HONG KONG, Dec. 17, 2020 /PRNewswire/ — Haitong International Securities Group Confined (“Haitong International”, Stock Code: 665.HK) not long ago posted its 1st Haitong International ESG (Environmental, Social and Governance) Assertion, pledging to achieve Carbon Neutrality by the conclusion of 2025 with ESG techniques executed to promote Energy Conservation and Sustainable Finance. This is the initially publicized commitment for Carbon Neutrality in Hong Kong financial circle, 25 many years in advance of the city’s focus on.
Dr. Lin Yong, JP, Deputy Chairman and CEO of Haitong Global, stated: “Haitong International is committed to providing detailed specialist monetary companies for its consumers close to the environment, and at the very same time strives to apply ESG rules across all spots of its operations. In the future, Haitong Worldwide will continue to develop good environmental and social values by every single of its organizations and decisions. Capitalizing on our exceptional money intermediary position in financial investment, financing, consultancy, research and brokerage, Haitong Global is able of bringing ‘Impact Investment’ into enjoy and strives to develop into a world’s foremost expense lender with a distinct aim on sustainable finance, contributing to Hong Kong’s situation as a world wide ESG expenditure hub in Asia.”
According to the Statement, Haitong Intercontinental will steadily reduce down on its carbon emissions by lessening electricity consumption and using renewable power. Carbon credits will be bought to offset any remaining carbon emissions to obtain Web Zero Carbon Emissions, i.e. Carbon Neutrality by the end of 2025.
Haitong International will also advocate the “Lessen, Reuse, Recycle” strategy throughout the Group, and aims to electricity its functions with 100% renewable energy and reduce its annual paper consumption and waste generation for every capita by at least 30% by the stop of 2025 (compared to the finish of 2020). The Group encourages changing significant carbon-emitting enterprise activities these types of as enterprise excursions and bulk printing with possibilities. The Group will continue to keep monitor of its greenhouse fuel emission metrics in line with the ISO 14064 standard and disclose the data in its annual ESG report.
In guidance of Sustainable Finance, Haitong Global aims to deploy or present USD20 billion in ESG and sustainable funding and investment decision by the end of 2025. To reach this, Haitong Intercontinental will establish a organization-large incentive program to inspire its employees to commit initiatives to eco-friendly funding and sustainable businesses these as eco-friendly bonds and ESG-themed products and solutions.
Haitong Global will also involve ESG threat evaluation in its expense final decision-earning method, and steadily turn away from heavily polluting and electrical power-losing corporate funding and investment decision functions. It will proactively assistance the development of renewable and clean vitality, environmental security and green industries.
In addition, Haitong Worldwide has established up the ESG Committee and ESG Executive Office environment under the Group’s Govt Committee, responsible for managing the Group’s ESG initiatives and directing the implementation of the previously mentioned ESG techniques through the Group’s world wide functions.
In Oct 2020, Haitong Global introduced the Haitong MSCI China A ESG ETF (Ticker: 3031.HK), which is currently the only ETF in Hong Kong offering broad ESG expenditure publicity on China A-shares. As of 1 December 2020, Haitong International has underwritten 13 inexperienced bond issuances, amounting to a whole of far more than USD3.2 billion. In the ECM space, Haitong Intercontinental has participated in environmentally friendly initiatives which include China Evergrande New Energy Vehicle’s equity placement and the IPO of Beijing Enterprises City Assets in Hong Kong this year.
Source Haitong Global