Recently, the 2024 Banking Wealth Management Forum, themed "Adapting to a Low-Interest Rate Environment and Strategizing for High-Quality Development," was held in Beijing by the China Securities Journal. China's Industrial Bank (CIB) was honored with the "Golden Bull Award for Green Finance" in recognition of its outstanding contributions to the field of green finance.
As a systemically important bank in China, CIB actively implements the central government's decisions on Beautiful China construction and the comprehensive green transformation of economic and social development, making significant strides in the great project of green finance. Focusing on key areas of Beautiful China construction and guided by the concept of "green + industry" integration, the bank continues to support the development of green and low-carbon industries, actively serving sectors such as clean and renewable energy, water resource protection and utilization, and solid waste management, fostering the growth of emerging industries and facilitating the green transformation of traditional industries. As of the end of November 2024, CIB's green financing balance reached RMB 2.17 trillion, including RMB 475.7 billion in pollution reduction and over RMB 1.2 trillion in carbon reduction. These loans support green projects that contribute to the annual savings of 24.48 million tons of carbon dioxide emissions and 10.53 million tons of water, delivering significant economic, environmental, and social benefits.
Focusing on the evolving financing needs of green industries, CIB has continuously optimized and upgraded its product system, forming a three-tiered green financial product and service framework of "diversified group products + specialized carbon peaking and carbon neutrality service products + key industry solutions." The bank has also advanced the application of carbon footprints in product innovation and leverages its corporate carbon account system to provide comprehensive solutions such as carbon consulting and carbon accounting, offering both financial and non-financial services to support enterprises in their green and low-carbon transformation.
The Gold Bull Award series, organized by China Securities Journal, is one of the most credible and influential awards in China's capital market and is widely recognized by professionals in banking, wealth management, fund management, and securities industries.