From December 2 to 4, the International Finance Forum (IFF) Annual Meeting 2022 and the Awarding Ceremony of the 2022 IFF Global Green Finance Award were held in Guangzhou. CCB won “Global Green Finance Award · Annual Award”. The IFF is an independent non-profit and unofficial international organization jointly initiated and founded by the G20 members including China, the United States and the EU, the World Bank, the International Monetary Fund and other relevant international organizations in October 2003. The theme of the 2022 IFF Global Green Finance Award is “Global Green Finance Practices and Green Innovation”. The “Global Green Finance Award · Annual Award” is awarded to institutions that have made outstanding contributions to supporting low-carbon transformation, addressing climate change and protecting biodiversity.
CCB has always been following the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and applying the new development philosophy in full, in the right way, and in all fields of endeavor. With a focus on the objectives of ecological conservation and the carbon peak and carbon neutrality “1+N” policy requirements, CCB has, led by the New Finance Initiative, given full play to the role of green finance in guiding resources to support the building and improvement of the economic system featuring green, low carbon and circular development. In July 2022, CCB issued the Environmental Information Disclosure (TCFD) Report, the first of its kind from large state-owned banks. In this report, CCB has disclosed its strategic plan for the development of green finance and action plan for serving the carbon peak and carbon neutrality policy, and laid out the strategic vision of “strive to become a bank with world-leading sustainable development”. The report truthfully reflects CCB’s exploration and practice in supporting the green and low-carbon transformation of the economy and society, and presents CCB’s advanced ideas and excellent results in environment-related governance structure, policies and regulations, analysis and management of risks and opportunities, environmental impact of investment and financing activities, green operation and product innovation, etc. As at the end of September 2022, CCB’s total green loans amounted to RMB2.6 trillion. In 2021, CCB issued RMB45.495 billion ESG themed bonds and underwrote RMB124.037 billion green and sustainability bonds.
Next, CCB will continue to promote the implementation of relevant strategic plans including the Strategic Plan for the Development of Green Finance (2022-2025) and the Action Plan for Serving Carbon Peak and Carbon Neutrality. CCB will accelerate the development of green finance business, increase the investment in green industries and projects, strengthen the green nature and feature of our assets, and continue to establish a green asset balance sheet. CCB will explore innovations in financial products and services, properly address environmental and climate risks, intensify technology empowerment and application, and build an eco-friendly bank, contributing CCB’s wisdom and resources to the green and low-carbon transformation and sustainable development of the economy and society.
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