Inclusive Development Intl. publishes second edition of "Safeguarding People and Environment in Chinese Investments" guide
Author: Inclusive Development International, Published on: 27 May 2019
“New Release: Second Edition of Safeguarding People and the Environment in Chinese Investments”, 21 May 2019
Inclusive Development International… [published] a second edition of Safeguarding People and the Environment in Chinese Investments: A Reference Guide for Advocates. The updated guide… [added] new details on the Belt and Road Initiative, China’s new vision for enhancing global connectivity, along with updates to administrative guidance from China’s central state agencies on outbound investment. It also covers new guidelines on rubber, agriculture, infrastructure projects and more. The guide explains the key actors involved in Chinese overseas investment and describes the environmental and social standards and guidelines that apply. It provides practical tips on how these standards can be used in advocacy with relevant Chinese actors and institutions.
… In response to bad publicity going back at least ten years, and challenges faced by companies operating overseas, Chinese state institutions and industry groups have developed a formidable body of policies and guidelines for Chinese companies developing, operating and financing overseas projects. Despite the promulgation of new guidelines meant to promote sustainable development and prevent adverse impacts, China-based financiers and companies have continued to back development and investment projects across the world that have had devastating impacts on local communities and the environment. While some of China’s policy developments show promise, the challenge now is to promote their implementation, and their eventual alignment with international human rights and environmental standards. This is more relevant than ever as China develops the concept of the Belt and Road. In April 2019, at the second Belt and Road Forum, Xi Jinping and leaders from around the world pledged to build high-quality, sustainable infrastructure, and to promote “green” development…