The reporter learned on May 19 that Citigroup and Bank Of China Limited(601988) recently jointly held an online summit focusing on China’s environmental, social and Governance (ESG) development. Including Chinese financial institutions, leading Chinese enterprises and multinational enterprises operating in China to jointly discuss cooperation opportunities conducive to promoting the “double carbon” goal.
Jane Fraser, chief executive of Citigroup, said: “Finance plays a vital role in the sustainable development of the global economy and the process of low-carbon transformation. At the same time, we should also consider and balance the relationship between economic development, social development and environmental protection. At present, Citigroup has integrated ESG considerations into our global product and service lines, as well as our relationship with customers and communities. ESG has become the core element of our business.”
Bank Of China Limited(601988) Chairman Liu Liange said that the financial industry bears the mission and responsibility in supporting the development of green industry, helping low-carbon transformation and promoting sustainable development, and has great potential. Financing support is a key link in promoting low-carbon development. Financial innovation will provide an inexhaustible driving force for global sustainable development with scientific and technological innovation as the main driving force. The financial industry can play an active role in international cooperation to improve ESG governance rules Bank Of China Limited(601988) look forward to working with Citigroup to jointly promote the continuous optimization and improvement of global ESG governance in the future.
China is one of the key markets of Citigroup and one of the most booming markets of ESG in the world. As China accelerates towards the goal of “double carbon”, the demand of enterprise customers for Citigroup’s ESG services is increasing. In order to meet the needs of customers, Citigroup has successively launched ESG related products in the global market, including the recent sustainable supply chain financial services for a German enterprise in the Chinese market.
