HONG KONG, Dec. 17, 2020 /PRNewswire/ — Haitong Intercontinental Securities Team Confined (“Haitong International”, Inventory Code: 665.HK) a short while ago revealed its initially Haitong Global ESG (Environmental, Social and Governance) Assertion, pledging to realize Carbon Neutrality by the conclusion of 2025 with ESG techniques implemented to promote Power Conservation and Sustainable Finance. This is the first publicized motivation for Carbon Neutrality in Hong Kong fiscal circle, 25 a long time ahead of the city’s goal.
Dr. Lin Yong, JP, Deputy Chairman and CEO of Haitong Global, explained: “Haitong Worldwide is committed to giving thorough skilled fiscal products and services for its shoppers close to the entire world, and at the similar time strives to put into practice ESG principles across all areas of its functions. In the foreseeable future, Haitong International will proceed to generate positive environmental and social values via just about every of its enterprises and choices. Capitalizing on our unique capital middleman function in investment decision, funding, consultancy, investigation and brokerage, Haitong Worldwide is capable of bringing ‘Impact Investment’ into play and strives to grow to be a world’s main investment bank with a very clear target on sustainable finance, contributing to Hong Kong’s situation as a world ESG expense hub in Asia.”
In accordance to the Statement, Haitong Intercontinental will step by step cut down on its carbon emissions by means of decreasing power consumption and utilizing renewable electricity. Carbon credits will be obtained to offset any remaining carbon emissions to realize Net Zero Carbon Emissions, i.e. Carbon Neutrality by the stop of 2025.
Haitong Intercontinental will also advocate the “Reduce, Reuse, Recycle” concept in the course of the Team, and aims to ability its functions with 100% renewable vitality and decrease its yearly paper use and squander technology per capita by at minimum 30% by the end of 2025 (when compared to the end of 2020). The Group encourages replacing significant carbon-emitting business routines this sort of as enterprise outings and bulk printing with choices. The Team will retain track of its greenhouse gasoline emission metrics in line with the ISO 14064 normal and disclose the information in its annual ESG report.
In assistance of Sustainable Finance, Haitong International aims to deploy or deliver USD20 billion in ESG and sustainable funding and financial commitment by the conclusion of 2025. To accomplish this, Haitong Worldwide will create a firm-broad incentive process to encourage its workers to devote efforts towards green financing and sustainable businesses this kind of as environmentally friendly bonds and ESG-themed items.
Haitong Worldwide will also consist of ESG possibility assessment in its financial investment choice-generating process, and progressively flip away from seriously polluting and vitality-losing company financing and expense things to do. It will proactively assistance the progress of renewable and cleanse strength, environmental security and environmentally friendly industries.
In addition, Haitong International has set up the ESG Committee and ESG Government Workplace under the Group’s Executive Committee, liable for controlling the Group’s ESG initiatives and directing the implementation of the previously mentioned ESG strategies during the Group’s global operations.
In October 2020, Haitong Global launched the Haitong MSCI China A ESG ETF (Ticker: 3031.HK), which is now the only ETF in Hong Kong giving broad ESG financial commitment exposure on China A-shares. As of 1 December 2020, Haitong International has underwritten 13 environmentally friendly bond issuances, amounting to a complete of additional than USD3.2 billion. In the ECM space, Haitong International has participated in green jobs which include China Evergrande New Vitality Vehicle’s equity placement and the IPO of Beijing Enterprises City Methods in Hong Kong this calendar year.
Look at authentic information: http://www.prnewswire.com/news-releases/haitong-global-to start with-announces-internet-zero-carbon-emissions-concentrate on-among-all-hk-money-institutions-301195187.html
Supply Haitong International
More Stories
Sales Build in November as Inventories Grow
A Two-Way Communication Tool for Teachers
My 50th birthday celebrations in Amsterdam