https://www.scmp.com/rss/512839/feed Margaux Day is the policy director of Accountability Counsel, a global non-profit organisation that works with communities impacted by international finance to defend their rights through case support, policy advocacy, and research. Margaux provides advice to financial institutions on how to establish and maintain effective accountability mechanisms. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com It has been a year since the China Banking and Insurance Regulatory Commission (CBIRC) issued the Green Finance Guidelines, which stepped up requirements for Chinese banks and insurers to manage environmental, social and governance (ESG) risks, including by establishing complaint channels for affected communities. As we wrote at the time, this was a critical and, indeed, progressive step that would enable Chinese investors to better identify and address environmental and social risks that might... https://www.scmp.com/comment/opinion/article/3224501/chinas-new-financial-regulator-must-show-it-means-business-esg-risk-management?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3224501/chinas-new-financial-regulator-must-show-it-means-business-esg-risk-management?utm_source=rss_feed Sun, 18 Jun 2023 20:00:10 +0000 On June 1, Beijing issued green finance guidelines for Chinese financial institutions. Notably, Chinese banks and insurers are asked, for the first time, to establish grievance mechanisms to manage clients’ environmental, social and corporate governance (ESG) risks. This comes amid a global backlash against ESG investors, who are under fire for making hollow commitments amid increased regulatory and public pressure. Increasingly, investors are adopting grievance mechanisms to help them... https://www.scmp.com/comment/opinion/article/3181704/how-chinas-new-complaints-procedures-can-prevent-green-esg?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3181704/how-chinas-new-complaints-procedures-can-prevent-green-esg?utm_source=rss_feed Thu, 16 Jun 2022 04:30:25 +0000