A Case Study On CCB’s Development Of Green Finance Under ESG Concept

In recent years,with the acceleration of global climate governance and green development,ESG concepts have gradually become popular around the world and have become an emerging field that financial institutions and major enterprises are paying more and more attention to.In the process of promoting the low-carbon global economy,the arrival of ESG is an unprecedented key opportunity for the financial market,leading the banking industry to achieve breakthroughs in technological upgrading,business increment,product innovation and other fields,which is a new inflection point for the banking industry to achieve green business transformation.Therefore,it is of research significance to study how commercial banks can use ESG practices to develop green finance under the concept of ESG.Based on the relevant literature of ESG and green finance,this paper comprehensively reviews the development status and characteristics of ESG system and green finance.CCB was selected as the case study object,focusing on the development of green finance by CCB under the ESG concept.Starting from the overall situation and ESG practices implemented by ESG to help CCB’s green finance,namely ESG information disclosure,ESG rating system and ESG bond issuance index,this paper further introduces the development status of CCB’s green finance.Then,through case analysis,the internal and external drivers of CCB’s development of green finance under the ESG concept are explored,as well as the role mechanism of CCB’s ESG practice in developing green finance and its environmental,social and corporate management performance,so as to illustrate that CCB’s development of green finance under the ESG concept has certain results,which can provide reference for other banks,and point out the problems faced in the process of business development and draw corresponding general enlightenment.Finally,the case conclusion is concluded: CCB is also constantly promoting the development of green finance when practicing ESG concepts.By disclosing ESG information,CCB has improved the efficiency of green finance resource allocation and guided the flow of funds to the green finance field.Develop ESG rating tools for credit customers,strengthen the risk management capabilities of green projects,and escort green finance;Develop the CCB-Wande Green ESG Bond Issuance Index,provide price discovery function,and play the role of the index as a leading investment.However,CCB also has problems in this process,such as the low quality of green information disclosure,the imperfect green rating system and the insufficient innovation of ESG wealth management products,which also brings enlightenment to domestic commercial banks: it is necessary to accelerate the improvement of the information disclosure standards of commercial banks,build a green ESG rating system for banks and attach importance to the innovation ability of ESG wealth management products.