12th August 2014, NGOs Working Session on Green Finance was been held in Greenovation Hub Beijing Office. 17 specialists from 13 NGOs attended the meeting. Green finance has been one of the main focuses of environmental NGOs. To enhance the communication and strengthen cooperation, GHUB coordinate and organized this discussion.
The Working session had a deep discussion of the attended organizations NGOs’ focus and work plan related to green finance;international practice of sustainable finance; China’s green finance link with international arena; China’s overseas investment. It also raised the following issues:
- NGOs should think about how to link the green finance discussion with the legal system, insurance and stock exchange, to fit into a broader talk of China’s financial reform.
- How civil society organizations communicate with Chinese enterprises and push them to apply international good practices and increase the operational transparency.
- The dialogue between Chinese civil society organizations and local groups is very important. It helps Chinese enterprises to have better understanding about overseas projects problems and also could provide monitor effect; it also helps them to understand how to engage with Chinese companies and Chinese government.
- NGOs should be prudent on the “green investment” that enterprises commit. It does not mean that in the project implementation process will also adopt strict environmental and social standards.
- Green credit policy should be the bottom line, rather than the ceiling. It should be continuous improvement.
