financing activities, while China Resources Building Materials and Air China have no emissions reduction targets in place, according to LGIM.

These mandate that more than 400 listed companies – accounting for more than half of the market value in China’s exchanges – must publish sustainability reports covering their emissions and decarbonisation plans by 2026.

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Article Details

Author / Journalist: Eric Ng

Category: Business

Markets: Hong KongAustraliaBrazilChinaJapanSingapore

Topics: Lgim China Disclosures Year Emissions Last Standards Climate Sectors Companies China’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-01 @ 16:30:28 (4 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 787 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21439268

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