China Construction Bank Launches ESG Ratings System

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One of China’s big state-owned banks is hoping to improve its green finance capabilities with the launch of a new ESG ratings system.

China Construction Bank (CCB) said that its recently launched “public client ESG ratings system project” (对公客户ESG评级体系项目) was for the purpose of “actively responding to green, low-carbon development trends, identifying green, low carbon and sustainable clients, and providing support to client selection, risk preference settings and structural credit adjustments.”

Key features of its new ESG ratings system include the creation of a client ESG ratings model based on advanced ESG ratings experience both abroad and domestically, and ESG-related indices based on the ESG performance of listed companies and bond issuing enterprises.

CCB said that the next step would be the development of a data-driven system for rating the sustainable development capabilities of clients.

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