(Yicai Global) March 27 -- China Securities Regulatory Commission is considering requiring all publicly traded companies to disclose pollutant discharge information to promote the development of 'green finance,' said CSRC Vice Chairman Fang Xinghai.
The Ministry of Environmental Protection has made a list of high-priority enterprises for environmental regulation, Fang said at a Boao Forum for Asia session on March 25. Starting this year, all publicly traded groups included on the list will be have to include information on their emissions for the year in their annual report.
In a few years, investors will be able to track whether companies have made green improvements, he said. At a suitable time, institutional investors, such as mutual funds and pension funds, will be required to disclose the 'carbon contents' of products they invested in.
The securities regulator encourages the development of green financial product indexes, such as green stock indexes and green bond indexes, Fang said.
Bond issuance applications submitted by companies specializing in energy conservation, new energy, contract energy management and environment restoration businesses will be fast-tracked, and the review process will be expedited, he said.
A positive atmosphere allowing institutional investors in green financial products to obtain more reliable and higher returns should be created, he said. This would speed up the growth of green finance.