Green Bond Financing Risk Management Of XC Company

Recently,as the risks of global climate change continue to increase,countries around the world have strengthened their willingness to promote green and low-carbon economic transformation,which has provided stronger impetus for the development of the global green economy.However,as the domestic green finance market is faced with difficulties such as slow start of green development system construction,low innovation of green products and too diverse green catalog to be unified,which lead to green financial products fail to sink and penetrate into the financial market in time.Especially for the green bonds that have been issued at present,the related issues of financing risk management need to be further studied.Based on the case of XC’s issuance of green bonds,this thesis proposes a research on risk management of green bonds from the perspective of financing,in an effort to further clarify the concept,development process and green products of green bonds,and help enterprises actively participate in the issuance of green bonds to achieve their own green and sustainable development.At the same time,to a certain extent,this thesis is based on real cases,which can bring lessons to companies that actually participate in the issuance,sales and management of green bond financial products,and further optimize the management of green bond risks.First of all,this thesis analyzes the basic situation of XC Company and introduces the current situation of green bond project and the necessity of risk management.By referring to theories related to risk management and literatures related to green bonds,and based on the research results of Han Yibo’s(2022)Research on the Risk Management of Commercial Banks’ Green Bonds Financing,this thesis preliminarily constructs potential related risk indicators,and then increases or decreases the potential financing risk indicators of XC’s green bonds by designing questionnaires and expert scoring methods.Six first-level risk indicators and 17 second-level risk indicators are identified,and also possible risk indicators of XC’s green bonds are identified from multiple perspectives and targeted.At the same time,the analytic hierarchy process and fuzzy comprehensive evaluation method are adopted to evaluate the identified risk indicators from qualitative and quantitative perspectives,so as to further obtain the overall financing risk results of XC’s green bonds.Finally,the importance and necessity of green bond risk management are obtained by ranking the risk evaluation results,and then the countermeasures to XC Company’s green bond financing risk are put forward.From the perspective of financing,this thesis has certain reference value of risk management for similar state-owned companies to issue green bonds.