272 results
-
update Chinese Responsible Investment Overseas Newsletter Issue 2 (Jun 2017) | Asian Infrastructure Investment Bank (AIIB)
In 2013, China announced its plan to establish a multilateral financial institution that aims to foster sustainable economic growth, create wealth, and improve connectivity in Asia through infrastructure investment in areas such as energy, transport, and urban development. Since its establishment in 2016, the AIIB has attracted 52 member states and 25 prospective members, and approved 13 projects.
Read more -
update Chinese Responsible Investment Overseas Newsletter Issue 1 (Mar 2017) | Free Prior and Informed Consent (FPIC)
Despite important achievements, Chinese enterprises still face significant challenges regarding their social & environmental impacts in the process of overseas investment and cooperation, particularly in projects involving natural resource development. However there is a growing awareness of the need to adhere to international guidelines, to conduct business in a way that contributes to realization of the Sustainable Development Goals (SDGs), and to communicate effectively with local stakeholders to prevent and respond to social risks. Conversely, viewing the host government as the sole representative of stakeholders can exacerbate conflict and social division, and lead to the extension or suspension of the project, which makes the company suffer from great economic and reputational loss.
Read more