HONG KONG, Dec. 17, 2020 /PRNewswire/ — Haitong Intercontinental Securities Group Constrained (“Haitong International”, Inventory Code: 665.HK) recently printed its 1st Haitong Global ESG (Environmental, Social and Governance) Statement, pledging to realize Carbon Neutrality by the finish of 2025 with ESG tactics applied to promote Power Conservation and Sustainable Finance. This is the 1st publicized dedication for Carbon Neutrality in Hong Kong monetary circle, 25 years in advance of the city’s concentrate on.
Dr. Lin Yong, JP, Deputy Chairman and CEO of Haitong International, mentioned: “Haitong Worldwide is committed to furnishing thorough expert financial solutions for its clients around the entire world, and at the exact time strives to put into practice ESG rules throughout all spots of its operations. In the potential, Haitong Worldwide will continue on to create favourable environmental and social values by means of each individual of its businesses and conclusions. Capitalizing on our one of a kind funds middleman role in expenditure, funding, consultancy, exploration and brokerage, Haitong Global is able of bringing ‘Impact Investment’ into enjoy and strives to develop into a world’s leading financial commitment bank with a very clear focus on sustainable finance, contributing to Hong Kong’s place as a global ESG expense hub in Asia.”
In accordance to the Assertion, Haitong Intercontinental will little by little reduce down on its carbon emissions via minimizing power use and employing renewable power. Carbon credits will be ordered to offset any remaining carbon emissions to reach Internet Zero Carbon Emissions, i.e. Carbon Neutrality by the end of 2025.
Haitong Global will also advocate the “Reduce, Reuse, Recycle” thought in the course of the Group, and aims to electricity its operations with 100% renewable vitality and decrease its once-a-year paper use and waste technology for every capita by at the very least 30% by the stop of 2025 (when compared to the finish of 2020). The Team encourages replacing higher carbon-emitting company routines this sort of as enterprise excursions and bulk printing with alternate options. The Group will keep monitor of its greenhouse gasoline emission metrics in line with the ISO 14064 common and disclose the details in its annual ESG report.
In assist of Sustainable Finance, Haitong Global aims to deploy or offer USD20 billion in ESG and sustainable financing and financial investment by the stop of 2025. To achieve this, Haitong Worldwide will establish a firm-large incentive program to encourage its employees to dedicate attempts towards eco-friendly financing and sustainable businesses these types of as eco-friendly bonds and ESG-themed goods.
Haitong Intercontinental will also contain ESG risk evaluation in its investment determination-making approach, and steadily transform away from greatly polluting and power-squandering company financing and investment functions. It will proactively assistance the growth of renewable and cleanse energy, environmental safety and environmentally friendly industries.
In addition, Haitong Global has set up the ESG Committee and ESG Govt Place of work under the Group’s Executive Committee, dependable for controlling the Group’s ESG initiatives and directing the implementation of the earlier mentioned ESG tactics throughout the Group’s international operations.
In Oct 2020, Haitong Worldwide introduced the Haitong MSCI China A ESG ETF (Ticker: 3031.HK), which is at present the only ETF in Hong Kong providing broad ESG expenditure publicity on China A-shares. As of 1 December 2020, Haitong Worldwide has underwritten 13 green bond issuances, amounting to a overall of more than USD3.2 billion. In the ECM place, Haitong Intercontinental has participated in eco-friendly jobs together with China Evergrande New Strength Vehicle’s fairness placement and the IPO of Beijing Enterprises Urban Resources in Hong Kong this 12 months.
Source Haitong Intercontinental