26 ASIAN LEGAL BUSINESS CHINA • 亚洲法律杂志-中国版 JULY 2023 ESG The importance of environmental, social, and governance (ESG) factors in investment, financing, and M&A deals is gaining prominence and exerting significant influence on transaction negotiations, post-transaction operations, and more. In response, the number of lawyers specializing in this emerging field has been growing in China. In an interview with ALB, these lawyers discuss the ESG challenges that Chinese companies often face both domestically and abroad, as well as how lawyers in this field can enhance their expertise. BY HU YANGXIAOXIAO 环境、社会和治理(ESG)在投融资、并购交易中的重要性正不断凸显,并对交易洽谈、交割、后期 运营等环节产生重大影响。在中国,服务于ESG这一新兴领域的律师队伍因此不断壮大,他们分 享了中国企业在海内外常遇到的ESG挑战,以及该领域律师应如何“修炼内功”。作者:胡阳潇潇 INVESTING IN THE FUTURE “投资于未来” Governments, regulators, and investors in an increasing number of countries have started to recognize the significance of environmental, social, and governance (ESG) factors. As a result, many businesses have integrated ESG standards into their operations and development strategies, and Chinese companies are no exception. The concept of ESG originated in developed markets, and as Chinese enterprises accelerate their pace of globalization, they have inevitably encountered their “first ESG lesson” in overseas markets. According to He