News from people.cn Xiamen on July 13 (Zhang Meng) July 12 is the “National Low-carbon Day”. On this day, Xiamen Property Rights Transaction Center awarded CCB Administrative Service Center Sub-branch the city’s first certificate of “Zero Carbon Financial Outlet”. It is reported that the sub-branch has installed photovoltaic facilities with a power of 48 kilowatts in its idle space on the roof, and has successfully connected the facilities to the grid for electricity generation. The average monthly power generation amount is expected to reach 5,800 kWh, which can meet electricity demand for daily office work of the outlet and achieve zero-carbon emissions from the operation of the financial outlet.

CCB Xiamen Branch interpreted the 2022 Environmental Information Disclosure Report at the event, the first environmental information disclosure report issued by a financial institution in Xiamen. The service staff introduced that CCB Xiamen Branch strictly implemented the principles and requirements of the People’s Bank of China’s Guidelines on Environmental Information Disclosure for Financial Institutions, and invited authoritative third-party professional organizations in China to provide guidance. Using the method of combining qualitative analysis and quantitative assessment, the report has been written in depth and comprehensively, giving an all-round and multi-level display of the Branch’s 2022 green finance business development and related results of low-carbon operations.

It is understood that in recent years, CCB Xiamen Branch has adhered to green development philosophy, and has taken multiple measures to promote green development and transformation. Efforts have been made to achieve the following “three effects”. The first is the “head goose effect” in credit extension. The Branch’s green loans increased by more than RMB10 billion in 2022, with a balance of over RMB20 billion. The second is the “synergy effect” in product innovation. The Branch has adopted a targeted approach to promote the development of green finance business through service modes such as “green + new investment banking”, “green + new manufacturing”, “green + supply chain”, “green + carbon emission reduction”, and provided financing services to many enterprises and projects with good social and economic benefit. As the joint lead underwriter, the Branch issued China’s first green Panda bonds for private enterprises, has promoted first financial leasing services for green rail transit to take place in Fujian Province and has taken other measures to continuously enrich green financial products. The third is the “demonstration effect” in green operations. The Branch has formulated targets for carbon footprint management and has explored energy saving potential. Meanwhile, it has actively advanced construction of low-carbon outlets, has promoted paperless and automated offices, and has called on employees to practice green and low-carbon concepts in daily work and life to facilitate green transformation of its own operations.

Remarkably, in 2022 CCB Xiamen Branch became the city’s first “carbon neutrality” bank and coordinated with relevant departments to launch the “carbon sink purchase of 10,000 households” activities, with the transaction amount transferred to village collective account. Thus, green production factors have been revitalized through carbon sink trade, letting green development philosophy go into thousands of households and helping rural revitalization blossom and bear fruit.

CCB Xiamen Branch’s responsible person said that in the future the Branch would take the opportunity of Xiamen’s bid to create a national pilot zone for green finance reform and innovation to continuously improve the institutional mechanism of green finance, and constantly enhance green ground color and fineness of New Finance actions to contribute more to Xiamen’s green development.