Green Development in China
17th Sep 2010 by Richard Gunawan
In the western media it is still seems fashionable to write unfavorably about China’s efforts to reduce carbon emission but the facts are beginning to tell a different story. China is aggressively developing a long-term plan towards sustainable energy.
Companies that fail to disclose their ESG performance will find it more difficult to obtain funds from institutional investors. Several pension funds, for example, consider climate change a key criterion and will exclude companies that cannot substantiate their environmental commitments.
The Code of Good Practice for product greenhouse gas (GHG) emissions and reduction claims has been developed by the Carbon Trust and Energy Saving Trust to promote the reduction of product life cycle GHG emissions.