Industrial Bank : Won the “Green Award”, Granting Green Financing Loans over RMB 770 Billion

Good news kept pouring in at the end of the year - On December 22, Industrial Bank (IB) won the 'Green Award' at the China CSR Commonweal Ceremony and the 8th China CSR Summit 2015' held by Xinhuanet.com in collaboration with Research Center for Corporate Social Responsibility of the Economics Division of Chinese Academy of Social Sciences, China Enterprise Reform and Development Society, and China Siyuan Foundation for Poverty Alleviation.

As the leading enterprise of green finance in China, IB really deserved the award. From releasing the first energy conservation and emission reduction loan in China in collaboration with International Finance Corporation (IFC) in 2006 to becoming the first Equator Bank in China to promise to the public to adopt the Equator Principles in 2008, IB has, over these years, elevated the sustainable development concept to the level of corporate governance, innovatively put forward the philosophy to perform corporate social responsibility through 'obtaining reasonable profits while bringing benefits to the stakeholders', and made the concept and philosophy penetrate into all links of business management and development.

Green finance is also a full embodiment for social responsibility practice philosophy of IB, namely to perform social responsibility of the bank in the process of providing products and services so as to achieve the commercial interests and social environment benefits in a harmonious way. With practice and exploration over ten years, IB has safely taken the leading position in the field of green finance. Boasting the largest professional team of green finance consisting of about 200 members, IB has become the 'green bank' with the broadest green finance product family and the most diversified products at home, with its green financial products and services covering three areas, i.e. low-carbon economy, recycling economy, and ecological economy. While gradually opening a road of sustainable development from 'green' to 'gold', the bank also made active contribution to the transformation and development of green economy in China.

By the end of October 2015, IB has accumulatively provided nearly 6,000 enterprises with green finance based financing totaling RMB 770.7 billion, with a balance of RMB 376.9 billion. According to estimation, the projects supported with such funds can help save 25.54 million tons of coal equivalents each year, reduce 71.62 million tons of carbon dioxide and 1.39 million tons of chemical oxygen demand (COD), utilize 17.27 million tons of solid wastes in an integrated manner, and save 285.65 million tons of water.

With the accelerated progress in integrated and group-based business development, IB even elevated the business of green finance to the group level in 2015, listing it as one of the seven core business clusters of the group, achieving the metamorphosis from a 'green bank' to a 'green finance group'. It is learnt that now the bank has established a special promotion group of environment finance at the group level, building a group linking mechanism covering team system, performance measurement, resource allocation and product development to intensify the interaction of products and services between the parent company and subsidiaries. Take the financing tools as an example. Besides making use of the conventional credit tools in a reasonable manner, IB has brought into play its multi-license business advantages to boost the green development of enterprises, resorting to a variety of financing products such as lease, trust and debt financing tools. Of the bank's current financing balance for green finance, that offered by non-credit ways such as lease and trust accounts for nearly 50%.

IB is full of confidence in the development in the area of green finance in the future. The bank, as it indicates, will strive for making the financing balance registered with the business of environment finance at the group level hit RMB 1 trillion or more and the number of environment finance customers (projects) to whom the group offers service 10,000 or more five years later. Meanwhile, it will continue bringing into play its group-based business advantages, accelerate the innovation in and implementation of specialized products and services based on the features of energy-saving and environment-friendly industries and corresponding financing needs, and actively build a group-based green product and service system with a complete variety and rich categories covering green financing, green leasing, green trust, and green fund, to lend full support to making the dream of 'Beautiful China' come true.

Industrial Bank Co. Ltd. issued this content on 2015-12-24 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-11 12:33:22 UTC

Original Document: http://www.cib.com.cn/en/About_IB/whatxs_new/20160111_1.html