/ May 15, 2019

TDB signs up to Green Investment Principles for the Belt and Road

The establishment of Green Investment Principles (GIP) and its signatories were announced during the Belt and Road Forum for International Cooperation held on 25th o f April, 2019 in Beijing, China. GIP was developed by the Green Finance Committee of China Society for Finance and Banking and the City of London Corporation’s Green Finance Initiative as a mandate from the China-UK Economic and Financial Dialogue in 2017. TDB is pleased to announce that it has become a signatory of the GIP among 26 other global institutions from 12 countries.

 

Dr. Ma Jun, Chairman of China’s Green Finance Committee, said: “The majority of global infrastructure investment in the coming decades will be in the Belt and Road region and they will have a significant impact on the implementation of the Paris Agreement and UN Sustainable Development Goals. The aim of the GIP is to ensure that environmental friendliness, climate resilience, and social inclusiveness are built into new investment projects in the Belt and Road.
The GIP consists of seven voluntary operational principles that focus on sustainable development and GHG emission reduction. Specifically, they are:

  • Embed sustainability into corporate governance.
  • Understand environmental, social and governance risks.
  • Disclose environmental information.
  • Enhance communication with stakeholders.
  • Utilise green financial instruments, where at all possible.
  • Adopt green supply chain management processes.
  • Build capacity through collective action.

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