Recently, the Xiamen Municipal People's Government hosts a press conference to release the Chinese-English bilingual “Action Plan for Environmental, Social, and Governance (ESG) Development (2025–2027),” showcasing Xiamen's determination to enhance ESG capacity building, elevate its city branding, cultivate an ESG practice environment, and establish an ESG ecosystem.
The Action Plan adheres to the alignment of government guidance with market-driven forces, to a combination of global connection and local relevance, and to integrating focused priorities with phased system-wide deployment. Focusing on establishing a new paradigm for industrial green transition, developing new quality productive forces, forging fresh competitive edges in global collaboration, and unleashing innovative drivers for high-quality development, we work to formulate the "124" ESG Development Framework: One Goal: position Xiamen as a nationally leading city in ESG development; Two Systems: an ESG demonstration and best practices system, and an ESG market ecosystem; and Four Hubs: an ESG green industry hub, an ESG professional services hub, an ESG theoretical innovation hub, and an ESG talent hub.
The Action Plan highlights five distinctive features of capacity building, standard formulation, industrial linkage, digital empowerment, and brand development. It focuses on capacity building and tiered development framework of small, medium, and large enterprises, focuses on leading industries and builds an ESG standards system with global-local synergy, focuses on green innovation to drive the transformation and upgrading of industrial and supply chains; focuses on digital empowerment and promotes the high-level and high-efficiency ESG development, as well as focuses on brand building and creates a research services and talent hub.
