The Research On The Development Of Green Finance Of China’s Commercial Banks

Nowadays under the background of lacking in global social resource as well asdeterioration of the ecological environment, it should be a way to die if we still relyon consumption of energy. Even though our country has large continent and richresource, we are still faced with a large population, serious environmental pollutionand excessive resource consumption. That is to say, urgent to it is to curb waste, tooptimize the industrial structure and to adjust the economic structure. Finance, thecore of the national economy and social capital as well as commercial banks, mainforce of financial institutions and actuator of monetary policy, should play a vitalrole in energy conservation and environmental protection field. But in our country,commercial banks are still exploring in protecting environment and the developmentof green finance.In the year2008, Industrial Bank began to adopt and push forward TheEquator Principles, which means that our country go steps further to thedevelopment of green finance. As the very first and only Equator Bank in China,SocGen refers to The Equator Principles and other advanced internationalconcepts and principles committed to the environmental and social risk managementof project financing process, which help enterprises to conscious management andguard against environmental and social risk. This helps to gain both economic andsocial benefits.This essay analyses some foreign commercial banks in their experienceson developing green financial business and carries on the summary. Compared withforeign countries, our country still has a long way to go in developing green financeat this time. We should absorb and learn from other countries in this way. At thesame time this essay carries out a deep analysis and summary of the successful caseof Industrial Bank in developing green finance. It is bad work like green finance in our country, we are faced with difficulties and limitations. But the case of IndustrialBank has brought us delight. Developing green finance is vital to sustainabledevelopment and it is commercial banks’ duty to complete their social task. It is tobe believed that things should be better if the whole society works together and putout more policies to support commercial banks. As to the commercial banks, they areto be aware of their position in finance, be more active in their behavior and be readyfor any challenge it may come and sharpen the competitive edge.