A report conducted by KPMG showed that many Chinese companies trail behind their global peers in performing ESG assessments, a first step in ESG disclosures. Conducting crucial assessments ensure their relevance, according to the study. Only 64% of the top 100 companies by revenue in China that have published ESG reports have performed the so-called materiality assessments versus 75% among 5,800 companies in 58 jurisdictions that filed such reports, the accounting and consulting firm said. Materiality assessments allow a company to decide which issues require disclosure by first determining which issues are the most important to the company itself, its investors, and other stakeholders.