CIVIL SOCIETY ACTIVITIES
6. New FOE-US report details risks of China Development Bank’s increasing global footprint
The China Development Bank (CDB) is rapidly becoming a key player in international development finance, but it currently lacks the environmental and social standards that are expected of a world-class financial institution. That is the conclusion of a report released by Friends of the Earth-US and BankTrack in early July. The report, China Development Bank’s Overseas Investments, is the third report related to the Chinese banking sector that the two organizations have jointly published (earlier reports were released in 2007 and 2008). It describes the bank’s global footprint, and identifies the ways in which the bank raises and disburses financing. It also describes the bank’s environmental and social financing policies, and includes case studies describing the on-the-ground reality faced by communities around the world who are impacted by CDB’s transactions, for example, its investments in the Shwe gas and pipelines project in Burma, tar sands development in Canada and illegal logging in Indonesia.
The report is available on the BankTrack website in English with a summary in Chinese.
7. Civil society events to take place on the sidelines of World Economic Forum in Tianjin
Green Watershed will hold a forum titled “The Road Towards a Green Economy: From Rio to Tianjin” on the sidelines of the Summer Davos meeting of the World Economic Forum, to take place from 11-13 September in Tianjin, China. Green Watershed will also organize a training for Chinese NGOs with the aim to raise awareness and build capacity for Chinese NGOs in the process of green finance and environmental protection. In addition to the training, Green Watershed will also host a roundtable between Chinese banks and Chinese/international NGOs in Beijing in order to promote better understanding and a friendly and productive dialogue on green finance practices. For more information, contact CHEN Yuxin at Green Watershed.
8. New study will assess the reporting practices of resource companies listed on the Shanghai Stock Exchange
Global Witness and the Chinese sustainability consultancy SynTao are conducting a study on the reporting practices of large Chinese resource extractive companies that have operations abroad and that are listed on the Shanghai Stock Exchange. The study reflects emerging international practice for companies engaged in the commercial development of oil, natural gas and minerals to publish the payments they make to governments and the related regulatory measures at international stock exchanges. The final report is to be published in autumn 2012. For more information, please contact Lizzie Parsons at Global Witness.
9. G:HUB hosts learning and sharing platform to understand China’s role in global environmental governance
Greenovation HUB held a workshop focused on disclosure of environmental information related to banks’ lending, and how the public can engage in obtaining such information, in Beijing. This was the second workshop G:HUB has held since March 2012 in its Civil Society Learning and Sharing Platform series, which seeks to establish a platform for civil society, academics and media to come together to learn more about key issues related to sustainable finance and China’s global ecological footprint , and to share their own thoughts.
The workshops include presentations by 2-3 experts in the field, including from the Chinese Academy of Social Sciences, International Rivers, the Policy Research Centre of Environment and Economy of the Ministry of Environmental Protection, Green Watershed, the National Association Commission on Environmental Law, Heinrich Boell Foundation as well as Chinese Academy of International Trade and Economic Cooperation, Ministry of Commerce.
For inquiries, or to receive information about upcoming workshops, please contact Greenovation Hub at [email protected]