Extending Our Horizons:
Business and ESG Integration in China

Both inside and outside of China, the landscape for Environmental, Social, and Corporate Governance (ESG) compliance is quickly shifting. All signs point to ESG becoming an increasingly core component of business operations and strategy for companies across all sectors. Maintaining responsible business conduct (RBC) is, at the same time, becoming more complex. Companies can increasingly be exposed to risks if they do not stay on top of changes to both regulatory and social expectations in their operating environment.

Risk profile has skyrocketed for foreign business in China, where regulatory frameworks have started to include RBC factors. Within China, ESG awareness and reporting is growing, driven in part by the need to accelerate China’s low-carbon economy transition. Chinese customers are also demanding greater transparency about the sustainability of the products they are sourcing. Further, China’s government views sustainable development as both a domestic growth issue and an opportunity to enhance its global image. Canadian firms must understand the differing ESG requirements between their home market and China.

Authored by PwC China and commissioned by the Canada China Business Council (CCBC), Extending our Horizons: Business and ESG Integration in China is a new report designed to help Canadian companies become better prepared to comply with evolving ESG and RBC standards. Given the fast evolution of the ESG regulatory and market environment in China, it is essential for Canadian companies operating in China or sourcing from China to keep monitoring this development and associated trends. 

For more information on this report, please contact Alyssa Dalton, Director of Communications, at communications@ccbc.com.