Shein's stock market listing will not mask sustainability challenges

LONDON, Aug 25 : Shein is finally going public, but in a far more hostile world than when the Chinese online retail giant's IPO journey began five years ago.The company has worked hard to address environmental, social and governance (ESG) concerns that have triggered regulatory investigations and fines in several countries, complicating previous attempts to list its shares. Many of those challenges remain and could weigh on its valuation after its stock market debut in Hong Kong next month.Efforts to list in New York and London drew criticism from politicians and investors over its environmental impact, labour standards and governance, and active regulatory investigations continue to cast a shadow over the Hong Kong flotation.FAST FASHION UNDER INCREASED SCRUTINY Shein is under investigati