20 January 2019

China links corporate credit with green efforts, Xinhua says

China will use “environmental credits” to gauge companies’ pollution control efforts and influence the treatment they get in various social aspects, Xinhua news agency reported on Thursday. Under a trial guideline on corporate environmental credit evaluation, companies’ performance in following environment-related rules and fulfilling their duties in environmental protection will be rated and the results released as references for public supervision and decision-making by financial institutions when granting loans, the report said. The document was jointly released Thursday by the Ministry of Environmental Protection, the National Development and Reform Commission, the People’s Bank of China and the China Banking Regulatory Commission, it said.

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