BSR Insight | Roundtable Advances Sustainable Investment in China
BSR and the UN Principles for Responsible Investment co-hosted the first-ever sustainable investment event in China last week. More than 30 participants from Chinese and international investment institutions and government agencies joined the roundtable, which featured BSR's new report "Sustainable Investment in China 2009." Part of BSR's broader efforts to raise awareness of environmental, social, and governance (ESG) issues, the event provided a forum for participants to exchange perspectives and experiences.
Speaking at the event, Yan Zhu of Tsing Capital—a leading private equity firm in China— discussed how sustainable investment can serve as a powerful lever to influence corporate behavior and help financial institutions mitigate ESG risks.
"In 2008, the companies in our portfolio saved over 7 million tons of carbon and created 11,000 jobs. Many still have problems, which we try to identify during our pre-investment audit and put the required steps for them to rectify these into our investment document that they [portfolio companies] will address and be audited against each year."
—Yan Zhu, Principal, Tsing Capital (November 10, 2009)
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