Smaller Chinese firms see green objective
Almost a third of medium-sized Chinese companies consider having a sustainable impact on the community and environment as one of their top three long-term objectives, an HSBC survey has found.
The proportion is slightly above the global average of 30 percent, HSBC said in a report yesterday.
More than half of the surveyed Chinese firms said sustainable business practices will improve their growth and profitability, while 34 percent of the companies believed becoming a more sustainable business would contribute to improving their financial performance over the next three years, the survey found.
The survey covered more than 1,400 decision-makers at companies with between 200 and 2,000 employees across 14 countries and regions.
The growing green awareness of companies echoes with Chinese authorities’ determination to protect environment.
China’s economic development has entered a new era and the basic feature is that the economy has shifted from high-speed growth to a stage of high-quality development, according to a statement issued last week after the annual Central Economic Work Conference.