December 10, 2022

error page

Business is my step

Haitong Worldwide First Announces Internet Zero Carbon Emissions Concentrate on between all HK Economical Institutions

3 min read

HONG KONG, Dec. 17, 2020 /PRNewswire/ — Haitong International Securities Team Constrained (“Haitong Worldwide”, Inventory Code: 665.HK) just lately printed its 1st Haitong Worldwide ESG (Environmental, Social and Governance) Assertion, pledging to achieve Carbon Neutrality by the close of 2025 with ESG techniques executed to promote Electrical power Conservation and Sustainable Finance. This is the first publicized commitment for Carbon Neutrality in Hong Kong financial circle, 25 many years forward of the city’s target.

Dr. Lin Yong, JP, Deputy Chairman and CEO of Haitong International, mentioned: “Haitong Global is dedicated to supplying detailed experienced financial services for its customers about the planet, and at the exact same time strives to carry out ESG rules throughout all places of its functions. In the long term, Haitong Global will go on to make constructive environmental and social values via just about every of its businesses and decisions. Capitalizing on our distinctive cash intermediary purpose in expenditure, financing, consultancy, study and brokerage, Haitong Worldwide is capable of bringing ‘Impact Investment’ into engage in and strives to come to be a world’s leading investment decision bank with a crystal clear concentration on sustainable finance, contributing to Hong Kong’s posture as a global ESG expenditure hub in Asia.”

According to the Assertion, Haitong International will progressively reduce down on its carbon emissions via lowering vitality usage and employing renewable power. Carbon credits will be purchased to offset any remaining carbon emissions to obtain Web Zero Carbon Emissions, i.e. Carbon Neutrality by the end of 2025.

Haitong Worldwide will also advocate the “Lessen, Reuse, Recycle” notion in the course of the Team, and aims to electric power its functions with 100% renewable strength and lessen its once-a-year paper use and squander generation for every capita by at the very least 30% by the stop of 2025 (compared to the conclusion of 2020). The Group encourages changing superior carbon-emitting small business pursuits these types of as company excursions and bulk printing with alternate options. The Team will keep keep track of of its greenhouse gasoline emission metrics in line with the ISO 14064 typical and disclose the info in its yearly ESG report.

In support of Sustainable Finance, Haitong Intercontinental aims to deploy or give USD20 billion in ESG and sustainable financing and expense by the finish of 2025. To obtain this, Haitong International will create a agency-large incentive system to really encourage its staff members to dedicate initiatives toward eco-friendly funding and sustainable corporations these kinds of as environmentally friendly bonds and ESG-themed products and solutions.

Haitong Intercontinental will also include ESG chance assessment in its investment final decision-earning process, and steadily transform away from intensely polluting and strength-wasting corporate funding and financial investment routines. It will proactively aid the growth of renewable and clear power, environmental safety and eco-friendly industries.

In addition, Haitong International has set up the ESG Committee and ESG Government Office beneath the Group’s Govt Committee, accountable for managing the Group’s ESG initiatives and directing the implementation of the over ESG approaches through the Group’s global functions.

In Oct 2020, Haitong Worldwide launched the Haitong MSCI China A ESG ETF (Ticker: 3031.HK), which is now the only ETF in Hong Kong presenting broad ESG financial commitment publicity on China A-shares. As of 1 December 2020, Haitong Intercontinental has underwritten 13 green bond issuances, amounting to a whole of far more than USD3.2 billion. In the ECM house, Haitong International has participated in eco-friendly assignments including China Evergrande New Electrical power Vehicle’s equity placement and the IPO of Beijing Enterprises Urban Assets in Hong Kong this calendar year.

Source Haitong International

error-page.com © All rights reserved. | Newsphere by AF themes.