Environmental Risk Management Manual for China Overseas Investment

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In order to reduce and avoid social and financial risks arising from environmental factors in China’s overseas investment , and guide domestic institutions to follow the Principles for Responsible Investment, further greening the BRI by fully integrating the notion of ecological civilization and low-carbon into the implementation,and contribute to achieving United Nations 2030 Sustainable Development Goals and goals of Paris Agreement, the Green Finance Committee of Finance Association of China (hereinafter referred to as the Green Finance Committee) established the Task Force on Environmental Risk Management for China’s Overseas Investment in 2017, a move under Environmental Risk Management Initiative for China’s Overseas Investment jointly launched by seven associations and committees subordinated to ministries. Subsequently, Environmental Risk Management Manual for China’s Overseas Investment (hereinafter referred to as the “Manual”) was finalized by the Task Force and was issued at the International Green Finance Forum hosted by Green Finance Committee in April 2018.Authored by GHub and supported by Heinrich-Böll-Stiftung, this report, as the main part of the Manual, mainly includes the objective, scope and general guidelines for environmental risk management of China’s overseas investment, typical environmental risk identification and assessment cases of BRI countries, country-specific climate risk management cases, as well as international conventions, industry norms and national laws and regulations.

 

 

 

 

 

 

 

 

 

 

 

 

 

⬇️  PDF

(Chinese only)

Publication date: 2019.02
 
 
 

 

 

 

 

 

 

      In order to reduce and avoid social and financial risks arising from environmental factors in China’s overseas investment , and guide domestic institutions to follow the Principles for Responsible Investment, further greening the BRI by fully integrating the notion of ecological civilization and low-carbon into the implementation,and contribute to achieving United Nations 2030 Sustainable Development Goals and goals of Paris Agreement, the Green Finance Committee of Finance Association of China (hereinafter referred to as the Green Finance Committee) established the Task Force on Environmental Risk Management for China’s Overseas Investment in 2017, a move under Environmental Risk Management Initiative for China’s Overseas Investment jointly launched by seven associations and committees subordinated to ministries. Subsequently, Environmental Risk Management Manual for China’s Overseas Investment (hereinafter referred to as the “Manual”) was finalized by the Task Force and was issued at the International Green Finance Forum hosted by Green Finance Committee in April 2018.   Building on the “Initiative”, the Manual is jointly finalized by GHub, ICBC Urban Finance Research Institute and SGS based on extensive research on the objectives, scope and general principles of environmental risk management in China’s overseas investment and environmental risk identification and assessment of investors and projects. The Manual also drew on applicable existing standards and international best practices, the ESG framework of main investment institutions, environmental risk management cases at country level, industry guidelines, environmental risk management tools and international conventions, industry norms and national laws and regulations. The following institutions also contributed to the country risk, industry guidelines, risk identification and management tools: The Foreign Economic Cooperation Office (FECO) of The Ministry of Ecology and Environment, the China International Contractors Association, China Chamber of Commerce of China Metals, Minmetals & Chemicals Importers and Exporters, China National Textile And Apparel Council, GIZ, Tianjin Green Supply Chain Service Center, The Nature Conservancy, World Resources Institute, DeHeng Law Offices, The National Institute of Financial Research(NIFR) of Tsinghua University, UIBE Institute of International Economy, RUC Center for Ecological Financial Studies and the International Institute of Green Finance, CUFE. Authored by GHub and supported by Heinrich-Böll-Stiftung, this report, as the main part of the Manual, mainly includes the objective, scope and general guidelines for environmental risk management of China’s overseas investment, typical environmental risk identification and assessment cases of BRI countries, country-specific climate risk management cases, as well as international conventions, industry norms and national laws and regulations. To facilitate reading and understanding of the contents in relation to overseas investment projects, institutional and industry-level environmental risk management tools in the Manual, we provided summaries and frameworks contributed by other agencies in this page with links attached. For more information, please contact the corresponding agency.   Environmental Risk Management of Institutions[1] 1. Environmental risk stress testing 2. Methodolody of Green rating and index 3. Insurance actuarial method and catastrophe model   Environmental Risk Management of Investment Projects(view)[2] 1. Background analysis and investigation 2. Compliance obligations 3. Identification and impact assessment on environmental factors of Investment project 4. Environmental risk management measures of Investment project 5. Environmental risk emergency management of Investment project 6. Environmental risk monitoring, measurement, analysis, performance evaluation and improvement on investment projects 7. Environmental Risk Management Performance Report   Cases for Risk management at industry level 1. Infrastructure: Guidelines for Overseas Enterprises' Sustainable Infrastructure Projects, China International Contractors Associationview 2.Mining: social responsibility for foreign mining investment and responsible management of mineral supply chain, China Chamber of Commerce of China Metals, Minmetals and Chemicals Importers and Exporters view 3. Textile Industry: Social Responsibility Management System for Textile and Apparel Enterprises (CSC9000T), China National Textile And Apparel Councilview   Environmental risk identification, assessment and management tools collected in the Manual: 1. Environmental Factors Research and Application of Stress Testing of Commercial Banks, ICBC Urban Finance Institute view 2. Drought stress testing tools, GIZview 3. Green procurement tools, Tianjin Green Supply Chain Service Centerview 4. Eco-friendly development system planning tool, The Nature Conservancy(TNC)(view 5. “Waterway” water risk tool, World Resources Institute (WRI)view 6. Sustainable procurement tools for infrastructure construction, RUC Center for Ecological Financial Studiesview 7. Third-party legal cooperation, DeHeng Law Offices view
     
[1]Contributed by the ICBC Urban Finance Research Institute.http://www.icbc.com.cn/icbc/    
[2]Contributed by SGS.https://www.sgs.com/