Release of 20 Cases of Private Sector's Sustainable Development in China for 20 Years report

Ladies and gentlemen,  

Esteemed colleagues,  

Distinguished guests, 

Good Morning 

As we gather here to launch “20 Cases of Private Sector's Sustainable Development in China for 20 Years,” we stand at a significant moment in our journey toward achieving the Sustainable Development Goals (SDGs) by 2030.  

I am pleased to serve as one of the judges for this report, coinciding with the 20th anniversary of the Environmental, Social, and Governance (ESG) concept first popularized by the United Nations Global Compact.  

With just six years left to achieve the SDGs, now is the time for decisive action to confront our global challenges, from climate change to inequalities and inclusive economic growth. 

As the world’s second-largest economy, China now contributes nearly 18% of global GDP.  

This economic power brings with it substantial responsibilities and opportunities.  

This includes the commitment made by President Xi Jinping for China to see a peak in carbon emissions before 2030 and achieve carbon neutrality before 2060.  

Such a target cannot just be a national goal but an effort shaped by every sector of society. 

That is why the role of ESG principles has never been more critical.  

As we engage in these discussions around sustainability today, we recognize the transformative potential of the private sector.  

As UN Secretary-General António Guterres said, “The private sector is fundamental to forging the transformative change we need.”  

Here, Chinese enterprises are not only driving economic growth but are also pivotal in innovating sustainable solutions that impact both local communities and international markets. 

The report we are launching today showcases 20 best practices of how leading Chinese companies have worked to integrate sustainability into the core of their business strategies.  

From advancing renewable energy solutions to green manufacturing initiatives and poverty reduction efforts, these companies show that the private sector can be a force for good. 

This is not just good for the planet but good for business. 

For instance, in the last decade, China has become the world’s largest investor in renewable energy, with more than $100 billion invested annually, bringing about mutual benefits. 

Over 800 million people have been lifted out of extreme poverty in China since the 1980s, a feat largely driven by growth and innovation.  

Leveraging this transformative impact offers potential lessons for other nations, especially those in the Global South, seeking to reach sustainable development. 

As Chinese enterprises expand their global footprint, some also share their expertise, technology, and resources to drive positive change worldwide.  

The best practices showcased in this report offer a roadmap for businesses around the globe.  

Further engagement of the private sector in sustainability is not only essential for China but critical for achieving a more equitable, inclusive, and environmentally sustainable future. 

Today, we celebrate the success stories of Chinese enterprises that have made significant strides in sustainability. 

These case examples provide invaluable insights for all companies and should inspire us all. 

Let us explore corporate sustainability in China together and learn how these enterprises are making strides locally and setting benchmarks for global best practices in development. 

Thank you for your attention, and I look forward to our discussions today.