Home / Government / Central Government News Tools: Save | Print | E-mail | Most Read | Comment
Firms may have to reveal green details
Adjust font size:

The State Environmental Protection Administration (SEPA) is attempting to force Chinese companies, both listed and those waiting to be, to regularly reveal environmental information to the public.

Disclosure rules for listed companies could be finalized in the next six months, Ge Chazhong, an official affiliated with SEPA, told China Daily.

Environmental disclosure and inspection requirements have already been tightened for companies applying for their initial public offer (IPO) of shares.

Companies going public are required by China's existing securities regulations to guarantee disclosure of truthful environmental details together with financial records in IPOs 36 months prior to floating.

Deliberate or premeditated cover-ups risk administrative penalty and criminal conviction, according to regulations enacted in May 2006.

Ge said SEPA officials are now working on specific terms for compulsory corporate environmental disclosure for enterprises already listed.

He said he hopes for cooperation with the China Securities Regulatory Commission (CSRC) to develop a new set of regulations by mid-2008.

At a recent forum on environmental protection and financial service in Beijing, Ge criticized Chinese public companies for generally poor environmental disclosures containing only "qualitative descriptions" and "scant information".

Some 2006 annual reports included "just a few characters" or "a dozen or so characters" on their environmental responsibilities, he lamented.

But in future, SEPA and CSRC will seek to force public companies to provide detailed information in annual reports.

Proper environmental disclosure by publicly listed companies is a key issue because they feature among the country's largest enterprises and have an important bearing on the overall economy, Ge pointed out.

Companies may soon be forced to report key emission indexes, such as SO2 and CO2, and records and goals in energy efficiency and emission cuts, along with investment-related data.

If companies fail to comply with the Environmental Protection Law and government regulations, fail also to disclose their environmental performance or release false information, they will be subject to penalty by law and be blacklisted on government websites.

"Once the first draft comes out, we will start consulting with the CSRC and corporate representatives to revise for the final version," Ge told China Daily.

He also mentioned a study that found just half of 200 Chinese public companies included environmental details in their 2006 annual reports, with none specifying emissions data and pollution control investment.

Future mandatory environmental disclosure will, according to Ge, facilitate environmental law reinforcement and prompt people to duly weigh environmental factors in investment decisions.

(China Daily December 24, 2007)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- New Policies to Reinforce Environmental Protection
- SEPA to raise standards for water polluters
- Input on environmental protection hits record high
- Pilot project to assess environmental impact
- China to launch first environment monitoring satellite
Most Viewed >>
Questions and Answers More
Q: What kind of law is there in place to protect pandas?
A: In order to put the protection of giant pandas and other wildlife under the law, the Chinese government put the protection of rare animals and plants into the Constitution.
Useful Info
- Who's Who in China's Leadership
- State Structure
- China's Political System
- China's Legislative System
- China's Judicial System
- Mapping out 11th Five-Year Guidelines
Links
- Chinese Embassies
- International Department, Central Committee of CPC
- State Organs Work Committee of CPC
- United Front Work Department, Central Committee of CPC
主站蜘蛛池模板: 久久久久久国产精品免费免费| 人妻少妇看A偷人无码精品视频| 亚洲一区二区三区在线网站 | 国产精品人成在线观看| 久久人人爽人人爽人人片av麻烦| 欧美大片一区二区| 国产91精品新入口| 麻豆国产三级在线观看| 国产精品久久久久aaaa| 一级毛片在线完整观看| 欧美丰满熟妇BBB久久久| 午夜成人免费视频| 欧美日韩第三页| 寂寞山村恋瘦子的床全在线阅读| 亚洲人成在线影院| 精品无码综合一区二区三区| 国产精品久久一区二区三区| 99久久国产综合精品swag| 日本一本一道波多野结衣| 亚洲综合在线另类色区奇米| 精品久久久噜噜噜久久久| 四虎影院2019| 欧美精品综合一区二区三区| 国产精品电影在线| 一级一级女人真片| 探花国产精品三级在线播放| 亚洲午夜爱爱香蕉片| 精品韩国亚洲av无码不卡区| 国产欧美日韩亚洲| aaa一级毛片| 日本a级视频在线播放| 亚洲国产综合精品中文字幕| 波多野结衣xxxxx在线播放| 免费av一区二区三区| 精品亚洲综合在线第一区| 口工全彩无遮挡3d漫画在线| 色偷偷亚洲女人天堂观看欧| 国产精品国产三级国产专播下| 91热视频在线观看| 性感美女视频在线观看免费精品 | 亚洲aⅴ男人的天堂在线观看|