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Final Reflections

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The essays in this symposium allow us to compare polices and practices in selected Asia-Pacific jurisdictions with respect to corporate ESG and especially climate change. Rapid regulatory changes have occurred just within the past few years. But so far such efforts do not seem to be having a significant impact on climate change problems.

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Promoting Social Responsibility through Ratings: China’s Corporate Social Credit System

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In the Western world, the regulatory approach to corporate social responsibility is facilitating and market-based, and the most commonly seen regulatory measure is disclosure. However, in China, the regulatory approach is state-centric and top-down.