BABA CFO Hopes to Deepen Cooperation on ESG & Addressing Climate Change
$BABA-SW(09988.HK$ 's Chief Financial Officer and Chairman of the Sustainable Development Management Committee, Toby Xu, stated at the COP28 "Business Leaders Roundtable Dialogue on Sustainable Development" that BABA is just beginning its journey in ESG and tackling climate change.
The group views the 28th United Nations Climate Change Conference (COP28) as an important learning opportunity and looks forward to deepening exchanges and cooperation with enterprises that share a common vision, Xu elaborated.
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HopelessChi : Even though you have a large pile of cash to throw into climate change efforts worth mentioning but sadly you might not be existing at this rate of sell off that will trigger a halt in trading or privatisation
102319027 HopelessChi : what is the connection between a company's cash and public shareholders?
HopelessChi 102319027 : I don’t think you seem to understand? I am referring to that there is a larger concern to pacify shareholder now rather than the focus on climate change. Without retailer, those cash to address climate change won’t exist?
72778662 : oh thank God. the stock is in freefall, but I'm glad they're worried on climate change. priorities straight 🫡
Thelord 72778662 : Actually the stock is a VIE that means even if it got to zero also would not affect its underlying business.