id	sid	tid	token	lemma	pos
fbem-7131	1	1	frontiers	frontier	NOUN
fbem-7131	1	2	in	in	ADP
fbem-7131	1	3	business	business	NOUN
fbem-7131	1	4	,	,	PUNCT
fbem-7131	1	5	economics	economic	NOUN
fbem-7131	1	6	and	and	CCONJ
fbem-7131	1	7	management	management	NOUN
fbem-7131	1	8	issn	issn	PROPN
fbem-7131	1	9	:	:	PUNCT
fbem-7131	1	10	2766	2766	NUM
fbem-7131	1	11	-	-	PUNCT
fbem-7131	1	12	824x	824x	NUM
fbem-7131	1	13	|	|	ADJ
fbem-7131	1	14	vol	vol	NOUN
fbem-7131	1	15	.	.	PROPN
fbem-7131	1	16	8	8	NUM
fbem-7131	1	17	,	,	PUNCT
fbem-7131	1	18	no	no	INTJ
fbem-7131	1	19	.	.	NOUN
fbem-7131	1	20	2	2	NUM
fbem-7131	1	21	,	,	PUNCT
fbem-7131	1	22	2023	2023	NUM
fbem-7131	1	23	143	143	NUM
fbem-7131	1	24	comparative	comparative	ADJ
fbem-7131	1	25	analysis	analysis	NOUN
fbem-7131	1	26	of	of	ADP
fbem-7131	1	27	esg	esg	PROPN
fbem-7131	1	28	information	information	NOUN
fbem-7131	1	29	disclosures	disclosure	VERB
fbem-7131	1	30	yiheng	yiheng	PROPN
fbem-7131	1	31	guo1	guo1	PROPN
fbem-7131	1	32	,	,	PUNCT
fbem-7131	1	33	2	2	NUM
fbem-7131	1	34	,	,	PUNCT
fbem-7131	1	35	aza	aza	PROPN
fbem-7131	1	36	azlina	azlina	NOUN
fbem-7131	1	37	md	md	PROPN
fbem-7131	1	38	kassim1	kassim1	PROPN
fbem-7131	1	39	,	,	PUNCT
fbem-7131	1	40	kai	kai	PROPN
fbem-7131	1	41	zhang1	zhang1	PROPN
fbem-7131	1	42	,	,	PUNCT
fbem-7131	1	43	*	*	PUNCT
fbem-7131	1	44	1graduate	1graduate	NUM
fbem-7131	1	45	school	school	NOUN
fbem-7131	1	46	of	of	ADP
fbem-7131	1	47	management	management	NOUN
fbem-7131	1	48	,	,	PUNCT
fbem-7131	1	49	postgraduate	postgraduate	NOUN
fbem-7131	1	50	centre	centre	NOUN
fbem-7131	1	51	,	,	PUNCT
fbem-7131	1	52	management	management	NOUN
fbem-7131	1	53	&	&	CCONJ
fbem-7131	1	54	science	science	PROPN
fbem-7131	1	55	university,40100	university,40100	PROPN
fbem-7131	1	56	,	,	PUNCT
fbem-7131	1	57	selangor	selangor	PROPN
fbem-7131	1	58	,	,	PUNCT
fbem-7131	1	59	malaysia	malaysia	PROPN
fbem-7131	1	60	2school	2school	NUM
fbem-7131	1	61	of	of	ADP
fbem-7131	1	62	finance	finance	NOUN
fbem-7131	1	63	and	and	CCONJ
fbem-7131	1	64	accounting	accounting	NOUN
fbem-7131	1	65	,	,	PUNCT
fbem-7131	1	66	henan	henan	PROPN
fbem-7131	1	67	university	university	PROPN
fbem-7131	1	68	of	of	ADP
fbem-7131	1	69	animal	animal	NOUN
fbem-7131	1	70	husbandry	husbandry	NOUN
fbem-7131	1	71	and	and	CCONJ
fbem-7131	1	72	economy	economy	NOUN
fbem-7131	1	73	,	,	PUNCT
fbem-7131	1	74	450000	450000	NUM
fbem-7131	1	75	,	,	PUNCT
fbem-7131	1	76	zhengzhou	zhengzhou	PROPN
fbem-7131	1	77	,	,	PUNCT
fbem-7131	1	78	henan	henan	PROPN
fbem-7131	1	79	,	,	PUNCT
fbem-7131	1	80	china	china	PROPN
fbem-7131	1	81	.	.	PUNCT
fbem-7131	2	1	*	*	PUNCT
fbem-7131	2	2	corresponding	correspond	VERB
fbem-7131	2	3	author	author	NOUN
fbem-7131	2	4	:	:	PUNCT
fbem-7131	2	5	kai	kai	PROPN
fbem-7131	2	6	zhang	zhang	PROPN
fbem-7131	2	7	(	(	PUNCT
fbem-7131	2	8	email:417675502@qq.com	email:417675502@qq.com	ADJ
fbem-7131	2	9	)	)	PUNCT
fbem-7131	2	10	abstract	abstract	NOUN
fbem-7131	2	11	:	:	PUNCT
fbem-7131	2	12	esg	esg	PROPN
fbem-7131	2	13	is	be	AUX
fbem-7131	2	14	a	a	DET
fbem-7131	2	15	framework	framework	NOUN
fbem-7131	2	16	for	for	ADP
fbem-7131	2	17	the	the	DET
fbem-7131	2	18	disclosure	disclosure	NOUN
fbem-7131	2	19	of	of	ADP
fbem-7131	2	20	non	non	ADJ
fbem-7131	2	21	-	-	ADJ
fbem-7131	2	22	financial	financial	ADJ
fbem-7131	2	23	information	information	NOUN
fbem-7131	2	24	about	about	ADP
fbem-7131	2	25	companies	company	NOUN
fbem-7131	2	26	,	,	PUNCT
fbem-7131	2	27	an	an	DET
fbem-7131	2	28	investment	investment	NOUN
fbem-7131	2	29	philosophy	philosophy	NOUN
fbem-7131	2	30	and	and	CCONJ
fbem-7131	2	31	corporate	corporate	ADJ
fbem-7131	2	32	evaluation	evaluation	NOUN
fbem-7131	2	33	criteria	criterion	NOUN
fbem-7131	2	34	that	that	PRON
fbem-7131	2	35	focuses	focus	VERB
fbem-7131	2	36	on	on	ADP
fbem-7131	2	37	non	non	ADJ
fbem-7131	2	38	-	-	ADJ
fbem-7131	2	39	financial	financial	ADJ
fbem-7131	2	40	performance	performance	NOUN
fbem-7131	2	41	.	.	PUNCT
fbem-7131	3	1	esg	esg	NOUN
fbem-7131	3	2	ratings	rating	NOUN
fbem-7131	3	3	are	be	AUX
fbem-7131	3	4	a	a	DET
fbem-7131	3	5	key	key	ADJ
fbem-7131	3	6	part	part	NOUN
fbem-7131	3	7	of	of	ADP
fbem-7131	3	8	esg	esg	PROPN
fbem-7131	3	9	development	development	NOUN
fbem-7131	3	10	,	,	PUNCT
fbem-7131	3	11	and	and	CCONJ
fbem-7131	3	12	the	the	DET
fbem-7131	3	13	current	current	ADJ
fbem-7131	3	14	number	number	NOUN
fbem-7131	3	15	of	of	ADP
fbem-7131	3	16	global	global	ADJ
fbem-7131	3	17	esg	esg	PROPN
fbem-7131	3	18	rating	rating	NOUN
fbem-7131	3	19	agencies	agency	NOUN
fbem-7131	3	20	,	,	PUNCT
fbem-7131	3	21	with	with	ADP
fbem-7131	3	22	very	very	ADV
fbem-7131	3	23	different	different	ADJ
fbem-7131	3	24	backgrounds	background	NOUN
fbem-7131	3	25	and	and	CCONJ
fbem-7131	3	26	divergent	divergent	ADJ
fbem-7131	3	27	ratings	rating	NOUN
fbem-7131	3	28	,	,	PUNCT
fbem-7131	3	29	makes	make	VERB
fbem-7131	3	30	it	it	PRON
fbem-7131	3	31	difficult	difficult	ADJ
fbem-7131	3	32	to	to	PART
fbem-7131	3	33	generate	generate	VERB
fbem-7131	3	34	consensus	consensus	NOUN
fbem-7131	3	35	on	on	ADP
fbem-7131	3	36	the	the	DET
fbem-7131	3	37	ratings	rating	NOUN
fbem-7131	3	38	of	of	ADP
fbem-7131	3	39	the	the	DET
fbem-7131	3	40	same	same	ADJ
fbem-7131	3	41	subject	subject	NOUN
fbem-7131	3	42	.	.	PUNCT
fbem-7131	4	1	therefore	therefore	ADV
fbem-7131	4	2	,	,	PUNCT
fbem-7131	4	3	on	on	ADP
fbem-7131	4	4	the	the	DET
fbem-7131	4	5	basis	basis	NOUN
fbem-7131	4	6	of	of	ADP
fbem-7131	4	7	sorting	sort	VERB
fbem-7131	4	8	out	out	ADP
fbem-7131	4	9	the	the	DET
fbem-7131	4	10	situation	situation	NOUN
fbem-7131	4	11	of	of	ADP
fbem-7131	4	12	11	11	NUM
fbem-7131	4	13	famous	famous	ADJ
fbem-7131	4	14	esg	esg	NOUN
fbem-7131	4	15	rating	rating	NOUN
fbem-7131	4	16	agencies	agency	NOUN
fbem-7131	4	17	and	and	CCONJ
fbem-7131	4	18	comparing	compare	VERB
fbem-7131	4	19	and	and	CCONJ
fbem-7131	4	20	analyzing	analyze	VERB
fbem-7131	4	21	the	the	DET
fbem-7131	4	22	esg	esg	NOUN
fbem-7131	4	23	evaluation	evaluation	NOUN
fbem-7131	4	24	system	system	NOUN
fbem-7131	4	25	of	of	ADP
fbem-7131	4	26	each	each	DET
fbem-7131	4	27	rating	rating	NOUN
fbem-7131	4	28	agency	agency	NOUN
fbem-7131	4	29	,	,	PUNCT
fbem-7131	4	30	the	the	DET
fbem-7131	4	31	study	study	NOUN
fbem-7131	4	32	found	find	VERB
fbem-7131	4	33	that	that	SCONJ
fbem-7131	4	34	china	china	PROPN
fbem-7131	4	35	's	's	PART
fbem-7131	4	36	existing	exist	VERB
fbem-7131	4	37	esg	esg	NOUN
fbem-7131	4	38	rating	rating	NOUN
fbem-7131	4	39	system	system	NOUN
fbem-7131	4	40	has	have	VERB
fbem-7131	4	41	core	core	NOUN
fbem-7131	4	42	problems	problem	NOUN
fbem-7131	4	43	such	such	ADJ
fbem-7131	4	44	as	as	ADP
fbem-7131	4	45	poor	poor	ADJ
fbem-7131	4	46	quality	quality	NOUN
fbem-7131	4	47	of	of	ADP
fbem-7131	4	48	information	information	NOUN
fbem-7131	4	49	disclosure	disclosure	NOUN
fbem-7131	4	50	,	,	PUNCT
fbem-7131	4	51	inconsistent	inconsistent	ADJ
fbem-7131	4	52	esg	esg	NOUN
fbem-7131	4	53	rating	rating	NOUN
fbem-7131	4	54	results	result	NOUN
fbem-7131	4	55	and	and	CCONJ
fbem-7131	4	56	imperfect	imperfect	ADJ
fbem-7131	4	57	esg	esg	PROPN
fbem-7131	4	58	ecosystem	ecosystem	NOUN
fbem-7131	4	59	,	,	PUNCT
fbem-7131	4	60	and	and	CCONJ
fbem-7131	4	61	accordingly	accordingly	ADV
fbem-7131	4	62	put	put	VERB
fbem-7131	4	63	forward	forward	ADV
fbem-7131	4	64	several	several	ADJ
fbem-7131	4	65	suggestions	suggestion	NOUN
fbem-7131	4	66	for	for	ADP
fbem-7131	4	67	china	china	PROPN
fbem-7131	4	68	's	's	PART
fbem-7131	4	69	future	future	PROPN
fbem-7131	4	70	esg	esg	PROPN
fbem-7131	4	71	development	development	NOUN
fbem-7131	4	72	.	.	PUNCT
fbem-7131	5	1	keywords	keyword	NOUN
fbem-7131	5	2	:	:	PUNCT
fbem-7131	5	3	esg	esg	NOUN
fbem-7131	5	4	ratings	rating	NOUN
fbem-7131	5	5	,	,	PUNCT
fbem-7131	5	6	information	information	NOUN
fbem-7131	5	7	disclosure	disclosure	NOUN
fbem-7131	5	8	,	,	PUNCT
fbem-7131	5	9	rating	rating	NOUN
fbem-7131	5	10	agencies	agency	NOUN
fbem-7131	5	11	.	.	PUNCT
fbem-7131	6	1	1	1	X
fbem-7131	6	2	.	.	X
fbem-7131	6	3	research	research	NOUN
fbem-7131	6	4	background	background	NOUN
fbem-7131	6	5	and	and	CCONJ
fbem-7131	6	6	significance	significance	NOUN
fbem-7131	6	7	as	as	SCONJ
fbem-7131	6	8	the	the	DET
fbem-7131	6	9	global	global	ADJ
fbem-7131	6	10	environmental	environmental	ADJ
fbem-7131	6	11	situation	situation	NOUN
fbem-7131	6	12	becomes	become	VERB
fbem-7131	6	13	increasingly	increasingly	ADV
fbem-7131	6	14	serious	serious	ADJ
fbem-7131	6	15	,	,	PUNCT
fbem-7131	6	16	environmental	environmental	ADJ
fbem-7131	6	17	and	and	CCONJ
fbem-7131	6	18	ecological	ecological	ADJ
fbem-7131	6	19	issues	issue	NOUN
fbem-7131	6	20	are	be	AUX
fbem-7131	6	21	gradually	gradually	ADV
fbem-7131	6	22	attracting	attract	VERB
fbem-7131	6	23	the	the	DET
fbem-7131	6	24	attention	attention	NOUN
fbem-7131	6	25	of	of	ADP
fbem-7131	6	26	the	the	DET
fbem-7131	6	27	international	international	ADJ
fbem-7131	6	28	community	community	NOUN
fbem-7131	6	29	,	,	PUNCT
fbem-7131	6	30	and	and	CCONJ
fbem-7131	6	31	investors	investor	NOUN
fbem-7131	6	32	are	be	AUX
fbem-7131	6	33	beginning	begin	VERB
fbem-7131	6	34	to	to	PART
fbem-7131	6	35	realize	realize	VERB
fbem-7131	6	36	that	that	SCONJ
fbem-7131	6	37	the	the	DET
fbem-7131	6	38	environmental	environmental	ADJ
fbem-7131	6	39	performance	performance	NOUN
fbem-7131	6	40	of	of	ADP
fbem-7131	6	41	investment	investment	NOUN
fbem-7131	6	42	targets	target	NOUN
fbem-7131	6	43	may	may	AUX
fbem-7131	6	44	have	have	VERB
fbem-7131	6	45	an	an	DET
fbem-7131	6	46	impact	impact	NOUN
fbem-7131	6	47	on	on	ADP
fbem-7131	6	48	economic	economic	ADJ
fbem-7131	6	49	returns	return	NOUN
fbem-7131	6	50	,	,	PUNCT
fbem-7131	6	51	and	and	CCONJ
fbem-7131	6	52	corporate	corporate	ADJ
fbem-7131	6	53	environmental	environmental	ADJ
fbem-7131	6	54	performance	performance	NOUN
fbem-7131	6	55	is	be	AUX
fbem-7131	6	56	gradually	gradually	ADV
fbem-7131	6	57	becoming	become	VERB
fbem-7131	6	58	one	one	NUM
fbem-7131	6	59	of	of	ADP
fbem-7131	6	60	the	the	DET
fbem-7131	6	61	references	reference	NOUN
fbem-7131	6	62	for	for	ADP
fbem-7131	6	63	judging	judge	VERB
fbem-7131	6	64	the	the	DET
fbem-7131	6	65	value	value	NOUN
fbem-7131	6	66	of	of	ADP
fbem-7131	6	67	investments[1	investments[1	PRON
fbem-7131	6	68	]	]	PUNCT
fbem-7131	6	69	.	.	PUNCT
fbem-7131	7	1	at	at	ADP
fbem-7131	7	2	the	the	DET
fbem-7131	7	3	same	same	ADJ
fbem-7131	7	4	time	time	NOUN
fbem-7131	7	5	,	,	PUNCT
fbem-7131	7	6	social	social	ADJ
fbem-7131	7	7	issues	issue	NOUN
fbem-7131	7	8	such	such	ADJ
fbem-7131	7	9	as	as	ADP
fbem-7131	7	10	the	the	DET
fbem-7131	7	11	gap	gap	NOUN
fbem-7131	7	12	between	between	ADP
fbem-7131	7	13	rich	rich	ADJ
fbem-7131	7	14	and	and	CCONJ
fbem-7131	7	15	poor	poor	ADJ
fbem-7131	7	16	,	,	PUNCT
fbem-7131	7	17	labour	labour	NOUN
fbem-7131	7	18	and	and	CCONJ
fbem-7131	7	19	employment	employment	NOUN
fbem-7131	7	20	,	,	PUNCT
fbem-7131	7	21	food	food	NOUN
fbem-7131	7	22	security	security	NOUN
fbem-7131	7	23	,	,	PUNCT
fbem-7131	7	24	as	as	ADV
fbem-7131	7	25	well	well	ADV
fbem-7131	7	26	as	as	ADP
fbem-7131	7	27	regional	regional	ADJ
fbem-7131	7	28	and	and	CCONJ
fbem-7131	7	29	global	global	ADJ
fbem-7131	7	30	financial	financial	ADJ
fbem-7131	7	31	crises	crisis	NOUN
fbem-7131	7	32	,	,	PUNCT
fbem-7131	7	33	are	be	AUX
fbem-7131	7	34	forcing	force	VERB
fbem-7131	7	35	issues	issue	NOUN
fbem-7131	7	36	such	such	ADJ
fbem-7131	7	37	as	as	ADP
fbem-7131	7	38	social	social	ADJ
fbem-7131	7	39	responsibility	responsibility	NOUN
fbem-7131	7	40	and	and	CCONJ
fbem-7131	7	41	social	social	ADJ
fbem-7131	7	42	value	value	NOUN
fbem-7131	7	43	creation	creation	NOUN
fbem-7131	7	44	,	,	PUNCT
fbem-7131	7	45	as	as	ADV
fbem-7131	7	46	well	well	ADV
fbem-7131	7	47	as	as	ADP
fbem-7131	7	48	corporate	corporate	ADJ
fbem-7131	7	49	governance	governance	NOUN
fbem-7131	7	50	,	,	PUNCT
fbem-7131	7	51	to	to	PART
fbem-7131	7	52	be	be	AUX
fbem-7131	7	53	added	add	VERB
fbem-7131	7	54	to	to	ADP
fbem-7131	7	55	investment	investment	NOUN
fbem-7131	7	56	decisions[2	decisions[2	PROPN
fbem-7131	7	57	]	]	PUNCT
fbem-7131	7	58	.	.	PUNCT
fbem-7131	8	1	the	the	DET
fbem-7131	8	2	efforts	effort	NOUN
fbem-7131	8	3	put	put	VERB
fbem-7131	8	4	into	into	ADP
fbem-7131	8	5	environmental	environmental	ADJ
fbem-7131	8	6	friendliness	friendliness	NOUN
fbem-7131	8	7	,	,	PUNCT
fbem-7131	8	8	social	social	ADJ
fbem-7131	8	9	responsibility	responsibility	NOUN
fbem-7131	8	10	and	and	CCONJ
fbem-7131	8	11	corporate	corporate	ADJ
fbem-7131	8	12	governance	governance	NOUN
fbem-7131	8	13	in	in	ADP
fbem-7131	8	14	the	the	DET
fbem-7131	8	15	course	course	NOUN
fbem-7131	8	16	of	of	ADP
fbem-7131	8	17	business	business	NOUN
fbem-7131	8	18	and	and	CCONJ
fbem-7131	8	19	development	development	NOUN
fbem-7131	8	20	have	have	AUX
fbem-7131	8	21	never	never	ADV
fbem-7131	8	22	been	be	AUX
fbem-7131	8	23	more	more	ADV
fbem-7131	8	24	visible	visible	ADJ
fbem-7131	8	25	to	to	ADP
fbem-7131	8	26	all	all	PRON
fbem-7131	8	27	.	.	PUNCT
fbem-7131	9	1	in	in	ADP
fbem-7131	9	2	1992	1992	NUM
fbem-7131	9	3	,	,	PUNCT
fbem-7131	9	4	the	the	DET
fbem-7131	9	5	united	united	PROPN
fbem-7131	9	6	nations	nations	PROPN
fbem-7131	9	7	environment	environment	PROPN
fbem-7131	9	8	programme	programme	PROPN
fbem-7131	9	9	's	's	PART
fbem-7131	9	10	financial	financial	ADJ
fbem-7131	9	11	action	action	NOUN
fbem-7131	9	12	facility	facility	NOUN
fbem-7131	9	13	(	(	PUNCT
fbem-7131	9	14	unep	unep	NOUN
fbem-7131	9	15	fi	fi	NOUN
fbem-7131	9	16	)	)	PUNCT
fbem-7131	9	17	stated	state	VERB
fbem-7131	9	18	that	that	SCONJ
fbem-7131	9	19	financial	financial	ADJ
fbem-7131	9	20	institutions	institution	NOUN
fbem-7131	9	21	were	be	AUX
fbem-7131	9	22	expected	expect	VERB
fbem-7131	9	23	to	to	PART
fbem-7131	9	24	integrate	integrate	VERB
fbem-7131	9	25	the	the	DET
fbem-7131	9	26	three	three	NUM
fbem-7131	9	27	elements	element	NOUN
fbem-7131	9	28	of	of	ADP
fbem-7131	9	29	environment	environment	NOUN
fbem-7131	9	30	,	,	PUNCT
fbem-7131	9	31	social	social	ADJ
fbem-7131	9	32	responsibility	responsibility	NOUN
fbem-7131	9	33	and	and	CCONJ
fbem-7131	9	34	governance	governance	NOUN
fbem-7131	9	35	(	(	PUNCT
fbem-7131	9	36	esg	esg	PROPN
fbem-7131	9	37	)	)	PUNCT
fbem-7131	9	38	into	into	ADP
fbem-7131	9	39	their	their	PRON
fbem-7131	9	40	decision	decision	NOUN
fbem-7131	9	41	-	-	PUNCT
fbem-7131	9	42	making	make	VERB
fbem-7131	9	43	processes	process	NOUN
fbem-7131	9	44	.	.	PUNCT
fbem-7131	10	1	14	14	NUM
fbem-7131	10	2	years	year	NOUN
fbem-7131	10	3	later	later	ADV
fbem-7131	10	4	,	,	PUNCT
fbem-7131	10	5	in	in	ADP
fbem-7131	10	6	2006	2006	NUM
fbem-7131	10	7	,	,	PUNCT
fbem-7131	10	8	the	the	DET
fbem-7131	10	9	esg	esg	PROPN
fbem-7131	10	10	concept	concept	NOUN
fbem-7131	10	11	covering	cover	VERB
fbem-7131	10	12	environmental	environmental	ADJ
fbem-7131	10	13	,	,	PUNCT
fbem-7131	10	14	social	social	ADJ
fbem-7131	10	15	and	and	CCONJ
fbem-7131	10	16	corporate	corporate	ADJ
fbem-7131	10	17	governance	governance	NOUN
fbem-7131	10	18	emerged	emerge	VERB
fbem-7131	10	19	explicitly	explicitly	ADV
fbem-7131	10	20	for	for	ADP
fbem-7131	10	21	the	the	DET
fbem-7131	10	22	first	first	ADJ
fbem-7131	10	23	time	time	NOUN
fbem-7131	10	24	in	in	ADP
fbem-7131	10	25	a	a	DET
fbem-7131	10	26	seminar	seminar	NOUN
fbem-7131	10	27	published	publish	VERB
fbem-7131	10	28	by	by	ADP
fbem-7131	10	29	the	the	DET
fbem-7131	10	30	renowned	renowned	ADJ
fbem-7131	10	31	investment	investment	NOUN
fbem-7131	10	32	bank	bank	PROPN
fbem-7131	10	33	goldman	goldman	PROPN
fbem-7131	10	34	sachs	sachs	PROPN
fbem-7131	10	35	.	.	PUNCT
fbem-7131	11	1	esg	esg	PROPN
fbem-7131	11	2	is	be	AUX
fbem-7131	11	3	a	a	DET
fbem-7131	11	4	combination	combination	NOUN
fbem-7131	11	5	of	of	ADP
fbem-7131	11	6	the	the	DET
fbem-7131	11	7	initials	initial	NOUN
fbem-7131	11	8	of	of	ADP
fbem-7131	11	9	the	the	DET
fbem-7131	11	10	words	word	NOUN
fbem-7131	11	11	environmental	environmental	ADJ
fbem-7131	11	12	,	,	PUNCT
fbem-7131	11	13	social	social	ADJ
fbem-7131	11	14	responsibility	responsibility	NOUN
fbem-7131	11	15	and	and	CCONJ
fbem-7131	11	16	corporate	corporate	ADJ
fbem-7131	11	17	governance	governance	NOUN
fbem-7131	11	18	,	,	PUNCT
fbem-7131	11	19	and	and	CCONJ
fbem-7131	11	20	it	it	PRON
fbem-7131	11	21	can	can	AUX
fbem-7131	11	22	be	be	AUX
fbem-7131	11	23	seen	see	VERB
fbem-7131	11	24	as	as	ADP
fbem-7131	11	25	a	a	DET
fbem-7131	11	26	novel	novel	ADJ
fbem-7131	11	27	investment	investment	NOUN
fbem-7131	11	28	philosophy	philosophy	NOUN
fbem-7131	11	29	that	that	PRON
fbem-7131	11	30	takes	take	VERB
fbem-7131	11	31	into	into	ADP
fbem-7131	11	32	account	account	NOUN
fbem-7131	11	33	not	not	PART
fbem-7131	11	34	only	only	ADV
fbem-7131	11	35	the	the	DET
fbem-7131	11	36	business	business	NOUN
fbem-7131	11	37	performance	performance	NOUN
fbem-7131	11	38	of	of	ADP
fbem-7131	11	39	a	a	DET
fbem-7131	11	40	company	company	NOUN
fbem-7131	11	41	,	,	PUNCT
fbem-7131	11	42	but	but	CCONJ
fbem-7131	11	43	also	also	ADV
fbem-7131	11	44	its	its	PRON
fbem-7131	11	45	ability	ability	NOUN
fbem-7131	11	46	to	to	PART
fbem-7131	11	47	govern	govern	VERB
fbem-7131	11	48	itself	itself	PRON
fbem-7131	11	49	and	and	CCONJ
fbem-7131	11	50	its	its	PRON
fbem-7131	11	51	contribution	contribution	NOUN
fbem-7131	11	52	to	to	ADP
fbem-7131	11	53	the	the	DET
fbem-7131	11	54	environment	environment	NOUN
fbem-7131	11	55	and	and	CCONJ
fbem-7131	11	56	society[2	society[2	PROPN
fbem-7131	11	57	]	]	PUNCT
fbem-7131	11	58	.	.	PUNCT
fbem-7131	12	1	the	the	DET
fbem-7131	12	2	esg	esg	PROPN
fbem-7131	12	3	philosophy	philosophy	NOUN
fbem-7131	12	4	has	have	VERB
fbem-7131	12	5	a	a	DET
fbem-7131	12	6	longer	long	ADJ
fbem-7131	12	7	-	-	PUNCT
fbem-7131	12	8	term	term	NOUN
fbem-7131	12	9	perspective	perspective	NOUN
fbem-7131	12	10	than	than	ADP
fbem-7131	12	11	traditional	traditional	ADJ
fbem-7131	12	12	investment	investment	NOUN
fbem-7131	12	13	concepts	concept	NOUN
fbem-7131	12	14	,	,	PUNCT
fbem-7131	12	15	emphasizing	emphasize	VERB
fbem-7131	12	16	concepts	concept	NOUN
fbem-7131	12	17	such	such	ADJ
fbem-7131	12	18	as	as	ADP
fbem-7131	12	19	sustainable	sustainable	ADJ
fbem-7131	12	20	investment	investment	NOUN
fbem-7131	12	21	,	,	PUNCT
fbem-7131	12	22	green	green	ADJ
fbem-7131	12	23	finance	finance	NOUN
fbem-7131	12	24	and	and	CCONJ
fbem-7131	12	25	long	long	ADJ
fbem-7131	12	26	-	-	PUNCT
fbem-7131	12	27	term	term	NOUN
fbem-7131	12	28	value	value	NOUN
fbem-7131	12	29	.	.	PUNCT
fbem-7131	13	1	with	with	ADP
fbem-7131	13	2	the	the	DET
fbem-7131	13	3	popularity	popularity	NOUN
fbem-7131	13	4	of	of	ADP
fbem-7131	13	5	esg	esg	PROPN
fbem-7131	13	6	and	and	CCONJ
fbem-7131	13	7	sustainable	sustainable	ADJ
fbem-7131	13	8	investment	investment	NOUN
fbem-7131	13	9	concepts	concept	NOUN
fbem-7131	13	10	,	,	PUNCT
fbem-7131	13	11	and	and	CCONJ
fbem-7131	13	12	the	the	DET
fbem-7131	13	13	increasing	increase	VERB
fbem-7131	13	14	importance	importance	NOUN
fbem-7131	13	15	attached	attach	VERB
fbem-7131	13	16	to	to	ADP
fbem-7131	13	17	esg	esg	PROPN
fbem-7131	13	18	by	by	ADP
fbem-7131	13	19	regulators	regulator	NOUN
fbem-7131	13	20	,	,	PUNCT
fbem-7131	13	21	capital	capital	NOUN
fbem-7131	13	22	markets	market	NOUN
fbem-7131	13	23	,	,	PUNCT
fbem-7131	13	24	companies	company	NOUN
fbem-7131	13	25	and	and	CCONJ
fbem-7131	13	26	the	the	DET
fbem-7131	13	27	public	public	ADJ
fbem-7131	13	28	,	,	PUNCT
fbem-7131	13	29	different	different	ADJ
fbem-7131	13	30	types	type	NOUN
fbem-7131	13	31	of	of	ADP
fbem-7131	13	32	esg	esg	NOUN
fbem-7131	13	33	rating	rating	NOUN
fbem-7131	13	34	systems	system	NOUN
fbem-7131	13	35	have	have	AUX
fbem-7131	13	36	been	be	AUX
fbem-7131	13	37	developed	develop	VERB
fbem-7131	13	38	.	.	PUNCT
fbem-7131	14	1	as	as	ADP
fbem-7131	14	2	a	a	DET
fbem-7131	14	3	tool	tool	NOUN
fbem-7131	14	4	to	to	PART
fbem-7131	14	5	alleviate	alleviate	VERB
fbem-7131	14	6	the	the	DET
fbem-7131	14	7	problem	problem	NOUN
fbem-7131	14	8	of	of	ADP
fbem-7131	14	9	information	information	NOUN
fbem-7131	14	10	asymmetry	asymmetry	NOUN
fbem-7131	14	11	between	between	ADP
fbem-7131	14	12	investors	investor	NOUN
fbem-7131	14	13	and	and	CCONJ
fbem-7131	14	14	companies	company	NOUN
fbem-7131	14	15	,	,	PUNCT
fbem-7131	14	16	esg	esg	PROPN
fbem-7131	14	17	ratings	rating	NOUN
fbem-7131	14	18	can	can	AUX
fbem-7131	14	19	help	help	VERB
fbem-7131	14	20	investors	investor	NOUN
fbem-7131	14	21	identify	identify	VERB
fbem-7131	14	22	the	the	DET
fbem-7131	14	23	potential	potential	ADJ
fbem-7131	14	24	esg	esg	NOUN
fbem-7131	14	25	risks	risk	NOUN
fbem-7131	14	26	and	and	CCONJ
fbem-7131	14	27	esg	esg	NOUN
fbem-7131	14	28	values	value	NOUN
fbem-7131	14	29	of	of	ADP
fbem-7131	14	30	companies	company	NOUN
fbem-7131	14	31	and	and	CCONJ
fbem-7131	14	32	reduce	reduce	VERB
fbem-7131	14	33	the	the	DET
fbem-7131	14	34	cost	cost	NOUN
fbem-7131	14	35	of	of	ADP
fbem-7131	14	36	investment	investment	NOUN
fbem-7131	14	37	decisions	decision	NOUN
fbem-7131	14	38	,	,	PUNCT
fbem-7131	14	39	and	and	CCONJ
fbem-7131	14	40	have	have	AUX
fbem-7131	14	41	been	be	AUX
fbem-7131	14	42	widely	widely	ADV
fbem-7131	14	43	recognized	recognize	VERB
fbem-7131	14	44	and	and	CCONJ
fbem-7131	14	45	used	use	VERB
fbem-7131	14	46	by	by	ADP
fbem-7131	14	47	investors	investor	NOUN
fbem-7131	14	48	worldwide[3	worldwide[3	PROPN
fbem-7131	14	49	]	]	PUNCT
fbem-7131	14	50	.	.	PUNCT
fbem-7131	15	1	2	2	X
fbem-7131	15	2	.	.	X
fbem-7131	15	3	comparative	comparative	ADJ
fbem-7131	15	4	analysis	analysis	NOUN
fbem-7131	15	5	of	of	ADP
fbem-7131	15	6	esg	esg	NOUN
fbem-7131	15	7	policies	policy	NOUN
fbem-7131	15	8	and	and	CCONJ
fbem-7131	15	9	regulations	regulation	NOUN
fbem-7131	15	10	in	in	ADP
fbem-7131	15	11	recent	recent	ADJ
fbem-7131	15	12	years	year	NOUN
fbem-7131	15	13	,	,	PUNCT
fbem-7131	15	14	corporate	corporate	ADJ
fbem-7131	15	15	esg	esg	NOUN
fbem-7131	15	16	performance	performance	NOUN
fbem-7131	15	17	has	have	AUX
fbem-7131	15	18	gradually	gradually	ADV
fbem-7131	15	19	become	become	VERB
fbem-7131	15	20	the	the	DET
fbem-7131	15	21	focus	focus	NOUN
fbem-7131	15	22	of	of	ADP
fbem-7131	15	23	regulators	regulator	NOUN
fbem-7131	15	24	and	and	CCONJ
fbem-7131	15	25	investors	investor	NOUN
fbem-7131	15	26	,	,	PUNCT
fbem-7131	15	27	and	and	CCONJ
fbem-7131	15	28	laws	law	NOUN
fbem-7131	15	29	and	and	CCONJ
fbem-7131	15	30	regulations	regulation	NOUN
fbem-7131	15	31	requiring	require	VERB
fbem-7131	15	32	listed	list	VERB
fbem-7131	15	33	companies	company	NOUN
fbem-7131	15	34	to	to	PART
fbem-7131	15	35	disclose	disclose	VERB
fbem-7131	15	36	esg	esg	PROPN
fbem-7131	15	37	information	information	NOUN
fbem-7131	15	38	have	have	AUX
fbem-7131	15	39	been	be	AUX
fbem-7131	15	40	introduced	introduce	VERB
fbem-7131	15	41	in	in	ADP
fbem-7131	15	42	many	many	ADJ
fbem-7131	15	43	economies	economy	NOUN
fbem-7131	15	44	around	around	ADP
fbem-7131	15	45	the	the	DET
fbem-7131	15	46	world	world	NOUN
fbem-7131	15	47	,	,	PUNCT
fbem-7131	15	48	gradually	gradually	ADV
fbem-7131	15	49	forming	form	VERB
fbem-7131	15	50	a	a	DET
fbem-7131	15	51	complete	complete	ADJ
fbem-7131	15	52	information	information	NOUN
fbem-7131	15	53	disclosure	disclosure	NOUN
fbem-7131	15	54	system	system	NOUN
fbem-7131	15	55	,	,	PUNCT
fbem-7131	15	56	rating	rating	NOUN
fbem-7131	15	57	system	system	NOUN
fbem-7131	15	58	and	and	CCONJ
fbem-7131	15	59	investment	investment	NOUN
fbem-7131	15	60	framework	framework	NOUN
fbem-7131	15	61	.	.	PUNCT
fbem-7131	16	1	in	in	ADP
fbem-7131	16	2	contrast	contrast	NOUN
fbem-7131	16	3	,	,	PUNCT
fbem-7131	16	4	china	china	PROPN
fbem-7131	16	5	's	's	PART
fbem-7131	16	6	esg	esg	PROPN
fbem-7131	16	7	development	development	NOUN
fbem-7131	16	8	started	start	VERB
fbem-7131	16	9	late	late	ADV
fbem-7131	16	10	,	,	PUNCT
fbem-7131	16	11	the	the	DET
fbem-7131	16	12	disclosure	disclosure	NOUN
fbem-7131	16	13	system	system	NOUN
fbem-7131	16	14	and	and	CCONJ
fbem-7131	16	15	rating	rating	NOUN
fbem-7131	16	16	system	system	NOUN
fbem-7131	16	17	are	be	AUX
fbem-7131	16	18	still	still	ADV
fbem-7131	16	19	under	under	ADP
fbem-7131	16	20	construction	construction	NOUN
fbem-7131	16	21	,	,	PUNCT
fbem-7131	16	22	and	and	CCONJ
fbem-7131	16	23	the	the	DET
fbem-7131	16	24	investment	investment	NOUN
fbem-7131	16	25	philosophy	philosophy	NOUN
fbem-7131	16	26	needs	need	VERB
fbem-7131	16	27	to	to	PART
fbem-7131	16	28	be	be	AUX
fbem-7131	16	29	strengthened	strengthen	VERB
fbem-7131	16	30	.	.	PUNCT
fbem-7131	17	1	at	at	ADP
fbem-7131	17	2	this	this	DET
fbem-7131	17	3	time	time	NOUN
fbem-7131	17	4	,	,	PUNCT
fbem-7131	17	5	a	a	DET
fbem-7131	17	6	comparative	comparative	ADJ
fbem-7131	17	7	analysis	analysis	NOUN
fbem-7131	17	8	of	of	ADP
fbem-7131	17	9	domestic	domestic	ADJ
fbem-7131	17	10	and	and	CCONJ
fbem-7131	17	11	international	international	ADJ
fbem-7131	17	12	esg	esg	PROPN
fbem-7131	17	13	systems	system	NOUN
fbem-7131	17	14	has	have	VERB
fbem-7131	17	15	certain	certain	ADJ
fbem-7131	17	16	theoretical	theoretical	ADJ
fbem-7131	17	17	value	value	NOUN
fbem-7131	17	18	and	and	CCONJ
fbem-7131	17	19	practical	practical	ADJ
fbem-7131	17	20	significance	significance	NOUN
fbem-7131	17	21	for	for	SCONJ
fbem-7131	17	22	china	china	PROPN
fbem-7131	17	23	to	to	PART
fbem-7131	17	24	build	build	VERB
fbem-7131	17	25	an	an	DET
fbem-7131	17	26	esg	esg	NOUN
fbem-7131	17	27	system	system	NOUN
fbem-7131	17	28	and	and	CCONJ
fbem-7131	17	29	promote	promote	VERB
fbem-7131	17	30	sustainable	sustainable	ADJ
fbem-7131	17	31	development	development	NOUN
fbem-7131	17	32	.	.	PUNCT
fbem-7131	18	1	table	table	NOUN
fbem-7131	18	2	1	1	NUM
fbem-7131	18	3	shows	show	VERB
fbem-7131	18	4	a	a	DET
fbem-7131	18	5	comparative	comparative	ADJ
fbem-7131	18	6	analysis	analysis	NOUN
fbem-7131	18	7	of	of	ADP
fbem-7131	18	8	esg	esg	PROPN
fbem-7131	18	9	regulations	regulation	NOUN
fbem-7131	18	10	in	in	ADP
fbem-7131	18	11	major	major	ADJ
fbem-7131	18	12	economies	economy	NOUN
fbem-7131	18	13	.	.	PUNCT
fbem-7131	19	1	china	china	PROPN
fbem-7131	19	2	:	:	PUNCT
fbem-7131	19	3	disclosure	disclosure	NOUN
fbem-7131	19	4	framework	framework	NOUN
fbem-7131	19	5	still	still	ADV
fbem-7131	19	6	under	under	ADP
fbem-7131	19	7	construction	construction	NOUN
fbem-7131	19	8	,	,	PUNCT
fbem-7131	19	9	investment	investment	NOUN
fbem-7131	19	10	on	on	ADP
fbem-7131	19	11	the	the	DET
fbem-7131	19	12	rise	rise	NOUN
fbem-7131	19	13	.	.	PUNCT
fbem-7131	20	1	voluntary	voluntary	ADJ
fbem-7131	20	2	disclosure	disclosure	NOUN
fbem-7131	20	3	is	be	AUX
fbem-7131	20	4	the	the	DET
fbem-7131	20	5	main	main	ADJ
fbem-7131	20	6	focus	focus	NOUN
fbem-7131	20	7	,	,	PUNCT
fbem-7131	20	8	with	with	ADP
fbem-7131	20	9	mandatory	mandatory	ADJ
fbem-7131	20	10	disclosure	disclosure	NOUN
fbem-7131	20	11	of	of	ADP
fbem-7131	20	12	environmental	environmental	ADJ
fbem-7131	20	13	information	information	NOUN
fbem-7131	20	14	.	.	PUNCT
fbem-7131	21	1	corporate	corporate	ADJ
fbem-7131	21	2	esg	esg	PROPN
fbem-7131	21	3	ratings	rating	NOUN
fbem-7131	21	4	are	be	AUX
fbem-7131	21	5	now	now	ADV
fbem-7131	21	6	improving	improve	VERB
fbem-7131	21	7	.	.	PUNCT
fbem-7131	22	1	us	we	PRON
fbem-7131	22	2	:	:	PUNCT
fbem-7131	22	3	legislation	legislation	NOUN
fbem-7131	22	4	requiring	require	VERB
fbem-7131	22	5	corporate	corporate	ADJ
fbem-7131	22	6	boards	board	NOUN
fbem-7131	22	7	to	to	PART
fbem-7131	22	8	incorporate	incorporate	VERB
fbem-7131	22	9	esg	esg	NOUN
fbem-7131	22	10	considerations	consideration	NOUN
fbem-7131	22	11	into	into	ADP
fbem-7131	22	12	investment	investment	NOUN
fbem-7131	22	13	decisions	decision	NOUN
fbem-7131	22	14	.	.	PUNCT
fbem-7131	23	1	mandatory	mandatory	ADJ
fbem-7131	23	2	disclosure	disclosure	NOUN
fbem-7131	23	3	of	of	ADP
fbem-7131	23	4	esg	esg	PROPN
fbem-7131	23	5	information	information	NOUN
fbem-7131	23	6	,	,	PUNCT
fbem-7131	23	7	emphasis	emphasis	NOUN
fbem-7131	23	8	on	on	ADP
fbem-7131	23	9	board	board	NOUN
fbem-7131	23	10	responsibility	responsibility	NOUN
fbem-7131	23	11	for	for	ADP
fbem-7131	23	12	corporate	corporate	ADJ
fbem-7131	23	13	disclosure	disclosure	NOUN
fbem-7131	23	14	,	,	PUNCT
fbem-7131	23	15	harmonized	harmonized	ADJ
fbem-7131	23	16	esg	esg	NOUN
fbem-7131	23	17	disclosure	disclosure	NOUN
fbem-7131	23	18	framework	framework	NOUN
fbem-7131	23	19	,	,	PUNCT
fbem-7131	23	20	full	full	ADJ
fbem-7131	23	21	esg	esg	NOUN
fbem-7131	23	22	rating	rating	NOUN
fbem-7131	23	23	coverage	coverage	NOUN
fbem-7131	23	24	for	for	ADP
fbem-7131	23	25	listed	list	VERB
fbem-7131	23	26	companies	company	NOUN
fbem-7131	23	27	,	,	PUNCT
fbem-7131	23	28	legislation	legislation	NOUN
fbem-7131	23	29	to	to	PART
fbem-7131	23	30	encourage	encourage	VERB
fbem-7131	23	31	esg	esg	NOUN
fbem-7131	23	32	investment	investment	NOUN
fbem-7131	23	33	and	and	CCONJ
fbem-7131	23	34	expand	expand	VERB
fbem-7131	23	35	responsible	responsible	ADJ
fbem-7131	23	36	investment	investment	NOUN
fbem-7131	23	37	.	.	PUNCT
fbem-7131	24	1	australia	australia	PROPN
fbem-7131	24	2	:	:	PUNCT
fbem-7131	24	3	refine	refine	VERB
fbem-7131	24	4	esg	esg	NOUN
fbem-7131	24	5	requirements	requirement	NOUN
fbem-7131	24	6	for	for	ADP
fbem-7131	24	7	different	different	ADJ
fbem-7131	24	8	market	market	NOUN
fbem-7131	24	9	players	player	NOUN
fbem-7131	24	10	.	.	PUNCT
fbem-7131	25	1	implementation	implementation	NOUN
fbem-7131	25	2	of	of	ADP
fbem-7131	25	3	the	the	DET
fbem-7131	25	4	"	"	PUNCT
fbem-7131	25	5	if	if	SCONJ
fbem-7131	25	6	you	you	PRON
fbem-7131	25	7	do	do	AUX
fbem-7131	25	8	n't	not	PART
fbem-7131	25	9	disclose	disclose	VERB
fbem-7131	25	10	,	,	PUNCT
fbem-7131	25	11	explain	explain	VERB
fbem-7131	25	12	why	why	SCONJ
fbem-7131	25	13	"	"	PUNCT
fbem-7131	25	14	principle	principle	NOUN
fbem-7131	25	15	.	.	PUNCT
fbem-7131	26	1	multi	multi	ADJ
fbem-7131	26	2	-	-	ADJ
fbem-7131	26	3	entity	entity	ADJ
fbem-7131	26	4	collaboration	collaboration	NOUN
fbem-7131	26	5	to	to	PART
fbem-7131	26	6	promote	promote	VERB
fbem-7131	26	7	esg	esg	PROPN
fbem-7131	26	8	systems	system	NOUN
fbem-7131	26	9	.	.	PUNCT
fbem-7131	27	1	refine	refine	VERB
fbem-7131	27	2	disclosure	disclosure	NOUN
fbem-7131	27	3	requirements	requirement	NOUN
fbem-7131	27	4	for	for	ADP
fbem-7131	27	5	different	different	ADJ
fbem-7131	27	6	market	market	NOUN
fbem-7131	27	7	players	player	NOUN
fbem-7131	27	8	.	.	PUNCT
fbem-7131	28	1	promote	promote	VERB
fbem-7131	28	2	esg	esg	PROPN
fbem-7131	28	3	investment	investment	NOUN
fbem-7131	28	4	concepts	concept	NOUN
fbem-7131	28	5	for	for	ADP
fbem-7131	28	6	institutional	institutional	ADJ
fbem-7131	28	7	investors	investor	NOUN
fbem-7131	28	8	.	.	PUNCT
fbem-7131	29	1	eu	eu	ADJ
fbem-7131	29	2	:	:	PUNCT
fbem-7131	29	3	progressively	progressively	ADV
fbem-7131	29	4	improve	improve	VERB
fbem-7131	29	5	the	the	DET
fbem-7131	29	6	quality	quality	NOUN
fbem-7131	29	7	of	of	ADP
fbem-7131	29	8	disclosure	disclosure	NOUN
fbem-7131	29	9	and	and	CCONJ
fbem-7131	29	10	grow	grow	VERB
fbem-7131	29	11	the	the	DET
fbem-7131	29	12	esg	esg	NOUN
fbem-7131	29	13	investment	investment	NOUN
fbem-7131	29	14	market	market	NOUN
fbem-7131	29	15	.	.	PUNCT
fbem-7131	30	1	gradually	gradually	ADV
fbem-7131	30	2	improve	improve	VERB
fbem-7131	30	3	144	144	NUM
fbem-7131	30	4	disclosure	disclosure	NOUN
fbem-7131	30	5	requirements	requirement	NOUN
fbem-7131	30	6	and	and	CCONJ
fbem-7131	30	7	set	set	VERB
fbem-7131	30	8	environmental	environmental	ADJ
fbem-7131	30	9	information	information	NOUN
fbem-7131	30	10	codes	code	NOUN
fbem-7131	30	11	to	to	PART
fbem-7131	30	12	improve	improve	VERB
fbem-7131	30	13	the	the	DET
fbem-7131	30	14	quality	quality	NOUN
fbem-7131	30	15	of	of	ADP
fbem-7131	30	16	esg	esg	PROPN
fbem-7131	30	17	disclosure	disclosure	NOUN
fbem-7131	30	18	.	.	PUNCT
fbem-7131	31	1	improve	improve	VERB
fbem-7131	31	2	esg	esg	NOUN
fbem-7131	31	3	policies	policy	NOUN
fbem-7131	31	4	and	and	CCONJ
fbem-7131	31	5	regulations	regulation	NOUN
fbem-7131	31	6	by	by	ADP
fbem-7131	31	7	using	use	VERB
fbem-7131	31	8	company	company	NOUN
fbem-7131	31	9	shareholders	shareholder	NOUN
fbem-7131	31	10	as	as	ADP
fbem-7131	31	11	an	an	DET
fbem-7131	31	12	entry	entry	NOUN
fbem-7131	31	13	point	point	NOUN
fbem-7131	31	14	.	.	PUNCT
fbem-7131	32	1	focus	focus	VERB
fbem-7131	32	2	on	on	ADP
fbem-7131	32	3	fiduciary	fiduciary	ADJ
fbem-7131	32	4	duty	duty	NOUN
fbem-7131	32	5	holders	holder	NOUN
fbem-7131	32	6	to	to	PART
fbem-7131	32	7	enhance	enhance	VERB
fbem-7131	32	8	esg	esg	PROPN
fbem-7131	32	9	investment	investment	NOUN
fbem-7131	32	10	incentives	incentive	NOUN
fbem-7131	32	11	.	.	PUNCT
fbem-7131	33	1	table	table	NOUN
fbem-7131	33	2	1	1	NUM
fbem-7131	33	3	.	.	PUNCT
fbem-7131	33	4	comparative	comparative	ADJ
fbem-7131	33	5	analysis	analysis	NOUN
fbem-7131	33	6	of	of	ADP
fbem-7131	33	7	esg	esg	NOUN
fbem-7131	33	8	policies	policy	NOUN
fbem-7131	33	9	and	and	CCONJ
fbem-7131	33	10	regulations	regulation	NOUN
fbem-7131	33	11	in	in	ADP
fbem-7131	33	12	major	major	ADJ
fbem-7131	33	13	economies	economy	NOUN
fbem-7131	33	14	economies	economy	NOUN
fbem-7131	33	15	disclosure	disclosure	NOUN
fbem-7131	33	16	methods	method	NOUN
fbem-7131	33	17	laws	law	NOUN
fbem-7131	33	18	and	and	CCONJ
fbem-7131	33	19	regulations	regulation	NOUN
fbem-7131	33	20	disclosure	disclosure	NOUN
fbem-7131	33	21	focus	focus	VERB
fbem-7131	33	22	china	china	PROPN
fbem-7131	33	23	voluntary	voluntary	PROPN
fbem-7131	33	24	/	/	SYM
fbem-7131	33	25	semimandatory	semimandatory	NOUN
fbem-7131	33	26	guidelines	guideline	NOUN
fbem-7131	33	27	on	on	ADP
fbem-7131	33	28	environmental	environmental	ADJ
fbem-7131	33	29	,	,	PUNCT
fbem-7131	33	30	social	social	ADJ
fbem-7131	33	31	and	and	CCONJ
fbem-7131	33	32	governance	governance	NOUN
fbem-7131	33	33	reporting	reporting	NOUN
fbem-7131	33	34	,	,	PUNCT
fbem-7131	33	35	ipo	ipo	NOUN
fbem-7131	33	36	guidelines	guideline	NOUN
fbem-7131	33	37	,	,	PUNCT
fbem-7131	33	38	china	china	PROPN
fbem-7131	33	39	outbound	outbound	PROPN
fbem-7131	33	40	investment	investment	NOUN
fbem-7131	33	41	environmental	environmental	ADJ
fbem-7131	33	42	risk	risk	NOUN
fbem-7131	33	43	management	management	NOUN
fbem-7131	33	44	initiative	initiative	NOUN
fbem-7131	33	45	,	,	PUNCT
fbem-7131	33	46	guideline	guideline	NOUN
fbem-7131	33	47	no	no	NOUN
fbem-7131	33	48	.	.	NOUN
fbem-7131	33	49	2	2	NUM
fbem-7131	33	50	voluntary	voluntary	ADJ
fbem-7131	33	51	disclosure	disclosure	NOUN
fbem-7131	33	52	of	of	ADP
fbem-7131	33	53	information	information	NOUN
fbem-7131	33	54	for	for	ADP
fbem-7131	33	55	the	the	DET
fbem-7131	33	56	application	application	NOUN
fbem-7131	33	57	of	of	ADP
fbem-7131	33	58	self	self	NOUN
fbem-7131	33	59	-	-	PUNCT
fbem-7131	33	60	regulatory	regulatory	ADJ
fbem-7131	33	61	rules	rule	NOUN
fbem-7131	33	62	for	for	ADP
fbem-7131	33	63	listed	list	VERB
fbem-7131	33	64	companies	company	NOUN
fbem-7131	33	65	on	on	ADP
fbem-7131	33	66	the	the	DET
fbem-7131	33	67	shanghai	shanghai	PROPN
fbem-7131	33	68	stock	stock	PROPN
fbem-7131	33	69	exchange	exchange	PROPN
fbem-7131	33	70	,	,	PUNCT
fbem-7131	33	71	and	and	CCONJ
fbem-7131	33	72	assessment	assessment	NOUN
fbem-7131	33	73	measures	measure	NOUN
fbem-7131	33	74	for	for	ADP
fbem-7131	33	75	information	information	NOUN
fbem-7131	33	76	disclosure	disclosure	NOUN
fbem-7131	33	77	work	work	NOUN
fbem-7131	33	78	of	of	ADP
fbem-7131	33	79	listed	list	VERB
fbem-7131	33	80	companies	company	NOUN
fbem-7131	33	81	on	on	ADP
fbem-7131	33	82	shenzhen	shenzhen	PROPN
fbem-7131	33	83	stock	stock	PROPN
fbem-7131	33	84	exchange	exchange	PROPN
fbem-7131	33	85	(	(	PUNCT
fbem-7131	33	86	revised	revise	VERB
fbem-7131	33	87	in	in	ADP
fbem-7131	33	88	2020	2020	NUM
fbem-7131	33	89	)	)	PUNCT
fbem-7131	33	90	information	information	NOUN
fbem-7131	33	91	on	on	ADP
fbem-7131	33	92	pollution	pollution	NOUN
fbem-7131	33	93	discharge	discharge	NOUN
fbem-7131	33	94	,	,	PUNCT
fbem-7131	33	95	construction	construction	NOUN
fbem-7131	33	96	and	and	CCONJ
fbem-7131	33	97	operation	operation	NOUN
fbem-7131	33	98	of	of	ADP
fbem-7131	33	99	pollution	pollution	NOUN
fbem-7131	33	100	prevention	prevention	NOUN
fbem-7131	33	101	and	and	CCONJ
fbem-7131	33	102	control	control	PROPN
fbem-7131	33	103	facilities	facility	NOUN
fbem-7131	33	104	us	we	PRON
fbem-7131	33	105	mandatory	mandatory	ADJ
fbem-7131	33	106	disclosure	disclosure	NOUN
fbem-7131	33	107	securities	security	NOUN
fbem-7131	33	108	act	act	PROPN
fbem-7131	33	109	,	,	PUNCT
fbem-7131	33	110	clean	clean	ADJ
fbem-7131	33	111	water	water	PROPN
fbem-7131	33	112	act	act	PROPN
fbem-7131	33	113	,	,	PUNCT
fbem-7131	33	114	solid	solid	ADJ
fbem-7131	33	115	waste	waste	NOUN
fbem-7131	33	116	disposal	disposal	PROPN
fbem-7131	33	117	act	act	PROPN
fbem-7131	33	118	,	,	PUNCT
fbem-7131	33	119	resource	resource	NOUN
fbem-7131	33	120	conservation	conservation	NOUN
fbem-7131	33	121	and	and	CCONJ
fbem-7131	33	122	recovery	recovery	NOUN
fbem-7131	33	123	act	act	PROPN
fbem-7131	33	124	,	,	PUNCT
fbem-7131	33	125	pollution	pollution	NOUN
fbem-7131	33	126	prevention	prevention	PROPN
fbem-7131	33	127	act	act	PROPN
fbem-7131	33	128	,	,	PUNCT
fbem-7131	33	129	hazardous	hazardous	ADJ
fbem-7131	33	130	substances	substance	NOUN
fbem-7131	33	131	control	control	PROPN
fbem-7131	33	132	act	act	PROPN
fbem-7131	33	133	,	,	PUNCT
fbem-7131	33	134	superfund	superfund	PROPN
fbem-7131	33	135	act	act	PROPN
fbem-7131	33	136	environmental	environmental	ADJ
fbem-7131	33	137	liabilities	liability	NOUN
fbem-7131	33	138	,	,	PUNCT
fbem-7131	33	139	environmental	environmental	ADJ
fbem-7131	33	140	monitoring	monitoring	NOUN
fbem-7131	33	141	costs	cost	NOUN
fbem-7131	33	142	,	,	PUNCT
fbem-7131	33	143	impact	impact	NOUN
fbem-7131	33	144	of	of	ADP
fbem-7131	33	145	environmental	environmental	ADJ
fbem-7131	33	146	issues	issue	NOUN
fbem-7131	33	147	on	on	ADP
fbem-7131	33	148	the	the	DET
fbem-7131	33	149	financial	financial	ADJ
fbem-7131	33	150	position	position	NOUN
fbem-7131	33	151	and	and	CCONJ
fbem-7131	33	152	competitive	competitive	ADJ
fbem-7131	33	153	position	position	NOUN
fbem-7131	33	154	of	of	ADP
fbem-7131	33	155	the	the	DET
fbem-7131	33	156	company	company	NOUN
fbem-7131	33	157	,	,	PUNCT
fbem-7131	33	158	environmental	environmental	ADJ
fbem-7131	33	159	litigation	litigation	NOUN
fbem-7131	33	160	pending	pende	VERB
fbem-7131	33	161	adjudication	adjudication	NOUN
fbem-7131	33	162	,	,	PUNCT
fbem-7131	33	163	etc	etc	X
fbem-7131	33	164	.	.	X
fbem-7131	33	165	australia	australia	PROPN
fbem-7131	33	166	mandatory	mandatory	ADJ
fbem-7131	33	167	+	+	ADJ
fbem-7131	33	168	voluntary	voluntary	ADJ
fbem-7131	33	169	financial	financial	ADJ
fbem-7131	33	170	services	service	NOUN
fbem-7131	33	171	reform	reform	PROPN
fbem-7131	33	172	act	act	PROPN
fbem-7131	33	173	,	,	PUNCT
fbem-7131	33	174	national	national	ADJ
fbem-7131	33	175	pollutant	pollutant	ADJ
fbem-7131	33	176	inventory	inventory	NOUN
fbem-7131	33	177	,	,	PUNCT
fbem-7131	33	178	national	national	ADJ
fbem-7131	33	179	greenhouse	greenhouse	NOUN
fbem-7131	33	180	gas	gas	NOUN
fbem-7131	33	181	and	and	CCONJ
fbem-7131	33	182	energy	energy	NOUN
fbem-7131	33	183	reporting	reporting	NOUN
fbem-7131	33	184	rules	rule	NOUN
fbem-7131	33	185	,	,	PUNCT
fbem-7131	33	186	asic	asic	NOUN
fbem-7131	33	187	disclosure	disclosure	NOUN
fbem-7131	33	188	guidelines	guideline	NOUN
fbem-7131	33	189	,	,	PUNCT
fbem-7131	33	190	antarctic	antarctic	ADJ
fbem-7131	33	191	treaty	treaty	NOUN
fbem-7131	33	192	amendment	amendment	PROPN
fbem-7131	33	193	act	act	PROPN
fbem-7131	33	194	,	,	PUNCT
fbem-7131	33	195	australian	australian	ADJ
fbem-7131	33	196	mining	mining	NOUN
fbem-7131	33	197	sustainability	sustainability	NOUN
fbem-7131	33	198	framework	framework	NOUN
fbem-7131	33	199	,	,	PUNCT
fbem-7131	33	200	australian	australian	ADJ
fbem-7131	33	201	triple	triple	ADJ
fbem-7131	33	202	bottom	bottom	ADJ
fbem-7131	33	203	line	line	NOUN
fbem-7131	33	204	report	report	NOUN
fbem-7131	33	205	,	,	PUNCT
fbem-7131	33	206	australian	australian	ADJ
fbem-7131	33	207	auditing	auditing	NOUN
fbem-7131	33	208	standards	standard	NOUN
fbem-7131	33	209	mandatory	mandatory	ADJ
fbem-7131	33	210	disclosure	disclosure	NOUN
fbem-7131	33	211	requirements	requirement	NOUN
fbem-7131	33	212	focus	focus	VERB
fbem-7131	33	213	on	on	ADP
fbem-7131	33	214	greenhouse	greenhouse	NOUN
fbem-7131	33	215	gas	gas	NOUN
fbem-7131	33	216	emissions	emission	NOUN
fbem-7131	33	217	,	,	PUNCT
fbem-7131	33	218	fuel	fuel	NOUN
fbem-7131	33	219	use	use	NOUN
fbem-7131	33	220	,	,	PUNCT
fbem-7131	33	221	energy	energy	NOUN
fbem-7131	33	222	plans	plan	NOUN
fbem-7131	33	223	,	,	PUNCT
fbem-7131	33	224	corporate	corporate	ADJ
fbem-7131	33	225	labour	labour	NOUN
fbem-7131	33	226	standards	standard	NOUN
fbem-7131	33	227	,	,	PUNCT
fbem-7131	33	228	etc	etc	X
fbem-7131	33	229	.	.	X
fbem-7131	33	230	,	,	PUNCT
fbem-7131	33	231	with	with	ADP
fbem-7131	33	232	voluntary	voluntary	ADJ
fbem-7131	33	233	disclosure	disclosure	NOUN
fbem-7131	33	234	for	for	ADP
fbem-7131	33	235	other	other	ADJ
fbem-7131	33	236	non	non	ADJ
fbem-7131	33	237	-	-	ADJ
fbem-7131	33	238	financial	financial	ADJ
fbem-7131	33	239	information	information	NOUN
fbem-7131	33	240	eu	eu	PROPN
fbem-7131	33	241	semicompulsory	semicompulsory	PROPN
fbem-7131	33	242	eu	eu	PROPN
fbem-7131	33	243	eco	eco	PROPN
fbem-7131	33	244	-	-	PUNCT
fbem-7131	33	245	management	management	NOUN
fbem-7131	33	246	and	and	CCONJ
fbem-7131	33	247	audit	audit	NOUN
fbem-7131	33	248	system	system	NOUN
fbem-7131	33	249	(	(	PUNCT
fbem-7131	33	250	emas	emas	PROPN
fbem-7131	33	251	)	)	PUNCT
fbem-7131	33	252	,	,	PUNCT
fbem-7131	33	253	environmental	environmental	ADJ
fbem-7131	33	254	management	management	NOUN
fbem-7131	33	255	system	system	NOUN
fbem-7131	33	256	iso14001	iso14001	VERB
fbem-7131	33	257	,	,	PUNCT
fbem-7131	33	258	eu	eu	PROPN
fbem-7131	33	259	modernisation	modernisation	NOUN
fbem-7131	33	260	directive	directive	NOUN
fbem-7131	33	261	,	,	PUNCT
fbem-7131	33	262	aarhus	aarhus	PROPN
fbem-7131	33	263	convention	convention	PROPN
fbem-7131	33	264	,	,	PUNCT
fbem-7131	33	265	pollutant	pollutant	ADJ
fbem-7131	33	266	release	release	NOUN
fbem-7131	33	267	and	and	CCONJ
fbem-7131	33	268	transfer	transfer	VERB
fbem-7131	33	269	register	register	NOUN
fbem-7131	33	270	instrument	instrument	NOUN
fbem-7131	33	271	(	(	PUNCT
fbem-7131	33	272	prtr	prtr	PROPN
fbem-7131	33	273	)	)	PUNCT
fbem-7131	33	274	,	,	PUNCT
fbem-7131	33	275	eu	eu	PROPN
fbem-7131	33	276	audit	audit	NOUN
fbem-7131	33	277	guidance	guidance	NOUN
fbem-7131	33	278	require	require	VERB
fbem-7131	33	279	large	large	ADJ
fbem-7131	33	280	companies	company	NOUN
fbem-7131	33	281	to	to	PART
fbem-7131	33	282	disclose	disclose	VERB
fbem-7131	33	283	information	information	NOUN
fbem-7131	33	284	on	on	ADP
fbem-7131	33	285	the	the	DET
fbem-7131	33	286	way	way	NOUN
fbem-7131	33	287	they	they	PRON
fbem-7131	33	288	address	address	VERB
fbem-7131	33	289	social	social	ADJ
fbem-7131	33	290	and	and	CCONJ
fbem-7131	33	291	environmental	environmental	ADJ
fbem-7131	33	292	challenges	challenge	NOUN
fbem-7131	33	293	,	,	PUNCT
fbem-7131	33	294	including	include	VERB
fbem-7131	33	295	matters	matter	NOUN
fbem-7131	33	296	relating	relate	VERB
fbem-7131	33	297	to	to	ADP
fbem-7131	33	298	the	the	DET
fbem-7131	33	299	environment	environment	NOUN
fbem-7131	33	300	,	,	PUNCT
fbem-7131	33	301	society	society	NOUN
fbem-7131	33	302	and	and	CCONJ
fbem-7131	33	303	employees	employee	NOUN
fbem-7131	33	304	,	,	PUNCT
fbem-7131	33	305	as	as	ADV
fbem-7131	33	306	well	well	ADV
fbem-7131	33	307	as	as	ADP
fbem-7131	33	308	respect	respect	NOUN
fbem-7131	33	309	for	for	ADP
fbem-7131	33	310	human	human	ADJ
fbem-7131	33	311	rights	right	NOUN
fbem-7131	33	312	,	,	PUNCT
fbem-7131	33	313	anticorruption	anticorruption	NOUN
fbem-7131	33	314	and	and	CCONJ
fbem-7131	33	315	anti	anti	ADJ
fbem-7131	33	316	-	-	ADJ
fbem-7131	33	317	bribery	bribery	ADJ
fbem-7131	33	318	enforcement	enforcement	NOUN
fbem-7131	33	319	3	3	NUM
fbem-7131	33	320	.	.	PUNCT
fbem-7131	34	1	introduction	introduction	NOUN
fbem-7131	34	2	of	of	ADP
fbem-7131	34	3	esg	esg	PROPN
fbem-7131	34	4	rating	rating	NOUN
fbem-7131	34	5	agencies	agency	NOUN
fbem-7131	34	6	with	with	ADP
fbem-7131	34	7	the	the	DET
fbem-7131	34	8	rapid	rapid	ADJ
fbem-7131	34	9	development	development	NOUN
fbem-7131	34	10	of	of	ADP
fbem-7131	34	11	esg	esg	PROPN
fbem-7131	34	12	in	in	ADP
fbem-7131	34	13	recent	recent	ADJ
fbem-7131	34	14	years	year	NOUN
fbem-7131	34	15	,	,	PUNCT
fbem-7131	34	16	many	many	ADJ
fbem-7131	34	17	institutions	institution	NOUN
fbem-7131	34	18	worldwide	worldwide	ADV
fbem-7131	34	19	have	have	AUX
fbem-7131	34	20	incorporated	incorporate	VERB
fbem-7131	34	21	esg	esg	NOUN
fbem-7131	34	22	as	as	ADP
fbem-7131	34	23	a	a	DET
fbem-7131	34	24	consideration	consideration	NOUN
fbem-7131	34	25	into	into	ADP
fbem-7131	34	26	their	their	PRON
fbem-7131	34	27	research	research	NOUN
fbem-7131	34	28	and	and	CCONJ
fbem-7131	34	29	investment	investment	NOUN
fbem-7131	34	30	decision	decision	NOUN
fbem-7131	34	31	-	-	PUNCT
fbem-7131	34	32	making	make	VERB
fbem-7131	34	33	systems	system	NOUN
fbem-7131	34	34	,	,	PUNCT
fbem-7131	34	35	and	and	CCONJ
fbem-7131	34	36	stock	stock	NOUN
fbem-7131	34	37	exchanges	exchange	NOUN
fbem-7131	34	38	and	and	CCONJ
fbem-7131	34	39	regulators	regulator	NOUN
fbem-7131	34	40	in	in	ADP
fbem-7131	34	41	many	many	ADJ
fbem-7131	34	42	countries	country	NOUN
fbem-7131	34	43	have	have	AUX
fbem-7131	34	44	also	also	ADV
fbem-7131	34	45	formulated	formulate	VERB
fbem-7131	34	46	relevant	relevant	ADJ
fbem-7131	34	47	policies	policy	NOUN
fbem-7131	34	48	requiring	require	VERB
fbem-7131	34	49	listed	list	VERB
fbem-7131	34	50	companies	company	NOUN
fbem-7131	34	51	to	to	PART
fbem-7131	34	52	disclose	disclose	VERB
fbem-7131	34	53	esg	esg	PROPN
fbem-7131	34	54	-	-	PUNCT
fbem-7131	34	55	related	relate	VERB
fbem-7131	34	56	information	information	NOUN
fbem-7131	34	57	on	on	ADP
fbem-7131	34	58	a	a	DET
fbem-7131	34	59	voluntary	voluntary	ADJ
fbem-7131	34	60	or	or	CCONJ
fbem-7131	34	61	mandatory	mandatory	ADJ
fbem-7131	34	62	basis	basis	NOUN
fbem-7131	34	63	.	.	PUNCT
fbem-7131	35	1	at	at	ADP
fbem-7131	35	2	present	present	ADJ
fbem-7131	35	3	,	,	PUNCT
fbem-7131	35	4	the	the	DET
fbem-7131	35	5	number	number	NOUN
fbem-7131	35	6	of	of	ADP
fbem-7131	35	7	esg	esg	NOUN
fbem-7131	35	8	rating	rating	NOUN
fbem-7131	35	9	agencies	agency	NOUN
fbem-7131	35	10	worldwide	worldwide	ADV
fbem-7131	35	11	has	have	AUX
fbem-7131	35	12	exceeded	exceed	VERB
fbem-7131	35	13	600	600	NUM
fbem-7131	35	14	(	(	PUNCT
fbem-7131	35	15	only	only	ADV
fbem-7131	35	16	about	about	ADV
fbem-7131	35	17	20	20	NUM
fbem-7131	35	18	in	in	ADP
fbem-7131	35	19	china	china	PROPN
fbem-7131	35	20	)	)	PUNCT
fbem-7131	35	21	.	.	PUNCT
fbem-7131	36	1	among	among	ADP
fbem-7131	36	2	them	they	PRON
fbem-7131	36	3	:	:	PUNCT
fbem-7131	36	4	internationally	internationally	ADV
fbem-7131	36	5	renowned	renowned	ADJ
fbem-7131	36	6	rating	rating	NOUN
fbem-7131	36	7	agencies	agency	NOUN
fbem-7131	36	8	include	include	VERB
fbem-7131	36	9	kld	kld	PROPN
fbem-7131	36	10	research	research	PROPN
fbem-7131	36	11	&	&	CCONJ
fbem-7131	36	12	analytics	analytics	PROPN
fbem-7131	36	13	(	(	PUNCT
fbem-7131	36	14	kld	kld	PROPN
fbem-7131	36	15	)	)	PUNCT
fbem-7131	36	16	,	,	PUNCT
fbem-7131	36	17	morgan	morgan	PROPN
fbem-7131	36	18	stanley	stanley	PROPN
fbem-7131	36	19	capital	capital	PROPN
fbem-7131	36	20	international	international	PROPN
fbem-7131	36	21	(	(	PUNCT
fbem-7131	36	22	msci	msci	PROPN
fbem-7131	36	23	)	)	PUNCT
fbem-7131	36	24	,	,	PUNCT
fbem-7131	36	25	sustainalytics	sustainalytic	NOUN
fbem-7131	36	26	,	,	PUNCT
fbem-7131	36	27	thomson	thomson	PROPN
fbem-7131	36	28	reuters	reuters	PROPN
fbem-7131	36	29	,	,	PUNCT
fbem-7131	36	30	ftse	ftse	PROPN
fbem-7131	36	31	russell	russell	PROPN
fbem-7131	36	32	,	,	PUNCT
fbem-7131	36	33	s&p	s&p	PROPN
fbem-7131	36	34	dow	dow	PROPN
fbem-7131	36	35	jones	jones	PROPN
fbem-7131	36	36	and	and	CCONJ
fbem-7131	36	37	vigeo	vigeo	PROPN
fbem-7131	36	38	eiris	eiris	PROPN
fbem-7131	36	39	,	,	PUNCT
fbem-7131	36	40	etc	etc	X
fbem-7131	36	41	.	.	X
fbem-7131	36	42	;	;	PUNCT
fbem-7131	36	43	china	china	PROPN
fbem-7131	36	44	's	's	PART
fbem-7131	36	45	renowned	renowned	ADJ
fbem-7131	36	46	rating	rating	NOUN
fbem-7131	36	47	agencies	agency	NOUN
fbem-7131	36	48	include	include	VERB
fbem-7131	36	49	syntao	syntao	PROPN
fbem-7131	36	50	green	green	PROPN
fbem-7131	36	51	finance	finance	PROPN
fbem-7131	36	52	,	,	PUNCT
fbem-7131	36	53	harvest	harvest	NOUN
fbem-7131	36	54	fund	fund	NOUN
fbem-7131	36	55	,	,	PUNCT
fbem-7131	36	56	runling	runle	VERB
fbem-7131	36	57	global	global	ADJ
fbem-7131	36	58	(	(	PUNCT
fbem-7131	36	59	rks	rk	NOUN
fbem-7131	36	60	)	)	PUNCT
fbem-7131	36	61	,	,	PUNCT
fbem-7131	36	62	etc[4	etc[4	X
fbem-7131	36	63	]	]	PUNCT
fbem-7131	36	64	.	.	PUNCT
fbem-7131	37	1	a	a	DET
fbem-7131	37	2	brief	brief	ADJ
fbem-7131	37	3	description	description	NOUN
fbem-7131	37	4	of	of	ADP
fbem-7131	37	5	a	a	DET
fbem-7131	37	6	total	total	NOUN
fbem-7131	37	7	of	of	ADP
fbem-7131	37	8	11	11	NUM
fbem-7131	37	9	international	international	ADJ
fbem-7131	37	10	and	and	CCONJ
fbem-7131	37	11	domestic	domestic	ADJ
fbem-7131	37	12	rating	rating	NOUN
fbem-7131	37	13	agencies	agency	NOUN
fbem-7131	37	14	and	and	CCONJ
fbem-7131	37	15	their	their	PRON
fbem-7131	37	16	official	official	ADJ
fbem-7131	37	17	website	website	NOUN
fbem-7131	37	18	addresses	address	NOUN
fbem-7131	37	19	are	be	AUX
fbem-7131	37	20	listed	list	VERB
fbem-7131	37	21	in	in	ADP
fbem-7131	37	22	table	table	NOUN
fbem-7131	37	23	2	2	NUM
fbem-7131	37	24	.	.	NOUN
fbem-7131	37	25	4	4	NUM
fbem-7131	37	26	.	.	NOUN
fbem-7131	37	27	comparative	comparative	ADJ
fbem-7131	37	28	analysis	analysis	NOUN
fbem-7131	37	29	of	of	ADP
fbem-7131	37	30	esg	esg	NOUN
fbem-7131	37	31	evaluation	evaluation	NOUN
fbem-7131	37	32	systems	system	NOUN
fbem-7131	37	33	not	not	PART
fbem-7131	37	34	only	only	ADV
fbem-7131	37	35	are	be	AUX
fbem-7131	37	36	investors	investor	NOUN
fbem-7131	37	37	increasingly	increasingly	ADV
fbem-7131	37	38	relying	rely	VERB
fbem-7131	37	39	on	on	ADP
fbem-7131	37	40	esg	esg	PROPN
fbem-7131	37	41	ratings	rating	NOUN
fbem-7131	37	42	to	to	PART
fbem-7131	37	43	obtain	obtain	VERB
fbem-7131	37	44	third	third	ADJ
fbem-7131	37	45	-	-	PUNCT
fbem-7131	37	46	party	party	NOUN
fbem-7131	37	47	assessments	assessment	NOUN
fbem-7131	37	48	of	of	ADP
fbem-7131	37	49	a	a	DET
fbem-7131	37	50	company	company	NOUN
fbem-7131	37	51	's	's	PART
fbem-7131	37	52	esg	esg	NOUN
fbem-7131	37	53	performance	performance	NOUN
fbem-7131	37	54	,	,	PUNCT
fbem-7131	37	55	but	but	CCONJ
fbem-7131	37	56	there	there	PRON
fbem-7131	37	57	is	be	VERB
fbem-7131	37	58	also	also	ADV
fbem-7131	37	59	a	a	DET
fbem-7131	37	60	growing	grow	VERB
fbem-7131	37	61	body	body	NOUN
fbem-7131	37	62	of	of	ADP
fbem-7131	37	63	academic	academic	ADJ
fbem-7131	37	64	research	research	NOUN
fbem-7131	37	65	that	that	PRON
fbem-7131	37	66	relies	rely	VERB
fbem-7131	37	67	on	on	ADP
fbem-7131	37	68	esg	esg	PROPN
fbem-7131	37	69	ratings	rating	NOUN
fbem-7131	37	70	for	for	ADP
fbem-7131	37	71	both	both	DET
fbem-7131	37	72	qualitative	qualitative	ADJ
fbem-7131	37	73	and	and	CCONJ
fbem-7131	37	74	empirical	empirical	ADJ
fbem-7131	37	75	analysis	analysis	NOUN
fbem-7131	37	76	.	.	PUNCT
fbem-7131	38	1	as	as	SCONJ
fbem-7131	38	2	it	it	PRON
fbem-7131	38	3	is	be	AUX
fbem-7131	38	4	difficult	difficult	ADJ
fbem-7131	38	5	to	to	PART
fbem-7131	38	6	ensure	ensure	VERB
fbem-7131	38	7	the	the	DET
fbem-7131	38	8	validity	validity	NOUN
fbem-7131	38	9	of	of	ADP
fbem-7131	38	10	esg	esg	PROPN
fbem-7131	38	11	evaluation	evaluation	NOUN
fbem-7131	38	12	systems	system	NOUN
fbem-7131	38	13	,	,	PUNCT
fbem-7131	38	14	the	the	DET
fbem-7131	38	15	question	question	NOUN
fbem-7131	38	16	of	of	ADP
fbem-7131	38	17	whether	whether	SCONJ
fbem-7131	38	18	there	there	PRON
fbem-7131	38	19	is	be	VERB
fbem-7131	38	20	consistency	consistency	NOUN
fbem-7131	38	21	between	between	ADP
fbem-7131	38	22	esg	esg	NOUN
fbem-7131	38	23	evaluation	evaluation	NOUN
fbem-7131	38	24	systems	system	NOUN
fbem-7131	38	25	becomes	become	VERB
fbem-7131	38	26	a	a	DET
fbem-7131	38	27	matter	matter	NOUN
fbem-7131	38	28	for	for	ADP
fbem-7131	38	29	further	far	ADV
fbem-7131	38	30	consideration[5	consideration[5	NOUN
fbem-7131	38	31	]	]	PUNCT
fbem-7131	38	32	.	.	PUNCT
fbem-7131	39	1	this	this	DET
fbem-7131	39	2	section	section	NOUN
fbem-7131	39	3	provides	provide	VERB
fbem-7131	39	4	a	a	DET
fbem-7131	39	5	comparative	comparative	ADJ
fbem-7131	39	6	analysis	analysis	NOUN
fbem-7131	39	7	of	of	ADP
fbem-7131	39	8	the	the	DET
fbem-7131	39	9	mainstream	mainstream	NOUN
fbem-7131	39	10	esg	esg	PROPN
fbem-7131	39	11	rating	rating	NOUN
fbem-7131	39	12	agencies	agency	NOUN
fbem-7131	39	13	based	base	VERB
fbem-7131	39	14	on	on	ADP
fbem-7131	39	15	an	an	DET
fbem-7131	39	16	in	in	ADP
fbem-7131	39	17	-	-	PUNCT
fbem-7131	39	18	depth	depth	NOUN
fbem-7131	39	19	understanding	understanding	NOUN
fbem-7131	39	20	of	of	ADP
fbem-7131	39	21	each	each	DET
fbem-7131	39	22	rating	rating	NOUN
fbem-7131	39	23	system	system	NOUN
fbem-7131	39	24	.	.	PUNCT
fbem-7131	40	1	table	table	NOUN
fbem-7131	40	2	3	3	NUM
fbem-7131	40	3	presents	present	VERB
fbem-7131	40	4	a	a	DET
fbem-7131	40	5	comparison	comparison	NOUN
fbem-7131	40	6	of	of	ADP
fbem-7131	40	7	esg	esg	NOUN
fbem-7131	40	8	rating	rating	NOUN
fbem-7131	40	9	systems	system	NOUN
fbem-7131	40	10	.	.	PUNCT
fbem-7131	41	1	(	(	PUNCT
fbem-7131	41	2	note	note	NOUN
fbem-7131	41	3	:	:	PUNCT
fbem-7131	41	4	√	√	NUM
fbem-7131	41	5	indicates	indicate	VERB
fbem-7131	41	6	that	that	SCONJ
fbem-7131	41	7	the	the	DET
fbem-7131	41	8	rating	rating	NOUN
fbem-7131	41	9	system	system	NOUN
fbem-7131	41	10	takes	take	VERB
fbem-7131	41	11	this	this	DET
fbem-7131	41	12	criterion	criterion	NOUN
fbem-7131	41	13	into	into	ADP
fbem-7131	41	14	account	account	NOUN
fbem-7131	41	15	)	)	PUNCT
fbem-7131	41	16	145	145	NUM
fbem-7131	41	17	table	table	NOUN
fbem-7131	41	18	2	2	NUM
fbem-7131	41	19	.	.	PUNCT
fbem-7131	41	20	esg	esg	NOUN
fbem-7131	41	21	rating	rating	NOUN
fbem-7131	41	22	agencies	agency	NOUN
fbem-7131	41	23	and	and	CCONJ
fbem-7131	41	24	the	the	DET
fbem-7131	41	25	official	official	ADJ
fbem-7131	41	26	websites	website	NOUN
fbem-7131	41	27	rating	rating	NOUN
fbem-7131	41	28	agency	agency	NOUN
fbem-7131	41	29	country	country	NOUN
fbem-7131	41	30	profile	profile	PROPN
fbem-7131	41	31	official	official	ADJ
fbem-7131	41	32	website	website	NOUN
fbem-7131	41	33	kld	kld	PROPN
fbem-7131	41	34	us	we	PRON
fbem-7131	41	35	an	an	DET
fbem-7131	41	36	independent	independent	ADJ
fbem-7131	41	37	investment	investment	NOUN
fbem-7131	41	38	research	research	NOUN
fbem-7131	41	39	firm	firm	NOUN
fbem-7131	41	40	providing	provide	VERB
fbem-7131	41	41	authoritative	authoritative	ADJ
fbem-7131	41	42	social	social	ADJ
fbem-7131	41	43	and	and	CCONJ
fbem-7131	41	44	sustainable	sustainable	ADJ
fbem-7131	41	45	investment	investment	NOUN
fbem-7131	41	46	research	research	NOUN
fbem-7131	41	47	,	,	PUNCT
fbem-7131	41	48	advisory	advisory	ADJ
fbem-7131	41	49	services	service	NOUN
fbem-7131	41	50	and	and	CCONJ
fbem-7131	41	51	bench	bench	NOUN
fbem-7131	41	52	-	-	PUNCT
fbem-7131	41	53	marking	mark	VERB
fbem-7131	41	54	and	and	CCONJ
fbem-7131	41	55	strategic	strategic	ADJ
fbem-7131	41	56	indices	index	NOUN
fbem-7131	41	57	for	for	ADP
fbem-7131	41	58	institutional	institutional	ADJ
fbem-7131	41	59	investors	investor	NOUN
fbem-7131	41	60	https://www.kldiscovery.co	https://www.kldiscovery.co	ADV
fbem-7131	41	61	m	m	VERB
fbem-7131	41	62	msci	msci	PROPN
fbem-7131	41	63	us	we	PRON
fbem-7131	41	64	a	a	DET
fbem-7131	41	65	global	global	ADJ
fbem-7131	41	66	indexing	indexing	NOUN
fbem-7131	41	67	company	company	NOUN
fbem-7131	41	68	providing	provide	VERB
fbem-7131	41	69	equity	equity	NOUN
fbem-7131	41	70	funds	fund	NOUN
fbem-7131	41	71	,	,	PUNCT
fbem-7131	41	72	income	income	NOUN
fbem-7131	41	73	funds	fund	NOUN
fbem-7131	41	74	,	,	PUNCT
fbem-7131	41	75	hedge	hedge	NOUN
fbem-7131	41	76	fund	fund	NOUN
fbem-7131	41	77	share	share	NOUN
fbem-7131	41	78	price	price	NOUN
fbem-7131	41	79	indices	index	NOUN
fbem-7131	41	80	and	and	CCONJ
fbem-7131	41	81	shareholder	shareholder	NOUN
fbem-7131	41	82	equity	equity	NOUN
fbem-7131	41	83	portfolio	portfolio	NOUN
fbem-7131	41	84	analysis	analysis	NOUN
fbem-7131	41	85	tools	tool	NOUN
fbem-7131	41	86	https://www.msci.com/	https://www.msci.com/	NOUN
fbem-7131	41	87	sustainalytics	sustainalytics	PROPN
fbem-7131	41	88	netherla	netherla	PROPN
fbem-7131	41	89	nds	nd	VERB
fbem-7131	41	90	a	a	DET
fbem-7131	41	91	global	global	ADJ
fbem-7131	41	92	leader	leader	NOUN
fbem-7131	41	93	in	in	ADP
fbem-7131	41	94	providing	provide	VERB
fbem-7131	41	95	esg	esg	NOUN
fbem-7131	41	96	performance	performance	NOUN
fbem-7131	41	97	assessment	assessment	NOUN
fbem-7131	41	98	and	and	CCONJ
fbem-7131	41	99	research	research	NOUN
fbem-7131	41	100	analysis	analysis	NOUN
fbem-7131	41	101	for	for	ADP
fbem-7131	41	102	listed	list	VERB
fbem-7131	41	103	companies	company	NOUN
fbem-7131	41	104	,	,	PUNCT
fbem-7131	41	105	focusing	focus	VERB
fbem-7131	41	106	on	on	ADP
fbem-7131	41	107	individual	individual	ADJ
fbem-7131	41	108	company	company	NOUN
fbem-7131	41	109	esg	esg	NOUN
fbem-7131	41	110	assessments	assessment	NOUN
fbem-7131	41	111	for	for	ADP
fbem-7131	41	112	investors	investor	NOUN
fbem-7131	41	113	https://www.sustainalytics	https://www.sustainalytic	NOUN
fbem-7131	41	114	.	.	PUNCT
fbem-7131	42	1	com/	com/	NOUN
fbem-7131	42	2	thomson	thomson	PROPN
fbem-7131	42	3	reuters	reuters	PROPN
fbem-7131	42	4	canada	canada	PROPN
fbem-7131	42	5	a	a	DET
fbem-7131	42	6	provider	provider	NOUN
fbem-7131	42	7	of	of	ADP
fbem-7131	42	8	business	business	NOUN
fbem-7131	42	9	and	and	CCONJ
fbem-7131	42	10	professional	professional	ADJ
fbem-7131	42	11	intelligence	intelligence	NOUN
fbem-7131	42	12	information	information	NOUN
fbem-7131	42	13	https://www.thomsonreuter	https://www.thomsonreuter	PROPN
fbem-7131	42	14	s.com/en.html	s.com/en.html	PROPN
fbem-7131	42	15	.	.	PUNCT
fbem-7131	43	1	ftse	ftse	PROPN
fbem-7131	43	2	russell	russell	PROPN
fbem-7131	43	3	uk	uk	PROPN
fbem-7131	43	4	a	a	DET
fbem-7131	43	5	founding	found	VERB
fbem-7131	43	6	signatory	signatory	NOUN
fbem-7131	43	7	of	of	ADP
fbem-7131	43	8	the	the	DET
fbem-7131	43	9	un	un	PROPN
fbem-7131	43	10	principles	principle	NOUN
fbem-7131	43	11	for	for	ADP
fbem-7131	43	12	responsible	responsible	ADJ
fbem-7131	43	13	investment	investment	NOUN
fbem-7131	43	14	and	and	CCONJ
fbem-7131	43	15	a	a	DET
fbem-7131	43	16	leading	lead	VERB
fbem-7131	43	17	global	global	ADJ
fbem-7131	43	18	index	index	NOUN
fbem-7131	43	19	and	and	CCONJ
fbem-7131	43	20	data	datum	NOUN
fbem-7131	43	21	provider	provider	NOUN
fbem-7131	43	22	https://www.ftserussell.cn/	https://www.ftserussell.cn/	NUM
fbem-7131	43	23	s&p	s&p	PROPN
fbem-7131	43	24	dow	dow	PROPN
fbem-7131	43	25	jones	jones	PROPN
fbem-7131	43	26	us	us	PROPN
fbem-7131	43	27	the	the	DET
fbem-7131	43	28	recognized	recognize	VERB
fbem-7131	43	29	standard	standard	NOUN
fbem-7131	43	30	in	in	ADP
fbem-7131	43	31	the	the	DET
fbem-7131	43	32	financial	financial	ADJ
fbem-7131	43	33	and	and	CCONJ
fbem-7131	43	34	investment	investment	NOUN
fbem-7131	43	35	community	community	NOUN
fbem-7131	43	36	,	,	PUNCT
fbem-7131	43	37	providing	provide	VERB
fbem-7131	43	38	widely	widely	ADV
fbem-7131	43	39	recognized	recognize	VERB
fbem-7131	43	40	credit	credit	NOUN
fbem-7131	43	41	ratings	rating	NOUN
fbem-7131	43	42	,	,	PUNCT
fbem-7131	43	43	independent	independent	ADJ
fbem-7131	43	44	analytical	analytical	ADJ
fbem-7131	43	45	research	research	NOUN
fbem-7131	43	46	,	,	PUNCT
fbem-7131	43	47	investment	investment	NOUN
fbem-7131	43	48	advice	advice	NOUN
fbem-7131	43	49	and	and	CCONJ
fbem-7131	43	50	other	other	ADJ
fbem-7131	43	51	services	service	NOUN
fbem-7131	43	52	,	,	PUNCT
fbem-7131	43	53	a	a	DET
fbem-7131	43	54	worldclass	worldclass	ADJ
fbem-7131	43	55	consultancy	consultancy	NOUN
fbem-7131	43	56	brand	brand	NOUN
fbem-7131	43	57	and	and	CCONJ
fbem-7131	43	58	authoritative	authoritative	ADJ
fbem-7131	43	59	international	international	ADJ
fbem-7131	43	60	analysts	analyst	NOUN
fbem-7131	43	61	https://www.spglobal.com/	https://www.spglobal.com/	NOUN
fbem-7131	43	62	spdji	spdji	PROPN
fbem-7131	43	63	/	/	SYM
fbem-7131	43	64	zh/	zh/	PROPN
fbem-7131	43	65	vigeo	vigeo	PROPN
fbem-7131	43	66	eiris	eiris	PROPN
fbem-7131	43	67	france	france	PROPN
fbem-7131	43	68	a	a	DET
fbem-7131	43	69	global	global	ADJ
fbem-7131	43	70	company	company	NOUN
fbem-7131	43	71	providing	provide	VERB
fbem-7131	43	72	esg	esg	PROPN
fbem-7131	43	73	research	research	NOUN
fbem-7131	43	74	and	and	CCONJ
fbem-7131	43	75	services	service	NOUN
fbem-7131	43	76	to	to	ADP
fbem-7131	43	77	investors	investor	NOUN
fbem-7131	43	78	,	,	PUNCT
fbem-7131	43	79	the	the	DET
fbem-7131	43	80	public	public	ADJ
fbem-7131	43	81	sector	sector	NOUN
fbem-7131	43	82	,	,	PUNCT
fbem-7131	43	83	private	private	ADJ
fbem-7131	43	84	sector	sector	NOUN
fbem-7131	43	85	and	and	CCONJ
fbem-7131	43	86	not	not	PART
fbem-7131	43	87	-	-	PUNCT
fbem-7131	43	88	for	for	ADP
fbem-7131	43	89	-	-	PUNCT
fbem-7131	43	90	profit	profit	NOUN
fbem-7131	43	91	organisations	organisation	NOUN
fbem-7131	43	92	,	,	PUNCT
fbem-7131	43	93	known	know	VERB
fbem-7131	43	94	as	as	ADP
fbem-7131	43	95	a	a	DET
fbem-7131	43	96	global	global	ADJ
fbem-7131	43	97	pioneer	pioneer	NOUN
fbem-7131	43	98	in	in	ADP
fbem-7131	43	99	esg	esg	NOUN
fbem-7131	43	100	analysis	analysis	NOUN
fbem-7131	43	101	and	and	CCONJ
fbem-7131	43	102	an	an	DET
fbem-7131	43	103	accredited	accredited	ADJ
fbem-7131	43	104	validator	validator	NOUN
fbem-7131	43	105	by	by	ADP
fbem-7131	43	106	the	the	DET
fbem-7131	43	107	climate	climate	NOUN
fbem-7131	43	108	bonds	bond	NOUN
fbem-7131	43	109	initiative	initiative	NOUN
fbem-7131	43	110	(	(	PUNCT
fbem-7131	43	111	cbi	cbi	NOUN
fbem-7131	43	112	)	)	PUNCT
fbem-7131	43	113	climate	climate	NOUN
fbem-7131	43	114	bonds	bond	NOUN
fbem-7131	43	115	standards	standard	NOUN
fbem-7131	43	116	board	board	PROPN
fbem-7131	43	117	https://vigeo-eiris.com	https://vigeo-eiris.com	PROPN
fbem-7131	43	118	syntao	syntao	PROPN
fbem-7131	43	119	green	green	PROPN
fbem-7131	43	120	finance	finance	PROPN
fbem-7131	43	121	china	china	PROPN
fbem-7131	43	122	a	a	DET
fbem-7131	43	123	leading	lead	VERB
fbem-7131	43	124	professional	professional	ADJ
fbem-7131	43	125	service	service	NOUN
fbem-7131	43	126	provider	provider	NOUN
fbem-7131	43	127	of	of	ADP
fbem-7131	43	128	green	green	ADJ
fbem-7131	43	129	finance	finance	NOUN
fbem-7131	43	130	and	and	CCONJ
fbem-7131	43	131	responsible	responsible	ADJ
fbem-7131	43	132	investment	investment	NOUN
fbem-7131	43	133	in	in	ADP
fbem-7131	43	134	china	china	PROPN
fbem-7131	43	135	,	,	PUNCT
fbem-7131	43	136	focusing	focus	VERB
fbem-7131	43	137	on	on	ADP
fbem-7131	43	138	providing	provide	VERB
fbem-7131	43	139	clients	client	NOUN
fbem-7131	43	140	with	with	ADP
fbem-7131	43	141	information	information	NOUN
fbem-7131	43	142	services	service	NOUN
fbem-7131	43	143	on	on	ADP
fbem-7131	43	144	responsible	responsible	ADJ
fbem-7131	43	145	investment	investment	NOUN
fbem-7131	43	146	and	and	CCONJ
fbem-7131	43	147	esg	esg	NOUN
fbem-7131	43	148	assessment	assessment	NOUN
fbem-7131	43	149	,	,	PUNCT
fbem-7131	43	150	green	green	ADJ
fbem-7131	43	151	bond	bond	NOUN
fbem-7131	43	152	assessment	assessment	NOUN
fbem-7131	43	153	and	and	CCONJ
fbem-7131	43	154	certification	certification	NOUN
fbem-7131	43	155	,	,	PUNCT
fbem-7131	43	156	green	green	ADJ
fbem-7131	43	157	finance	finance	NOUN
fbem-7131	43	158	consulting	consulting	NOUN
fbem-7131	43	159	and	and	CCONJ
fbem-7131	43	160	research	research	NOUN
fbem-7131	43	161	and	and	CCONJ
fbem-7131	43	162	other	other	ADJ
fbem-7131	43	163	professional	professional	ADJ
fbem-7131	43	164	services	service	NOUN
fbem-7131	43	165	http://www.syntaogf.com/i	http://www.syntaogf.com/i	PROPN
fbem-7131	43	166	ndex_cn.asp	ndex_cn.asp	ADJ
fbem-7131	43	167	harvest	harvest	NOUN
fbem-7131	43	168	funds	fund	NOUN
fbem-7131	43	169	china	china	PROPN
fbem-7131	43	170	one	one	NUM
fbem-7131	43	171	of	of	ADP
fbem-7131	43	172	the	the	DET
fbem-7131	43	173	first	first	ADJ
fbem-7131	43	174	ten	ten	NUM
fbem-7131	43	175	fund	fund	NOUN
fbem-7131	43	176	management	management	NOUN
fbem-7131	43	177	companies	company	NOUN
fbem-7131	43	178	established	establish	VERB
fbem-7131	43	179	in	in	ADP
fbem-7131	43	180	china	china	PROPN
fbem-7131	43	181	,	,	PUNCT
fbem-7131	43	182	and	and	CCONJ
fbem-7131	43	183	one	one	NUM
fbem-7131	43	184	of	of	ADP
fbem-7131	43	185	the	the	DET
fbem-7131	43	186	first	first	ADJ
fbem-7131	43	187	public	public	ADJ
fbem-7131	43	188	funds	fund	NOUN
fbem-7131	43	189	in	in	ADP
fbem-7131	43	190	china	china	PROPN
fbem-7131	43	191	to	to	PART
fbem-7131	43	192	invest	invest	VERB
fbem-7131	43	193	in	in	ADP
fbem-7131	43	194	esg	esg	PROPN
fbem-7131	43	195	research	research	NOUN
fbem-7131	43	196	and	and	CCONJ
fbem-7131	43	197	practice	practice	NOUN
fbem-7131	43	198	esg	esg	PROPN
fbem-7131	43	199	investment	investment	NOUN
fbem-7131	43	200	https://jsfund.cn/	https://jsfund.cn/	PROPN
fbem-7131	43	201	china	china	PROPN
fbem-7131	43	202	securities	security	NOUN
fbem-7131	43	203	china	china	PROPN
fbem-7131	43	204	an	an	DET
fbem-7131	43	205	independent	independent	ADJ
fbem-7131	43	206	third	third	ADJ
fbem-7131	43	207	-	-	PUNCT
fbem-7131	43	208	party	party	NOUN
fbem-7131	43	209	professional	professional	ADJ
fbem-7131	43	210	services	service	NOUN
fbem-7131	43	211	provider	provider	NOUN
fbem-7131	43	212	for	for	ADP
fbem-7131	43	213	all	all	DET
fbem-7131	43	214	types	type	NOUN
fbem-7131	43	215	of	of	ADP
fbem-7131	43	216	asset	asset	NOUN
fbem-7131	43	217	management	management	NOUN
fbem-7131	43	218	institutions	institution	NOUN
fbem-7131	43	219	,	,	PUNCT
fbem-7131	43	220	specializing	specialize	VERB
fbem-7131	43	221	in	in	ADP
fbem-7131	43	222	integrated	integrated	ADJ
fbem-7131	43	223	index	index	NOUN
fbem-7131	43	224	and	and	CCONJ
fbem-7131	43	225	indexed	index	VERB
fbem-7131	43	226	investment	investment	NOUN
fbem-7131	43	227	services	service	NOUN
fbem-7131	43	228	http://www.chindices.com/	http://www.chindices.com/	NOUN
fbem-7131	43	229	rks	rk	NOUN
fbem-7131	44	1	china	china	PROPN
fbem-7131	44	2	china	china	PROPN
fbem-7131	44	3	's	's	PART
fbem-7131	44	4	authoritative	authoritative	ADJ
fbem-7131	44	5	third	third	ADJ
fbem-7131	44	6	-	-	PUNCT
fbem-7131	44	7	party	party	NOUN
fbem-7131	44	8	csr	csr	NOUN
fbem-7131	44	9	rating	rating	NOUN
fbem-7131	44	10	agency	agency	NOUN
fbem-7131	44	11	,	,	PUNCT
fbem-7131	44	12	dedicated	dedicate	VERB
fbem-7131	44	13	to	to	ADP
fbem-7131	44	14	providing	provide	VERB
fbem-7131	44	15	objective	objective	ADJ
fbem-7131	44	16	and	and	CCONJ
fbem-7131	44	17	scientific	scientific	ADJ
fbem-7131	44	18	csr	csr	NOUN
fbem-7131	44	19	rating	rating	NOUN
fbem-7131	44	20	information	information	NOUN
fbem-7131	44	21	to	to	ADP
fbem-7131	44	22	responsible	responsible	ADJ
fbem-7131	44	23	investors	investor	NOUN
fbem-7131	44	24	,	,	PUNCT
fbem-7131	44	25	responsible	responsible	ADJ
fbem-7131	44	26	consumers	consumer	NOUN
fbem-7131	44	27	and	and	CCONJ
fbem-7131	44	28	the	the	DET
fbem-7131	44	29	public	public	ADJ
fbem-7131	44	30	http://www.rksratings.cn/	http://www.rksratings.cn/	NUM
fbem-7131	44	31	source	source	NOUN
fbem-7131	44	32	:	:	PUNCT
fbem-7131	44	33	collected	collect	VERB
fbem-7131	44	34	from	from	ADP
fbem-7131	44	35	public	public	ADJ
fbem-7131	44	36	information	information	NOUN
fbem-7131	44	37	.	.	PUNCT
fbem-7131	45	1	table	table	NOUN
fbem-7131	46	1	3	3	NUM
fbem-7131	46	2	.	.	PUNCT
fbem-7131	46	3	comparison	comparison	NOUN
fbem-7131	46	4	of	of	ADP
fbem-7131	46	5	esg	esg	PROPN
fbem-7131	46	6	evaluation	evaluation	NOUN
fbem-7131	46	7	systems	system	NOUN
fbem-7131	46	8	indicator	indicator	NOUN
fbem-7131	46	9	kld	kld	PROPN
fbem-7131	46	10	msci	msci	PROPN
fbem-7131	46	11	sustainalytics	sustainalytics	PROPN
fbem-7131	46	12	thomson	thomson	PROPN
fbem-7131	46	13	reuters	reuters	PROPN
fbem-7131	46	14	ftse	ftse	PROPN
fbem-7131	46	15	russell	russell	PROPN
fbem-7131	46	16	s&p	s&p	PROPN
fbem-7131	46	17	dow	dow	PROPN
fbem-7131	46	18	jones	jones	PROPN
fbem-7131	46	19	vigeo	vigeo	PROPN
fbem-7131	46	20	eiris	eiris	PROPN
fbem-7131	46	21	syntao	syntao	PROPN
fbem-7131	46	22	green	green	PROPN
fbem-7131	46	23	finance	finance	PROPN
fbem-7131	46	24	harvest	harvest	NOUN
fbem-7131	46	25	funds	fund	NOUN
fbem-7131	46	26	china	china	PROPN
fbem-7131	46	27	securities	security	NOUN
fbem-7131	46	28	rks	rk	VERB
fbem-7131	46	29	whether	whether	SCONJ
fbem-7131	46	30	to	to	PART
fbem-7131	46	31	consider	consider	VERB
fbem-7131	46	32	product	product	NOUN
fbem-7131	46	33	safety	safety	NOUN
fbem-7131	46	34	√	√	ADV
fbem-7131	46	35	√	√	NUM
fbem-7131	46	36	√	√	PROPN
fbem-7131	46	37	√	√	NUM
fbem-7131	46	38	√	√	NUM
fbem-7131	46	39	√	√	NUM
fbem-7131	46	40	√	√	INTJ
fbem-7131	46	41	whether	whether	SCONJ
fbem-7131	46	42	financial	financial	ADJ
fbem-7131	46	43	indicators	indicator	NOUN
fbem-7131	46	44	are	be	AUX
fbem-7131	46	45	considered	consider	VERB
fbem-7131	46	46	√	√	PROPN
fbem-7131	46	47	√	√	PROPN
fbem-7131	46	48	√	√	NUM
fbem-7131	46	49	√	√	NUM
fbem-7131	46	50	√	√	NUM
fbem-7131	46	51	√	√	NUM
fbem-7131	46	52	√	√	NUM
fbem-7131	46	53	√	√	VERB
fbem-7131	46	54	whether	whether	SCONJ
fbem-7131	46	55	to	to	PART
fbem-7131	46	56	consider	consider	VERB
fbem-7131	46	57	controversial	controversial	ADJ
fbem-7131	46	58	events	event	NOUN
fbem-7131	46	59	√	√	ADP
fbem-7131	46	60	√	√	NUM
fbem-7131	46	61	√	√	PROPN
fbem-7131	46	62	√	√	NUM
fbem-7131	46	63	√	√	NUM
fbem-7131	46	64	√	√	ADP
fbem-7131	46	65	whether	whether	SCONJ
fbem-7131	46	66	to	to	PART
fbem-7131	46	67	exclude	exclude	VERB
fbem-7131	46	68	sensitive	sensitive	ADJ
fbem-7131	46	69	industries	industry	NOUN
fbem-7131	46	70	√	√	NOUN
fbem-7131	46	71	√	√	CCONJ
fbem-7131	46	72	√	√	VERB
fbem-7131	46	73	whether	whether	SCONJ
fbem-7131	46	74	to	to	PART
fbem-7131	46	75	standardize	standardize	VERB
fbem-7131	46	76	ratings	rating	NOUN
fbem-7131	46	77	√	√	ADP
fbem-7131	46	78	√	√	NUM
fbem-7131	46	79	√	√	VERB
fbem-7131	46	80	whether	whether	SCONJ
fbem-7131	46	81	to	to	PART
fbem-7131	46	82	consider	consider	VERB
fbem-7131	46	83	company	company	NOUN
fbem-7131	46	84	initiatives	initiative	NOUN
fbem-7131	46	85	to	to	PART
fbem-7131	46	86	expose	expose	VERB
fbem-7131	46	87	problems	problem	NOUN
fbem-7131	46	88	√	√	ADP
fbem-7131	46	89	√	√	VERB
fbem-7131	46	90	whether	whether	SCONJ
fbem-7131	46	91	to	to	PART
fbem-7131	46	92	communicate	communicate	VERB
fbem-7131	46	93	with	with	ADP
fbem-7131	46	94	the	the	DET
fbem-7131	46	95	company	company	NOUN
fbem-7131	46	96	√	√	ADV
fbem-7131	46	97	√	√	PROPN
fbem-7131	46	98	√	√	VERB
fbem-7131	46	99	whether	whether	SCONJ
fbem-7131	46	100	to	to	PART
fbem-7131	46	101	use	use	VERB
fbem-7131	46	102	scoring	scoring	NOUN
fbem-7131	46	103	method	method	NOUN
fbem-7131	46	104	√	√	PROPN
fbem-7131	46	105	√	√	PROPN
fbem-7131	46	106	√	√	NUM
fbem-7131	46	107	√	√	NUM
fbem-7131	46	108	√	√	NUM
fbem-7131	46	109	√	√	NUM
fbem-7131	46	110	√	√	NUM
fbem-7131	46	111	√	√	NUM
fbem-7131	46	112	√	√	VERB
fbem-7131	46	113	whether	whether	SCONJ
fbem-7131	46	114	to	to	PART
fbem-7131	46	115	consider	consider	VERB
fbem-7131	46	116	the	the	DET
fbem-7131	46	117	risks	risk	NOUN
fbem-7131	46	118	and	and	CCONJ
fbem-7131	46	119	opportunities	opportunity	NOUN
fbem-7131	46	120	of	of	ADP
fbem-7131	46	121	esg	esg	PROPN
fbem-7131	46	122	√	√	PROPN
fbem-7131	46	123	√	√	PROPN
fbem-7131	46	124	√	√	PROPN
fbem-7131	46	125	√	√	NUM
fbem-7131	46	126	√	√	NUM
fbem-7131	46	127	√	√	NUM
fbem-7131	46	128	√	√	NUM
fbem-7131	46	129	source	source	NOUN
fbem-7131	46	130	:	:	PUNCT
fbem-7131	46	131	collected	collect	VERB
fbem-7131	46	132	from	from	ADP
fbem-7131	46	133	public	public	ADJ
fbem-7131	46	134	information	information	NOUN
fbem-7131	46	135	.	.	PUNCT
fbem-7131	47	1	146	146	NUM
fbem-7131	47	2	5	5	NUM
fbem-7131	47	3	.	.	PUNCT
fbem-7131	47	4	conclusions	conclusion	NOUN
fbem-7131	47	5	and	and	CCONJ
fbem-7131	47	6	suggestions	suggestion	NOUN
fbem-7131	47	7	5.1	5.1	NUM
fbem-7131	47	8	.	.	PUNCT
fbem-7131	48	1	conclusions	conclusion	NOUN
fbem-7131	48	2	firstly	firstly	ADV
fbem-7131	48	3	,	,	PUNCT
fbem-7131	48	4	there	there	PRON
fbem-7131	48	5	is	be	VERB
fbem-7131	48	6	a	a	DET
fbem-7131	48	7	lack	lack	NOUN
fbem-7131	48	8	of	of	ADP
fbem-7131	48	9	unified	unified	ADJ
fbem-7131	48	10	esg	esg	NOUN
fbem-7131	48	11	information	information	NOUN
fbem-7131	48	12	disclosure	disclosure	NOUN
fbem-7131	48	13	and	and	CCONJ
fbem-7131	48	14	rating	rating	NOUN
fbem-7131	48	15	standards	standard	NOUN
fbem-7131	48	16	.	.	PUNCT
fbem-7131	49	1	esg	esg	NOUN
fbem-7131	49	2	-	-	PUNCT
fbem-7131	49	3	related	relate	VERB
fbem-7131	49	4	regulatory	regulatory	ADJ
fbem-7131	49	5	documents	document	NOUN
fbem-7131	49	6	in	in	ADP
fbem-7131	49	7	china	china	PROPN
fbem-7131	49	8	mainly	mainly	ADV
fbem-7131	49	9	focus	focus	VERB
fbem-7131	49	10	on	on	ADP
fbem-7131	49	11	rules	rule	NOUN
fbem-7131	49	12	for	for	ADP
fbem-7131	49	13	the	the	DET
fbem-7131	49	14	single	single	ADJ
fbem-7131	49	15	dimensions	dimension	NOUN
fbem-7131	49	16	of	of	ADP
fbem-7131	49	17	environment	environment	NOUN
fbem-7131	49	18	,	,	PUNCT
fbem-7131	49	19	social	social	ADJ
fbem-7131	49	20	responsibility	responsibility	NOUN
fbem-7131	49	21	and	and	CCONJ
fbem-7131	49	22	corporate	corporate	ADJ
fbem-7131	49	23	governance	governance	NOUN
fbem-7131	49	24	,	,	PUNCT
fbem-7131	49	25	and	and	CCONJ
fbem-7131	49	26	no	no	DET
fbem-7131	49	27	unified	unified	ADJ
fbem-7131	49	28	esg	esg	NOUN
fbem-7131	49	29	-	-	PUNCT
fbem-7131	49	30	related	relate	VERB
fbem-7131	49	31	guidelines	guideline	NOUN
fbem-7131	49	32	have	have	AUX
fbem-7131	49	33	been	be	AUX
fbem-7131	49	34	issued	issue	VERB
fbem-7131	49	35	.	.	PUNCT
fbem-7131	50	1	secondly	secondly	ADV
fbem-7131	50	2	,	,	PUNCT
fbem-7131	50	3	the	the	DET
fbem-7131	50	4	choice	choice	NOUN
fbem-7131	50	5	of	of	ADP
fbem-7131	50	6	the	the	DET
fbem-7131	50	7	reference	reference	NOUN
fbem-7131	50	8	benchmark	benchmark	NOUN
fbem-7131	50	9	is	be	AUX
fbem-7131	50	10	arbitrary	arbitrary	ADJ
fbem-7131	50	11	:	:	PUNCT
fbem-7131	50	12	esg	esg	NOUN
fbem-7131	50	13	rating	rating	NOUN
fbem-7131	50	14	agencies	agency	NOUN
fbem-7131	50	15	can	can	AUX
fbem-7131	50	16	choose	choose	VERB
fbem-7131	50	17	to	to	PART
fbem-7131	50	18	evaluate	evaluate	VERB
fbem-7131	50	19	all	all	DET
fbem-7131	50	20	enterprises	enterprise	NOUN
fbem-7131	50	21	under	under	ADP
fbem-7131	50	22	a	a	DET
fbem-7131	50	23	unified	unified	ADJ
fbem-7131	50	24	reference	reference	NOUN
fbem-7131	50	25	benchmark	benchmark	NOUN
fbem-7131	50	26	,	,	PUNCT
fbem-7131	50	27	or	or	CCONJ
fbem-7131	50	28	they	they	PRON
fbem-7131	50	29	can	can	AUX
fbem-7131	50	30	classify	classify	VERB
fbem-7131	50	31	enterprises	enterprise	NOUN
fbem-7131	50	32	according	accord	VERB
fbem-7131	50	33	to	to	ADP
fbem-7131	50	34	their	their	PRON
fbem-7131	50	35	industry	industry	NOUN
fbem-7131	50	36	characteristics	characteristic	NOUN
fbem-7131	50	37	and	and	CCONJ
fbem-7131	50	38	set	set	VERB
fbem-7131	50	39	up	up	ADP
fbem-7131	50	40	multiple	multiple	ADJ
fbem-7131	50	41	parallel	parallel	ADJ
fbem-7131	50	42	reference	reference	NOUN
fbem-7131	50	43	benchmarks	benchmark	NOUN
fbem-7131	50	44	,	,	PUNCT
fbem-7131	50	45	and	and	CCONJ
fbem-7131	50	46	only	only	ADV
fbem-7131	50	47	evaluate	evaluate	VERB
fbem-7131	50	48	enterprises	enterprise	NOUN
fbem-7131	50	49	belonging	belong	VERB
fbem-7131	50	50	to	to	ADP
fbem-7131	50	51	the	the	DET
fbem-7131	50	52	same	same	ADJ
fbem-7131	50	53	sub	sub	NOUN
fbem-7131	50	54	-	-	NOUN
fbem-7131	50	55	category	category	NOUN
fbem-7131	50	56	under	under	ADP
fbem-7131	50	57	their	their	PRON
fbem-7131	50	58	corresponding	corresponding	ADJ
fbem-7131	50	59	reference	reference	NOUN
fbem-7131	50	60	benchmark	benchmark	NOUN
fbem-7131	50	61	.	.	PUNCT
fbem-7131	51	1	thirdly	thirdly	ADV
fbem-7131	51	2	,	,	PUNCT
fbem-7131	51	3	there	there	PRON
fbem-7131	51	4	is	be	VERB
fbem-7131	51	5	a	a	DET
fbem-7131	51	6	certain	certain	ADJ
fbem-7131	51	7	lag	lag	NOUN
fbem-7131	51	8	in	in	ADP
fbem-7131	51	9	the	the	DET
fbem-7131	51	10	data	datum	NOUN
fbem-7131	51	11	of	of	ADP
fbem-7131	51	12	esg	esg	NOUN
fbem-7131	51	13	rating	rating	NOUN
fbem-7131	51	14	results	result	NOUN
fbem-7131	51	15	.	.	PUNCT
fbem-7131	52	1	restricted	restrict	VERB
fbem-7131	52	2	by	by	ADP
fbem-7131	52	3	the	the	DET
fbem-7131	52	4	low	low	ADJ
fbem-7131	52	5	frequency	frequency	NOUN
fbem-7131	52	6	of	of	ADP
fbem-7131	52	7	disclosure	disclosure	NOUN
fbem-7131	52	8	of	of	ADP
fbem-7131	52	9	information	information	NOUN
fbem-7131	52	10	such	such	ADJ
fbem-7131	52	11	as	as	ADP
fbem-7131	52	12	corporate	corporate	ADJ
fbem-7131	52	13	sustainability	sustainability	NOUN
fbem-7131	52	14	reports	report	NOUN
fbem-7131	52	15	and	and	CCONJ
fbem-7131	52	16	esg	esg	NOUN
fbem-7131	52	17	reports	report	NOUN
fbem-7131	52	18	(	(	PUNCT
fbem-7131	52	19	semi	semi	ADJ
fbem-7131	52	20	-	-	ADJ
fbem-7131	52	21	annual	annual	ADJ
fbem-7131	52	22	and	and	CCONJ
fbem-7131	52	23	annual	annual	ADJ
fbem-7131	52	24	)	)	PUNCT
fbem-7131	52	25	,	,	PUNCT
fbem-7131	52	26	most	most	ADJ
fbem-7131	52	27	esg	esg	NOUN
fbem-7131	52	28	rating	rating	NOUN
fbem-7131	52	29	data	datum	NOUN
fbem-7131	52	30	is	be	AUX
fbem-7131	52	31	updated	update	VERB
fbem-7131	52	32	quarterly	quarterly	ADV
fbem-7131	52	33	,	,	PUNCT
fbem-7131	52	34	with	with	ADP
fbem-7131	52	35	the	the	DET
fbem-7131	52	36	most	most	ADV
fbem-7131	52	37	frequent	frequent	ADJ
fbem-7131	52	38	update	update	NOUN
fbem-7131	52	39	being	be	AUX
fbem-7131	52	40	the	the	DET
fbem-7131	52	41	csi	csi	PROPN
fbem-7131	52	42	esg	esg	PROPN
fbem-7131	52	43	rating	rating	NOUN
fbem-7131	52	44	(	(	PUNCT
fbem-7131	52	45	monthly	monthly	ADJ
fbem-7131	52	46	update	update	NOUN
fbem-7131	52	47	)	)	PUNCT
fbem-7131	52	48	.	.	PUNCT
fbem-7131	53	1	without	without	ADP
fbem-7131	53	2	triggering	trigger	VERB
fbem-7131	53	3	specific	specific	ADJ
fbem-7131	53	4	events	event	NOUN
fbem-7131	53	5	,	,	PUNCT
fbem-7131	53	6	there	there	PRON
fbem-7131	53	7	is	be	VERB
fbem-7131	53	8	a	a	DET
fbem-7131	53	9	lag	lag	NOUN
fbem-7131	53	10	of	of	ADP
fbem-7131	53	11	2	2	NUM
fbem-7131	53	12	-	-	SYM
fbem-7131	53	13	3	3	NUM
fbem-7131	53	14	months	month	NOUN
fbem-7131	53	15	in	in	ADP
fbem-7131	53	16	esg	esg	PROPN
fbem-7131	53	17	rating	rating	NOUN
fbem-7131	53	18	data	datum	NOUN
fbem-7131	53	19	,	,	PUNCT
fbem-7131	53	20	which	which	PRON
fbem-7131	53	21	is	be	AUX
fbem-7131	53	22	doubtful	doubtful	ADJ
fbem-7131	53	23	for	for	ADP
fbem-7131	53	24	the	the	DET
fbem-7131	53	25	reference	reference	NOUN
fbem-7131	53	26	role	role	NOUN
fbem-7131	53	27	and	and	CCONJ
fbem-7131	53	28	validity	validity	NOUN
fbem-7131	53	29	of	of	ADP
fbem-7131	53	30	esg	esg	PROPN
fbem-7131	53	31	investment	investment	NOUN
fbem-7131	53	32	.	.	PUNCT
fbem-7131	54	1	fourthly	fourthly	ADV
fbem-7131	54	2	,	,	PUNCT
fbem-7131	54	3	the	the	DET
fbem-7131	54	4	data	datum	NOUN
fbem-7131	54	5	of	of	ADP
fbem-7131	54	6	esg	esg	NOUN
fbem-7131	54	7	rating	rating	NOUN
fbem-7131	54	8	results	result	NOUN
fbem-7131	54	9	may	may	AUX
fbem-7131	54	10	be	be	AUX
fbem-7131	54	11	biased	bias	VERB
fbem-7131	54	12	due	due	ADP
fbem-7131	54	13	to	to	ADP
fbem-7131	54	14	the	the	DET
fbem-7131	54	15	influence	influence	NOUN
fbem-7131	54	16	of	of	ADP
fbem-7131	54	17	missing	miss	VERB
fbem-7131	54	18	values	value	NOUN
fbem-7131	54	19	.	.	PUNCT
fbem-7131	55	1	due	due	ADP
fbem-7131	55	2	to	to	ADP
fbem-7131	55	3	the	the	DET
fbem-7131	55	4	low	low	ADJ
fbem-7131	55	5	level	level	NOUN
fbem-7131	55	6	of	of	ADP
fbem-7131	55	7	data	datum	NOUN
fbem-7131	55	8	disclosure	disclosure	NOUN
fbem-7131	55	9	of	of	ADP
fbem-7131	55	10	some	some	DET
fbem-7131	55	11	companies	company	NOUN
fbem-7131	55	12	,	,	PUNCT
fbem-7131	55	13	esg	esg	NOUN
fbem-7131	55	14	rating	rating	NOUN
fbem-7131	55	15	agencies	agency	NOUN
fbem-7131	55	16	have	have	VERB
fbem-7131	55	17	to	to	PART
fbem-7131	55	18	use	use	VERB
fbem-7131	55	19	a	a	DET
fbem-7131	55	20	large	large	ADJ
fbem-7131	55	21	number	number	NOUN
fbem-7131	55	22	of	of	ADP
fbem-7131	55	23	replacement	replacement	NOUN
fbem-7131	55	24	values	value	NOUN
fbem-7131	55	25	to	to	PART
fbem-7131	55	26	fill	fill	VERB
fbem-7131	55	27	in	in	ADP
fbem-7131	55	28	the	the	DET
fbem-7131	55	29	data	data	NOUN
fbem-7131	55	30	processing	processing	NOUN
fbem-7131	55	31	process	process	NOUN
fbem-7131	55	32	,	,	PUNCT
fbem-7131	55	33	and	and	CCONJ
fbem-7131	55	34	the	the	DET
fbem-7131	55	35	accuracy	accuracy	NOUN
fbem-7131	55	36	of	of	ADP
fbem-7131	55	37	the	the	DET
fbem-7131	55	38	replacement	replacement	NOUN
fbem-7131	55	39	value	value	NOUN
fbem-7131	55	40	fitting	fitting	ADJ
fbem-7131	55	41	results	result	NOUN
fbem-7131	55	42	is	be	AUX
fbem-7131	55	43	very	very	ADV
fbem-7131	55	44	dependent	dependent	ADJ
fbem-7131	55	45	on	on	ADP
fbem-7131	55	46	the	the	DET
fbem-7131	55	47	setting	setting	NOUN
fbem-7131	55	48	of	of	ADP
fbem-7131	55	49	the	the	DET
fbem-7131	55	50	model	model	NOUN
fbem-7131	55	51	,	,	PUNCT
fbem-7131	55	52	which	which	PRON
fbem-7131	55	53	needs	need	VERB
fbem-7131	55	54	to	to	PART
fbem-7131	55	55	be	be	AUX
fbem-7131	55	56	constantly	constantly	ADV
fbem-7131	55	57	debugged	debug	VERB
fbem-7131	55	58	and	and	CCONJ
fbem-7131	55	59	optimised	optimise	VERB
fbem-7131	55	60	.	.	PUNCT
fbem-7131	56	1	therefore	therefore	ADV
fbem-7131	56	2	,	,	PUNCT
fbem-7131	56	3	the	the	DET
fbem-7131	56	4	reasonableness	reasonableness	NOUN
fbem-7131	56	5	of	of	ADP
fbem-7131	56	6	the	the	DET
fbem-7131	56	7	esg	esg	NOUN
fbem-7131	56	8	rating	rating	NOUN
fbem-7131	56	9	agencies	agency	NOUN
fbem-7131	56	10	'	'	PART
fbem-7131	56	11	handling	handling	NOUN
fbem-7131	56	12	of	of	ADP
fbem-7131	56	13	missing	miss	VERB
fbem-7131	56	14	values	value	NOUN
fbem-7131	56	15	remains	remain	VERB
fbem-7131	56	16	to	to	PART
fbem-7131	56	17	be	be	AUX
fbem-7131	56	18	examined	examine	VERB
fbem-7131	56	19	.	.	PUNCT
fbem-7131	57	1	5.2	5.2	NUM
fbem-7131	57	2	.	.	PUNCT
fbem-7131	57	3	suggestions	suggestion	NOUN
fbem-7131	57	4	the	the	DET
fbem-7131	57	5	first	first	ADJ
fbem-7131	57	6	is	be	AUX
fbem-7131	57	7	to	to	PART
fbem-7131	57	8	raise	raise	VERB
fbem-7131	57	9	the	the	DET
fbem-7131	57	10	importance	importance	NOUN
fbem-7131	57	11	of	of	ADP
fbem-7131	57	12	the	the	DET
fbem-7131	57	13	esg	esg	NOUN
fbem-7131	57	14	system	system	NOUN
fbem-7131	57	15	among	among	ADP
fbem-7131	57	16	various	various	ADJ
fbem-7131	57	17	actors	actor	NOUN
fbem-7131	57	18	.	.	PUNCT
fbem-7131	58	1	the	the	DET
fbem-7131	58	2	government	government	NOUN
fbem-7131	58	3	sector	sector	NOUN
fbem-7131	58	4	is	be	AUX
fbem-7131	58	5	an	an	DET
fbem-7131	58	6	important	important	ADJ
fbem-7131	58	7	leader	leader	NOUN
fbem-7131	58	8	and	and	CCONJ
fbem-7131	58	9	layout	layout	NOUN
fbem-7131	58	10	in	in	ADP
fbem-7131	58	11	promoting	promote	VERB
fbem-7131	58	12	the	the	DET
fbem-7131	58	13	development	development	NOUN
fbem-7131	58	14	of	of	ADP
fbem-7131	58	15	the	the	DET
fbem-7131	58	16	esg	esg	NOUN
fbem-7131	58	17	concept	concept	NOUN
fbem-7131	58	18	in	in	ADP
fbem-7131	58	19	china	china	PROPN
fbem-7131	58	20	.	.	PUNCT
fbem-7131	59	1	the	the	DET
fbem-7131	59	2	government	government	NOUN
fbem-7131	59	3	needs	need	VERB
fbem-7131	59	4	to	to	PART
fbem-7131	59	5	be	be	AUX
fbem-7131	59	6	aware	aware	ADJ
fbem-7131	59	7	of	of	ADP
fbem-7131	59	8	the	the	DET
fbem-7131	59	9	feasibility	feasibility	NOUN
fbem-7131	59	10	and	and	CCONJ
fbem-7131	59	11	necessity	necessity	NOUN
fbem-7131	59	12	of	of	ADP
fbem-7131	59	13	implementing	implement	VERB
fbem-7131	59	14	the	the	DET
fbem-7131	59	15	esg	esg	PROPN
fbem-7131	59	16	concept	concept	NOUN
fbem-7131	59	17	in	in	ADP
fbem-7131	59	18	society	society	NOUN
fbem-7131	59	19	,	,	PUNCT
fbem-7131	59	20	and	and	CCONJ
fbem-7131	59	21	develop	develop	VERB
fbem-7131	59	22	and	and	CCONJ
fbem-7131	59	23	apply	apply	VERB
fbem-7131	59	24	esg	esg	NOUN
fbem-7131	59	25	according	accord	VERB
fbem-7131	59	26	to	to	ADP
fbem-7131	59	27	the	the	DET
fbem-7131	59	28	market	market	NOUN
fbem-7131	59	29	environment	environment	NOUN
fbem-7131	59	30	and	and	CCONJ
fbem-7131	59	31	the	the	DET
fbem-7131	59	32	characteristics	characteristic	NOUN
fbem-7131	59	33	of	of	ADP
fbem-7131	59	34	the	the	DET
fbem-7131	59	35	economic	economic	ADJ
fbem-7131	59	36	system	system	NOUN
fbem-7131	59	37	in	in	ADP
fbem-7131	59	38	a	a	DET
fbem-7131	59	39	localized	localized	ADJ
fbem-7131	59	40	manner	manner	NOUN
fbem-7131	59	41	.	.	PUNCT
fbem-7131	60	1	the	the	DET
fbem-7131	60	2	second	second	NOUN
fbem-7131	60	3	is	be	AUX
fbem-7131	60	4	to	to	PART
fbem-7131	60	5	strengthen	strengthen	VERB
fbem-7131	60	6	esg	esg	PROPN
fbem-7131	60	7	information	information	NOUN
fbem-7131	60	8	disclosure	disclosure	NOUN
fbem-7131	60	9	by	by	ADP
fbem-7131	60	10	companies	company	NOUN
fbem-7131	60	11	.	.	PUNCT
fbem-7131	61	1	firstly	firstly	ADV
fbem-7131	61	2	,	,	PUNCT
fbem-7131	61	3	the	the	DET
fbem-7131	61	4	standard	standard	NOUN
fbem-7131	61	5	of	of	ADP
fbem-7131	61	6	information	information	NOUN
fbem-7131	61	7	disclosure	disclosure	NOUN
fbem-7131	61	8	is	be	AUX
fbem-7131	61	9	getting	get	VERB
fbem-7131	61	10	higher	high	ADJ
fbem-7131	61	11	and	and	CCONJ
fbem-7131	61	12	higher	high	ADJ
fbem-7131	61	13	,	,	PUNCT
fbem-7131	61	14	and	and	CCONJ
fbem-7131	61	15	mandatory	mandatory	ADJ
fbem-7131	61	16	disclosure	disclosure	NOUN
fbem-7131	61	17	will	will	AUX
fbem-7131	61	18	become	become	VERB
fbem-7131	61	19	the	the	DET
fbem-7131	61	20	future	future	ADJ
fbem-7131	61	21	trend	trend	NOUN
fbem-7131	61	22	.	.	PUNCT
fbem-7131	62	1	secondly	secondly	ADV
fbem-7131	62	2	,	,	PUNCT
fbem-7131	62	3	esg	esg	PROPN
fbem-7131	62	4	information	information	NOUN
fbem-7131	62	5	disclosure	disclosure	NOUN
fbem-7131	62	6	must	must	AUX
fbem-7131	62	7	follow	follow	VERB
fbem-7131	62	8	a	a	DET
fbem-7131	62	9	sound	sound	ADJ
fbem-7131	62	10	indicator	indicator	NOUN
fbem-7131	62	11	system	system	NOUN
fbem-7131	62	12	.	.	PUNCT
fbem-7131	63	1	internationally	internationally	ADV
fbem-7131	63	2	influential	influential	ADJ
fbem-7131	63	3	documents	document	NOUN
fbem-7131	63	4	such	such	ADJ
fbem-7131	63	5	as	as	ADP
fbem-7131	63	6	the	the	DET
fbem-7131	63	7	principles	principle	NOUN
fbem-7131	63	8	for	for	ADP
fbem-7131	63	9	responsible	responsible	ADJ
fbem-7131	63	10	investment	investment	NOUN
fbem-7131	63	11	and	and	CCONJ
fbem-7131	63	12	the	the	DET
fbem-7131	63	13	sustainability	sustainability	NOUN
fbem-7131	63	14	reporting	reporting	NOUN
fbem-7131	63	15	guidelines	guideline	NOUN
fbem-7131	63	16	,	,	PUNCT
fbem-7131	63	17	in	in	ADP
fbem-7131	63	18	which	which	PRON
fbem-7131	63	19	indicators	indicator	NOUN
fbem-7131	63	20	are	be	AUX
fbem-7131	63	21	selected	select	VERB
fbem-7131	63	22	from	from	ADP
fbem-7131	63	23	a	a	DET
fbem-7131	63	24	number	number	NOUN
fbem-7131	63	25	of	of	ADP
fbem-7131	63	26	perspectives	perspective	NOUN
fbem-7131	63	27	and	and	CCONJ
fbem-7131	63	28	clear	clear	ADJ
fbem-7131	63	29	guidelines	guideline	NOUN
fbem-7131	63	30	are	be	AUX
fbem-7131	63	31	set	set	VERB
fbem-7131	63	32	out	out	ADP
fbem-7131	63	33	,	,	PUNCT
fbem-7131	63	34	can	can	AUX
fbem-7131	63	35	be	be	AUX
fbem-7131	63	36	used	use	VERB
fbem-7131	63	37	as	as	ADP
fbem-7131	63	38	a	a	DET
fbem-7131	63	39	reference	reference	NOUN
fbem-7131	63	40	for	for	ADP
fbem-7131	63	41	developing	develop	VERB
fbem-7131	63	42	esg	esg	PROPN
fbem-7131	63	43	information	information	NOUN
fbem-7131	63	44	disclosure	disclosure	NOUN
fbem-7131	63	45	guidelines	guideline	NOUN
fbem-7131	63	46	.	.	PUNCT
fbem-7131	64	1	the	the	DET
fbem-7131	64	2	third	third	NOUN
fbem-7131	64	3	is	be	AUX
fbem-7131	64	4	to	to	PART
fbem-7131	64	5	build	build	VERB
fbem-7131	64	6	an	an	DET
fbem-7131	64	7	esg	esg	NOUN
fbem-7131	64	8	rating	rating	NOUN
fbem-7131	64	9	system	system	NOUN
fbem-7131	64	10	with	with	ADP
fbem-7131	64	11	chinese	chinese	ADJ
fbem-7131	64	12	characteristics	characteristic	NOUN
fbem-7131	64	13	.	.	PUNCT
fbem-7131	65	1	no	no	DET
fbem-7131	65	2	concept	concept	NOUN
fbem-7131	65	3	can	can	AUX
fbem-7131	65	4	be	be	AUX
fbem-7131	65	5	developed	develop	VERB
fbem-7131	65	6	independently	independently	ADV
fbem-7131	65	7	of	of	ADP
fbem-7131	65	8	the	the	DET
fbem-7131	65	9	national	national	ADJ
fbem-7131	65	10	context	context	NOUN
fbem-7131	65	11	,	,	PUNCT
fbem-7131	65	12	and	and	CCONJ
fbem-7131	65	13	esg	esg	PROPN
fbem-7131	65	14	concepts	concept	NOUN
fbem-7131	65	15	are	be	AUX
fbem-7131	65	16	no	no	DET
fbem-7131	65	17	exception	exception	NOUN
fbem-7131	65	18	,	,	PUNCT
fbem-7131	65	19	as	as	SCONJ
fbem-7131	65	20	they	they	PRON
fbem-7131	65	21	are	be	AUX
fbem-7131	65	22	influenced	influence	VERB
fbem-7131	65	23	by	by	ADP
fbem-7131	65	24	policy	policy	NOUN
fbem-7131	65	25	and	and	CCONJ
fbem-7131	65	26	cultural	cultural	ADJ
fbem-7131	65	27	and	and	CCONJ
fbem-7131	65	28	historical	historical	ADJ
fbem-7131	65	29	backgrounds	background	NOUN
fbem-7131	65	30	.	.	PUNCT
fbem-7131	66	1	while	while	SCONJ
fbem-7131	66	2	promoting	promote	VERB
fbem-7131	66	3	and	and	CCONJ
fbem-7131	66	4	popularizing	popularize	VERB
fbem-7131	66	5	esg	esg	PROPN
fbem-7131	66	6	,	,	PUNCT
fbem-7131	66	7	it	it	PRON
fbem-7131	66	8	is	be	AUX
fbem-7131	66	9	important	important	ADJ
fbem-7131	66	10	to	to	PART
fbem-7131	66	11	focus	focus	VERB
fbem-7131	66	12	on	on	ADP
fbem-7131	66	13	developing	develop	VERB
fbem-7131	66	14	local	local	ADJ
fbem-7131	66	15	esg	esg	NOUN
fbem-7131	66	16	rating	rating	NOUN
fbem-7131	66	17	agencies	agency	NOUN
fbem-7131	66	18	,	,	PUNCT
fbem-7131	66	19	improving	improve	VERB
fbem-7131	66	20	the	the	DET
fbem-7131	66	21	quality	quality	NOUN
fbem-7131	66	22	of	of	ADP
fbem-7131	66	23	local	local	ADJ
fbem-7131	66	24	esg	esg	NOUN
fbem-7131	66	25	rating	rating	NOUN
fbem-7131	66	26	agencies	agency	NOUN
fbem-7131	66	27	and	and	CCONJ
fbem-7131	66	28	improving	improve	VERB
fbem-7131	66	29	the	the	DET
fbem-7131	66	30	accuracy	accuracy	NOUN
fbem-7131	66	31	of	of	ADP
fbem-7131	66	32	rating	rating	NOUN
fbem-7131	66	33	results	result	NOUN
fbem-7131	66	34	.	.	PUNCT
fbem-7131	67	1	the	the	DET
fbem-7131	67	2	fourth	fourth	ADJ
fbem-7131	67	3	is	be	AUX
fbem-7131	67	4	to	to	PART
fbem-7131	67	5	expand	expand	VERB
fbem-7131	67	6	the	the	DET
fbem-7131	67	7	data	datum	NOUN
fbem-7131	67	8	sources	source	NOUN
fbem-7131	67	9	of	of	ADP
fbem-7131	67	10	the	the	DET
fbem-7131	67	11	evaluation	evaluation	NOUN
fbem-7131	67	12	system	system	NOUN
fbem-7131	67	13	.	.	PUNCT
fbem-7131	68	1	introduce	introduce	VERB
fbem-7131	68	2	more	more	ADJ
fbem-7131	68	3	data	datum	NOUN
fbem-7131	68	4	from	from	ADP
fbem-7131	68	5	third	third	ADJ
fbem-7131	68	6	-	-	PUNCT
fbem-7131	68	7	party	party	NOUN
fbem-7131	68	8	platforms	platform	NOUN
fbem-7131	68	9	around	around	ADP
fbem-7131	68	10	the	the	DET
fbem-7131	68	11	government	government	NOUN
fbem-7131	68	12	and	and	CCONJ
fbem-7131	68	13	enterprises	enterprise	NOUN
fbem-7131	68	14	to	to	PART
fbem-7131	68	15	extract	extract	VERB
fbem-7131	68	16	data	datum	NOUN
fbem-7131	68	17	on	on	ADP
fbem-7131	68	18	annual	annual	ADJ
fbem-7131	68	19	report	report	NOUN
fbem-7131	68	20	disclosures	disclosure	NOUN
fbem-7131	68	21	in	in	ADP
fbem-7131	68	22	a	a	DET
fbem-7131	68	23	refined	refined	ADJ
fbem-7131	68	24	manner	manner	NOUN
fbem-7131	68	25	.	.	PUNCT
fbem-7131	69	1	increase	increase	VERB
fbem-7131	69	2	the	the	DET
fbem-7131	69	3	intensity	intensity	NOUN
fbem-7131	69	4	of	of	ADP
fbem-7131	69	5	supervision	supervision	NOUN
fbem-7131	69	6	to	to	PART
fbem-7131	69	7	ensure	ensure	VERB
fbem-7131	69	8	that	that	SCONJ
fbem-7131	69	9	the	the	DET
fbem-7131	69	10	information	information	NOUN
fbem-7131	69	11	on	on	ADP
fbem-7131	69	12	the	the	DET
fbem-7131	69	13	data	datum	NOUN
fbem-7131	69	14	they	they	PRON
fbem-7131	69	15	upload	upload	VERB
fbem-7131	69	16	is	be	AUX
fbem-7131	69	17	true	true	ADJ
fbem-7131	69	18	and	and	CCONJ
fbem-7131	69	19	valid	valid	ADJ
fbem-7131	69	20	.	.	PUNCT
fbem-7131	70	1	in	in	ADP
fbem-7131	70	2	terms	term	NOUN
fbem-7131	70	3	of	of	ADP
fbem-7131	70	4	social	social	ADJ
fbem-7131	70	5	responsibility	responsibility	NOUN
fbem-7131	70	6	and	and	CCONJ
fbem-7131	70	7	corporate	corporate	ADJ
fbem-7131	70	8	governance	governance	NOUN
fbem-7131	70	9	factors	factor	NOUN
fbem-7131	70	10	,	,	PUNCT
fbem-7131	70	11	anonymous	anonymous	ADJ
fbem-7131	70	12	questionnaires	questionnaire	NOUN
fbem-7131	70	13	can	can	AUX
fbem-7131	70	14	be	be	AUX
fbem-7131	70	15	distributed	distribute	VERB
fbem-7131	70	16	to	to	ADP
fbem-7131	70	17	staff	staff	NOUN
fbem-7131	70	18	on	on	ADP
fbem-7131	70	19	a	a	DET
fbem-7131	70	20	regular	regular	ADJ
fbem-7131	70	21	basis	basis	NOUN
fbem-7131	70	22	,	,	PUNCT
fbem-7131	70	23	and	and	CCONJ
fbem-7131	70	24	data	datum	NOUN
fbem-7131	70	25	on	on	ADP
fbem-7131	70	26	staff	staff	NOUN
fbem-7131	70	27	satisfaction	satisfaction	NOUN
fbem-7131	70	28	with	with	ADP
fbem-7131	70	29	the	the	DET
fbem-7131	70	30	company	company	NOUN
fbem-7131	70	31	can	can	AUX
fbem-7131	70	32	also	also	ADV
fbem-7131	70	33	be	be	AUX
fbem-7131	70	34	obtained	obtain	VERB
fbem-7131	70	35	by	by	ADP
fbem-7131	70	36	selecting	select	VERB
fbem-7131	70	37	real	real	ADJ
fbem-7131	70	38	reviews	review	NOUN
fbem-7131	70	39	of	of	ADP
fbem-7131	70	40	the	the	DET
fbem-7131	70	41	company	company	NOUN
fbem-7131	70	42	by	by	ADP
fbem-7131	70	43	employees	employee	NOUN
fbem-7131	70	44	on	on	ADP
fbem-7131	70	45	the	the	DET
fbem-7131	70	46	internet	internet	NOUN
fbem-7131	70	47	.	.	PUNCT
fbem-7131	71	1	references	reference	NOUN
fbem-7131	71	2	[	[	X
fbem-7131	71	3	1	1	NUM
fbem-7131	71	4	]	]	X
fbem-7131	71	5	berg	berg	PROPN
fbem-7131	71	6	,	,	PUNCT
fbem-7131	71	7	f.	f.	PROPN
fbem-7131	71	8	,	,	PUNCT
fbem-7131	71	9	koelbel	koelbel	PROPN
fbem-7131	71	10	,	,	PUNCT
fbem-7131	71	11	j.	j.	PROPN
fbem-7131	71	12	f.	f.	PROPN
fbem-7131	71	13	,	,	PUNCT
fbem-7131	71	14	&	&	CCONJ
fbem-7131	71	15	rigobon	rigobon	PROPN
fbem-7131	71	16	,	,	PUNCT
fbem-7131	71	17	r.	r.	PROPN
fbem-7131	71	18	aggregate	aggregate	PROPN
fbem-7131	71	19	confusion[j	confusion[j	PROPN
fbem-7131	71	20	]	]	PUNCT
fbem-7131	71	21	:	:	PUNCT
fbem-7131	71	22	the	the	DET
fbem-7131	71	23	divergence	divergence	NOUN
fbem-7131	71	24	of	of	ADP
fbem-7131	71	25	esg	esg	PROPN
fbem-7131	71	26	ratings	rating	NOUN
fbem-7131	71	27	.	.	PUNCT
fbem-7131	72	1	review	review	NOUN
fbem-7131	72	2	of	of	ADP
fbem-7131	72	3	finance	finance	NOUN
fbem-7131	72	4	,	,	PUNCT
fbem-7131	72	5	2022	2022	NUM
fbem-7131	72	6	,	,	PUNCT
fbem-7131	72	7	26(6	26(6	NUM
fbem-7131	72	8	)	)	PUNCT
fbem-7131	72	9	,	,	PUNCT
fbem-7131	72	10	1315	1315	NUM
fbem-7131	72	11	-	-	SYM
fbem-7131	72	12	1344	1344	NUM
fbem-7131	72	13	.	.	PUNCT
fbem-7131	73	1	[	[	X
fbem-7131	73	2	2	2	NUM
fbem-7131	73	3	]	]	X
fbem-7131	73	4	dimson	dimson	NOUN
fbem-7131	73	5	,	,	PUNCT
fbem-7131	73	6	e.	e.	PROPN
fbem-7131	73	7	,	,	PUNCT
fbem-7131	73	8	marsh	marsh	PROPN
fbem-7131	73	9	,	,	PUNCT
fbem-7131	73	10	p.	p.	PROPN
fbem-7131	73	11	,	,	PUNCT
fbem-7131	73	12	&	&	CCONJ
fbem-7131	73	13	staunton	staunton	PROPN
fbem-7131	73	14	,	,	PUNCT
fbem-7131	73	15	m.	m.	NOUN
fbem-7131	73	16	divergent	divergent	PROPN
fbem-7131	73	17	esg	esg	PROPN
fbem-7131	73	18	ratings[j	ratings[j	PROPN
fbem-7131	73	19	]	]	PUNCT
fbem-7131	73	20	.	.	PUNCT
fbem-7131	74	1	the	the	DET
fbem-7131	74	2	journal	journal	PROPN
fbem-7131	74	3	of	of	ADP
fbem-7131	74	4	portfolio	portfolio	NOUN
fbem-7131	74	5	management	management	NOUN
fbem-7131	74	6	,	,	PUNCT
fbem-7131	74	7	2020	2020	NUM
fbem-7131	74	8	,	,	PUNCT
fbem-7131	74	9	47(1	47(1	NUM
fbem-7131	74	10	)	)	PUNCT
fbem-7131	74	11	,	,	PUNCT
fbem-7131	74	12	75	75	NUM
fbem-7131	74	13	-	-	SYM
fbem-7131	74	14	87	87	NUM
fbem-7131	74	15	.	.	PUNCT
fbem-7131	75	1	[	[	X
fbem-7131	75	2	3	3	NUM
fbem-7131	75	3	]	]	SYM
fbem-7131	75	4	li	li	PROPN
fbem-7131	75	5	,	,	PUNCT
fbem-7131	75	6	f.	f.	PROPN
fbem-7131	75	7	,	,	PUNCT
fbem-7131	75	8	&	&	CCONJ
fbem-7131	75	9	polychronopoulos	polychronopoulos	PROPN
fbem-7131	75	10	,	,	PUNCT
fbem-7131	75	11	a.	a.	NOUN
fbem-7131	75	12	what	what	PRON
fbem-7131	75	13	a	a	DET
fbem-7131	75	14	difference	difference	NOUN
fbem-7131	75	15	an	an	DET
fbem-7131	75	16	esg	esg	NOUN
fbem-7131	75	17	ratings	rating	NOUN
fbem-7131	75	18	provider	provider	NOUN
fbem-7131	75	19	makes[j	makes[j	PROPN
fbem-7131	75	20	]	]	PUNCT
fbem-7131	75	21	.	.	PUNCT
fbem-7131	76	1	research	research	NOUN
fbem-7131	76	2	affiliates	affiliate	NOUN
fbem-7131	76	3	,	,	PUNCT
fbem-7131	76	4	2020	2020	NUM
fbem-7131	76	5	,	,	PUNCT
fbem-7131	76	6	15	15	NUM
fbem-7131	76	7	.	.	PUNCT
fbem-7131	77	1	[	[	X
fbem-7131	77	2	4	4	NUM
fbem-7131	77	3	]	]	X
fbem-7131	77	4	pagano	pagano	NOUN
fbem-7131	77	5	,	,	PUNCT
fbem-7131	77	6	m.	m.	NOUN
fbem-7131	77	7	s.	s.	PROPN
fbem-7131	77	8	,	,	PUNCT
fbem-7131	77	9	sinclair	sinclair	PROPN
fbem-7131	77	10	,	,	PUNCT
fbem-7131	77	11	g.	g.	PROPN
fbem-7131	77	12	,	,	PUNCT
fbem-7131	77	13	&	&	CCONJ
fbem-7131	77	14	yang	yang	PROPN
fbem-7131	77	15	,	,	PUNCT
fbem-7131	77	16	t.	t.	PROPN
fbem-7131	77	17	(	(	PUNCT
fbem-7131	77	18	2018	2018	NUM
fbem-7131	77	19	)	)	PUNCT
fbem-7131	77	20	.	.	PUNCT
fbem-7131	78	1	understanding	understand	VERB
fbem-7131	78	2	esg	esg	NOUN
fbem-7131	78	3	ratings	rating	NOUN
fbem-7131	78	4	and	and	CCONJ
fbem-7131	78	5	esg	esg	NOUN
fbem-7131	78	6	indexes	index	NOUN
fbem-7131	78	7	.	.	PUNCT
fbem-7131	79	1	in	in	ADP
fbem-7131	79	2	research	research	NOUN
fbem-7131	79	3	handbook	handbook	NOUN
fbem-7131	79	4	of	of	ADP
fbem-7131	79	5	finance	finance	NOUN
fbem-7131	79	6	and	and	CCONJ
fbem-7131	79	7	sustainability	sustainability	NOUN
fbem-7131	79	8	.	.	PUNCT
fbem-7131	80	1	edward	edward	PROPN
fbem-7131	80	2	elgar	elgar	PROPN
fbem-7131	80	3	publishing	publishing	PROPN
fbem-7131	80	4	.	.	PUNCT
fbem-7131	81	1	2018	2018	NUM
fbem-7131	81	2	,	,	PUNCT
fbem-7131	81	3	339	339	NUM
fbem-7131	81	4	-	-	SYM
fbem-7131	81	5	371	371	NUM
fbem-7131	81	6	.	.	PUNCT
fbem-7131	82	1	[	[	X
fbem-7131	82	2	5	5	NUM
fbem-7131	82	3	]	]	X
fbem-7131	82	4	zumente	zumente	NOUN
fbem-7131	82	5	,	,	PUNCT
fbem-7131	82	6	i.	i.	PROPN
fbem-7131	82	7	,	,	PUNCT
fbem-7131	82	8	&	&	CCONJ
fbem-7131	82	9	lāce	lāce	PROPN
fbem-7131	82	10	,	,	PUNCT
fbem-7131	82	11	n.	n.	PROPN
fbem-7131	82	12	esg	esg	PROPN
fbem-7131	82	13	rating	rating	NOUN
fbem-7131	82	14	—	—	PUNCT
fbem-7131	82	15	necessity	necessity	NOUN
fbem-7131	82	16	for	for	ADP
fbem-7131	82	17	the	the	DET
fbem-7131	82	18	investor	investor	NOUN
fbem-7131	82	19	or	or	CCONJ
fbem-7131	82	20	the	the	DET
fbem-7131	82	21	company?[j	company?[j	NOUN
fbem-7131	82	22	]	]	PUNCT
fbem-7131	82	23	.	.	PUNCT
fbem-7131	83	1	sustainability	sustainability	NOUN
fbem-7131	83	2	,	,	PUNCT
fbem-7131	83	3	2021	2021	NUM
fbem-7131	83	4	,	,	PUNCT
fbem-7131	83	5	13(16	13(16	NUM
fbem-7131	83	6	)	)	PUNCT
fbem-7131	83	7	,	,	PUNCT
fbem-7131	83	8	8940	8940	NUM
fbem-7131	83	9	.	.	PUNCT