President Xi Jinping's green revolution has had an underwhelming start. It's nearly two years since China's leader pledged the country’s carbon dioxide emissions would peak before 2030 and reach neutrality, or net-zero, by 2060. The corporate sector has little progress to show as yet.
of seven local e-commerce companies. The lack of such data is a widespread problem for investors. While Chinese green-bond issuance more than doubled to $67 billion in 2021, per Dealogic, just 27% of A-share listed companies issued environmental, social and governance reports in 2020, according to JPMorgan.
that out of 58 listed SOEs responsible for more than 1 billion tonnes of annual emissions between them, just six have set an actual deadline for peak emissions, and three have a carbon neutrality target.Follow- April 22 is Earth Day, an annual event, first marked in the United States in 1970, for people to show their support for protecting the environment.
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China Inc has little to celebrate on Earth DayThe annual environment-focused event gives titans like Alibaba a chance to showcase decarbonisation efforts. But since President Xi Jinping's net-zero emissions pledge, there has been little progress from China's biggest polluters. Greenwashing risks becoming the corporate norm.
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