The Ministry of Environmental Protection (MEP), in partnership with the China Securities Regulatory Commission (CSRC), launched the ‘Green Securities’ policy, which requires companies listed on the stock exchange to disclose more information about their environmental record. The policy was enhanced in 2008 by the issuance of the ‘Green IPO’ which requires enterprises in energy-intensive industries (Liang Gao industries) to undergo an environmental assessment by the MEP before initiating an IPO or obtaining refinancing from banks.
Industry sectors covered by the instrument
Organizations covered by the instrument
All companies listed on the Shanghai SE
Type of instrument
Mandatory or voluntary
The geographical scope