Project Completion Report SECTION A: Project profile Project number & title: Project time period: Committee / WG / Fora: Project Overseer Name / Organization / Economy: CTI 18 2013T (IEG) – Case Studies on the Best Practice of Sustainable Investment in APEC Region Date 2013.09-2015.03 July 9, 2015 submitted: Committee on Trade and Investment (CTI) / Investment Experts' Group (IEG) Yang Zhengwei / Director, Department of International Trade & Economic Affairs, Ministry of Commerce of China SECTION B: Project report and reflection 1. Project description: In 3-4 sentences, please describe the project and its main objectives. The project is designed to, through holding a series of case studies and information exchange seminar on sustainable investment for inclusive development, raise understanding and awareness of opportunities for inclusive development within APEC economies; share experience, lessons and opinions on balancing investment, environmental, and social objectives to increase the public support for free and open trade and investment, thereby creating more new demand and jobs; and share experience on improving the living environment and community livelihood. 2. Meeting objectives: Describe how the project met each of its proposed objectives. Please outline any challenges you may have encountered in delivering the activity. The proposed objectives of the project have been met. In order to achieve these goals we set, five case studies were collected. The case studies were analyzed on various aspects of sustainable investment, including: the role and forms of legislations and regulations of investment in investor economies and host economies regarding environmental, labour, and other social risk management, how stakeholders(host economy, investors, NGOs, local communities, etc.) react to environmental and social risk of investment. Based on the finding of case studies, a workshop was held to share information and experience on sustainable investment in APEC region. In this workshop: 1) Hard copies of the case studies were provided to all participants. This could help the participants to deepen understanding on the topic. 2) Many experts and delegates of APEC economies were invited to share their experience and views on the role of governments could play in the promoting the sustainable oversea investment; 3) Representatives from companies were also invited to share their good practice on promoting the sustainable oversea investment in APEC region. They also discussed key questions about the oversea sustainable investment. 4) The difficulties and challenges on how to fulfill corporate social responsibility, how to get along with local community, how to enhance environmental protections, were wide discussed to raise understanding and awareness on sustainable oversea investment. The biggest challenge is time. As the duration of the workshop is only one day, there is not enough time for discussion. A workshop of two days is necessary. 3. Evaluation: Describe the process undertaken to evaluate the project upon completion. (e.g. evaluation through participant surveys, peer reviews of outputs, assessments against indicators, statistics demonstrating use of outputs etc.). Provide analysis of results of evaluations conducted and where possible include information on impacts on gender. Evaluation data needs to be included as an appendix. After the workshop, a survey was made to evaluate the workshop. From the results of the workshop evaluation, we can see that the workshop was widely accepted by the participants and the goals of the workshop were successfully achieved. Detailed information of the evaluation please refers to table 1. Feedbacks showed that this workshop was of great value and helpful for enterprises engaging in foreign investment to avoid the risks associated with environmental and social problems, and will benefit the creation of a sustainable and inclusive of development for the APEC region. Table 1: Summary of the Evaluation Survey Strongly Agree Agree Disagree The objectives of the seminar were clearly defined 56.1% 43.9% 0.0% The seminar achieved its intended objectives 49.0% 51.0% 0.0% The agenda items and topics covered were relevant 53.7% 46.3% 0.0% The content was well organized and easy to follow 56.1% 41.5% 2.4% Gender issues were sufficiently addressed during implementation 36.6% 48.8% 14.6% The trainers/experts or facilitators were well prepared and knowledgeable about the topic 61.0% 39.0% 0.0% The materials distributed were useful 56.1% 39.0% 4.9% The time allotted for the discussion was sufficient 34.1% 46.3% 19.5% 5 4 very mostly somewha t a little not much How relevant was this workshop to you and your economy? 51.2% 39.0% 9.8% 0.0% 0.0% Rate your level of knowledge of and skills in the topic prior to participating in the event: 9.8% 19.5% 65.9% 4.9% 0.0% Rate your level of knowledge of and skills in the topic after participating in the event: 19.5% 58.5% 22.0% 0.0% 0.0% 3 2 1 4. Output indicators: Describe the main project outputs below. This may include workshops, tools, research papers, reports, recommendations, best practices, action plans. .Indicators (Edit or Insert rows as needed) # workshops / events # planned Details or notes The workshop on the best practice of 1 # participants (M/F) # actual 86 1 sustainable investment in APEC region was held in Beijing on 9 Feb. 2015, with the attendance of around 80 representatives from APEC economies, international organizations, and enterprises, and received good results. 86(57/29) # economies attending 21 10 # speakers engaged 18 18 # other organizations engaged 0 0 # publications distributed 2 2 3 3 # recommendations agreed on U.S, Viet Nam, PNG, Malaysia, Indonesia, Thailand, Chile, Mexico, Hong Kong, China, and China attended this workshop. The proceedings on the best practice of sustainable investment in APEC region, and summary report were prepared and uploaded to the APEC publication database All the participants in the workshop agreed on the following three recommendations: 1. Strengthen optimum experience communication and sharing in the region; 2.Organize analysis of the “best cases of sustainable investment within the APEC region” at regular intervals; 3.Promote the forming of voluntary sustainable foreign/cross-border investment and trade rules for all sides to follow; adopt feasible measures to encourage and guide regional sustainable investment and trade; assist developing economies to strengthen their environmental management capacity for foreign investment and trade. Other: Comments: The workshop on the best practice of sustainable investment in APEC region was held in Beijing on 9 Feb. 2015, with the attendance of around 80 representatives from APEC economies, international organizations, and enterprises, and received good results. After the workshop, a summary report was prepared and circulated within member economies. 5. Outcomes: Describe any specific medium-term changes to policy, processes or behavior that can be attributed to result from this activity. Please include details on: What indicators were used to measure medium-term impact? (Example indicators: type/number of policies/ regulations/processes changed, % of businesses conforming to new standards, change in sector’s commercial activity, # individual action plans developed, # agencies using resource or tools etc.) Monitoring plans in place and proposed indicators to measure impacts, including any impacts on gender. Please summarise relevant information. On one hand, after this workshop, the understanding of APEC economies on the sustainable oversea investment improved; on the other hand, the good experience shared in the workshop will be great helpful for enterprises to avoid environmental and social risk during their business activities. In the future, three indicators should be monitored. The first one is the sustainable oversea investment laws and regulations in each economy, the second one is the enterprises’ behavior in their oversea business, and the third one is monitoring the impact on the career path of the female participants. 6. Participants (compulsory for events): Must be gender-aggregated. May be included as appendix. Economy (Insert rows as needed) 9 APEC Economies Other: # male # female 15 5 42 24 Details Comments: What was the approach undertaken for participant nomination/selection and targeting? Please provide details. What follow-up actions are expected? How will participants/beneficiaries continue to be engaged and supported to progress this work? There were two main approaches for participant nomination. One is the information about the workshop was circulated with APEC's help and asked CTI members nominate participants and the other one is the experts who are very professional and knowledgeable in the field of Oversea Sustainable Investment were directly contacted and invited. After the workshop a summary report was submitted and uploaded to Project Data Base with APEC secretariat's help. This report can be downloaded and remarked by public. Besides, we still keep in touch with the experts we invited in the workshop and continue discuss the possibility and feasibility to further liberalize trade in Oversea Sustainable Investment. 7. Key findings: Describe 1-3 examples of key findings, challenges or success stories arising from the project (e.g. research or case studies results, policy recommendations, roadblocks to progress on an issue, impacts on gender). Challenges: The biggest challenge is time. As the duration of the workshop is only one day, there is not enough time for discussion. The workshop should be longer. We also hope there could be active involvement of the developed economies that can provide and share useful experience of sustainable oversea investment. Success stories: All participants agree that the workshop helps them to learn experience about sustainable investment. And this new knowledge will be considered as their new way of thinking and could be used as their new policy. Many participants hope to host more workshops and invite more FDI experts. They also suggest that the meeting should be longer. When we started the nomination process for collecting successful cases in sustainable investment, we received recommendation from Oil Search (Papua New Guinea) Limited. The general manager of Oil Search was also invited to share their good practice in this workshop. He introduced their programs on promoting sustainable oversea investment. They have a comprehensive series of social programs to help government and communities address social and economic challenges across infrastructure, education and health, etc. He agrees with the sustainable development strategy. Recommendations: 1. Strengthen optimum experience communication and sharing in the region, encourage research on sustainable investment, and spread the fruits of this research through forums, the internet, publications and other means. 2.Organize analysis of the “best cases of sustainable investment within the APEC region” at regular intervals, and promote the winning enterprises’ good experiences and practices. 3.Promote the forming of voluntary sustainable foreign/cross-border investment and trade rules for all sides to follow; adopt feasible measures to encourage and guide regional sustainable investment and trade; assist developing economies to strengthen their environmental management capacity for foreign investment and trade. 8. Next steps: Describe any planned follow-up steps or projects, such as workshops, postactivity evaluations, or research to assess the impact of this activity. How will the indicators from Question 5 be tracked? How will this activity inform any future APEC activities? After this project, the following activities are planned to take: 1) Experts’ suggestions and enterprises’ good cases shared in the workshop will be added into the research report; 2) Some of the experts who participated in the workshop will be invited to make a further discussion and evaluation on the sustainable oversea investment; 3) All the results from the activities above will be summarized and shared with the participants of the workshop held before through email or other channels. 9. Feedback for the Secretariat: Do you have suggestions for more effective support by APEC fora or the Secretariat? Any assessment of consultants, experts or other stakeholders to share? The Secretariat examines feedback trends to identify ways to improve our systems. The Secretariat has offered great help and supports for the project implementation. In the future, more kind of effective communication channel will be more helpful for project management. SECTION C: Budget No. Item Description Budget Actual Balance Variance Notes 1. Speaker's Honorarium 4,000.00 4,000.00 0.00 - 2. Translator’s Fees 2000.00 0.00 2000.00 3. ST Clerical & Secretariat Staff 16,000.00 16,000.00 0.00 - 4. Consultant Fee (Researcher incl.) 18,000.00 18,000.00 0.00 - 5. Consultant’s Secretary Cost 16,000.00 16,000.00 0.00 - 6. Per Diem Speakers/Experts/Researcher 6000.00 3822.50 2177.50 Only 5 speakers come from 8 speakers planned 7. Per Diem- Participants/Trainees 16,500.00 9,938.50 6,561.50 Only 14 participants come from 22 participants planned 8. Airfare Speakers/Experts/Researcher 20,000.00 6,883.06 13,116.94 - Only for 5 speakers from 8 speakers planned, and The funding does not include the translation of final project reports/or final outputs - variance of airfare 9. Airfare -Participants/Trainees 44,000.00 23,593.84 20,406.16 - Only for 14 participants from 22 participants planned, and - variance of airfare 10. Publication of Report 2,500.00 2,500.00 0.00 - 11. Communication 2,000.00 2,000.00 0.00 - Component Total 147,000.00 102,737.9 44,262.1 - Project Total 147,000.00 102,737.9 44,262.1 - Explanation of project extension: In order to improve the quality of case studies, we applied for an extension of 3 months. The APEC Secretariat approved the application and the disbursement deadline was extended to the end of March 2015. The workshop was held on time in Beijing (Feb 9, 2015), and we submitted the Case Study Report, meeting materials and Summary Report to the APEC Secretariat on March 13, 2015. Then the Secretariat circulated those documents to member economies. After receiving comments from the US on March 27, we spent some time to communicate with the US and revise the Case Study Report and Summary Report according to the suggestions from the US. SECTION D: Appendices Please attach the following documentation to the report as required. Note that the participant contact list is a mandatory requirement for all Project completion reports. 1 2 3 4 5 Appendices Notes Experts / consultants list: contact info, job titles, roles, gender Event Agenda link to case study report Reports, websites or resources created: links or soft copies Post activity survey or other evaluation data (raw and/or aggregated) Participant contact list: contact info, gender, job titles (mandatory) Other information or resources FOR APEC SECRETARIAT USE ONLY APEC comments: Were APEC project guidelines followed? Could the project have been managed more effectively or easily by the PO? APEC funded participants list Economy Name Gender Job Title Contact Viet Nam Thai Thu Phuong Female Deputy Head phuongfia@mpi.gov.vn Chile Diego Torres Male Chile Rodrigo Mladinic Male Mexico Marilu Cisneros Vargas Female marilu.cisneros@economia.gob.m x Mexico Carolina Melisa Garcia Monroy Female melisa.garcia@economia.gob.mx Peru Manuel Suarez Male esuarezm@proinversion.gob.pe PNG Desmond Pokajam Male Senior Investment Officer desmondp@ipa.gov.pg PNG Jeffrey Hete Male Business Information Officer jhete@ipa.gov.pg Viet Nam Pham Thanh Binh Male binhmpi@gmail.com Viet Nam Le Quang Tuan Male letuan@mpi.gov.vn Malaysia Shamala Thevi D/O Raja Gopal Female shamalathevi@miti.gov.my Malaysia Safwan Nizar Bin Johari Male Indonesia Rizky Priyadi Utama Male rizky.priyadi.utama@gmail.com Indonesia A. Rahman Hakim Male rahmanhakimmm@gmail.com Thailand Apipong Khunakornbodintr Male Director apipong@boi.go.th Thailand Zhou Jie Female Operation Assistant zhoujie@boi.go.th DTORRES@DIRECON.GOB.CL Advisor Executive RMLADINIC@DIRECON.GOB.CL safwan@mida.gov.my Non-APEC funded participants list Economy Name Gender Job Title President and Editorin-chief executive deputy secretary-general China Yu Zhihong Male China Wang Fengzuo Female China Wang Lei Female Hong Kong, China Matt Hu Male China Zhang Shiguo Male Director China Lou Anru Male Director China Mao Xianqiang Male Professor maoxq@bnu.edu.cn China Li Nuyun Female Secretary-General linuyun516@vip.sina.com China Wang Wen'an Male Director wenan-wang@stategrid.com.cn China Yu Zuojiang Male Vice president ya313@cofco.com China Zhao Xiufu Male Deputy Director Xf_zhao@chalco.com.cn US Jasmine Tian Female Sustainability Director jatian@coca-cola.com US Paige Snider Male economic officer SniderPA@state.gov Sze Ping LO Male CEO splo@wwfchina.org Vice President Contact zhihong.yu@wtoguide.net helenawfz@aliyun.com wanglei@cheaa.org matt_sl_hu@bjo.gov.hk zhang-shi-guo@263.net Economy Name Gender Job Title Contact Zhang Guojun Male Senior Director Guojun Zhang@wwfchina.org Zhu Li Male China program officer Li.Zhu@wwfus.org US Dan Murphy Male Program Director d.murphy@yale.edu China Yang Zhengwei Male Director yangzhengwei@ mofcom.gov.cn China Du Yi Female China Li Li Female Director rinvest@mofcom.gov.cn China Pei Jiansuo Male Associate professor jpei@uibe.edu.cn China Liang Ming Male liangming@foxmail.com China Li Yong Male liyong@mofcom.gov.cn China Hu Shuguang Male Associate professor China Li Yuxiao Female Associate professor liyuxiao2@sina.com China Qian Xiaojun Female Professor qianxj@sem.tsinghua.edu.cn China Yang Kaijun Male Associate professor niceyoung@126.com Program Officer wen.yuanyuan@mepfeco.org.c n duyi@mofcom.gov.cn shg-hu@ruc.edu.cn China Wen Yuanyuan Male China Zhang Tonglei Male Assistant zbyhxh163@163.com General Manager Assistant panhb@cofco.com China Pan Huabin Male China Sun Yue Female sunyue.th@cofco.com China Wu Yang Male China Wang Xiaohan Female China Hu Tianyang Female China Wang Sudan Female China Lin Jinyou Male China Yang Fei Female yangfei@chinca.org China Cui Jiapeng Male 1553141765@qq.com China Wu Yanyang Male intern yanyangwu@wwfus.org China Chen Boping Male Project officer Boping Chen@wwfchinca.org China Guo Lina Female Project officer China Gao Hui Male Project officer Hui Gao@wwfchina.org China Lu Yiyi Female Project officer YYLu@wwfchina.org China Hou Yanlin Female Project officer houyanlin@wwfchina.org China Li Shengwen Female Project officer China Li Nan Female Project officer nli@wwfchina.org China Xing Youkai Male Assistant xingyoukai@163.com China Liu Qian Female Assistant liuqian19831009@163.com China Song Peng Male Doctor songpeng_ee@163.com China Liu Zhengyan Male Doctor lzy0537@163.com China Gao Yubing Female Assistant zjjgyb91@mail.bnu.edu.cn China Jiang Yazhen Female Master jiangyazhen@mail.bnu.edu.cn China Zeng’an Female Doctor zeng_an@mail.bnu.edu.cn China Gabriele Corsetti Male Doctor gabriel.corsetti@gmail.com China He Feng Male Master China Wang Zhengzao Female Master Project Assistant, tianyang.hu@hotmail.com wangsd@mail.cmec.com 200911181016@mail.bnu.edu. cn 201011181038@mail.bnu.edu. cn Economy Name Gender Job Title Contact 201111181013@mail.bnu.edu. cn China Wang Mudan Female Master China Zhou Ji Male Doctor China Zhu Songsong Male China Gao Yan Female China Liu Shumei Female Editor China Xiang Nan Female Project manager China Hou Chuqing Female Director China Wei Dong Male Deputy Director China Huang Shuichi Male Deputy Director huang971515@126.com China Zhao Dongming Male Assistant Consultant dongming.zhao@goldenbeechi na.com zhoujizhouji2006@126.com 1187319104@qq.com Shumei.liu@wtoguide.net nan.xiang@goldenbeechina.co m chuqing.hou@goldenbeechina. com dong.wei@goldenbeechina.co m APEC funded speakers list Economy Name Gender Job Title Contact Viet Nam Thai Thu Phuong China Hu Tao Female Deputy Head phuongfia@mpi.gov.vn Male Director of China program Tao.hu@wwfus.org US Jim Harkness Male President Emeritus PNG Michael Uiari Male General Manager Hong Kong, China David Dodwell Male Executive Director jimharkness@yahoo.com michael.uiari@oilsearch.c om david.dodwell@strategica ccess.com.hk Non-APEC funded speakers list Economy Name Gender Job Title Contact China Mao Xianqiang Male Professor maoxq@bnu.edu.cn China Li Nuyun Female Secretary-General linuyun516@vip.sina.com China Wang Wen'an Male Director wenanwang@stategrid.com.cn China Yu Zuojiang Male Vice president ya313@cofco.com China Zhao Xiufu Male Deputy Director Xf_zhao@chalco.com.cn US Jasmine Tian Female Sustainability Director jatian@coca-cola.com US Paige Snider Male economic officer SniderPA@state.gov China Yu Zhihong Male President and Editor-in-chief zhihong.yu@wtoguide.ne t China Wang Fengzuo Female executive deputy secretary-general helenawfz@aliyun.com China Wang Lei Female Vice President wanglei@cheaa.org Hong Kong,China Matt Hu Male Director matt_sl_hu@bjo.gov.hk China Zhang Shiguo Male Director zhang-shi-guo@263.net China Zhang Jianping Male Researcher zhangjpg@aliyun.com Workshop on the Best Practice of Sustainable Investment in APEC Region Feb 9, 2015 Gehua New Century Hotel Beijing, the People’s Republic of China Agenda 8:30 am – 9:00 am Arrival & Registration Opening Remarks Moderator: Prof. Mao Xianqiang, Beijing Normal University Mr. Yang Zhengwei, Director, Department of International Trade & Economic Affairs, Ministry of Commerce of China 9:00 am – 9:20 am Mr. Lou Anru, Director, Office of Science and Technology, Beijing Normal University Mr. Sze Ping Lo, CEO, WWF-China John Larkin, Chair, APEC CTI (TBD) Session 1: Overall Situation of the Sustainable Investment in APEC region and worldwide This session will have an overview of the general situation of sustainable oversea investment in APEC region and worldwide. Representatives from APEC economies, academia, international organizations and NGOs will discuss the background, current development and trends of the sustainable oversea investment. The challenges and opportunities for the sustainable investment in APEC region will be discussed in this session as well. Moderator: Dr. HU Tao, Director, China Program, WWF-US 9:25 am – 10:35am Speakers: Mr. Jim Harkaness, President Emeritus, Institute of Food and Trade Policy, US Dr. Mao Xianqiang, Prof., Beijing Normal University Mr. Yu Zhihong, President/Chief Editor, China WTO Tribune Mr. David Dodwell, Executive Director, Hong Kong-APEC Trade Policy Group Discussion (Questions & Answers) 10:35 am – 10:50am Coffee Break Session 2: APEC economies’ experience sharing: How to facilitate the Sustainable Investment through learning from the best practice 10:50 am–12:20 am In this session, representatives from APEC economies will center on the role of governments could play in the promoting the sustainable oversea investment to discuss and share their experience and views. Several key questions will be mainly addressed, such as how to make favorable policies to promote local private sectors to invest outward, how to create a friendly business environment to attract more overseas investment, and how to guard against risks in the development of the sustainable investment. Moderator: Dr. Li Nuyun, Secretary-General, China Green Carbon Foundation Speakers: Ms. Wang Fengzuo, Executive Deputy Secretary-general, UN Global Compact Network China Ms. Thai Thu Phuong, Deputy Head, Investment Promotion Division under Foreign Investment Agency, Viet Nam Mr. Matt Hu, Head of Investment Promotion, North and Central China, the Office of the Government of the HKSAR in Beijing Mr. Zhang Jianping, Researcher, Academy of Macroeconomic Research. NDRC Paige Snider, Economic Officer, Economic Section US Embassy Beijing Discussion (Questions & Answers) 12:20am – 1:30 pm Lunch Break Session 3: Investors’ experience sharing: How to facilitate the Sustainable Investment through learning from the best practice In this session, representatives from private sectors will share their views and experience on promoting the sustainable oversea investment, and deepen understanding and awareness of mutual benefit of the sustainable investment in APEC region. They will also have a wide discussion on several key questions around the sustainable oversea investment, such as what is the relationship between CSR and the sustainable investment, how to get along with local community, how to enhance environmental protections, so as to promote the development of the sustainable investment 1:30pm –2:40 pm and eventually create a favorable living environment in the region. Moderator: Mr. Zhang Guojun, Senior Director, WWF-China Speakers: Mr. Yu Zuojiang, Vice President, COFCO Tunhe CO., Ltd. Mr. Michael Uiari, General Manager of PNG Commercial, Legal & Stakeholder Management, Oil Search Limited, PNG Mr. Wang Wen’an, Division Director, the State Grid Corporation of China Mr. Zhang Shiguo, Director, Plangning Department, China Industrial Overseas Development Association Discussion (Questions & Answers) 2:40 pm –2:55 pm Coffee Break Session 3: (Continue): Investors’ experience sharing: How to facilitate the Sustainable Investment through learning from the best practice Moderator: Mr. Yu Zhihong, President/Chief Editor, China WTO Tribune Speakers: Ms. Tian Wenhong, Sustainable Development Director, Greater China and Korea, Coca-Cola 2:55 pm – 4:10 pm Dr. Li Nuyun, Secretary-General, China Green Carbon Foundation Mr. Zhao Xiufu, Deputy Director, Reform and Development Center, Aluminum Corporation of China Ms. Wang Lei ,Vice Chair, China Household Electrical Appliances Association(CHEAA) Discussion (Questions & Answers) Session 4: Way Forward: Recommendations on how to facilitate the Sustainable Investment in APEC region and worldwide In this session, representatives from APEC member economies, industries, NGOs, and academia will have a wide discussion and develop recommendations on how to facilitate the sustainable oversea investment in APEC region, with a view to assisting economies and companies in designing policies and taking actions to promote the sustainable oversea investment in various industry sectors in APEC regions. 4:15 pm – 5:00pm Moderator: Prof. Mao Xianqiang, Beijing Normal University Speakers: Dr. HU Tao, Director, China Program, WWF-US Mr. Yang Zhengwei, Director, Department of International Trade & Economic Affairs, Ministry of Commerce of China Discussion (Questions & Answers) 5:00 pm Closing