On the occasion when the 54th Earth Day is approaching, China Beijing Green Exchange (CBGEX) has issued the Carbon Neutrality Certificate in organization and operation to PSBC Wealth Management Co., Ltd. (PSBC Wealth Management), which is among the first batch of bank subsidiaries specializing in wealth management. Accordingly, PSBC Wealth Management has become a leading carbon neutral company of its kind certified by an authoritative organization in China, and has thus added a new touch of green to the Earth Day.

The carbon neutrality certificate requires organizations to promote green transformation comprehensively and deeply in daily operations, investment structure and other aspects. In terms of daily operations, PSBC Wealth Management attaches much importance to eco-friendly offices, and has carried out emission reduction actions across the company. In 2022, it started the action of operational carbon neutrality. After carbon emission accounting and verification by professional institutions, it purchased equal amount of CCER (China Certified Emission Reduction) cancellation to offset the emissions, and thereby obtained the carbon neutrality certificate issued by CBGEX. In terms of investment structure, PSBC Wealth Management has also increased its support for green industries such as new energy, ecological and environmental protection, and low-carbon transformation, providing them with diverse financial support through bonds, equity, non-standard investments and other investment methods. At the same time, it has made a series of innovations in review and approval, ESG (Environmental, Social and Governance) methodology, and product system.

Focusing on building a globally-oriented national-level green exchange, CBGEX will constantly strengthen the three core capabilities of carbon pricing, carbon emissions quantification and carbon finance, actively push forward the construction of the national CCER trading center, the public platform of carbon peaking and carbon neutrality management and the infrastructure for green finance, according to CBGEX. It will then empower the green, low-carbon and high-quality development of the country via technology and contribute to building Beijing into a global center for green and sustainable finance.