Analysis of the Pain Points and Feasibility of ESG Concept Development in China

Abstract

With the global agenda for sustainable development advancing, the concept of Environment, Society, and Governance (ESG) has gained increasing attention in international capital markets.This article analyzes the current state of ESG development within China, discussing the main pain points faced by the ESG development, including the lack of unified standards and systems, insufficient corporate awareness, and inadequate policy guidance.It examines the implementation of the ESG concept in China, focusing on its feasibility in terms of policy support, corporate practice, and social impact.The article proposes suggestions to further promote and deepen the ESG concept, encouraging more companies to join ESG practices to collectively drive the green transformation and high-quality development of the economy and society.Additionally, it analyzes successful cases in China and offers practical policy recommendations based on these cases, aiming to facilitate a broader dissemination and implementation of the ESG concept in China, assisting in the countrys economic green transformation and high-quality development.