ICBC issues 50 billion yuan in green bonds to support sustainability
2023.12.11 02:40
© Reuters.
BEIJING – The Industrial and Commercial Bank of China (ICBC) has taken a significant step towards environmental sustainability by issuing green bonds worth 50 billion yuan. This financial move is part of the bank’s broader commitment to ecological conservation and the support of clean energy initiatives.
ICBC’s issuance of these bonds aims to fund projects within the interbank bond market that focus on energy efficiency, clean production, and environmental protection. The bank’s annual investment in green industries and services has now reached an impressive 60 billion yuan (USD1 = CNY7.1814).
The 50 billion yuan in green bonds specifically targets measures that enhance energy savings and bolster clean production practices. By channeling funds into these areas, ICBC is actively contributing to the reduction of environmental impact and the advancement of green industry growth.
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