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ABC Singapore Branch updates Sustainable Financing Framework in line with international and Chinese standards

In recent years, ABC Singapore Branch commits to promote the development of its green and sustainable finance business and actively serves China’s carbon peaking and carbon neutrality goals.

ABC Singapore Branch has updated the “Sustainable Financing Framework” (the “Framework”), incorporating both latest International and Chinese green and sustainable finance principles and standards. The Framework has been independently reviewed by both Sustainalytics and China Chengxin Green Finance Technology (Beijing) Ltd, respectively.

ABC Singapore Branch is the first Chinese bank in Singapore to develop a sustainable framework that receives dual International and Chinese standard assessments. The Framework would attract more cross-border funds to support the high-quality development of green industries and facilitate future growth of the Branch’s green and sustainable finance business.