Norges Bank Investment Management suggests Chinese firms would benefit from ESG guidance that refers to recognised international frameworks.
The world’s largest sovereign wealth fund has told China its requirements for corporate ESG reporting could be better.
In a letter addressed to the China Securities Regulatory Commission, Norges Bank Investment Management offers a welcome to proposals published in a recent consultation documents, but then tells China there is more to be done, and some of that could be achieved with a reporting regime like the G20’s Task Force on Climate-related Financial Disclosures (TCFD) guidelines.
“We believe that companies would benefit from more detailed guidance,” Norges Bank says. “Such guidance could refer to recognised international
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