Therefore, in investment, the enterprises selected by ESG should not only examine the company's operation and profitability, but also conform to the characteristics of environmental protection, social responsibility and good corporate governance.
ESG investment originated in Europe and America. The first ESG fund in the United States was established in 197 1, and the first ESG index was established in 1990. ESG investment has been widely recognized in Europe and America.
Since 20 14, the scale of ESG asset management has increased by 25% every year. According to MSCI of Morgan Stanley Capital International, 57% of the global investment scale in the next five years will be driven or influenced by ESG strategy.
ESG investment started late in the domestic market, and the first ESG index (China Securities Governance Index) in the A-share market was released in 2005. In 2008, China issued the first truly social responsibility Public Offering of Fund-Xingye Global Social Responsibility Fund. After 20 10, the asset management scale of responsible investment funds began to increase substantially.
For our investors, ESG can be used for mine clearance and can better identify investment risks. The concept of ESG is to evaluate enterprises from the aspects of environmental protection, rational utilization of resources, pollution management, fulfilling social responsibilities and corporate governance. The higher the comprehensive score, the higher the rating of ESG, and the lower the rating of ESG. For example, on 20 16, the ESG Research Department of MSCI evaluated the corporate governance of Huishan Dairy and downgraded the ESG rating of the enterprise by one level. Soon after, due to the problem of capital chain,