Research On The Development Motivation And Benefits Of Jiujiang Bank’s Green Credit Business Based On ESG System

Since the reform and opening up,our social productivity has been developing rapidly,and the population is also increasing significantly.Therefore,the sustainable development of the society has become a matter of great concern to our country.In order to achieve the goal of harmonious development of economy and environment,the concept of green economy comes into being."Mountains of gold and silver are not as good as clear waters and green mountains" was the slogan shouted at the 19 th CPC National Congress in 2017.Building a "beautiful China" and promoting ecological progress were written into the Constitution in 2018.In 2020,China put forward the "double carbon" goal for the first time;For the first time,the 2022 target was included in the report of the Party’s National Congress.To realize the "double carbon" goal,developing green finance becomes an important way to solve our country’s economic development and ecological protection.As the main force of green finance,green credit has made great contributions to environmental protection.By 2021,China’s green credit scale ranks first in the world.The concept of "green credit" has been put forward in China for more than ten years.During this process,some large commercial banks have begun to explore its development path.Commercial banks,as the most important link in the domestic financial market,as the allocation of funds,the implementation of green credit business will curb the blind expansion of traditional polluters from the source,and protect and support the development of environmental protection enterprises.As the first listed prefecture-level city commercial bank in Jiangxi Province,Bank of Jiujiang has been deeply engaged in green finance business for many years and has made rich innovation achievements in green credit products,contributing to the green development of Jiangxi Province.Therefore,this paper selects the green credit case of Bank of Jiujiang as the research object to explore the development motivation of its green credit business.Analyze the benefits of its green credit business.This paper studies the green credit business of Bank of Jiujiang.After introducing the development background,development status and management system of its green credit business,it conducts an in-depth study on the motivation and benefits of Bank of Jiujiang’s green credit development from the perspective of ESG.ESG refers to environment,society and corporate governance.These three aspects are the main driving forces to promote the green transformation of commercial banks.With the goal of pursuing environmental protection,ESG promotes the green development and transformation of enterprises from the three dimensions of environmental benefits,social benefits and corporate governance benefits,effectively facilitates the implementation of carbon emission work and promotes the achievement of the goal of carbon neutrality.Bank of Jiujiang,driven by the understanding that green credit business can achieve good environmental benefits,better assume social responsibilities,strengthen its own risk management and achieve sustainable development,vigorously develops green credit business.Its green credit business has achieved good results in improving environmental quality,undertaking social responsibility and corporate governance.However,there are still some problems in these aspects,such as immature green credit management system,lack of professional talents and weak risk control in corporate governance.After summarizing and analyzing the problems faced by Bank of Jiujiang in developing green credit business,this paper puts forward corresponding countermeasures and suggestions,aiming at providing reference for other city commercial banks to develop green credit business.