China ESG - Weekly News: HTI's MSCI ESG Rating Upgraded to 'A', the Highest Ever for Chinese IBs




Three indexes including the CSI 800 ESG Bond Index were released on March 25

In order to further enrich the index system and provide investors with new analysis tools and investment targets, China Securities Index Co., Ltd. officially released the China Securities 800 ESG Bond Index, China Securities 800 ESG Credit Debt Index, and China Securities Convertible bond index on March 25, 2021.

Source: China Security Index



HTI's MSCI ESG Rating Upgraded to 'A', the Highest Rating Ever for Chinese IBs

MSCI Inc. has upgraded HTI's ESG rating from 'BBB' to 'A'. In the rating report published by MSCI, it stated that the rating upgrade can be attributed to:

(i) HTI's methodology enhancements to the Financing Environmental Impact Key Issue resulted in lower exposure to highly environmentally intensive industries,

(ii) The Company's overall #governance practices remain stronger than those of industry peers.


In 2020, Haitong International Securities Group Limited has underwritten a total of 11 Green Bond and 1 Blue Bond (Marine-related bond) issuances. According to Bloomberg's data, Haitong International ranked No.1 among all Chinese underwriters in terms of a number of issues on the Global Green Bonds Issuance -- Corporate & Government League Table. As of today, Haitong International has completed 8 Green Bond issuances in 2021, continuing its leading position in the market.

Source: Haitong Securities International



Bank of China became a TCFD support institution

In February 2021, the Bank of China formally became a supporting organization of the Task Force on Climate-Related Financial Disclosure (TCFD), and in the future, it will conduct information disclosure on climate-related risks based on TCFD recommendations.


In the future, Bank of China will continue to accumulate climate-related financial risk information disclosure experience, identify major climate-related risks and opportunities, formulate an action plan to address climate-related risks, and make full use of international communication platforms to continue to improve the Bank of China’s information disclosure capabilities and climate Risk management capabilities.


Source: Bank of China


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