Export-Import Bank of China (China Exim Bank) White Paper on Green Finance and Social Responsibility

Scope of Application

Environmental and social principles for the Export-Import Bank of China (China Exim Bank), as well as affiliated systems and institutions.

Purpose

Offers initiatives to fulfill environmental and social responsibilities and promote economic development.

General Key Points

China Exim Bank should:

Integrate green development into its pursuit of sustainable development.
Step up green finance across the credit system, procedures management, and operations.
Promote green industries and reduce support for inefficient and high-polluting industries.
- Support the active development of green finance business through green credit, environmental protection funds, carbon finance, and green bonds.
Focus on the management, prevention, and control of environmental and social risks.
Follow host country laws and regulations for environmental and social assessment and management (ESAM) for overseas projects.
Follow Chinese standards or international best practices if host countries lack relevant policies.

Key Points on Stakeholder Engagement

Management of China Exim Bank should:

Key Points on Environmental and Social Impact Assessment

China Exim Bank should:

Formulate and publish annual industry-specific green credit standards and requirements for environmental and social risk management (ESRM).
Require ESIAs before granting loans. Veto projects that fail to meet standards.
Use ESIAs during the entire life cycle of a project (design, preparation, construction, completion, operation, and closing).
Suspend or withdraw funding if there are major risks or dangers.
During post-loan management, carry out supervision and on-site checks on the construction and operation of projects in accordance with ESIA results.