MioTech: Early mover in China ESG data and analytics for investing, corporate reporting
- China
- 5 min read
- Sep 22, 2021
- By Wang Xiao'e
© MioTech
Hong Kong-based fintech uses AI technologies to monitor ESG data and risks in real time, turn unstructured data into reliable insights
A foreign asset manager had a mandate to invest $60bn in China but ended up allocating only $20bn as it could not get enough data to assess if its environmental, social and governance (ESG) targets would be met, in order to back its investment decisions.
This anecdote, which was shared by Jason Tu, the CEO and co-founder of Hong Kong-based fintech startup MioTech, is not new. Although ESG disclosure in China has been improving in recent years, less than 25% of companies listed in mainland China published their corporate social responsibility (CSR) reports in 2020.
Aware o...
The rest of the content is only available if you are logged in.
We pride ourselves on the accuracy of our information and reporting. Please help us by letting us know of any incomplete or inaccurate information on our website.
MOST VIEWED