On June 29, in response to the pledge of the CPC Central Committee and the State Council to peak emissions by 2030 and to achieve carbon neutrality by 2060 and in accordance with the requirements of the People's Bank of China on environmental information disclosure of financial institutions, the Green Finance Regulations of Shenzhen Special Economic Zone as well as the TCFD recommendations on climate-related financial disclosures, China Development Bank Financial Leasing Co., Ltd. (CDB Leasing) released its first Environmental Information Disclosure Report, which truthfully discloses its actions and achievements in addressing climate change and serving the country's green development strategy. This is also the first environmental information disclosure report of a publicly traded leasing company.
The report details CDB Leasing's objectives, governance structure, policies, systems and innovations related to green finance, environmental risks and opportunities, and the environmental impact of its business, financial, and investment activities and accounts for greenhouse gas emissions from its own business activities as well as the environmental benefits of its green lease projects.
Sustainability has always been one of CDB Leasing's core values, and green and low-carbon finance has been incorporated into the company's long-term plan for the years 2021–2025. In 2021, we aggressively expanded our green leasing business, invested RMB 38.5 billion in green technology, developed innovative green leasing products like distributed photovoltaic systems, and becoming the first Chinese financial institution to secure a green loan from Standard Chartered China. As of the end of 2021, the balance the Company's green leases stood at RMB 19.717 billion, spread across 111 green projects. These projects help reduced CO2 emissions by 3 million tons annually.
According to the report, as a socially responsible company, CDB Leasing will continue to aid China in fulfilling its pledge to peak emissions by 2030 and to achieve carbon neutrality by 2060. It will embrace green innovation its operations and grow its green leasing business in sectors like eco-friendly ships, energy-efficient aircrafts, wind and solar power, new energy mobility, energy conservation, and environmental protection. It will help Shenzhen make the transition to a greener economy and strengthen the city's position in the Guangdong-Hong Kong-Macao Greater Bay Area as well as its status as a pioneer in the reform and opening-up.
Please scan the QR code below to view the view the complete report.
