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Financial institutions Taking Actions to Guide Capital towards Green and Low-carbon Industries in China
Meanwhile, the guidelines also encouraged the optimization of investment mechanism and the participation of social capital in green and low-carbon projects. Against the backdrop of fund managers' rising dedication in ESG investment strategies, leading institutions have independently constructed ESG-integrated research database and methodology.
Notably, E Fund has been enhancing its proprietary ESG rating framework to better align with A-shares market characteristics. The rating framework used a combination of quantitative and qualitative evaluation methods to evaluate portfolio companies' ESG performance from three aspects – environmental impact, environmental management and environmental opportunities. In addition, E Fund has published climate risk management framework to effectively monitor and manage the impacts of climate change on investees and investment portfolios.
Established in 2001, E Fund Management Co., Ltd. ("E Fund") is a leading comprehensive mutual fund manager in China with close to RMB 3.3 trillion ( US$ 454 billion ) under management. It offers investment solutions to onshore and offshore clients, helping clients achieve long-term sustainable investment performances. E Fund's clients include both individuals and institutions, ranging from central banks, sovereign wealth funds, social security funds, pension funds, insurance and reinsurance companies, to corporates and banks. It is a pioneer and leading practitioner in responsible investments in China and is widely recognized as one of the most trusted and outstanding Chinese asset managers.
Note: As at Jun 30, 2024 . AuM includes subsidiaries.
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