Case Study / 22 Apr 2016

Industrial and Commercial Bank of China (ICBC)

Trucost developed a model to quantify the natural capital costs of business sectors in China.

Industrial and Commercial Bank of China (ICBC) is a Chinese multinational banking company, and the largest bank in the world by total assets and by market capitalization. It is one of China’s ‘Big Four’ state-owned commercial banks.

ICBC wanted to help Chinese financial institutions understand the environmental risks of their investments. The bank commissioned Trucost to develop a model to quantify the natural capital costs of business sectors in China and attribute them to the portfolios of financial institutions through their equity or loan exposures to these sectors.

This project forms a vital part of the Green Finance Committee’s plan to build a robust financial infrastructure enabling investors across asset classes in China to systematically integrate natural capital risks into their conventional frameworks.

Insights

Industrial and Commercial Bank of China and Trucost Partner to Build China Specific Natural Capital Risk Model and Tool (news)

Accounting for Natural Capital Costs Associated with Chinese Financial Institutions (publication)

Events Connecting the Environment and Finance Through Natural Capital – Dublin 29th April

The financial policy landscape is evolving in response to environmental risk. How can Ireland leverage the natural capital approach to drive investment from capital markets towards better management of assets? Join authors of the Natural Capital Protocol from S&P Global (Trucost) and eftec for a workshop that explores the trends in regulation and market-based...

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Events Regional Roundtable for Sustaianble Finance in Asia Pacific 5-6th June – Shanghai

UNEP FI’s Roundtable is part of UN Environment’s 2019 World Environment Day celebrations hosted by China, under the theme “Air Pollution

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Events Measuring Portfolio Level SDG Impact – World Impact Investing Forum – London 24th & 25th April

The World Impact investing Forum will take place in London on the 24th & 25th April Chris Perceval – Director, Head of Business Development EMEA at Trucost will be speaking at this event on ‘Measuring Portfolio Level SDG Impact’ For more info or details on how to register please click here 

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