Asia Society Policy Institute

Recommendations for Chinese financiers.

Offers basic guidance on how Chinese financiers can manage environmental and social risks and implement sustainable development.

Financiers should:

• Follow national industrial and environmental policies while considering international treaties, international best practices, and industry guidelines.
• Research applications of the “Equator Principles” to China's economic and financial development.

Financiers should:

• Support the economic development of communities.
  • Facilitate the provision of financial services to communities.
• Carry out various community services, such as offering financial education and helping those in need.
• Support community building.
• Pay attention to occupational health and safety (H&S).
  • Care about the lives of staff. 
• Enhance staff training and improve the professional quality of workers.
• Optimize the allocation of resources toward socially, economically, and environmentally sustainable development.
• Support social development through charitable donations, volunteer activities, and participation in social welfare activities.
• Guide developers and contractors toward enhancing their awareness of social responsibilities and taking appropriate actions.

Financiers should:

• Set up specialized agencies or departments responsible for environmental protection.
• Actively participate in the implementation of environmental protection and promotion activities to enhance the awareness of developers, contractors, and society.
• Develop plans for resource conservation and environmental protection. 
• Provide training to staff on communication and cooperation for environmental protection. 
• Prioritize environmental training for developers and contractors, covering environmental impact assessment (EIA) procedures and preparation for green credit documents. 
• Advocate for independent on-site investigations and audits of projects’ environmental impacts.