The Role of Law
Edited by Ed Couzens, Alexander Paterson, Sophie Riley and Yanti Fristikawati
Chapter 6: Forest biodiversity conservation: strengthening the regulation and management of Chinese enterprises during foreign investment
This chapter considers the relatively recent but large-scale expansion of investment into foreign, especially developing. countries by China. This expansion (if not controlled and sustainably managed) has implications, potentially negative, both for the conservation of forest biodiversity and for the reputation of the enterprises responsible for negative consequences. The rise of the concept of corporate social responsibility is considered. Suggestions are made as to how such investment initiatives might be sustainably managed through requirements that environmental consideration be made a compulsory part of the investment process – and through the strengthening of corporate social responsibility and corporate accountability, and the adoption of socially (and environmentally) responsible business practices. It is concluded that the emergence of multinationals as a political force, the advent of the new international economic order, and growing concerns about the environment and biodiversity currently provide international law with an opportunity to evolve to suit global needs. Finally, it is suggested that, as an important partner and stakeholder in global environmental governance, China could be a central force in adopting resolutions and establishing codes of conduct.
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