In 2022, IB formulated the Opinions of the Industrial Bank on Promoting the Group’s Comprehensive Green Transition to continuously promote the development of the Group’s green finance. During a period of time in the future (see the Bank’s Sustainable Development Goals for details), it plans to better leverage the Group’s comprehensive operation advantages, consolidate and enhance the Bank’s professional advantages in the green finance field, so as to achieve the goal of the Group’s comprehensive green transition, which pays equal attention to quantity and quality, balance and coordinate the development of green finance both on-balance sheet and off-balance sheet, and between branches and subsidiaries, aiming to create a “Green Bank Group”.
To strengthen the management of comprehensive green finance, IB followed the Group’s strategy of comprehensive green transition. In 2022, based on the defined standards of the People’s Bank of China and China Banking and Insurance Regulatory Commission regarding green credit, green bond and green financing, and in combination with relevant international standards such as the Common Ground Taxonomy of Sustainable Finance and its research findings, IB issued the Standards of the Industrial Bank on the Attribute Identification of Green Finance (2022), which added identification standards for such sectors as blue finance, climate-related investment and financing, and biodiversity protection. By the end of 2022, IB’s financing balance of on-balance sheet and off-balance sheet of green finance was RMB 1,629.76 billion, with an increase of RMB 243.057 billion (17.53%) over the end of the previous year. IB has the scale of RMB 129.473 billion green investment banking business; the balance of non-financial enterprise green bond investment was RMB 33.156 billion; and the balance of green supply chain finance was RMB 40.448 billion, covering 95 green exclusive industries. In addition, the balance of green leasing business and the scale of green trust were RMB 58.1 billion and RMB 19.5 billion respectively, and its total issuance of ESG-related and green wealth management products for the year was RMB 95.7 billion.
At the same time, relying on its own resources and advantages in green finance business, IB has participated in green finance and other related exchange activities in various forms, actively expanded the friends circle of green finance, carried out exchanges and cooperation, shared and exchanged green finance development experience with financial peers, and jointly promoted green finance innovation and development in China.