Symposium on ESG Risks of Chinese Transnational Corporations was Held
On December 6, 2022, the China Development Research Foundation launched an expert symposium on “ESG Risks of Chinese Transnational Corporations”. More than 30 guests from research institutions, industry organizations, academic institutions, and international organizations discussed topics such as “Policy Framework for ESG Risks of Chinese Transnational Corporations”, “ESG Risks Identification and Management of Chinese Transnational Corporations’ abroad business”, “International Experience of ESG Risks in Overseas Operations”.
Fang Jin, Secretary-General of CDRF, and Zhang Jianyu, Executive Director of BRI Green Development Institute, Zhang Xiang, Vice President of China International Contractors Association, Wang Zhile, Director of Beijing New-century Academy on Transnational Corporations, Zhai Kun, Vice President of the Institute of Regional and Country Studies of Peking University, Tian Huifang, Deputy Director of the International Commodity Research Office of the Institute of World Economics and Politics, Chinese Academy of Social Sciences, Ying Haifeng, Deputy Secretary of the Party Committee and Vice Chairman of DaGong Global Credit Rating CO.,LTD, GaoErji, Vice President of CaiXin Media and CEO of Caixin Think Tank, Fang Weiquan, Deputy Chief Representative of Beijing Representative Office of World Resources Institute(USA), Ken Doi, former deputy director of the Infrastructure Technology Business Department of the Japan International Cooperation Agency (JICA), and other guests spoke in turn. The meeting was chaired by Yu Jiantuo, Deputy Secretary-General of CDRF.
The concept of environmental, social and governance (ESG) was developed by the United Nations Global Compact and refers to the practice of considering environmental, social impact, and corporate governance performance in production, operation and investment decisions. During the past nine years since the Belt and Road Initiative was proposed, while vigorously promoting economic and trade cooperation between China and countries in the regions along the route, there are also problems such as large population, diverse cultures, diverse societies, complex interest demands and fragile ecological environment.
Entrusted by the Foreign Cooperation and Exchange Center of the Ministry of Ecology and Environment, CDRF conducts research on ESG risk management framework of "Belt and Road", and strives to build an ESG indicator system based on the existing research results, show the current situation and excellent practice cases in related fields of the "Belt and Road" countries, and explore and optimize the specific construction path of international development assistance risk management with Chinese characteristics.
