Evaluating, understanding and managing environmental, social and governance (ESG) risks is an important success factor for overseas projects. With their dominant role in overseas project development, the Chinese infrastructure construction companies are increasingly conscious of these risks. At the same time, the Chinese government through the Ministry of Commerce (MOFCOM)…
On January 6, 2022, China’s Ministry of Environment and Ecology (MEE) together with the Ministry of Commerce (MOFCOM) issued the new “Guidelines for Ecological Environmental Protection of Foreign Investment Cooperation and Construction Projects”. The Guidelines were published just 6 months after the July 2021 “Green Development Guidelines for Foreign Investment…
On July 16, 2021, the Ministry of Commerce (MOFCOM) and the Ministry of Ecology and Environment (MEE) of China issued the “Green Development Guidelines for Foreign Investment and Cooperation” (hereinafter referred to as the 2021 Green Guidelines). The Guidelines focus on both investment and trade. With MOFCOM being responsible for regulating Chinese…
On October 26, 2020, five Chinese government ministries/regulators jointly issued the “Guidance on promoting investment and financing to address climate change” (find original here and an unofficial English translation here) – in short “Climate Finance Guidance”. The Climate Finance Guidance came weeks after Chinese President Xi’s announcement at the United…