Climate Change Data

Boston University’s Global Economic Governance Initiative (GEGI)

Climate Impact & Sustainability Data (2008-2013)

Reporting Period: 2008-2013

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Ecuador's labor law requiring foreign oil companies to hire local workers and eliminating disparity between direct and subcontracted workers.
  • Peru joined the Extractive Industries Transparency Initiative (EITI), requiring detailed, online reporting of revenue flows between governments and extractive companies.
  • China developed new guidelines for outbound investors, including environmental and social safeguards.

Social Achievements

  • Ecuador's labor law requiring foreign oil companies to hire local workers and eliminating disparity between direct and subcontracted workers.
  • Peru enacted legislation to implement ILO Convention 169, granting indigenous communities the right to prior consultation on state policies affecting them.
  • Some Chinese companies exceeded local standards (Andes Petroleum in Ecuador, Chinalco in Peru, Golden Dragon Affiliates in Mexico).

Governance Achievements

  • Peru joined the Extractive Industries Transparency Initiative (EITI) and became the first country in the Americas to be declared compliant.
  • China developed new guidelines for outbound investors, including environmental and social safeguards.

Climate Goals & Targets

Environmental Challenges

  • Latin American governments faced pressure to relax environmental and social protections.
  • China’s social and environmental safeguards lacked enforcement power and transparency.
  • Performance of Chinese firms varied widely across different regulatory regimes.
  • Latin American civil society faced pressure to erode existing protections.
Mitigation Strategies
  • Latin American governments needed to resist demands for deregulation and strengthen enforcement of existing laws.
  • China could enhance its safeguards through formal reporting and grievance mechanisms.
  • Latin American governments and civil society could raise the performance level of Chinese firms through accountability and facilitating learning.
  • Latin American civil society needed to hold the line against pressure to erode protections and work constructively with Chinese government.

Supply Chain Management

Responsible Procurement
  • CNOOC’s development of a local small-business suppliers program in Argentina

Climate-Related Risks & Opportunities

Physical Risks
  • Deforestation