China SIF Week: Net Zero Transition for Financial Institutions

2023-12-07

Shao Danqing from Peking University introduced key findings from a collaboration study with NRDC @China SIF 

NRDC and China Sustainable Investment Forum (China SIF) organized a seminar on Net Zero Transition for Financial Institutions with support from Bank of Beijing and SynTao Green Finance on December 7. The seminar aimed to support financial institutions to accelerate transition by introducing toolkits and best practices. 

Yuki Yasui, Managing Director of GFANZ APAC, introduced GFANZ's Net Zero transition framework. She pointed out that transition finance should support emission reductions in the real economy for an orderly transition. To translate commitment into action, it is necessary for financial institutions to develop clear and detailed plans. 

Raymond Zhang, CEO of SynTao Green Finance, presented a climate change scenario analysis and STGF toolkit for investors. Shao Danqing from the National Institute for Development Studies of Peking University introduced how commercial banks can finance and support just transition, the key findings from a collaboration study with NRDC. 

Representatives from Postal Savings Bank of China, China Pacific Insurance Company, and Neuberger Berman (an investment management firm) shared their practical experience on transition strategy development, ESG investment policies, and engagement with corporations. 

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