5 Most Capitalist Companies in the World

3. Citic Group Corporation

ESG Risk Score: 43.3

ESG-Risk: Severe

Citic Group Corporation is China’s biggest state-owned conglomerate. The corporation runs several companies in several sectors including real-estate, construction, food, press, and banking & finance. One of its most notable companies is the Citic Bank. Citic Group has one of the world’s worst ESG-risk scores, at 43.3. The conglomerate has been known for several controversies. Some have highlighted its poor state of corporate governance.

Most recently, Sun Deshun, the president of Citic Bank from 2016 to 2020, confessed in court to taking bribes worth $155 million during the 16 years of his career, which involved his time at Citic Bank as well.