114 view s
Logo from BEA

BEA advances in sustainability with $71b GSF loans and ESG bond investments

The bank also recorded a 31% drop in emissions.

The Bank of East Asia (BEA) has recorded almost $71b green and sustainable finance (GSF) loans and ESG bond investments, representing a 26.4% growth year-on-year (YoY).

This was amongst the achievements BEA has reported under its environmental, social, and governance (ESG) report for 2023.

In the same year, BEA became the first Chinese member of the net-zero banking alliance (NZBA), a global alliance of leading banks committed to transitioning towards a net-zero carbon economy.

In addition, the bank has developed a data platform that calculates and monitors financed emissions and a climate risk heat map that identifies climate-related risks for high carbon-emitting sectors.

In terms of operations, the bank has also reduced its emissions by 31%.

ALSO READ: BEA unveils new credit evaluation process for SMEs in trade sector

 

 

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Stellerus helps organisations manage hazard, climate risks
The Hong Kong startup offers a fast and accurate early warning system for natural disasters.
K11 MUSEA bridges art, culture, and retail
Visitors find top-tier brands and museum-grade art pieces at the cultural-retail landmark.