Environmental, Social, and Governance, or ESG, is an international concept of sustainable development. The first section of this chapter traces the evolution and definition of the ESG concept, which includes corporate governance, social impact, and environmental preservation. The second section explores the evolution of ESG management in China, examining it from four angles: the necessity for enterprises to expand themselves, the demands of capital market investors, the worldwide trend towards sustainable development, and the Chinese government’s policy orientation.

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Introduction

  • Liang Liang,
  • Tao Ding,
  • Ruipeng Tan,
  • Malin Song

摘要

Environmental, Social, and Governance, or ESG, is an international concept of sustainable development. The first section of this chapter traces the evolution and definition of the ESG concept, which includes corporate governance, social impact, and environmental preservation. The second section explores the evolution of ESG management in China, examining it from four angles: the necessity for enterprises to expand themselves, the demands of capital market investors, the worldwide trend towards sustainable development, and the Chinese government’s policy orientation.