Green Finance and Low-carbon Sustainable Development -- from the Perspective of Commercial Bank Management

Abstract

Low-carbon and green development is an significant part of sustainable development. In the context of sustainable development, commercial banks, as a major social body, have derived a variety of financial products by strengthening green management. According to the Organization for Economic Cooperation and Development (OECD), green finance is a service that reduces pollution and greenhouse gas emissions in environmental protection, improves the efficiency of natural resource utilization and reduces resource waste while achieving economic growth. Green finance is a business activity corresponding to commercial banks and a concrete manifestation of green development in the financial field. Faced with the challenge of reducing carbon emissions, commercial banks have accelerated the transformation and upgrading of business concepts and developed into green industries. The basic nature of a bank is to provide reliable services and obtain corresponding profits by providing financial products and services to responsible entities. At this stage, banks have accelerated development of green financial products, forming different forms of green credit, green bonds and other content. Meanwhile, commercial banks are also facing many challenges and problems in this context.