Nine Principles on Encouraging and Standardizing Outward Investment
Scope of Application
Guiding principles for developers and contractors operating overseas.
Purpose
Offers overarching principles to encourage overseas investment and cooperation, including measures to guide the management of social and environmental impacts.
General Key Points
Developers and Contractors should:
- Comply with local laws and regulations.
Key Points on Stakeholder Engagement
Developers and Contractors should:
- Adhere to fair, transparent contracts for projects.
- Protect the rights and interests of local workers. Improve safety training.
- Care for and support local communities and local people’s livelihoods.
- Create a friendly environment that welcomes public opinion.
Key Points on Environmental and Social Impact Assessment
Developers and Contractors should:
- Pay attention to the protection of environmental resources.