China ESG - Weekly news update: Stock index giant MSCI to remove some Chinese stocks

Stock index giant MSCI to remove some Chinese stocks under U.S. pressure

MSCI, one of the largest stock index companies in the world, announced Tuesday that it would remove 10 Chinese securities from its indexes. The announcement follows similar moves by S&P Dow Jones Indices, FTSE Russell and U.S.-based trading app Robinhood to limit customers’ exposure to the affected Chinese stocks. The seven companies that MSCI plans to delete from its global investable market indexes are: chipmaker SMIC, video surveillance company Hikvision, railway manufacturers CRRC and China Railway Construction, supercomputer company Dawning Information Industry, infrastructure developer China Communication Construction and satellite manufacturer China Spacesat. Subsidiaries and affiliates are not affected, MSCI said. The removals do not necessarily include both the Hong Kong and mainland Chinese listings, and represent a tiny fraction of a percent of the major MSCI indexes.

Source: CNBC

Haitong International First Announces Net Zero Carbon Emissions Target among all HK Financial Institutions

Haitong International Securities Group Limited ("Haitong International", Stock Code: 665.HK) recently published its first Haitong International ESG (Environmental, Social and Governance) Statement, pledging to achieve Carbon Neutrality by the end of 2025 with ESG practices implemented to promote Energy Conservation and Sustainable Finance. This is the first publicized commitment for Carbon Neutrality in Hong Kong financial circle, 25 years ahead of the city's target.

Source: CISION

Sustainalytics’ CEO Michael Jantzi Appointed to the SASB Foundation Board

Sustainalytics, a Morningstar Company and a globally-recognized provider of ESG research, ratings and data, today announced its Chief Executive Officer Michael Jantzi has been appointed to serve on the Board of Directors of the Sustainability Accounting Standards Board (SASB) Foundation. As a Board Director, Jantzi will contribute to overseeing the strategy, finances, and operations of the organization, appointing members to the SASB Standards Board, and providing oversight of the Standards Board’s due process.

Before serving as CEO of Sustainalytics, Michael Jantzi was the founder of Jantzi Research. Active in the responsible investment field since 1990, Jantzi is a thought leader on sustainable investment and corporate social responsibility issues. In 2012 and 2020, Michael was named one of Canada’s “Clean50” leaders, and in 2020 he was also awarded the prestigious Canada “Clean16” award for his significant contributions to the causes of sustainability and clean capitalism in Canada. Jantzi currently serves on the Board of Directors of the Principles for Responsible Investment and MakeWay.

Source: Sustainalytics

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