Bank of Shanghai: Injecting “green” development momentum into “new productive forces”

On June 6, at the second "Shanghai International Carbon Expo", the Bank of Shanghai held the "Green Tree City Bank" special event, renovated and upgraded the "green finance" service plan, and actively empowered "wind solar hydrogen storage" with professional services "Green enterprise in the field. In addition, the Bank of Shanghai also signed a cooperation agreement with Shanghai Electric Group around serving the new energy industry chain, and signed a cooperation agreement with Shanghai Jinqiao Lingang around the "Green Park", and released the "2023 Environmental Information Disclosure Report" to serve as a "new quality productivity" Inject a steady stream of kinetic energy into development.

At the event, Bank of Shanghai launched version 3.0 of the "Green Finance" service plan.

Yu Minhua, Vice President of the Bank of Shanghai, said in his speech that taking the launch of version 3.0 of the "Green Finance" service plan as an opportunity, we will deeply integrate green finance with technology finance, inclusive finance, digital finance, park finance, and supply chain finance to better support green finance. The development of low-carbon industries and the green and low-carbon transformation of industry should actively implement the "five major articles" to help the development of new productivity.

The upgraded version 3.0 of the “Green Finance” service solution has several highlights:

In terms of "green + technology", focusing on the "top ten" tracks in the "five new" fields such as new technology, new processes, new materials, new equipment, and new energy, we provide a package of comprehensive financial service solutions for the "full life cycle of technology-based enterprises" , to help enterprises accelerate the realization of key technological breakthroughs and achievement transformation.

In terms of "green + inclusive", for small and medium-sized enterprises in the green and low-carbon field, policy-guaranteed resources are used as the fulcrum to provide convenient, efficient and inclusive financing channels.

In terms of "green + park", various financial tools are comprehensively used to provide park operators and park enterprises with customized green financial service solutions in the process of carbon control and reduction, and to serve the construction of green parks and zero-carbon parks.

In terms of "green + supply chain", explore the provision of "financial carbon assessment" services to core enterprises and their upstream suppliers to promote the overall green and low-carbon development of the industrial chain.

In terms of "green + digital", digital means are used to carry out corporate ESG evaluation, automatic identification of green credit, and automatic calculation of environmental benefits to improve the bank's internal management efficiency.

In 2021, Bank of Shanghai launched the "Green Tree City Bank" financial service brand, striving to create a "tree" of green finance. In the context of the "Five Major Articles" proposed by the Central Financial Work Conference, the Bank of Shanghai has comprehensively improved its service level and iteratively updated its service system based on the requirements of developing new productivity.

Representatives of outstanding companies in the field of "wind solar hydrogen storage" such as Envision Energy, Trina Solar, Shanghai JA Solar, Tangfeng Energy, Meike Bioenergy, and Yike Energy signed a cooperation agreement with the Bank of Shanghai to jointly witness the release of the plan.

At the event site, Bank of Shanghai and Shanghai Electric Group signed a cooperation agreement focusing on the development of the new energy industry chain.

Shanghai Electric Group is a world-renowned high-end equipment manufacturing enterprise. In recent years, the group has focused on the green and low-carbon development strategy to become a stronger, better and bigger equipment supplier; focusing on the new industrialization strategy, it has built a green and low-carbon supply chain system; focusing on the going-out strategy, it has provided high-quality services to jointly build the "Belt and Road".

Through this signing, Bank of Shanghai will provide Bank of Shanghai’s exclusive financial service solutions in the fields of new energy equipment, green supply chain financial services and cross-border financial services based on Shanghai Electric Group’s strategic layout. The two parties work together to deepen cooperation in smart energy and smart manufacturing sectors, and serve the group's reform and development with green finance.

At the event site, Bank of Shanghai and Jinqiao Lingang cooperated around the "green park" and signed a cooperation agreement.

In recent years, Jinqiao Lingang has taken the construction of a green and low-carbon city as an intrinsic requirement for high-quality development, focusing on industries with new productivity advantages. It has now formed a key industrial cluster led by artificial intelligence, automotive electronics, integrated circuits, and spatial information.

Through this cooperation, Bank of Shanghai will focus on the green manufacturing and high-end manufacturing development trends of park operators and park enterprises, combined with "green financial park finance", innovate products based on the characteristics and needs of the customer groups in the park, and form an exclusive service plan for Jinqiao Lingang , jointly build a green and intelligent park to promote the development of new productivity.

On the basis of business development, the Bank of Shanghai focuses on the sustainability of its own operations and actively promotes low-carbon transformation. As the only financial institution, it participated in the formulation of Shanghai's "Technical Specifications for the Creation and Evaluation of Zero-Carbon Parks" group standards. The Bank of Shanghai's Zhangjiang Park became the first batch of zero-carbon parks in Shanghai. The carbon park and cloud outlets were certified as carbon neutral by the Shanghai Environment Exchange, and the construction of the industry's carbon inclusive system was awarded the "ESG Best Practice Case for Listed Companies".

In addition, at the event site, the Bank of Shanghai officially released the "2023 Environmental Information Disclosure Report". The report comprehensively displays the Bank of Shanghai’s green financial business development and its own low-carbon operation and construction achievements in the past year, and quantitatively measures the environmental benefits of all green project loans.

It is worth mentioning that in this report, the Bank of Shanghai combined with international advanced methodologies such as the Carbon Accounting Financial Alliance, expanded the scope of carbon accounting to Scope 3, and completed the quantitative measurement of carbon emissions from investment and financing businesses in eight high-carbon emission industries. The improvement of carbon accounting methodology provides the "Shanghai Bank Solution".

In the future, the Bank of Shanghai will be based on the overall situation of national green development, actively serve the "double carbon" goal as always, continue to expand the scale of green loans, optimize the business structure, and make every effort to do a good job in green finance.