Under the “double carbon” goal, green finance plays an important role in promoting green economic transformation. 2021 is a new year for the construction of Postal Savings Bank Of China Co.Ltd(601658) green bank. In the past year, Postal Savings Bank Of China Co.Ltd(601658) Beijing Branch has earnestly implemented the key points of the construction of green post in 2021, firmly established the concept of green development and strengthened the construction of green bank.
For example, on July 12, 2021, Postal Savings Bank Of China Co.Ltd(601658) Beijing Branch successfully independently underwritten and landed the first “carbon neutral” inter-bank debt financing instrument for state-owned enterprises in Beijing. Meanwhile, the coupon rate of the bond was as low as 2.98%.
As a form of direct financing, green bond can reduce the transaction cost of indirect financing such as obtaining credit through banks. It is reported that Postal Savings Bank Of China Co.Ltd(601658) Beijing Branch is the financial institution with the earliest involvement and the greatest support for the green project. The “carbon neutralization” medium ticket underwriting business in this period is the in-depth practice of the bank in actively practicing the concept of green financial development.
This business is the first phase of green medium-term notes (carbon neutral bonds) of Beijing Energy Group Co., Ltd. in 2021, with a total issuance scale of 1 billion yuan and a term of 2 years. The funds raised by the bonds are specially used for the construction of wind power generation and photovoltaic power generation projects and the repayment of loans from early-stage financial institutions. According to the evaluation and certification report, the annual carbon dioxide emission reduction of the fund-raising project corresponding to the raised funds in this period is expected to be 334900 tons, the standard coal saving is 124100 tons, the sulfur dioxide emission reduction is 75.73 tons, the nitrogen oxide emission reduction is 78.97 tons, and the soot emission reduction is 15.39 tons.
According to the relevant person in charge of Postal Savings Bank Of China Co.Ltd(601658) Beijing Branch, the bank has always followed the policy trends related to “carbon peak” and “carbon neutralization”. After learning that Beijing Energy Group Co., Ltd. has the demand for green projects, the bank maintained smooth communication with issuers, regulators and intermediaries to promote the formation and reporting of projects. Finally, with the strong support of Postal Savings Bank Of China Co.Ltd(601658) head office, The implementation of the project will further boost the green development of the capital.
Not only the above-mentioned “carbon neutral” bonds, in order to better support the green development of the capital, Postal Savings Bank Of China Co.Ltd(601658) Beijing Branch has always adhered to its strategic positioning, gave full play to its capital advantages and network advantages, innovated and promoted a variety of green financial products around the fields related to green environmental protection, and continued to make a number of “first order” green financial innovative products in the market in 2021.
Postal Savings Bank Of China Co.Ltd(601658) Beijing Branch’s relevant person in charge introduced that the bank will further increase product innovation and support green development in the future. “We will continue to actively explore green financial products such as water conservancy loans, water loans, waste disposal loans, photovoltaic loans, heating loans and green bonds, increase research and visits to green environmental protection industries and related enterprises, and support the development of green industries such as environmental protection in combination with the actual financing needs of enterprises and our products.”
