China Minsheng Banking is focused for environmental protection and climate change, which promoted the implementation of the green finance development strategy, and supported a green, low-carbon and circular economy. China Minsheng Banking’s latest filings mentioned the keywords 'Green Finance' and ‘Carbon’ most number of times in relation to 'Climate Change’.

China Minsheng Banking has revealed its data for Scope 1 and 2 GHG emissions in its 2022 Environmental, Social and Governance Report. In 2022, the company's total greenhouse gas emissions for scope 1 and scope 2 was 84,327.29 tonnes. The direct emissions (scope 1) was at 7,868.18 tonnes and indirect emissions (scope 2) was 76,459.12 tonnes.

The bank has taken steps to reduce its emissions, including implementing whole-process management and control over its fixed assets, formulating management measures on energy, green finance, and establishing relevant incentive mechanisms. As part of its energy-saving and carbon reduction goals, the Bank will accelerate the establishment of energy management system, continue to strengthen the energy saving management to reduce energy consumption through energy saving technology transformation projects. In response to the national "Carbon Peaking and Carbon Neutrality" strategy, the bank has formulated approval guidelines for green development areas such as power battery, energy storage industry, waste-to-energy incineration, and new energy passenger vehicles.

In conclusion, as climate change continues to pose significant challenges to the global community, China Minsheng Banking recognizes that collective efforts are essential to address these issues effectively. The bank has taken steps to reduce its GHG emissions and has supported clean energy initiatives. The bank remains committed to collaborating with stakeholders, industry peers, and governments to contribute to the global fight against climate change and build a more sustainable future for all.

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