Harmonious Coexistence with the City, Shanghai Bank Appears at the First Carbon Expo: Green Finance Empowers High Quality Development and Inclusive | Green | High Quality
On June 12th, at the eye-catching "Shanghai International Carbon Neutrality Technology, Products and Achievements Exhibition", Shanghai Bank, as a local corporate bank, took frequent actions: establishing a "Green Finance Laboratory", launching Shanghai's first green inclusive guarantee loan, releasing an annual environmental information disclosure report, and holding a ceremony for the donation and listing of "Green Tree City Bank" employee public welfare forests
Behind its frequent appearances and highlights at the Carbon Expo, Shanghai Bank's ambitious goal of making green finance a strategic transformation and achieving high-quality sustainable development is highlighted. Under the guidance of the national green finance development guidelines and the "30 ∙ 60" dual carbon goals, Shanghai Bank has elevated green finance to a strategic level, continuously polishing the background of the "Green Tree City Bank" green finance brand, and making synchronous efforts in business expansion and self operation to create a boutique bank with distinct green characteristics.
Green inclusive guaranteed loans connect the "last mile" of carbon asset realization
At the Carbon Expo event, Shanghai Bank, together with the Municipal Financing Guarantee Center and Shenneng Carbon Technology Company, launched the first green inclusive guarantee loan in Shanghai. Fujia Chemical, Hailong Saineng, and Audifi Environment, as the first batch of customers, jointly signed intention cooperation agreements with Shanghai Bank, Municipal Financing Guarantee Center, and Shenneng Carbon Technology Co., Ltd.
Green inclusive guaranteed loans are aimed at small and medium-sized enterprises and carbon asset holding enterprises in the field of green and low-carbon industries in Shanghai, providing a convenient and efficient inclusive financing channel for these enterprises. Shanghai Bank and Shenneng Carbon Technology Co., Ltd. will jointly assist small and medium-sized enterprises in establishing carbon asset management capabilities. This loan is supported by policy guarantee resources, providing credit enhancement for carbon asset holders and safeguarding the rights and interests of financial institutions, greatly improving the liquidity of carbon assets, bridging the "last mile" of carbon asset development, circulation, and realization, and providing a new approach to empowering green and inclusive small and medium-sized enterprises.
In addition, Shanghai Bank will continue to strengthen cooperation with Shenneng Carbon Technology in the field of green and low-carbon, fully leverage the role of professional carbon asset management, provide full lifecycle management of carbon asset collateral for financing parties, assist in reducing financing costs for energy-saving and emission reducing enterprises, promote green transformation and high-quality development of industrial enterprises, and help achieve the "dual carbon" goals.
"Green Finance Laboratory" Helps Industry Move Forward with Green Development
The Green Finance Laboratory was jointly established by Shanghai Bank, Shanghai Energy Conservation Association, and Shanghai Energy Efficiency Center under the guidance of the Shanghai Municipal Commission of Economy and Information Technology. The three parties will actively serve the "dual carbon" strategic goals through the cooperation platform of the laboratory, focusing on the construction of a "3+6" new industrial system and the "six modernizations" trend of industrial development in Shanghai, and using green finance to promote the layout of Shanghai's "new track and new momentum".
In terms of specific work promotion, the three parties will focus on growth oriented and innovative enterprises in the green and low-carbon field, such as green new materials, clean energy, new energy vehicles, hydrogen energy, energy storage, residual energy utilization, and carbon management. They will develop standardized templates and customized services, jointly study the core technologies and carbon reduction situation of the target enterprise, make decisions and implement accurate and efficient comprehensive green financial service plans, and accurately support the development of the green and low-carbon industry.
Collaboration between banks and enterprises to enhance carbon finance service capabilities
At the event, Shanghai Bank also signed a strategic cooperation agreement with the Shanghai Environment and Energy Exchange. Both sides will integrate financial resources and factor market platform resources, work together to explore the work path of green finance to support the response to climate change, actively expand cooperation in cutting-edge fields such as carbon finance and transitional finance, and help achieve the strategic goal of carbon peak. Through this signing, both parties will cooperate on the construction of a carbon inclusive system and explore the provision of carbon credits for enterprises and individuals in Shanghai.
Specifically, both parties will carry out carbon finance product innovation and provide comprehensive financial solutions for carbon assets for green and low-carbon industry enterprises; Carry out climate investment and financing cooperation, gradually incorporate climate change related risks into investment and financing project risk management by exploring climate and environmental information disclosure mechanisms; Explore transformational financial cooperation, and assist high carbon industry enterprises in achieving low-carbon transformation through topics such as establishing transformational financial standards, technology evaluation, improving carbon emission data quality, innovating business models, and dynamic risk assessment; Establish a green supply chain, jointly study the implementation path of carbon neutrality in the financial industry, and jointly carry out carbon footprint accounting research for green outlets, zero carbon outlets, and zero carbon parks.
Polish the "Green Tree City Silver" brand and create a boutique bank with a green background color
The overall design of the Shanghai Bank exhibition area at the Carbon Expo is quite innovative: using blue and green as the main tone, highlighting the visual image of Shanghai Bank with "blue", highlighting the strategy of boutique banks, and highlighting the theme of green and low-carbon activities with "green"; The top is inspired by the "sea" and conveys the meaning of embracing all rivers with a circular lighting effect, highlighting the pursuit of a boutique bank with a bright green background.
At the event site, Shanghai Bank also released the 2022 Environmental Information Disclosure Report. Since the release of the "Green Tree City Bank" green finance brand in November 2021, Shanghai Bank has been based on the national green development situation, seized the opportunity period of green industry development, and led by the "Green Tree City Bank" green finance brand, iteratively upgraded the "Green Finance+" product service system, forming four pillar product categories: "Green Benefiting Ten Thousand Enterprises", "Green Connected Business Investment", "Green Integrated Global", and "Green Enjoying Life". The bank continuously promotes product innovation, increases direct financing support for green fields such as clean energy, energy conservation and environmental protection, and provides one-stop and comprehensive green investment and financing services for customers and the industrial chain.
Data shows that as of the end of 2022, the balance of green loans of Bank of Shanghai was 65.37 billion yuan, with a growth rate of 116.38%. Among them, the balance of loans for the clean energy industry was 14.315 billion yuan, with a growth rate of 123.92%. The number of green loan customers increased by 148.05% compared to the previous year, and the non-performing loan ratio of green loans was 0.04%. In 2022, the bank achieved multiple market firsts in the field of green finance, issuing the country's first green new energy vehicle leasing asset-backed bill, the country's first county-level financial control platform green US dollar bond standby letter of credit enhancement business, and the first green bond for wind power equipment manufacturing enterprises in the Yangtze River Delta region.
While empowering the whole society with green finance to accelerate green transformation, Shanghai Bank is comprehensively promoting the construction of green banks around its own dual carbon goals, strengthening the four-wheel drive of green operation, green behavior, green procurement, and green value, building a green and low-carbon operating system, and exploring and practicing its own green and low-carbon development. At the site of the Carbon Expo, a donation and unveiling ceremony for the "Green Tree City Bank" employee public welfare forest of Shanghai Bank was also held: planting "green mountains and clear waters" at the Hunshandak Large scale Forest Farm in Inner Mongolia Autonomous Region, building a "sand barrier" for the Beijing Tianjin Hebei region, contributing to social carbon reduction, and practicing the social responsibility of state-owned enterprise employees.
On the road to achieving the dual carbon goal, Shanghai Bank will firmly fulfill its social responsibility, continue to rely on smarter finance and more professional services, and sprinkle the vibrant vitality of green in urban life, injecting the source of green energy into urban development.
