The paper trails and audits are helping China battle greenwashing scourge.
Regulators and manufacturers intensify battle against greenwashing, a practice which could create disincentives for society to take decarbonisation and other sustainability actions seriously.
The following actions are made:
1. The mass balance approach enables large-scale chemical recycling, allowing chemical industry clients to use sustainable feedstocks.
2. Regulator in Hong Kong mandates ESG funds to disclose periodic evaluations of how they incorporate green factors into investment decisions.