SHANGHAI, Nov. 08, 2024 — The “Universal ESG Standard,” China’s first green, high-quality, and sustainable corporate group standard, was unveiled on Nov. 7 at the “Brands Bring Better Future for the World — Global Forum for Brand Equity Strategists” held during the 7th China International Import Expo (CIIE) in Shanghai. This event marks a significant step forward in promoting the adoption of ESG principles among Chinese businesses.
The Shanghai Services Federation (SSF) initiated this group standard, with UESG China serving as the lead drafter. It was officially launched in May and jointly developed by over hundreds of global leading organizations, industry associations, and Fortune 500 companies and publicly listed corporations.
According to Tingxian Qu, CEO of UESG China, the standard utilizes a unified execution framework and a systematic, scientific evaluation methodology, which can identify and classify outstanding enterprises committed to green and sustainable development. UESG China has collaborated with various stakeholders to establish a universal ESG information disclosure platform, which covers enterprises with designated codes and publicly discloses excellent ESG information, in order to encourage other businesses to follow suit.
During the event, UESG China, along with the YRD BI&T Foundation, launched a public welfare fund dedicated to promoting universal ESG standards and an ESG Development Action Initiative, aiming to enhance corporate awareness of ESG. Furthermore, pianists Lang Lang and Gina Alice called on everyone to practice green and sustainable development through video messages.
The co-drafting units of the standard, including Li Auto, Nongfu Spring, ARROW, Didi Chuxing, Sinar Mas, ACCA, Siemens Healthineers, SF, 3M China, Bosch China, Shanghai Printing Industry Association, GCL, etc., have received the Annual Outstanding Case Awards.
UESG China is an international third-party ESG certification and information disclosure organization dedicated to establishing ESG standards that are aligned with China’s realities and ESG principles applicable to China. By providing comprehensive ESG services to enterprises to support their green transformation and sustainable development, the company aims to build a high-quality, green, harmonious, and sustainable world.
Source: UESG
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