The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms & Conditions.

All material subject to strictly enforced copyright laws. © 2020 Euromoney is part of the Euromoney Institutional Investor PLC
China Green Finance Awards

Outstanding green finance research in China 2021

Research on climate-related information disclosure systems of the banking and insurance industry by CIB Research

There is little doubt that China’s ambition to be carbon neutral will have a significant impact on industries across the board, including the banking and insurance industry.

China’s financial institutions may be subject to greater risks associated with climate change, which the regulator needs to monitor to prevent any systemic problems, so information disclosure is the first obvious step.

While many banks and insurers already collect and publish climate-related data, there is no unified policy or guidance to make such efforts more accurate and effective.

Enter CIB Research’s work, which is funded by the Ministry of Ecology and Environment. It examined the current situation of climate information disclosure frameworks both inside and outside China. It then summarized the various difficulties and suggested ways to establish a disclosure system for China’s banking and insurance industry.

For example, it proposed a basic catalogue of climate reports, regular stress tests of climate-related risks and a gradual approach to enforcement based on the current situation in China. CIB Research says its research team has been assisting China’s regulators in drafting policies on climate-related information disclosure in the country. It is still not clear when the draft will be made public for review.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree