Chinese banks finance projects caring two hoots for environment 
While Chinese banks have now literally got immune to the condemnation and slamming by global environment activists for financing environmentally perilous and conflict-ridden projects at home and outside the country, what may hurt them financially is that their poor environmental financing standards are now affecting their competitive advantage. A recent report published by the leading international NGO, Bank Track, reveals that only two out of top ten banks, China Development Bank (CDB) and Export and Import Bank of China (Chexim) have a semblance of transparency in environmental policies.
While Chinese banks have now literally got immune to the condemnation and slamming by global environment activists for financing environmentally perilous and conflict-ridden projects at home and outside the country, what may hurt them financially is that their poor environmental financing standards are now affecting their competitive advantage. A recent report published by the leading international NGO, Bank Track, reveals that only two out of top ten banks, China Development Bank (CDB) and Export and Import Bank of China (Chexim) have a semblance of transparency in environmental policies.
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Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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