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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.
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