China: Decarbonising the Economy and Adhering to the ESG Principles
https://doi.org/10.21686/2073-1051-2021-3-192-205
Abstract
In China, as in other countries, ESG factors are becoming more and more important in the investment discourse and, in particular, in the reporting of public companies. However, if factor E (environmental) is actively discussed both within public companies and by the Chinese government, then reporting on factors S (social) and G (governance) is still in its infancy, since it must be borne in mind that the Chinese private sector is in in conjunction with the official rhetoric of the Chinese government, and the difference in the perception of social and managerial factors between Chinese business and Western companies determines the inconsistency of Chinese reporting with Western standards. This article analyzes the use of ESG principles by Chinese companies, the impact of decarbonization on China’s Belt and Road investment project, as well as China’s international cooperation on decarbonization and ESG principles.
About the Authors
S. A. Lukonin
Institute of World Economy and International Relations of the Russian Academy of Sciences
Russian Federation
Russian Federation
Lukonin Sergey A. – PhD in Economics, Head of the China Economy and Politics Sector
23, Profsoyuznaya Str., Moscow, 117997
B. A. Anosov
Institute of World Economy and International Relations of the Russian Academy of Sciences
Russian Federation
Russian Federation
Anosov Boris A. – Junior Researcher of the China Economy and Politics Sector
23, Profsoyuznaya Str., Moscow, 117997
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Review
For citations:
Lukonin S.A., Anosov B.A. China: Decarbonising the Economy and Adhering to the ESG Principles. Federalism. 2021;26(3):192-205. (In Russ.) https://doi.org/10.21686/2073-1051-2021-3-192-205
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