ກົດໝາຍ, ນະໂຍບາຍ ແລະ ຄຳແນະນຳ

Environmental Risk Management Initiative for China’s Overseas Investment

Scope of Application

Recommendations for Chinese financiers, developers, and contractors operating overseas.

Purpose

Offers basic guidance to enhance environmental risk management and the adoption of more robust environmental protection principles overseas. 

General Key Points

Financiers should:

  • Refer to relevant international sustainability standards.

 

Financiers, Developers, and Contractors should:

  • Refer to the “United Nations Principles for Responsible Investment” (UN PRI).
  • Understand host countries' environmental laws and regulations.
  • Adopt the best environmental standards in China, host countries, and/or internationally.
Key Points on Stakeholder Engagement

Financiers, Developers, and Contractors should:

  • Disclose environmental, social, and governance (ESG) information annually to the Global Reporting Initiative (GRI).
  • Actively engage with environmental protection organizations.
  • Use lawyers, environmental consultants, civil society organizations (CSOs)/nongovernmental organizations (NGOs), and think tanks to understand host countries’ environmental laws and regulations.

 

Developers and Contractors should:

  • Disclose environmental impact assessment (EIA) reports in English or the local language(s) prior to construction.
  • Communicate with stakeholders when conducting EIAs.
  • Adopt multiple means of conflict management, including mediation, for settling environment-related disputes.

 

Industry Associations should:

  • Provide guidance on engaging the international community, CSOs/NGOs, and other stakeholders.
Key Points on Environmental and Social Impact Assessment

Financiers, Developers, and Contractors should:

  • Conduct environmental and social due diligence and use risk analyses to manage adverse impacts. 
  • Consider ESG factors during investment decision-making.
  • Understand site-specific environmental impacts. 

 

Financiers should:

  • Disclose an environmental impact summary before investing in each project.

 

Developers and Contractors should:

  • Conduct EIAs in accordance with local laws and regulations, and international best practices.
Applies to
Global
Date
September 2017
Issuer(s)
Green Finance Committee (GFC) of China Society for Finance and Banking, Investment Association of China (IAC), China Banking Association (CBA), Asset Management Association of China (AMAC), Insurance Asset Management Association of China (IAMAC), China Tr
Link to Full Version(s)

English/Chinese

Links to Relevant Laws, Policies, & Guidelines

UN Principles for Responsible Investment

Global Reporting Initiative (GRI)