On 7 March 2017, our webinar series continued with our most popular topic yet – Chinese Finance. Katharine Lu, of Friends of the Earth USA, gave a presentation demonstrating through examples, and with great humour, how it is possible to influence the outcome of international projects that are financed by Chinese banks. She explained how the Green Credit Guidelines can be used to insist that Chinese financiers take proper account of the environmental and ethical impacts of their investments, and she showed how it can be possible to highlight the reputational risk of irresponsible investment.
Discussion after the webinar focused on the Amazar pulp mill, on the border of China and Russia, which is highly controversial and entirely Chinese funded.
The webinar forms part of a wider project that the Environmental Paper Network is co-ordinating in response to the fact that China is the biggest source of funding for pulp industry expansion, globally. We are currently assessing 16 Chinese and Taiwanese bank policies to determine whether they are consistent with our Green Paper, Red Lines, a set of minimum requirements that banks should seek to ensure are met when engaging with the pulp and paper industry.
The webinar was recorded and is available for viewing by EPN member organisations and other campaigners. Please contact Mandy Haggith (hag at environmentalpaper.eu) if you would like to watch it.