Statement on adoption of the Equator Principles
FuJian HaiXia Bank Co., Ltd.(hereinafter referred to as FuJian HaiXia Bank) officially adopts Equator Principles on December 8, 2021 in order to fulfill its social responsibility better and implement green development effectively. FuJian HaiXia Bank will continuously improve the environmental and social risk management system, and fully implement the requirements of Equator Principles.
FuJian HaiXia Bank was established in December 1996 whose headquater is located in FuZhou City, FuJian Province, China. The bank has a network of 76 branches in FuJian and ZheJiang Provinces, China. As of the end of November 2021, the total assets of Bank amounted to 31,471.61 million US dollars: the balance of deposits reached 23,136.97 million US dollars, while the balance of loans hit 17,324.51 million US dollars. In recent years, the Bank accelerates the construction of a green financial system, and puts great efforts on building a brand of green banking. The bank has supported the development of numerous green projects in the areas of energy conservation and environmental protection、 pollution control and clean transportation, ect. in FuJian Province.As of the end of November 2021, the balance of green financing of the bank was 603.03 million US dollars,an increase of 79.85% compared with the beginning of the year.
The Equator Principles is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects and is primarily intended to provide a minimum standard for due diligence and monitoring to support responsible risk decision-making.
FuJian HaiXia Bank will take the Equator Principles as an opportunity to support green development, practice corporate social responsibility, and effectively prevent environmental and social risks.
Official website of Equator Principles Association: https://equator-principles.com/category/adoption-news/