As of the end of the first quarter, China's Industrial Bank (CIB) reported a green loan balance exceeding RMB 1 trillion under the People's Bank of China (PBOC) standards, reaching RMB 1,017.5 billion. The projects supported by these loans are expected to achieve an annual reduction of 29.68 million tons of carbon dioxide emissions and save 18.16 million tons of water, delivering strong economic, environmental, and social benefits. This further solidifies the bank's reputation as a “green bank.”
CIB is a leader in China's green finance and ESG sectors. In recent years, the bank has actively implemented the central government’s strategic directives, including the Beautiful China construction and the comprehensive green transformation of economic and social development. By tailoring its approach to local conditions, CIB has deepened its focus on carbon reduction and pollution control, supporting the growth of emerging industries and the green transition of traditional sectors.
Specifically, as of the end of Q1, CIB's loan balances in key pollution control areas such as water and solid waste treatment, and key carbon reduction sectors such as clean energy, energy storage, and green public transportation, exceeded RMB 120 billion and RMB 340 billion, respectively. In key regions like the Yangtze River and Yellow River basins, the bank's green loan balances surpassed RMB 510 billion and RMB 170 billion, respectively.
In the field of carbon finance, CIB has focused on addressing the evolving financing needs of green industries. The bank has pioneered innovative carbon finance, climate finance, and environmental rights pledge products, creating benchmark models. By targeting key regions and customer segments, the bank has also accelerated the adoption and widespread application of these solutions. Since 2024, CIB has facilitated over RMB 20 billion in carbon finance loans, including carbon asset-backed loans and carbon reduction-linked financing. Additionally, leveraging its corporate carbon accounting system, the bank provides “non-financial” services such as carbon consulting and carbon accounting to support businesses in their low-carbon transition.
Notably, CIB has capitalized on its integrated business strengths to expand a comprehensive suite of green financial products, including green bonds, green asset management, green leasing, green trusts, and green funds, catering to diverse and multi-tiered client needs. As of the end of the first quarter, the group's green finance financing scale reached RMB 2,318.1 billion, marking a 4.98% increase from the beginning of the year.