2018 Progress Report from the Pilot Working Group of UK-China Climate and Environmental Information Disclosure
中英金融机构气候与环境信息披露试点2018年度进展报告

Release time:2018-11-30

Foreword


The challenges posed by climate change and environmental pollution are at the core of the debate of how the global economy and society could sustainably achieve long term growth. The financial sector is in no different to other economic sectors which would be negatively impacted if these issues were not addressed. The Green Finance Agenda is taking shape and major financial institutions are also increasingly paying attention to their own contribution to the green economy transition.

 

Timely and accurate access to information of climate and environmental-related opportunities and risks is an important foundation for the green financial market. In June 2017, the Financial Stability Board's Task Force on Climate-related Financial Disclosures (TCFD) issued the Recommendations of the Task Force on Climate-related Financial Disclosures (hereinafter referred to as the TCFD Framework), providing framework and recommendations for investors, lenders and financial institutions to assess risks and opportunities related to climate change. In China, green finance has been elevated to a national strategy. Seven ministries and commissions jointly issued the Guiding Opinions on Building a Green Financial System; China Banking Regulatory Commission (CBRC) formulated the Green Credit Statistics System and organized major banks to carry out self­-evaluation on green credit; and China Securities Regulatory Commission (CSRC) also unified and standardized the environmental information disclosure of listed companies.


Against this background, on the 9th China-UK Economic and Financial Dialogue held on December 5, 2017, the Chinese and British governments agreed to strengthen the cooperation on green finance and to encourage financial institutions of both countries to jointly conduct an environmental information disclosure pilot program. Subsequently, the Green Finance Committee of China Society for Finance and Banking (hereinafter referred to as the "Green Finance Committee" or "GFC") and the City of London selected 10 Chinese and British financial institutions to jointly work on the pilot of climate and environmental information disclosures. Throughout the past year, the pilot institutions have discussed the objectives, contents, methods and action plans of environmental information disclosure, and relevant climate risks and opportunities according to the TCFD recommendations, with considerations of the unique characteristics across both markets and among institutions.

 

Under the leadership of the GFC Chair, Dr. Ma Jun, and the City of London Green Finance Initiative's Chair, Sir Roger Gifford, and owing to the coordination of China's pilot project manager ICBC (led by Ms. Yin Hong) and UK's pilot manager UNPRI (responsible by Mr. Edward Baker), the pilot has made significant progress. Meanwhile, we would like to express our gratitude for the independent partners who provided valuable advice on the technicalities. This report summarizes the progress and achievements of the information disclosure pilot project for both Chinese and the UK financial institutions.


Download the Full Report (in English):

Report on the Progress of Pilot Program of UK-China Climate and Environmental Information Disclosure in 2018.pdf




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前言


近年来,应对气候变化、治理环境污染,促进人与自然和谐共存,已成为全球经济社会可持续发展的核心议题。在金融领域,绿色金融理念逐渐深入人心,绿色金融相关工作不断取得进展。主流金融机构也日益重视自身的环境信息披露工作。


及时而准确地获得气候和环境相关的机遇与风险信息,是绿色金融市场的重要基础。2017 年6 月,联合国金融稳定委员会的气候相关财务信息披露工作组(TCFD)发布了《气候相关财务信息披露工作组建议报告》(以下简称TCFD框架),为投资者、贷款人和金融机构评估与气候相关的风险和机遇提出了框架和建议。在中国,绿色金融已上升为国家战略。七部委联合发布《关于构建绿色金融体系的指导意见》;中国银监会制定了《绿色信贷统计制度》并组织主要银行开展绿色信贷自评价;中国证监会也对上市公司环境信息披露进行了统一的规范。


基于上述背景,在2017 年12 月15 日举行的第9 次中英经济财金对话上,中英两国政府同意加强在绿色金融领域的合作,鼓励两国金融机构共同开展环境信息披露试点。随之,中国金融学会绿色金融专业委员会(以下简称绿金委)和伦敦金融城联合衔接10 家中英金融机构,共同试点气候与环境信息披露工作。各试点机构根据TCFD 的建议,结合本国、本机构的实际情况,探讨环境信息披露的目标、内容、方法及行动计划。在绿金委主任马骏和伦敦金融城绿色金融倡议主席Sir Roger Gifford 的指导下,在中方牵头机构工商银行(由殷红负责) 和英方牵头机构PRI ( 由Edward Baker负责) 的协调推动下,试点工作取得了明显进展。其间,获得了第三方伙伴为试点提供的智力支持,在此一并表示感谢!


本报告为2018 年度进展报告,总结了中英金融机构环境信息披露试点迄今为止的工作进展和成效,并以案例形式展示各试点机构的工作成效。



下载完整报告(中文)Download the Full Report (in Chinese):

中英环境信息披露2018进展报告-中文版.pdf



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