Aerial photo taken on June 28, 2019 shows the Xi'an Expo Park located within the Chanba Ecological area in Xi'an, northwest China's Shaanxi Province. (Xinhua/Zhang Bowen)
BEIJING, March 17 (Xinhua) --Global ratings agency Moody's signed a Memorandum of Understanding (MoU) with Beijing Financial Holdings Group (BFHG) on Tuesday to pursue green development in finance through closer collaboration.
The two parties will team up to build an evaluation system for environmental, social and environmental (ESG) risks, promote social-responsibility-oriented investment, and create more new products and services in green finance.
China's carbon neutrality goal has presented many opportunities for the growth of green finance in the country. Finance is well-positioned to support green development, a key method to tackle the common challenge facing the humanity, said Fan Wenzhong, head of the BFHG, adding that green finance, ranging from ESG evaluation system, investment for green projects to comprehensive green finance service, will be the highlight in the company's development during the 14th Five-Year Plan period (2021-2025).
According to Moody's, the cooperation will further fuel China's economic growth by providing information and analysis.
Going forward, the two parties will jointly build Beijing into a resource-conserving and environmental-friendly society, leveraging on both companies' experience in green finance.
(Edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)
A single purchase
