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Lenders give carbon finance innovation lift By JIANG XUEQING | China Daily | Updated: 2021-06-30 08:03 Share
Structured green deposits, special bonds all the rage as emissions trading nears
The imminent launch of a national carbon emissions trading scheme has prompted banks in China to strengthen innovation of certain financial products related to the theme of carbon neutrality.
Lenders have been doing that since the beginning of this year. For instance, HSBC China launched green deposits for its corporate clients in the Chinese mainland last week.
HSBC China s clients now have an opportunity to fulfill their sustainability goals by investing their surplus cash in environmentally friendly projects in sectors like renewable energy, sustainable waste management, energy efficiency and clean transportation.
From:ChinaDaily | 2021-06-30 08:03
Structured green deposits, special bonds all the rage as emissions trading nears
The imminent launch of a national carbon emissions trading scheme has prompted banks in China to strengthen innovation of certain financial products related to the theme of carbon neutrality.
Lenders have been doing that since the beginning of this year. For instance, HSBC China launched green deposits for its corporate clients in the Chinese mainland last week.
HSBC China s clients now have an opportunity to fulfill their sustainability goals by investing their surplus cash in environmentally friendly projects in sectors like renewable energy, sustainable waste management, energy efficiency and clean transportation.
Jun 29 2021
FNArena s dedicated ESG Focus news section zooms in on matters Environmental, Social & Governance (ESG) that are increasingly guiding investors preferences and decisions globally. For more news updates, past and future:
Sustainability finance to take off in 2021
ESG finance is forecast to become a part of a business s licence to operate, transforming the world – and 2021/2022 is the pegged as the year of take-off.
– Prepare for the big boom – EU leads the charge
– ESG finance to become part of the licence to operate
– The concept of blended finance
– Beginners guide to ESG finance
By Sarah Mills
The ESG bond market has boomed in past five years (more than US$1.7trn ESG bonds are now on issue) and is expected to experience another sharp surge in demand as the green transition gets underway in 2022.
Green finance grows across the region
published : 28 Jun 2021 at 04:30
Many companies and their leaders are increasing their focus on environmental, sustainability and governance (ESG) principles and taking steps to ensure such practices are embedded in the way they conduct business.
There are many reasons for this beyond the simple responsibility to act as a good corporate citizen. Businesses are also responding to growing pressure coming from customers, investors, regulators, employees, governments and other stakeholders.
Banks and financial institutions have an important part to play in hard-wiring ESG principles into their operations by being responsible lenders, expanding financial inclusion and helping customers and their supply chain meet agreed standards, as well as financing environmentally sustainable businesses.