China's Corporate Environmental Credit System
In 2014, the central government of China announced a plan to create by 2020 a corporate environmental credit system (ECS), an incentive mechanism to deter companies’ environmental violations and promote a culture of environmental law compliance. The ECS was to be implemented at the provincial level, and by the end of 2020, all 31 provinces, provincial-level municipalities, and provincial-level autonomous regions (collectively “provinces”) of mainland China, with the exception of Beijing, had either published their own corporate environmental credit regulations or adopted in practice or