ESG Risk Management and Compliance Practices in China

Abstract

In 2004, the United Nations released the “Who Cares Wins” report, in which the concept of Environment, Social Responsibility, Corporate Governance (ESG) was first introduced as an evaluation criterion and important reference for investment decisions and corporate the concept of ESG was first introduced in the report, and was used as an evaluation criterion and important reference for investment decisions, business operations and other activities. ESG, as a new concept to prevent social and environmental risks and promote sustainable development, is driving the continuous change of investment philosophy and investment approach in China’s capital market, and has become an issue that cannot be ignored by enterprises. At the same time, ESG compliance has also become an important special compliance area, putting forward new requirements for corporate compliance management.