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Green Development should become a major Social Responsibility of Companies'

The “Belt and Road “initiative provides the world with a new healthy way of interaction, while requiring higher standards for companies to invest overseas. On the Belt & Road Forum for Economic and Trade Cooperation during the 2017 fair, Fu Mengzi, vice president of China Institute of Contemporary International Relations, said that corporation responsibility has become an inevitable topic for companies to invest abroad and green development must be a major social responsibility for companies.

 

Fu Mengzi believes that green development should be an integral part of social responsibility as Chinese companies are working on some projects involving people’s livelihood no matter it is bigger or smaller. The social responsibilities for companies should include companies’ culture and its interdependent relations with the local area. Green development ought to be viewed as an idea, deeply rooting in the heart of companies. Although the economic developing levels of counties along the “Belt and Road “differentiate greatly from each other, it doesn’t mean differences in standards for environmental protection are allowed. Purely from the perspective of the value chain, different phases of the chain objectively pose different degrees of impact on environment.

 

Fu noted, “The international landscape requires Chinese companies to further promote their awareness of environmental protection and forces us to develop more application of environmental protection technologies, which will uplift the position of Chinese companies in the global value chain”.

 

Wang Jiaqiong, president of University of International Business and Economics, pointed out those countries along "Belt and Road" are confronted with various challenges like climate change and short resources; it is of greater significance for further cooperation on fields of ecological degradation, environmental pollution, renewable resources and new materials exploration.

 

Sustainable development has become a new developing model for modern China”, said Wang Jiaqiong, questions such as how to utilize the present international cooperation scheme and improve the uniformity on sustainable policies of countries along the “Belt and Road”through strategic docking are necessary for further discussion. The “Belt and Road” initiative has uplifted the trade convenience for countries along the route and innovative action plans on supporting e-commerce, digital economy, smart city and science park have been put forward. It also must be noticed that there is a rising trend of reverse globalization and trade protectionism, posing challenges on trade convenience. Chinese wisdom and Chinese planning are required for how to safeguard multilateral trade system, promote the growth of global trade, build multilateral public platforms and schemes, and advance negotiation on free trade and trade facilitation.