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Controlling Director’s Remarks at the Sina Finance 2022 ESG Global Leaders’ Summit







June 29, 2022











Esteemed delegates, ladies and gentlemen:
I would like to increase my wholehearted congratulations to Sina Finance for arranging the 2022 ESG Worldwide Leaders’ Summit. This Summit usually takes area in the context of considerable economic issues in a lot of countries close to the world—rising inflation, flagging growth, tighter financial circumstances, disruptive geopolitical developments, and the nonetheless-ongoing pandemic.
As we carry on to discover to adapt to, and prepare for, a a lot more shock-inclined world, we are guided by our shared world goals—and we concur these need to include carbon neutrality and sustainable growth. Raising numbers of debtors and traders have been looking to include environmental, social, and governance considerations into their finance choices and investment tactics. For our component, the IMF is working jointly with our membership and the intercontinental community to build a appropriate taxonomy for ESG economical devices. We are also offering on our local weather approach, aiding our member international locations, which includes China, take the policy actions necessary to meet their local weather goals—to slice emissions, boost resilience, obtain local climate finance, and make certain a just transition.
We commend China’s motivation to reach carbon neutrality before 2060. We also welcome China’s efforts to increase its inexperienced finance framework by further acquiring the environmentally friendly bond taxonomy, piloting the new information and facts sharing platforms, and enhancing environmental information and facts disclosures for corporates and monetary institutions.
Addressing climate transform calls for a holistic solution that integrates environmental, social and governance troubles as properly as ideal coverage incentives. This Summit and its notice to these concerns are very fitting and well timed.
With much gratitude, I wish you a greatly profitable Summit.



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