Strive to write a major article on green finance to support high-quality economic development. China Everbright Bank launches a green finance work plan
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First proposed at the 2023 Central Financial Work Conference“byAccelerate the goal of building a financial power“,emphasize“Finance must provide high-quality services for economic and social development“,And notedwant“Prepare five major articles on technology finance, green finance, inclusive finance, pension finance, and digital finance“.The 2024 Government Work Report includes five major articles for the first time.asstate-owned joint-stock commercial bank,China Everbright BankIn accordance with the decisions and arrangements of the Central Financial Work Conference and the policy requirements of the regulatory authorities, we will conduct special research and deployment at the first time, clarify the leading department, refine the implementation measures, and launch them one after another.Technology finance, green finance, inclusive finance, pension finance, digital financefive itemsworking plan.
According to the China Everbright Bank Green Finance Work Plan (hereinafter referred to as“plan”),China Everbright Bank will“Key directions for green finance efforts““Green Finance Customer Service System” “Green FinanceSupportingsupportpolicy“Green Finance Capacity Building and Team Building” “Everbright Green Brand Building” “ESG and Climate Risk Management”waitMake efforts in all aspects and strive to createhierarchical, hierarchical, groupedThe “Green Finance +” comprehensive service system continues toImprove green business support policies, effectively enhance the effectiveness of technology-empowered green finance, and vigorously support major national strategies.Strictly observeESG and climate risk management bottom line,will build“Green Everbright” is integrated into the bank’s development strategy and continues to inject new energy into Everbright’s high-quality economic development.
In terms of industry support policies, in order to betterMake use of green finance as a resource allocation tool,China Everbright BankEmphasize in the planBased on the basic national conditions of my country, which is dominated by coal,vigorouslySupport key areas such as clean energy, green infrastructure and the transformation and upgrading of traditional industries,andFormulate the “Green Finance Portfolio Policy” to clarify key support areas and risk management points.
In terms of customer service system, the plan proposes to form a green financial customer service system in a hierarchical and group-based manner.Key supportindustry development directionproactively deploy green business,for different fieldsGreen finance customer basesupplyIntegrated comprehensive financial services,pass“Green Finance+science and technology,inclusive,pension,digital finance“Effective combination to enhance the ability to serve the real economy.
SupportingsupportPolicyChina Everbright Bank sets a separate special credit scale for green finance enterprise loans, establishes a rapid response mechanism for green loan approval, implements preferential internal fund transfer pricing, develops an incentive mechanism, and provides differentiated support to key green finance branches.
Capacity and team buildingIn terms of banking, China Everbright Bank focuses onStrengthen the construction of green talent team,soundGreen Finance Industry Research Group,Follow up on key industry trends with the help of industry research expert resources,Enhance the bank’s capabilities in the field of green financemajorability.
Brand BuildingIn terms of China Everbright BanktimePay attention to and respond to stakeholder expectations, enrich annual reports,ESG report disclosure content and enhance the professionalism of report disclosure,Continuously enhance the brand awareness and influence of green finance.
ESG and climate risk managementIn terms of China Everbright BankContinue to improve the ability to identify green and low-carbon economic activities,Progress in an orderly mannercarbonEmissions dataaccountingand scenario analysis,Actively respond to climate change-related financial risks and avoid“Sports-style” carbon reduction;WillESG risk management requirements are embedded in every aspect of the credit business to ensure compliance with substantive compliance requirements and strict implementation of full-process control.
It is reported that,In 2023, China Everbright BankFully explore innovative green financeand transformational financeproduct,LandedSustainability linked loans,carbon footprint pegloanwait;Successfully issued green financial bonds, and won the best green rating certificationG1;Underwriting the first charge-earning rights category in the marketABCP green asset-backed commercial paper (carbon neutral bond);in the credit systemsuperiorWireGot itGreen financing label automated auxiliary identification tool and environmental benefit calculation tool,Strengthen green label management and improve the accuracy of green classification,Promote high-quality growth of green loans.As ofAt the end of 2023,The bankGreen loan balanceovertake3100billion, an increase from the end of the previous year57%;Clean energy industry loan balance630billion, an increase from the end of the previous year102%;Green bond investment increased compared with the end of the previous year43%.With its outstanding performance in the field of green finance, China Everbright BankMSCI ESG Ratings 2023forClass A,andBecome one of the first International Sustainability Code Councils (ISSB) supporting institutions.
In the next step, China Everbright Bank will insist onThe working principle of “seeking progress while maintaining stability, overall planning and coordination, establishing first and then breaking, and implementing policies by category”,Do it wellplanthe implementation ofexistPromote own low-carbon operationsAt the same time,Seize market opportunities,Riding on the momentum to develop green finance,WithStrive to createA green finance brand with high market recognition,Helping the green economyhigh quality development.
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