China actively leads“The Belt and Road Initiative”The theme of green investment under ESG development contains profound significance and broad development prospects.
China is“The Belt and Road Initiative”The green investment led by ESG development in the initiative not only further strengthens the close economic cooperation between China and countries along the Belt and Road, promotes trade and investment connectivity, but also demonstrates the responsibility of a responsible major country on the stage of global sustainable development, setting an example for the world to move towards a sustainable future together.
The fundamental impact of ESG
From the perspective of environmental (E) dimension, green investment has opened a door to sustainable development for countries along the Belt and Road.
Effectively promotedrenewable energyExtensive development of the project, such aswind energy、solar energygentlehydroenergyWaiting for the large-scale application of clean energy.
The energy efficiency has been significantly improved,Traditional industriesThrough technological innovation and transformation, it has been achievedenergy saving and emission reduction。
Environmental protection work has been strengthened, and ecological restoration projects have been launched one after another to actively manage and restore damaged ecosystems.
This series of measures not only helps to reduce greenhouse gas emissions in countries along the route, but also contributes a key force to addressing the increasingly severe challenge of climate change at the global level.
In the social (S) field, the role of green investment cannot be underestimated. It has created a large number of job opportunities, whether in the construction and operation of renewable energy projects or the expansion of related industrial chains, providing local residents withStable job positions。
This not only increases the income level of residents, but also improves their quality of life. At the same time, green investment promotes social equity and inclusive development, enabling more people to share the fruits of development.
existEducation and healthcareIn terms of social infrastructure construction, the investment of funds has been strengthened, laying a solid foundation for improving the social development level of countries along the route.
At the governance (G) level, China's leadership has prompted countries along the Belt and Road to continuously establish and improve corporate governance mechanisms. This means that enterprises pay more attention to the operation processtransparencygentlecomplianceFollowing international standards and best practices promotes sustainable business practices.
Good corporate governance helps attract more investment, enhance the competitiveness and reputation of enterprises, and provide guarantees for the long-term stable development of the economy.
The development path of the "the Belt and Road" initiative
“The Belt and Road Initiative”Initiative from2013Since its proposal, it has undergone the following important experiencesdevelopment history：
September and October 2013
Chinese President Xi Jinping has put forward major initiatives to jointly build the Silk Road Economic Belt and the 21st Century Maritime Silk Road, aiming to strengthen economic cooperation between China and countries along the route and promote common development.
2014
Establishment of ChinaThe Silk Road FundFor the countries along the "the Belt and Road"Infrastructure, resource development, industrial cooperation and other projectsProvide investment and financing support.
March 2015
National Development and Reform Commission、Ministry of Foreign Affairs、ministry of commerceJointly released《Vision and Action for Promoting the Co construction of the Silk Road Economic Belt and the 21st Century Maritime Silk RoadAnd defined the "the Belt and Road"Co construction principles, framework ideas, and cooperation prioritiesWaiting for content.
the first session of"The Belt and Road" International Cooperation Summit ForumHeld in Beijing, leaders from multiple countries and international organizations attended and achieved a series of important cooperation results.
April 2019
The second "the Belt and Road" International Cooperation Summit Forum was successfully held, and all parties reached more consensus on connectivity, practical cooperation and other aspects.
As of 2023
The "the Belt and Road" initiative has achieved fruitful results, coveringinfrastructure connectivity、trade and investment facilitation、people-to-people exchangesWaiting for many fields.
The smooth progress of many major projects, such as the China Laos Railway and the China Europe Train, has brought tangible benefits to the countries along the line and promoted the prosperity and development of the regional economy.
Seven Principles of Green Investment in the "the Belt and Road" Initiative
Green investment principles of the the Belt and RoadDeveloped from three levels: strategic, operational, and innovativeSeven principled initiativesThese initiatives are for voluntary adoption and implementation by global financial institutions and enterprises participating in the "the Belt and Road" investment.
Principle 1: Incorporate sustainability into corporate governance
We promise toSustainabilityIncorporate it into the company's strategy and corporate culture. The institutional board of directors and senior management will closely monitor sustainability related risks and opportunities, and establish effective management systems.
At the same time, professionals will be sent to identify, analyze and manage the relevant risks and opportunities, and pay close attention to the organization's investment and business activities in countries along the "the Belt and Road"climate、environmentgentlesocietyPotential impact on aspects.
Principle 2: Fully understand ESG risks
We will gain a better understanding of the social, cultural, and environmental standards, laws, and regulations within our industry and in the host country. We willenvironment、societygentleadministerIncorporate ESG factors into the decision-making process of institutions and carry outDeep environmental and social due diligenceWhen necessary, develop risk prevention and management plans with the support of third-party organizations.
Principle 3: Adequate Disclosure of Environmental Information
We will carefully analyze the impact of our investment business on the environment, includingEnergy consumption, greenhouse gas emissions, pollutant emissions, water resource utilization, and forest degradationAnd actively explore how to use environmental stress testing in investment decisions.
We will continuously improve and perfect our disclosure of environmental and climate related information based on the recommendations of the Climate Related Financial Disclosure Working Group (TCFD).
Principle 4: Strengthen Communication with Stakeholders
We will establish a setStakeholder information sharing mechanismUsed to strengthengovernment department、environmental group、medium、Local community residents、Civil society organizationsWaiting for effective communication among multiple stakeholders. At the same time, a conflict resolution mechanism will be established to promptly and appropriately resolve disputes with the community, supply chain, and customers.
Principle 5: Fully utilize green financial instruments
We will be more proactive in using green financial instruments such as green bonds, green asset-backed securities (ABS), emission financing, and green investment funds to finance green projects. We will also actively explore the application of green insurance.
For example, by flexibly using environmental liability insurance, catastrophe insurance, and green building insurance, environmental risks in project operation and asset management can be effectively avoided.
Principle 6: Adopt green supply chain management
We will incorporate ESG factorsSupply Chain ManagementAnd learn and apply excellent international practices such as greenhouse gas emission accounting methods, rational use of water resources, supplier whitelists, performance indicators, information disclosure, and data sharing in their own investment, procurement, and operational activities.
Principle 7: Capacity building through multi-party cooperation
We will establisha special fundAnd assign professional personnel to actively cooperate with multilateral international organizations, research institutions, and think tanks to strive to enhance their own capabilitiesPolicy implementation、system construction、Tool developmentProfessional competence in the field covered by the principle.
