This year, China Merchants Bank held a green finance brand conference, at which China Merchants Bank successfully released green financial products and services and the Sustainable Finance Report in the Context of Carbon Peaking and Carbon Neutrality, and comprehensively demonstrated its exploration and practice in green operation.
At present, China Merchants Bank is following the path of green development, continuously deepening industry awareness, innovating green financial products, exploring green operations, and helping enterprises ignite green engines, achieve green value creation, and help the mainland achieve the major strategic goals of carbon peak and carbon neutrality through its own high-quality development and accompanying enterprises in green development.
At the press conference, China Merchants Bank also released the green finance brand, which was witnessed by executives and experts from leading enterprises in the fields of new energy power generation, new energy vehicles, energy conservation and environmental protection, and iron and steel.
Investigation and research should be carried out first, and the results of green finance research will be released
Since September 2020, when the mainland clearly put forward the "dual carbon" goal, the central government has completed the "1+N" policy system, and the "dual carbon" strategy is in full swing. From the supply side to the energy consumption side, the green development of energy saving, efficiency improvement and carbon reduction will benefit the development of the industry and the lives of residents. At the press conference, China Merchants Bank Research Institute released important research results on green finance.
The Report on Sustainable Finance in the Context of Carbon Peaking and Carbon Neutrality proposes that the "dual carbon" action will be carried out in an orderly manner according to the trend of "double new", that is, "new energy" and "new electrification revolution". At the same time, with the continuous development of new energy-saving technologies and the continuous construction of forest carbon sinks, a total of about 160 trillion yuan of market investment demand can be generated. The report also examines the development trend of green finance and expounds the ideas and directions of China Merchants Bank to support the development of green industries.
In the view of China Merchants Bank, the core essence of green finance is to cultivate green customers. On the one hand, CMB's green finance customers are "broad and comprehensive", covering not only customers in "deep green" industries such as wind power, photovoltaic and new energy vehicles, but also customers in "transformation" industries such as thermal power, iron and steel, and building materials. On the other hand, China Merchants Bank (CMB) provides customers with "precise and accurate" differentiated services by virtue of its industry specialization, and is committed to providing customers with more efficient and more effective services by continuously deepening industry awareness and understanding customer needs.
Thanks to the full recognition of the strategic value of green development, the positioning of green finance in the business system of China Merchants Bank has been continuously improved. China Merchants Bank (CMB) has established the Green Finance Business Development Committee, which is responsible for planning the development direction, formulating business strategies and implementing development tasks as the coordinating body for the green work of the whole bank. This year, China Merchants Bank has included green finance in the "Seven Characteristics" direction of corporate finance. Under the guidance of the strategic goal of "value banking", we will increase policy and resource support for green finance, and actively integrate it into the national green development strategy.
Build a product matrix and promote green finance services
Under the "dual carbon" goal, the energy transformation continues to advance in depth, and green finance ushers in a period of accelerated development. China Merchants Bank keeps up with the changes of the times and builds its own advantages in green finance development. China Merchants Bank Chengdu Branch gives full play to its service advantages and provides customers with a full range of financial services through public-private linkage and head office and branch linkage.
China Merchants Bank's outstanding achievements in the field of green finance stem from three initiatives:
The first is to actively promote the improvement of its own green capabilities. At the same time, China Merchants Bank has incorporated climate risk into the pre-loan and post-loan management of credit business, established an environmental risk database, and incorporated environmental assessment factors into customer ratings and business risk cost measurement models to reduce the cost of loans for green industries and projects and support green development, and carried out "carbon capacity" During the construction work, we launched the carbon inventory of investment and financing, and incorporated carbon emission information into the KYC management of customers, and continued to promote the construction of the bank's carbon information database. China Merchants Bank uses carbon data to promote carbon-linked financial products and promote transition financial products and services.
The second is to focus on creating differentiated service advantages. Since its establishment in 1987, "change because of you" has always been the business philosophy of China Merchants Bank. In the field of green finance, China Merchants Bank (CMB) has always paid attention to the development trend of the industry, grasped the changes in customer needs, and provided differentiated service solutions by virtue of its professional capabilities in the industry, from serving green energy, green transportation, and green buildings to supporting the green and low-carbon transformation of industry. Taking new energy vehicles as an example, China Merchants Bank adheres to the business philosophy of the whole industry chain and continues to optimize and upgrade the "supply, production, sales and consumption" service plan of new energy vehicles. In the supply chain, the account rights pool provides a new online supply chain financing model for OEMs' suppliers, breaking down geographical silos, shortening business processes and improving financing efficiency through the "one bank-wide service" mechanism; in the production process, the cashier is used as an intelligent collection solution for automobile sales to realize omni-channel acquiring, intelligent reconciliation, multi-party account sharing and other functions; in the sales and consumption links, it provides all-weather and full-line "bicycle financing", tripartite supervision, intelligent cashier and other comprehensive services for the OEM agent sales model.
The third is to launch a characteristic product service system and create a product matrix of "five horizontal and seven vertical". "Five Horizontals" provides one-stop financial services around five scenarios: green financing, green asset operation, green investment, green retail and carbon finance. The "Seven Verticals" closely follow policies and market trends, and integrate scenario-based products into industry services, including the three "deep green" fields of "source-grid-load-storage", new energy vehicles, and rail transit, as well as the four low-carbon transformation industries of thermal power, steel, building materials, and agriculture to be covered by the PBOC's transition finance framework.
On the liability side, China Merchants Bank has created characteristic advantages and innovatively launched green deposit services, which not only meet the deposit needs of corporate customers and help enterprises achieve stable capital returns, but also help customers closely combine environmental protection, social responsibility practices and their own development, so as to better meet the huge green and low-carbon investment and financing needs brought about by the transformation of the real economy and improve their ESG performance.
Explore green operations and activities, and strive to be a pioneer in the energy conservation and carbon reduction industry
China Merchants Bank Chengdu Branch conducted a comprehensive inventory of all carbon emission sources in the past three years. At the same time, the bank also implements various emission reduction measures according to local conditions from the four dimensions of green office, green building, green travel and green procurement, and continues to deepen its efforts in the fields of information disclosure, carbon management system and social responsibility, so as to effectively promote the green transformation of its own operations, build the foundation of ecological civilization and take the road of green development together.
In addition, this year, China Merchants Bank Chengdu Branch, together with Shiyang Street Office of Chengdu High-tech Zone, Jinhui Community of Shiyang Street of Chengdu High-tech Zone, and Hejing Youfang (Chengdu), jointly held the "Zhaohuan" Value and Oxygen Bazaar Green Theme Public Welfare Publicity Activity, aiming to promote low-carbon and environmental protection knowledge while showing Chengdu's fireworks in the form of a trunk bazaar, encourage people to actively participate in environmental protection actions, reduce the use of disposable plastic bags and other items, and call on the general public to pay attention to environmental protection issues. The event invited new energy vehicle brands Tesla and Gaohe Automobile to jointly promote and advocate green travel. The on-site activities started with the hotly discussed themes such as garbage classification, environmental protection bags, and green finance, including trunk bazaars, unplugged music festivals, carbon credit customs clearance, and DIY of small meow environmental protection plastic bags. This green and low-carbon activity is a useful attempt for China Merchants Bank Chengdu Branch to practice the concept of green finance development and build a "value bank".
At the same time, China Merchants Bank Chengdu Branch carried out the "low-carbon and environmentally friendly travel, green and civilized life" initiative on Chengdu Metro Line 1, advocating the general public to participate in the creation of a better home.
Practicing the concept of green finance is a practical action made by China Merchants Bank Chengdu Branch focusing on the strategy of "value bank". To do a good value bank, it is necessary to take into account the creation of multiple values, not only to create value for shareholders, but also to create value for customers, employees, partners and society. In the future, China Merchants Bank Chengdu Branch will continue to be a pioneer in "green operation" and "green finance", demonstrate the responsibility and responsibility of China Merchants Bank in the face of challenges such as global climate and environmental degradation and shortage of natural resources, and contribute to the exclusive strength of China Merchants Bank Chengdu Branch.
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