The Reserch On The Green Credit System From The Perspective Of Financial Corporate Social Responsibility

Since the first environmental protection meeting was held in China in1973, environmental problem has become one of the focuses of the society, and has restricted the economic development and social progress. With the rise of the movement of corporate social responsibility,"green finance" emerge Sal one new force of environmental protection and green credit also arises at the same time. In2007, the Opinions of the State Environmental Protection Administration of China, the People’s Bank of China and China Banking Regulatory Commission on Implementing Environmental Protection Policies and Rules and Preventing Credit Risks shows that a suitable set of encouraging type green credit system for China’s national conditions has established. Green credit system has a great role in solving environmental problems and guarding against credit risk, it also plays a positive significance in maintaining environmental, economic and social sustainable development.China green credit system has gone through four stages of development; it changed from old regulatory green credit into now encouraging type of green credit. Internationally, as the financial company are promoting social responsibility, the equator principle become social risk management tools and industry benchmarks of international financing project.Xingye bank as the first one to take the equator principle has rich experience in environment and social risk management. At present, China’s green credit due to the pressure of GDP, government departments and banks with low awareness of social responsibility, there are some outstanding issues in practice, such as the absence of supporting policies and regulations, discovering and sharing of environmental information system is not complete, lack of advancing Green credit incentives and completeness of green credit industry standard guide and so on. Therefore, we should strengthen our green credit legal framework through the green credit policy legalization; and we should adopt equator principles to establish environmental risk rating criteria, establish industrial guidance catalogue which conforms to our country’s actual green credit situation, and then we should formulate green credit business guide according to industrial guidance catalogue. Through the environmental information resources’construction and the renewal, we establish networks information communication systems and inter-joint system to make information disclosure and share perfect; and improve credit incentive system by direct government subsidy, loan subsidy. With these measures, the whole China green credit system could be fully utilized, guide the function of capital and debt inflows to improve the environment pollution, thus really realize capital "green configuration".