Moody's eyes China's ESG sector

Move to acquire stake in SynTao part of global firm's efforts to tap Chinese market

Global financial service providers are placing more weight on environmental, social and governance (ESG) elements in their development strategies in China, and the acceleration in the opening-up of the economy could bring in higher standards from outside the country.

Moody's Corp announced in late October that it would acquire "a minority stake" in SynTao Green Finance, a leading provider of ESG data and analytics based in and serving China.