On 31 March 2016, the Ministry of Environmental Protection (MEP) held a conference on Fiscal and Financial Incentive Schemes for Promoting Green Industry Development in China. Relevant government departments, financial institutions, third-party consultants and corporates attended the conference, discussing the establishment of an environmental protection financing mechanism, improving incentive mechanism, and innovating green finance products and services. Ms. Tracy Cai, CEO of SynTao Green Finance, shared UK Green Investment Bank (GIB)’s experience and tools of implementing green investment.
Tracy Cai, CEO of SynTao Green Finance, invited to share UK Green Investment Bank's experience
GIB published its Green Investment Handbook in 2015 and is used as a practical tool on a daily basis to assess, monitor and report the green impact of its investments. In the same year, SynTao Green Finance and China Clean Development Mechanism Fund translated the handbook into Chinese. The Chinese version of the handbook is one of the policy outcomes for the UK-China 7th Economic and Financial Dialogue.
Ms. Tracy Cai said that Green Investment Handbook sets out and explains the practical tools GIB uses day-in and day-out. It includes a series of guidelines, checklists and templates, from guidance on due diligence and how GIB assesses risk, to reporting frameworks and details of how GIB gives context to its green impact calculations. Hopefully the experience sharing and the publication of the Chinese version handbook can provide valuable references to relevant Chinese government departments and financial institutions and contribute to the green finance development in China.
Green Investment Handbook is free of charge, and other institutions can take the handbook as a reference when managing environmental risks and benefits. SynTao Green Finance is a certified consulting agency for GIB in China, and can better help Chinese financial institutions to implement environmental risk control and environmental impact assessment.
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For sharing slides, please click here (in Chinese)
For Chinse summary of Green Investment Handbook, please click here
For full English version of Green Investment Handbook, please refer to: www.greeninvestmentbank.com/green-impact/green-investment-handbook
About SynTao Green Finance
SynTao Green Finance is an independent consultancy promoting sustainable finance in China. With a global vision and rich local practice, we provide consulting, research and training services in ESG risk management, green finance product innovation, and other sustainable finance perspectives. SynTao Green Finance is co-founder of China Social Investment Forum (SIF); its parent company - SynTao is a founding member of the Green Finance Committee (GFC) of China Society of Finance and Banking.
Green Bond Services
As an observer organization of the Green Bond Principles and the first approved verifier of the Climate Bonds Standard based in China, SynTao Green Finance will help green bond issuers on pre- and post- issuance verification, continuing monitor of the proceeds, reporting and information disclosure, as well as capacity building on green finance.
For more information, please contact contact@syntaogf.com.