Bank of China focuses on global green governance and is actively aiming to reduce its carbon emissions. Bank of China's latest filings mentioned the keywords 'Green Finance' and 'Carbon' most number of times in relation to 'Climate Change'.

The bank plans to build the "BOC Green+" service system, accelerate innovation in sustainable development and transition finance, and optimize financial support for new energy, green and low-carbon operation, and other cutting-edge technologies. It has also participated in the formulation of green finance standards and raised all employees' awareness of green finance subjects. The bank has set and published inclusive finance and green finance targets and integrated the sustainable development philosophy into a series of policies.

Bank of China has continuously put in place a complete set of environmental policies, deepened the management of ESG risks in customers, and explored innovative green products and services to fully accommodate the development demand of customers in the green and environmental protection industries. It has provided a new engine for China's green, low-carbon development by issuing, underwriting, and investing in green bonds. The bank has also created the "One Mainstay, Two Engines" pattern with domestic commercial banking services as the business mainstay, gave full play to the Group's advantages in globalized and integrated operation, and promoted the sound and rapid development of green finance businesses such as stock, bond, loan, investment, insurance, and leasing.

Bank of China has disclosed its governance around climate-related risks and opportunities, including the board's oversight of climate-related risks and opportunities and management's role in assessing and managing them. The bank has also disclosed the actual and potential impacts of climate-related risks and opportunities on its businesses, strategy, and financial planning. It has described its processes for identifying and assessing climate-related risks and managing them, and how these processes are integrated into its overall risk management. The bank has disclosed the metrics used to assess climate-related risks and opportunities. In FY2022, the company reported scope 1 and scope 2 emissions as 74,899 tCO2e and 1,462,647 tCO2-e, respectively. The Group’s total energy consumption reduced by 4.9% and direct GHG emissions declined by 15.6% from 2019 to 2022.

In conclusion, Bank of China is taking active steps to reduce its carbon emissions in its operations, including issuing, underwriting, and investing in green bonds. The bank has integrated the sustainable development philosophy into its policies and has created a "BOC Green+" service system to accelerate innovation in sustainable development and transition finance. The bank has also disclosed its governance around climate-related risks and opportunities and its processes for identifying, assessing, and managing these risks.

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