Digital finance is a low-carbon and green way of providing financial services. Carbon emissions were reduced by more than 1.45 million tons, reducing customer travel by nearly 15.5 billion kilometers and reducing paper consumption by more than 2.6 billion ......On December 5, 2023, under the guidance of the Sichuan Branch of the People's Bank of China, Xinwang Bank released its third environmental information disclosure report, and a set of latest environmental impact data "jumped on paper".
According to the report, Xinwang Bank continued to implement the dual carbon strategy in 2022, further introduced the concept of sustainable development, actively promoted the construction of "climate-friendly banks" and "women-friendly banks", and achieved new results in green development. As of the end of 2022, Xinwang Bank has achieved a cumulative carbon emission reduction of more than 1.45 million tons relying on the application of digital technology, of which more than 330,000 tons in 2022, reducing customer travel by nearly 3.6 billion kilometers, equivalent to a carbon emission reduction of about 330,000 tonsReducing paper consumption by 600 million sheets is equivalent to reducing carbon emissions by more than 10,000 tons.
Digital technology drives low-carbon development and builds "climate-friendly" banks
As a digital bank, Xinwang Bank adheres to the principle of "technology-based banking". Since its establishment, the bank has developed and applied for more than 510 patents, including a large number of technology patents that are conducive to energy conservation and consumption reduction, and has developed and implemented more than 30 cost reduction and efficiency improvement projects based on these technologies, and the 10 projects with the most significant emission reduction effect have a reduction rate of about 95%.
Xinwang Bank has stepped up the innovation and promotion of green financial products, focusing on supporting energy conservation and environmental protection industries and green and low-carbon consumption. According to the report, in 2022, the bank's green credit balance increased by more than 36% year-on-year. The bank has provided new energy vehicle loan support to more than 7,000 customers, and the carbon emission reduction of new energy vehicle loans has been nearly 2,100 tons.
The report pointed out that Xinwang Bank has carried out the second round of climate-friendly performance self-evaluation according to the climate-friendly performance evaluation standards of banking financial institutions. The evaluation system consists of a total of 47 secondary indicators in four dimensions: climate corporate governance, climate risk management, climate investment and financing business, and carbon footprint management, and Xinwang Bank has covered 42 indicators, reaching 8936%。
Finance helps "her" power grow and build a "woman-friendly" bank
Xinwang Bank focuses on inclusive finance, solves the economic feasibility and technical feasibility of financial services for inclusive customers through technical means, and improves the availability of inclusive financial services. Xinwang Bank attaches great importance to female customers, pays attention to the unique role of female customers in green and low-carbon development, pays attention to increasing assistance to female entrepreneurs, and provides more convenient and flexible financial services. Through optimized design and flexible repayment plans, Xinwang Bank provides strong financial support to female customers and helps them solve financing problems. By the end of 2022, Xinwang Bank had issued nearly 80 million online loans to female customers, amounting to more than 230 billion yuan, reducing carbon emissions by more than 200,000 tons.
In 2023, Xinwang Bank will also introduce the concept of "gender x climate", and under the guidance of the People's Bank of China and local financial bureaus, it will actively cooperate with the World Bank Group, the International Finance Corporation and other institutions to launch the "Chengdu Pilot Project for the Coordinated Development of Green and Inclusive Finance", focusing on small and micro enterprises and green finance, and providing special support for women entrepreneurs and entrepreneurs. Xinwang Bank plans to provide no less than 1 billion yuan of credit funds to support 50,000 women to start their own businesses. The joint project will provide opportunities for women entrepreneurs to realize their self-worth and open up new avenues for economic growth.
ESG conceptComprehensiveIn-depth implementation and sustainable developmentworkDepthPropulsion
Since 2021, Xinwang Bank has released three consecutive environmental information disclosure reports, fully disclosing the environmental impact information and related work results since its establishment, and taking the lead in completing the comprehensive offset and neutralization of carbon emissions from historical business activities, becoming the first carbon-neutral bank in China. At the same time, Xinwang Bank released its first environmental, social and corporate governance report at the end of April 2022, becoming the first private bank in China to officially disclose its ESG report.
Xinwang Bank has also taken "permanent carbon neutrality" as an important task and goal of sustainable development, and has established a sustainable development information disclosure system. At the same time, Xinwang Bank has also made continuous efforts in terms of strategic layout, governance mechanism and implementation measures, actively explored innovative financial products and services, promoted high-quality development and deep integration of green finance, and made greater contributions to the implementation of green finance, the implementation of the dual carbon strategy and the promotion of sustainable development.
Editor: Feng Lei.