The support of the private sector is crucial to achieving the Sustainable Development Goals (SDGs) and safeguarding the future of both humanity and the planet. In particular, operating in one of the largest economies in the world, the potential impact that companies in China could have on advancing the SDGs is undeniable. Therefore, clearly identifying the obstacles and progress made by enterprises in China in adopting sustainable businesses practices is essential for policymakers to craft public policies targeting green development and SDG achievement.

This report is the second edition of a series produced jointly by UNDP, PwC and CCOIC examining the current landscape of actions being taken to advance SDGs by enterprises in China across different industries. The first report was published in 2020 and based on a survey from 2019. This year’s iteration is based on results from an online survey of 117 companies as well as 12 in-depth interviews conducted from June to July of 2021.

It has a special focus on how companies are adapting to the changing policy environment following the announcement of China’s goal to reach peak carbon emissions before 2030 and carbon neutrality before 2060.

In particular, it discerns action points, identifies ready-to-use toolkits, and provides step-by-step instructions for business leaders to realize a low-carbon transition and sustainable development. It also addresses the kind of support that is needed from policymakers and regulators for companies operating in China.