Two years ago, China introduced a series of new so-called "green guidelines" that it hoped would promote more sustainable development abroad. But in Africa, according to a new research report, it appears those higher environmental, social, and governance (ESG) have been difficult to meet.
Researchers from Boston University's Global Development Policy Center, the Fudan University Green Finance and Development Center, the South African Institute of International Affairs, and LSE IDEAS teamed up to examine ESG standards at five Chinese-funded infrastructure projects in Egypt, Nigeria, and Ethiopia.
Two of the scholars on that team, Cecilia Han Springer and Christoph Nedopil, join Cobus (who also contributed to the research) to discuss their findings and explain why Chinese companies continue to struggle to meet minimum ESG standards in Africa.
SHOW NOTES:
Read the full report: Elevating ESG: Empirical Lessons on Environmental, Social and Governance Implementation of Chinese Projects in Africa: https://bit.ly/46ZHL4d
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Chinese Infrastructure Projects in Africa Don't Meet ESG Standards