NGOs m88 live casino ESG

I.What are NGOs m88 live casino ESG?

NGOs m88 live casino ESG are two hot topics these days. An NGO refers to a non-governmental organization. In 2017, China promulgated the Law on Administration of Domestic Activities of Overseas NGOs in China, which opened a new era for international NGOs with respect to their activities in the country. ESG is an abbreviation of Environmental, Social m88 live casino Governance criteria, which is a set of investment philosophies m88 live casino evaluation criteria focused on how a company manages its relations with respect to the environment, society m88 live casino governance, rather than its financial performance.

II.What is the relation between NGOs m88 live casino ESG?

In general, NGOs play a crucial role in building ESG theories m88 live casino criteria. They set the business agenda for not only the environment m88 live casino sustainability, but also for human, labor m88 live casino animal rights, m88 live casino even corporate governance.

By constantly engaging with banks, insurers m88 live casino other investors m88 live casino applying pressure on leading corporations m88 live casino institutions to acknowledge the social m88 live casino environmental consequences of funding decisions, NGOs have ensured that institutional investment policies have evolved in step with their concerns. Without NGOs, today's mainstream acceptance of ESG would probably never have happened.

For example, Wild Aid promotes the now well-known slogan “No Trading, No Killing” m88 live casino Earth Hour is a global energy saving movement launched by the WWF (World Wildlife Fund) to address global climate change. There are now many reputable ESG rating agencies in the financial investment sector, such as CDP.

III.NGOs m88 live casino ESG in China

The Chinese government welcomes international NGOs. In the Letter of Congratulations to Civil Society 20 China 2016 (C20), President Xi Jinping pointed out that civil society plays a crucial role in promoting economic m88 live casino social development by attracting more citizens to participate in public affairs; the Chinese government would spare no efforts in supporting overseas NGOs to conduct friendly exchanges in China, providing convenience for NGOs’ activities, m88 live casino protecting their legal interests.

In practice, NGOs that focus on ESG matters are also encouraged. For example, the above mentioned WildAid m88 live casino WWF have set up their China representative offices in accordance with the Law on Administration of Domestic Activities of Overseas NGOs in China. Greenpeace, a global environment protection organization, carries out its activities in China by means of temporary activity filings. We believe that, with the increasing awareness of ESG in China, more m88 live casino more international NGOs will come to China.

In addition to the registration m88 live casino filing requirements, international NGOs shall abide by China’s local laws m88 live casino regulations, which can be particularly sensitive m88 live casino complicated in the area of ESG. For example, the 2021 cotton incident undertaken by the Swiss-based Better Cotton Initiative (BCI) faced a barrage of complaints in China. Therefore, international NGOs should pay special attention to Chinese local compliance m88 live casino customary rules, in order to win acceptance from the Chinese community m88 live casino further enhance their global reputation.

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