Zheng Quan Shi Bao·2025-07-23 18:43Core Viewpoint - The article highlights the increasing importance of green finance under the "dual carbon" goals, emphasizing the role of Dongfang Securities in promoting green investment, financing, and carbon finance initiatives [1][2][3]. Green Finance Development - Dongfang Securities has been actively expanding its green finance business, focusing on green investment, financing, carbon finance, and research, positioning itself as a pioneer in the ESG (Environmental, Social, and Governance) sector [1][2]. - The company has underwritten nearly 50 green bonds, raising approximately 200 billion yuan for various enterprises, including green corporate bonds and green asset securitization products [2][3]. Green Bond Innovation - The issuance of China's first green bond supporting sustainable aviation fuel (SAF) by Henan Civil Aviation Development Investment Group marks a significant breakthrough in financing low-carbon industries [2]. - Dongfang Securities played a crucial role as the exclusive green structuring advisor and global coordinator for this bond, showcasing its commitment to innovative green financing solutions [2]. Carbon Finance Initiatives - Dongfang Securities has established a distinctive path in the carbon trading market, becoming one of the few licensed brokerages to participate in carbon emissions trading [4]. - The company has successfully executed multiple carbon quota transactions and is actively exploring "electric-carbon-finance" cooperation models to enhance its carbon finance offerings [4][5]. ESG Leadership - Dongfang Securities has set a benchmark in the industry by being the first to publish net-zero emissions targets and sustainable finance quantitative indicators, achieving an AA rating from MSCI in ESG ratings [9][10]. - The company has integrated ESG risk management into its financial operations, establishing a sustainable development governance framework to guide responsible investment practices [9][10]. Challenges and Strategic Initiatives - The company faces challenges in the nascent green finance market, including the need for improved policies and standards, as well as the long-term nature of low-carbon products [7]. - To address these challenges, Dongfang Securities has formed a green finance working group and established a green finance research institute to drive innovation and strategic planning in this area [7][8].