Green Investment Principles (GIP) for the Belt and Road
“一带一路”绿色投资原则

Release time:2018-11-30

Green Investment Principles for the Belt and Road


Preamble


The Belt and Road Initiative (BRI) aims to substantially enhance the level of infrastructure and economic development across BRI countries. Financing BRI requires the participation of both public and private investors. Embedding the principles of sustainable development across all asset classes, financial products, project phases and participating institutions is critical for the shared interest of project developers, sponsors, investors, and host communities.


In order to ensure that environmental friendliness, climate resilience, and social inclusiveness are built into new investment projects in the Belt and Road, so that the goals of the United Nations 2030 Agenda for Sustainable Development and the Paris Agreement are met, and all countries in the region build a shared future for common prosperity, the Green Finance Committee of China Society for Finance and Banking and the City of London Green Finance Initiative have jointly taken the lead to develop this set of green investment principles, with participation of Principles for Responsible Investment, Sustainable Banking Network, Belt & Road Bankers Roundtable, Green Belt and Road Investors Alliance, World Economic Forum, and the Paulson Institute.


We, representatives of financial institutions and corporations, hereby put our signatures behind the Green Investment Principles for the Belt and Road (hereinafter referred to as the “GIP”) and pledge to uphold these principles in our investment and operations. We call on like-minded financial institutions and corporations to sign up to the GIP for it to become the common guiding principles for investment and business operations in the Belt and Road.


The Principles


Principle 1: Embedding sustainability into corporate governance

We will embed sustainability into our corporate strategy and organizational culture. Our boards and senior management will exercise oversight of sustainability-related risks and opportunities, set up robust systems, designate competent personnel, and maintain acute awareness of potential impacts of our investments and operations on climate, environment and society in the B&R region.


Principle 2: Understanding Environmental, Social and Governance Risks

We will strive to better understand the environmental laws, regulations, and standards of the business sectors in which we operate as well as the cultural and social norms of our host countries. We will incorporate environmental, social and governance (ESG) risk factors into our decision-making processes, conduct in-depth environmental and social due diligence, and develop risk mitigation and management plans, with the help of independent third-party service providers, when appropriate.


Principle 3: Disclosing environmental information

We will conduct analysis of the environmental impact of our investments and operations, which should cover energy consumption, greenhouse gas (GHG) emissions, pollutants discharge, water use and deforestation, and explore ways to conduct environmental stress test of investment decisions. We will continually improve our environmental/climate information disclosure and do our best to practice the recommendations of the Task Force on Climate-related Financial Disclosure.


Principle 4: Enhancing communication with stakeholders 

We will institute stakeholder information sharing mechanism to improve communication with stakeholders, such as government departments, environmental protection organizations, the media, affected communities and civil society organizations, and set up conflict resolution mechanism to resolve disputes with communities, suppliers and clients in a timely and appropriate manner.


Principle 5: Utilizing green financial instruments 

We will more actively utilize green financial instruments, such as green bonds, green asset backed securities (ABS), YieldCo, emission rights-based financing, and green investment funds, in financing green projects. We will also actively explore the utilization of green insurance, such as environmental liability insurance and catastrophe insurance, to mitigate environmental risks in our operations.


Principle 6: Adopting green supply chain management 

We will integrate ESG factors into supply chain management and utilize international best practices such as life cycle accounting on GHG emissions and water use, supplier whitelists, performance indices, information disclosure and data sharing, in our investment, procurement and operations.


Principle 7: Building capacity through collective action

We will allocate funds and designate personnel to proactively work with multilateral organizations, research institutions, and think tanks to develop our organizational capacity in policy implementation, system design, instruments development and other areas covered in these principles.

 

Contact persons:

CHENG Lin, chengl@pbcsf.tsinghua.edu.cn, +86-189 1142 2942

Sherry Madera, sherry.madera@cityoflondon.gov.uk, +44 (0)7834 341 830



Download the Full Text of the GIP with Frequently Asked Questions:

Green Investment Principles for the Belt and Road.pdf




“一带一路”绿色投资原则


序言

“一带一路”倡议旨在大幅提高参与国家的基础设施和经济发展水平。在“一带一路”项目融资的过程中,需要公共部门和私营部门投资者的共同参与和相互配合。同时,在资产类别、金融产品、项目实施、参与机构管理等各环节中嵌入可持续发展原则,对项目开发商、赞助人、投资者以及当地社区都至关重要。

 

为确保“一带一路”的新投资项目兼具环境友好、气候适应和社会包容等属性, 共同推动和实现“联合国 2030 年可持续发展目标”,落实《巴黎协定》各国承诺, 促进“一带一路”国家共建繁荣未来,中国金融学会绿色金融专业委员会(绿金委)和伦敦金融城绿色金融倡议发起,并联合责任投资原则(Principles for Responsible Investment、可持续银行网络Sustainable Banking Network)、“一带一路”银行家圆桌会(Belt and Road Bankers Roundtable)、世界经济论坛(World Economic Forum)、绿色“一带一路”投资者联盟(Green Belt and Road Investors Alliance)和保尔森基金会(Paulson Institute,共同制定了《“一带一路”绿色投资原则》(以下简称“原则”

 

作为金融机构和公司代表,我们同意签署该《原则》,并承诺在我们的投资和运营中坚持履行《原则》。同时,我们也将呼吁志同道合的金融机构和公司签署该《原则》,努力使其成为 “一带一路”投资和运营的重要指导原则。


投资原则内容:


原则一:将可持续性纳入公司治理

我们承诺将可持续性纳入公司战略和企业文化中来。机构董事会和高层管理人员将紧密关注可持续性相关的风险和机遇,建立有效的管理系统。同时将指派专业人员对相关风险和机遇进行识别、分析和管理,并密切关注本机构在“一带一路” 沿线国家的投资经营活动中对气候、环境和社会方面的潜在影响。


原则二:充分了解 ESG 风险

我们将更好地了解本行业内以及东道国相关的社会文化环境标准、法律法规等。我们将把环境、社会和治理(ESG)因素纳入机构的决策过程,开展深度环境和社会尽职调查,必要时,在第三方机构的支持下制定风险防范与管理方案。

 

原则三:充分披露环境信息

我们将认真分析自身投资业务对环境所产生的影响,包括能源消耗、温室气体排放、污染物排放、水资源利用和森林退化等方面并积极探索在投资决策中如何运用环境压力测试。我们将根据气候相关财务信息披露工作组(TCFD)的建议, 不断改进和完善我们环境和气候相关信息的披露工作。


原则四:加强与利益相关方沟通

我们将建立一套利益相关方信息共享机制,用来加强政府部门、环保组织、媒体、当地社区民众、民间社会组织等多个利益相关方的有效沟通。同时将建立冲突解决机制,及时、恰当地解决与社区、供应商和客户之间存在的纠纷。


原则五:充分运用绿色金融工具

我们将更加积极主动地运用绿色债券、绿色资产支持证券(ABS、YieldCo(收益型公司、排放权融资和绿色投资基金等绿色金融工具为绿色项目融资。我们还将积极探索绿色保险的运用,例如通过灵活使用环境责任险,巨灾险以及绿色建筑保险等,有效规避在项目运营和资产管理中存在的环境风险。


原则六:采用绿色供应链管理

我们将把ESG 因素纳入供应链管理,并在自身投资、采购和运营活动中学习和应用温室气体排放核算方法、水资源合理使用、供应商“白名单”、绩效指标、信息披露和数据共享等优秀国际实践经验。


原则七:通过多方合作进行能力建设

我们将建立专项资金并指派专业人员通过主动与多边国际组织、研究机构和智库开展合作,来努力提升自身在政策执行、系统构建、工具开发等《原则》所涉及领域的专业能力。

 

联系人:

程琳,chengl@pbcsf.tsinghua.edu.cn, +86-189 1142 2942

Sherry Madera, sherry.madera@cityoflondon.gov.uk, +44 (0)7834 341 830



点击下载《“一带一路”绿色投资原则》及常见问题:

带路绿色投资原则.pdf