【Green Finance/Sustainable Finance】ICBC Again Wins “Best Bank for Sustainable Finance, China” of The Asset

In recent days, the Hong Kong magazine The Asset released the results of "The Asset Triple A Country Awards for Sustainable Finance 2024". ICBC won "Best Bank for Sustainable Finance, China" again.

ICBC has actively promoted green finance and sustainable finance and led the industry in terms of both balance and increment of green loans. At the end of 2023, ICBC's balance of green loans under the criteria of the National Financial Regulatory Administration (NFRA) exceeded RMB5 trillion. The product and service "toolkit" was further enriched. In recent years, ICBC has issued a total of RMB80 billion of green bonds and underwritten more than RMB100 billion of green bonds as the lead underwriter. ICBC's green finance supply, including green wealth management, leasing, fund, insurance, notes, etc., has become more diversified. ICBC has steadily advanced the work of carbon peak and carbon neutrality, actively carried out carbon accounting for investment and financing and management of its own carbon footprints, and achieved positive results in green and low-carbon transition. Moreover, the Bank has continued to improve ESG risk management level, strengthened full-process digital management, creatively implemented the world-leading eco-protection redline risk control map system, and explored the construction of a climate disaster risk warning management system, therefore further enriching risk control means and scope. The influence of the "ICBC Green Bank+" brand has continued to expand. ICBC's green finance themed documentary was broadcasted on CCTV. Its MSCI ESG Rating rose from A to AA, becoming the first domestic listed bank to obtain AA rating.

This is the most heavyweight award in the fields of green finance and sustainable finance granted by The Asset to a Chinese bank. It mainly focused on financial institutions that made pioneering contributions to sustainable finance in 2023.