Carbon Disclosure Project survey of Chinese companies' climate change strategies
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Author: Guo Pei-yuan, Syntao
[Original article in Chinese. The Chinese companies that have completed the questionnaire or provided information in the polling process include:] Agile Property, Air China, Bank of China, China Merchants Bank, China Merchants Property Development, CNOOC, China Shenhua Energy, China Shipping Container Lines, China Shipping Development, China Mobile, CSG Holding, Foxconn, Great Wall Motor, Guangdong Electric Power Development, Huaneng Power International, Huaxin Cement, Industrial & Commercial Bank of China, Inner Mongolia Yitai, Masteel, Petro China, Shanghai Electric, Shanghai Forte Land, Shenzhen Expressway, Shanghai Petrochemical, Weiqiao Textile.
Author: Paul Dickenson, Carbon Disclosure Project and Guo Pei-yuan, Syntao
For the first time in 2008, CDP commissioned SynTao to organize the CDP China information request among the largest 100 Chinese listed companies. 5 companies answered the questionnaire, and a further 20 companies provided information. China Industrial Bank (CIB) and China Investment Corporation (CIC) joined CDP in 2008 as the first Chinese signatory investors…In “China’s National Climate Change Programme” 2007, the Chinese government…set up a target of a 20% reduction of energy consumption per unit GDP by 2010 (compared to 2005)… 80% of respondents indicate climate change will lead to regulation risks while 40% indicate physical risks will impact corporate operation. Others also address risks like customers’ demand for environmental products… Green procurement and green credit are two concepts that pressure Chinese companies to be better prepared for climate change through their value chains…[also refers to ICBC.]
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- Related companies: Industrial & Commercial Bank of China