ESG & Investing
China’s $1.4 Trillion Wealth Fund Backs ESG as US Divisions Grow
- Beijing pushes companies, funds to adopt ESG principles
- State-owned shares jump as they follow government lead
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In the US, ESG has become a political wedge issue. In China, it’s a national rallying cry.
“Environmental, social responsibility and governance,” according to a promotional documentary running on Chinese state media, is a way of “using the power of corporations to achieve a more beautiful society.”