China Construction Bank's Green Development and Financial Services
“Green mountains are gold mountains,” said Xi Jinping, General Secretary of the Communist Party of China, in 2000. This concept emphasizes the relationship between economic development and environmental protection, highlighting that protecting the environment is essential for production and promoting high-quality development. It also provides a new path for achieving harmonious coexistence between development and environmental protection.
Innovative Financial Services to Support Green Transformation
In Zhejiang Province, China Construction Bank (CCB) has developed an ESG evaluation system based on the agricultural transformation financial standards. It has launched a characteristic service plan for green transformation finance in the agriculture sector, and issued the first batch of green loans in the province.
As the main operator of the regional agricultural industry, Huzhou South Village Rich People Development Group Co., Ltd. actively promotes green aquaculture projects through standardized pond renovation, industrialized circular water breeding, and aquatic tailwater circulation utilization. CCB Zhejiang Province Branch has innovatively combined project low-carbon transformation performance with sustainable development performance to provide a customized “carbon intensity + ESG” double-axis low-carbon transformation financial services plan.
“At present, our 'carbon intensity + ESG' dual-axis transformation loans have saved us nearly 300,000 yuan in financial costs. This has been a great motivation for reducing carbon emissions and achieving sustainable development.” A responsible person from Huzhou South Village Rich People Development Group said. “In the future, we will use our self-developed ESG system and combine it with third-party carbon performance evaluations to dynamically adjust loan interest rates.”
Pioneering Standard-setting and Creating Industry Examples
At CCB's headquarters in Shanghai, CCB has leveraged its home court advantage to play a leading role in standard-setting, taking responsibility and coordinating with the People's Bank of China Shanghai Branch and the Shanghai Municipal Financial Bureau to research and compile the “Directory of Green Finance for Water Transportation Industry.”
Recently, CCB Shanghai Branch successfully landed the first batch of methanol dual-fuel ship transformation loans nationwide, providing financial support to Zhonghai Shipping Group Co., Ltd. and its subsidiaries with a total financing amount of nearly 3 billion yuan. This loan will use the new ship design index for energy efficiency in the directory as a key indicator, supporting the construction of oil tankers that adopt methanol dual-fuel or READY power systems, integrating green technologies such as water-saving and intelligent control.
Financial Precision Help and Guardian High-Quality Green Development
Green is the foundation of CCB's development. In the field of financial support for rural revitalization, green finance remains a core concept.
CCB has identified Liangtan County as its priority area, which is renowned as the "City in the Sky." With its natural advantages in developing photovoltaic industries, Liangtan County has vast potential for green energy development. The project's technical responsible person introduced that the project's planning and construction will promote the development of Sichuan province's grid-connected solar power station and meet the electricity demand of Ganzi Prefecture, thereby driving local economic and social development.
Upon learning about the project's financing needs, CCB Sichuan Province Branch provided a 15 billion yuan loan to support the project. This loan is the first long-term (17-year) new energy project loan in the province, and the first pure credit-based solar power project financing in China. By 2025, CCB has already disbursed 67 million yuan in loan funds to the Sichuan New Energy Development Company, accelerating project construction.
Actively laying out green bond business, innovatively landing carbon emissions rights-backed businesses, and continuously improving the proportion of green leasing... CCB will continue to strengthen its green finance services system, drive new achievements in green finance, and contribute financial forces to economic and social green transformation.