Salon: Construction of Climate-Friendly Financial Institutions



To build an ecosystem of climate-friendly finance, NRDC initiated a salon series on construction of climate-friendly financial institutions with the Climate Investment and Finance Association (CIFA), the most important industry association in China that engages research institutes, regulatory authorities, financial institutions, institutional investors and enterprises, with guidance from Ministry of Ecology and Environment (MEE) of China, and support from other ministries and commissions, including the People's Bank of China, China Banking and Insurance Regulatory Commission, the National Development and Reform Commission and the Ministry of Finance. The theme of the first salon held on November 3 was Climate-Friendly Practices and Prospects. Leading experts from the China Banking and Insurance Regulatory Commission, China Industrial Bank and Postal Savings Bank of China were invited to share their insights. The experts emphasized that, with the pressure from energy crisis and climate crisis, the banks should not only prevent ESG risks for themselves, but also play an active role in guiding capitals towards climate-friendly fields to reduce carbon emissions. The banks should also pay close attention to the changes in laws, policies, technologies, and markets at home and abroad.