The World Wildlife Fund and the Financial Research Institute of the People's Bank of China have jointly issued a report on the sustainable development strategy of China's banking sector.
"Banking Strategy towards Sustainable Development: Research on the Reform Progress and Development Trend of China's Banking Sector" is the first research report on the sustainable development strategy of the banking sector in China, and is also the first time for the People's Bank of China to propose constructive ideas for the sustainable development of the banking sector as a whole.
The report offers guidance methods for the banking sector's sustainable development from several angles such as risk control, customer market segmentation and changes in the external environment; and also analyzes the relations of scientific concept of development and sustainable development, environmental protection and sustainable development, and environmental protection and economic development.
The implementation of a sustainable development strategy needs the joint efforts of the government, enterprises, social groups and the public, as Dermot O'Gorman, WWF China's chief representative, stated. WWF will continue to promote the banking sector's sustainable development and the green credit policy. And WWF will work with the Ministry of Environmental Protection and commercial banks of China to promote the implementation of environmental policies and conduct relative trainings.
