Earlier this year, we published Green Paper, Red Lines, a briefing for financiers, which sets out minimum requirements for pulp and paper companies. We ask all those involved in financing the industry to avoid any projects or companies that do not meet these Red Lines. To help explain this important document, we are running a webinar about it on 13 December, and have now translated it into Chinese.
As the world’s biggest consumer of paper, China is a major player in financing the pulp industry, and it is becoming of increasing importance. We have therefore translated the Red Lines into Chinese, to make it easier for Chinese bankers to know what civil society requests them not to invest in: Green Paper Red Lines, Chinese translation.
China has strong legislation, in the form of the Green Credit Guidelines, to regulate overseas investment by Chinese financial institutions. We are currently analysing how our Red Lines can best be used alongside these Guidelines. We look forward to constructive engagement with Chinese banks and other financial organisations.
We are hosting a webinar on Tuesday 13 December 2016 at 1400 UT, aimed at bankers and investors, to explain why the Red Lines are so important. Please contact hag at environmentalpaper.eu if you are interested in taking part.
Read more about the Red Lines here.