News Analysis
With the explosive global growth in ESG (environmental, social, and governance) investing, also known as sustainable investing, it’s no exception in China where ESG funds are proliferating and there are even Canadian offerings. One of ESG’s confounding aspects, however, remains that those three criteria mean different things to different people and that China in particular has its own self-serving views on what qualifies, analysts say.
Financial securities regulators are trying to warn investors and educate them on what constitutes ESG, but they are silent on Beijing using the sustainable investment movement to push capital toward companies that assist the Chinese Communist Party (CCP) in achieving its objectives….