A leapfrog moment for China in ESG reporting

March 2021

A Leapfrog Moment for China in ESG Reporting, produced in collaboration with PwC China, was released by the World Economic Forum. According to the white paper, corporate environmental, social and governance (ESG) reporting in China is at an inflection point, with a surge of activities from regulators, exchanges, investors and corporate leaders.

Having experienced increasing demands for ESG reporting from investors, as well as several years of ESG reporting requirements from the Hong Kong Stock Exchange, China’s listed companies are increasingly familiar with both the challenges and benefits of ESG reporting. The conditions are right for a leapfrog moment for ESG reporting in China.

Six key insights

Drawing on WEF-convened workshops and interviews with ESG practitioners and other leaders from China’s business community, the white paper reveals six key insights from China’s ESG journey, and identifies the main drivers behind the ongoing improvement in both the quality and quantity of corporate ESG reporting in China, i.e. regulators, investors and policy-makers. These six key insights include:

  1. Board-level commitment
  2. Long-term growth and stakeholder interests
  3. Beyond traditional CSR
  4. Materiality – the relevance of ESG to achieving strategic goals
  5. Capacity-building and coordination
  6. Sustainability in supply chains

Contact us

Thomas Leung

Managing Partner - Markets, PwC China

Tel: +[86] (10) 6533 2838 / +[852] 2289 8288

Amy Cai

Mainland China and Hong Kong Managing Partner - One Firm Services, PwC China

Tel: +[86] (21) 2323 3698

Sammie Leung

Partner, PwC Hong Kong

Tel: +[852] 2289 3188

Ivy Kuo

Partner, PwC China

Tel: +[86] (21) 2323 8888