|Date joined:||25 July, 2018|
Established in 1998, Bank of Huzhou is a local joint-stock commercial bank based in Zhejiang Province, China. With a total asset of RMB 44.386 billion, 58 outlets in the city of Huzhou and Jiaxing and over 1,000 employees as of 2017, Bank of Huzhou specialises in the regional small and micro-financing, science and technology financing, and green financing.
Bank of Huzhou and Sustainability
As a local bank in the national green finance reform pilot zone, Bank of Huzhou fully grasps the development opportunities and adheres to the concept of “sustainable development” and has a sustainable development plan. Bank of Huzhou launched its Green Finance Three-Year Strategic Plan in 2016 and its Green Finance Implementation Plan in 2017, and develops annual green finance action plans. By launching these plans, Bank of Huzhou sets green finance development goals and targets in green finance management system establishment, capacity building, product innovation, and green branding.
The bank aims to become the third in China adopting the Equator Principles (EP) and to combine the EP environmental and social management mechanism with micro-finance, promoting the adoption of sustainable practices in SMEs.
The second goal it to innovate and reform the environmental and social risk management system suitable for small and medium banks, develop a full process assessment and IT management system, quantify environmental performance data, and achieve systematic green monitoring management.
Bank of Huzhou is among the first batch of banking institutions to join the China-UK Environmental Information Disclosure Pilot Programme, exploring and implementing an environmental information disclosure mechanism that is practical and replicable for small and medium banks.
By joining UNEP FI, Bank of Huzhou aims to learn more about and exchange green finance practices with peers, further strengthen its green finance management system, and promote green finance among small and medium banks and enterprises.
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