中诚信绿金市场总监宋天豪注意到，生物多样性金融的关注度正在呈现明显的上升趋势。过去一年，随 着"昆明-蒙特利尔全球生物多样性框架"进入全面执行期，以及中国人民银行牵头制定的《生物多样性 金融目录（试用稿）》的推广，越来越多生物多样性金融的创新案例在全国范围落地，为可持续农业、 可持续林业、可持续渔业等领域提供了资金支持。 2025年底，北京农商银行携手首农食品集团下属子公司北京首农畜牧发展有限公司落地北京市首笔"生 物多样性+可持续发展挂钩"贷款，成为金融赋能现代农业生态转型的典型实践。该笔贷款精准锚定农 业领域"生态保护与可持续生产并重"的核心需求，在资金用途上严格对标《生物多样性金融目录》，专 项支持"有机、绿色等认证农业"项目，助力维护农业生态系统平衡与物种多样性，持续提升农业生产的 生态效益。在机制设计上，该笔贷款设定了科学可量化、可验证的生物多样性保护绩效目标，将贷款利 率与绩效达标情况挂钩，构建起"生态保护有回报、绿色转型有激励"的良性循环，有效引导企业将生态 责任转化为发展动能。 宋天豪表示，我国农业企业生产模式正从传统种养向生态科技升级，融资需求不再局限于简单的购买农 资，而是向绿色和有机农业 ...

● 本报记者 郑萃颖 在"双碳"目标引领下，绿色转型已成为企业高质量发展的必答题。在这场关乎产业升级、环境保护的变 革中，绿色金融从业者正以产品创新为工具、以精准服务为支撑，深入传统转型企业与新兴绿色产业一 线，破解资金痛点、搭建赋能桥梁。从绿色信贷到转型金融支持，他们用实践勾勒出绿色金融精准滴灌 的生动图景。 为支持企业转型升级，北京银行苏州分行积极创新。2025年7月，该行与苏州双碳产业科技投资发展有 限公司联合落地首单碳账户认证服务，为苏州易助能源管理有限公司在苏州市双碳综合服务平台暨苏州 市民营企业ESG服务平台建设了完整的碳账户，并完成碳账户评级报告认证。北京银行苏州分行积极采 纳该评级认证报告作为增信依据，为易助能源提供了1000万元授信支持，并执行了优惠的贷款利率，为 企业降低绿色转型成本。 2025年，北京银行苏州分行帮助江苏中来能源科技开发集团有限公司取得江苏省铝行业首家转型融资主 体认定，并为其提供99090万元转型金融贷款支持，转型资金用于公司产品工艺设备的优化改进、铝制 品表面涂覆工艺研究、延长铝制品使用寿命等。 另外，企业绿色转型项目前期投入较大，尤其是基础设施改造项目，短期收益可能 ...

2025年岁末，面对步入倒计时的全球碳定价规则与新一轮国家自主贡献（NDC）硬核减排目标，以钢 铁、航运等为代表的中国高碳产业，正站在必须全力冲刺的转型赛道上。 这条赛道目标清晰但坡度陡峭，亟需金融提供至关重要的"续航力"与"加速器"；而探寻"赋能"与"突 破"的最优路径，正是金融支持产业转型的核心议题。就此，在近日绿色金融60人论坛举办的"2025绿色 金融北外滩论坛"上，由自然资源保护协会支持的主题对话围绕转型融资供需双方面临的现实风险与挑 战，金融精准服务产业低碳发展的有效路径等议题展开。自然资源保护协会环境法与治理项目主任吴琪 认为，金融需从传统的"资金供给方"升级为深度参与产业变革的"战略协同方"，才能真正助力高碳产业 脱碳转型、并在未来的市场格局中赢得竞争力与发展先机。 转型需求与金融供给结构错配 "未来的碳价不仅将直接传导至钢铁产品中，也将体现在相关金融产品的定价逻辑里。如何有效降碳并 科学管理碳资产，已经成为钢铁企业的必答题。"中国宝武集团欧冶云商绿碳事业部相关负责人表示。 随着全球应对气候变化行动的不断加速，产业转型已直面不可回避的风口浪尖。 国际层面，距离欧盟碳边境调节机制（CBAM） 2 ...

Group 1 - The coking industry is a crucial pillar of Shanxi's economic development and a key sector for low-carbon transformation, with Postal Savings Bank of China (601658) Shanxi Branch actively implementing the national "dual carbon" strategy by providing transformation financial loans to a local coking enterprise, helping the coal coking industry break free from high-carbon constraints [1] - The bank has established a transformation financial development research center in Shanxi to analyze the technical routes, cost-effectiveness, and financing needs for high-carbon industry transformation, providing financial support paths based on research findings [1][2] - A leadership group for transformation finance has been formed, with a differentiated assessment system for loan issuance that rewards transformation financial loans more than ordinary loans, focusing on high-quality enterprises aligned with transformation goals [1] Group 2 - A coking enterprise in Changzhi City, with an annual coke production capacity of 7.24 million tons, faces transformation pressures due to funding and production technology constraints, despite having clear transformation goals [2] - The bank has customized a financing solution based on the enterprise's energy consumption intensity and carbon reduction project plans, linking loan interest rates to "unit product energy consumption intensity" to incentivize carbon reduction and accelerate transformation [2] - The bank has implemented a comprehensive risk management process, including pre-loan material verification, third-party evaluations during the loan approval phase, and post-loan monitoring to prevent "false transformation" risks [2] Group 3 - The Postal Savings Bank of China Shanxi Branch has provided a credit line of 400 million yuan and issued 200 million yuan in transformation financial loans to a coking enterprise, marking the first transformation working capital loan in the coking industry in the banking sector, which is expected to reduce carbon dioxide emissions by 6,055 tons [3]

南方财经记者郭晓洁 21世纪经济报道记者李德尚玉 实习生王泽楠 广州报道 随着绿色金融市场的快速发展，相关的资讯和数据变得越来越丰富。绿色金融周报从宏观视角和机构绿 色金融实践等角度，关注绿色金融领域的最新前沿动态，追踪绿色金融市场的最新趋势，为绿色金融相 关参与方提供决策依据和参考。 1、基础设施REITs清单发布，涵盖多类绿色项目 12月1日，国家发展改革委办公厅印发《基础设施领域不动产投资信托基金（REITs）项目行业范围清 单（2025年版）》。《清单》范围内符合条件的项目应严格按照《国家发展改革委关于全面推动基础设 施领域不动产投资信托基金（REITs）项目常态化发行的通知》（发改投资〔2024〕1014号）等常态化 推荐发行阶段有关政策要求进行申报。各省级发展改革部门、有关中央企业要坚持"优中选优"，严格把 关项目质量，强化风险意识，高质量做好项目申报工作。申报范围包括风电、太阳能发电、水力发电、 天然气发电、生物质发电、核电等清洁能源项目；储能设施项目；清洁低碳、灵活高效的燃煤发电（含 热电联产煤电）项目；城镇污水垃圾处理及资源化利用环境基础设施、固废危废医废处理环境基础设 施、大宗固体废弃物综 ...

Group 1 - Tianjin Rongcheng United Steel Group has transformed from a high-energy consumption and high-emission enterprise to a model for green transformation in Tianjin, utilizing a water purification system for fish farming [1] - The company has improved its "green" level by collecting, purifying, and reusing resources such as wastewater and waste gas in its production process [1] - Tianjin Rural Commercial Bank issued a transformation financial loan of 80 million yuan to the steel group to promote the rational use of residual heat and energy resources [1] Group 2 - As of September this year, the balance of green loans in Tianjin reached 847.8 billion yuan, a 19% increase from the beginning of the year, with an average annual increase of over 100 billion yuan since 2021 [1] - Tianjin has been innovative in green finance, launching transformation financial standards for the chemical industry and becoming one of the first pilot cities for transformation financial standards in the steel industry [1] - The city has also developed standardized processes for green leasing services and established a standardized information platform for green leasing [1] Group 3 - Tianjin's first "biodiversity + sustainable development linked loan" was issued recently, with 10 million yuan allocated for a crab-rice symbiosis project near Qilihai Wetland [2] - The project represents a typical example of biodiversity agriculture in Tianjin, supported by a tailored loan scheme from Weihai Bank [2] - The practice of green finance in Tianjin is attracting a number of green industry projects, enhancing the scale of green industries such as new energy, energy conservation, and ecological agriculture [2]

Core Viewpoint - Nanjing Bank's Q3 2025 report indicates robust growth in key operational metrics, demonstrating resilience and high-quality development amidst a complex external environment, aligning with national and regional development strategies [1] Group 1: Financial Performance - Total assets reached 2.96 trillion yuan, a 14.31% increase from the end of last year [2] - Total liabilities grew to 2.75 trillion yuan, up 14.48% year-on-year [2] - Deposits increased to 1.64 trillion yuan, a 9.65% rise, while loans reached 1.41 trillion yuan, growing by 12.34% [2] - Operating income was 41.949 billion yuan, an 8.79% year-on-year increase, with net interest income at 25.207 billion yuan, up 28.5% [2] - Net profit attributable to shareholders was 18 billion yuan, reflecting an 8.06% increase [2] - Non-performing loan ratio remained stable at 0.83%, with a cost-to-income ratio of 23.27%, down 4.81 percentage points [2] - Provision coverage ratio stood at 313.22%, and core Tier 1 capital adequacy ratio was 9.54%, showing strong capital strength [2] Group 2: Business Segments - The bank focused on three main business segments: corporate finance, retail finance, and financial markets, enhancing its comprehensive financial service capabilities [3] - Corporate finance loans reached 1.07 trillion yuan, with a growth rate exceeding 14.6%, and medium to long-term loans for manufacturing increased by 31.56% [3] - Technology finance loans amounted to 174.28 billion yuan, a 17.5% increase, with various innovative products launched to support enterprises [4] - Inclusive finance served 200,000 small and micro enterprises, with inclusive loan balances growing over 16.1% [4] - Green finance loans increased by 667.7 billion yuan, a growth rate exceeding 33%, with over 5,500 green loan clients [5] - Retail financial assets reached 968.7 billion yuan, a 17.1% increase, with personal deposits growing by 18.6% [6] Group 3: Market Recognition and Shareholder Support - Major shareholders, including Nanjing High-Tech and Zijin Trust, have increased their stakes, reflecting confidence in the bank's stable operations and future growth [8] - The bank celebrated its 20th anniversary of strategic cooperation with BNP Paribas, signing a new memorandum to deepen collaboration [8] - The bank's high-quality performance has attracted positive evaluations from multiple domestic and international securities firms [9] - A cash dividend of 3.062 yuan per share was announced, totaling 3.7857 billion yuan, representing 30% of the net profit attributable to shareholders [9]

Core Insights - The rapid development of the green finance market is leading to an increase in relevant information and data, with a focus on the latest trends and practices in green finance [1] Group 1: Green Loans - As of the end of Q3 2025, the balance of domestic and foreign currency green loans reached 43.51 trillion yuan, marking a 17.5% increase from the beginning of the year, with an increase of 6.47 trillion yuan in the first three quarters [2] - The breakdown of green loans by purpose shows that infrastructure upgrades, energy low-carbon transition, and ecological protection loans amounted to 19.29 trillion yuan, 8.32 trillion yuan, and 5.01 trillion yuan respectively, with significant increases in each category [2] - Key industries receiving green loans include electricity, heat, gas, and water supply, with a balance of 8.74 trillion yuan, and transportation and storage with 7.91 trillion yuan, both showing substantial growth [2] Group 2: Green Bonds - In the first half of 2025, China ranked first globally in green bond issuance, with a total of 48.3 billion USD, contributing to a global total of 6.2 trillion USD in the GSS+ market [3] - The issuance of GSS+ bonds increased by 17% year-on-year, with green bonds making up 61% of the total, indicating a strong market presence [3] - The issuance of sovereign green bonds in China, including a 6 billion yuan bond for projects like electric vehicles and flood control, highlights the growing role of the renminbi in global green finance [3] Group 3: Green External Debt - Xiamen has initiated a pilot program for green external debt, allowing domestic non-financial enterprises to engage in cross-border financing for green projects, with the first day seeing 1.154 million USD registered [4] - This pilot program aims to enhance the convenience of financing for green projects and attract global financial resources to support China's low-carbon development [4] Group 4: Carbon Pricing - The national carbon market saw a peak price of 55.67 yuan per ton last week, with a closing price reflecting a 4.77% increase from the previous week [5] - Cumulative carbon trading volume from January 1 to October 24, 2025, reached 118.76 million tons, with a total transaction value of approximately 7.79 billion yuan [6] Group 5: Innovative Financial Products - The first "carbon label" linked loan for meat products was issued in Hulunbuir, amounting to 150 million yuan, which incorporates carbon performance into the financing pricing system [7] - A 2.6 million yuan transformation financial loan was issued to a cement company in Suzhou, marking a significant step in local financial institutions supporting the green transition in the building materials sector [8] Group 6: ESG Reporting - The first regional ESG development report for listed companies in Foshan was released, providing insights into governance, disclosure levels, and improvement paths for local enterprises [9] - This report aims to enhance ESG management and disclosure among regional companies, promoting collaboration between local governments and market entities [9]

Core Insights - The rapid development of the green finance market is leading to an increase in relevant information and data, with a focus on the latest trends and practices in green finance [1] Group 1: Green Bond Standards and Mechanisms - The Green Bond Standards Committee has released a notification regarding the connection mechanism between the 2025 Green Finance Support Project Catalog and the 2021 Green Bond Support Project Catalog, allowing existing bonds to continue using the 2021 version while new issuances must adhere to the 2025 version [2] - The notification aims to update the Green Bond Disclosure Guidelines and other supporting mechanisms to promote high-quality development in the green bond market, indicating a step forward in the construction of China's green finance standard system [2] Group 2: Growth in Green Bond Issuance - As of the first half of 2025, there are 1,142 labeled green bonds with a total scale of 19,250.54 billion, and 1,323 green bonds with a scale of 21,864.74 billion, representing year-on-year growth of approximately 17% and 13% respectively [3] - The funds raised are primarily directed towards clean energy, green infrastructure upgrades, and energy conservation, with significant environmental benefits including an expected annual reduction of 141 million tons of CO2 emissions [3] Group 3: Carbon Market Performance - The national carbon market saw a maximum price of 59.30 yuan/ton last week, with a closing price increase of 0.45% compared to the previous week [4] - The total transaction volume of carbon emission allowances reached 1,221,263 tons last week, with a total transaction value of 67,860,590.40 yuan [5] Group 4: Innovative Green Financing Practices - Jiangsu Province has successfully implemented its first transition financial syndicate loan for the non-ferrous industry, amounting to 61.57 million yuan, which includes a performance incentive mechanism linked to carbon reduction [8] - Fujian Province has launched its first ESG-linked commercial factoring loan, promoting circular economy and green transformation through a market-driven mechanism [8] - Tianjin has introduced its first "transition finance + carbon footprint" dual-certified loan, which links interest rates to carbon reduction performance, providing a model for high-carbon industries [8][9] - The first "climate loan" in Tianjin has been issued to support distributed photovoltaic projects, linking loan rates to climate risk assessments [10]

Core Viewpoint - Tianjin Economic-Technological Development Area (TEDA) has been recognized as a national pilot for carbon peak, marking a significant achievement in its green development journey, following its inclusion in the top 50 global sustainable development goal demonstration zones [1][2] Group 1: Carbon Reduction Strategy - TEDA initiated low-carbon economic research in 2009, becoming one of the first development zones to explore sustainable development [2] - The "1+N+X" carbon reduction strategy includes a guiding plan, multiple key areas for collaborative carbon reduction actions, and several key projects to support carbon peak goals [2] - The establishment of a leadership group for carbon peak and carbon neutrality, along with specialized working groups, aims to ensure effective implementation of the green transformation [2] Group 2: Green Industrial Ecosystem - The South Port Industrial Zone in TEDA has implemented innovative projects such as a seawater desalination facility, providing stable water supply for major projects [3] - The zone has developed a "multi-source complementary" green low-carbon energy system, enhancing energy efficiency and reducing emissions [4] - Green finance initiatives, including sustainable loans, have supported the industrial transformation, with green credit reaching nearly 100 billion [4] Group 3: Green Factory Cluster Development - TEDA has established a "green development special fund" and recognized top green enterprises to stimulate emission reduction efforts among companies [5] - Notable projects include a solar power installation at FAW-Volkswagen's North China base, generating 13 million kWh of clean electricity annually [5] - The area has seen the emergence of numerous green low-carbon benchmark enterprises, with a total of 37 national-level green factories and 13 national-level green supply chain management enterprises [6]