https://www.scmp.com/rss/512840/feed Yaqian (Zelda) Liang is an independent consultant on sustainable finance currently working for Inclusive Development International. She has worked for over 10 years with civil society organisations in China and globally to research and promote the development and implementation of improved environmental and social policies in Chinese overseas investment and finance. 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