Huatai Securities Co., Ltd. (601688.CH; 6886.HK) sponsored the “One Yangtze” Sustainable Development Forum in Beijing, to encourage communication between the capital market and ecological environment protection field. Representatives from the Ministry of Ecology and Environment (MEE), National Forestry and Grassland Administration, Shanghai Stock Exchange, Peking University, Chinese Academy of Sciences, together with representatives from ecological environment organizations and the financial industry, jointly explored the ecological environment access in ESG investment to improve the application of data in order to promote sustainable development.
In recent years, many investment projects have caused damages on the ecological environment and biodiversity. Although under the supervision of environmental protection departments, many of these projects resulted in forced suspensions due to strong opposition and backlash from civil organizations and mounting media scrutiny. These projects have caused not only significant economic losses to the financial industry, but have also severely impacted the reputations of certain institutions. ESG – a sustainable investment concept centered on the Environment, Society and Governance – has been attracting increasing levels of attention, as the society has reached a consensus in regard to green development. Read more…..
Chart of the Day
The Philippines is currently focusing on ramping up testing for the coronavirus and gradually reopening its public transport system safely, says Karl Kendrick Chua, acting secretary for the country’s National Economic and Development Authority.