Su Bingwu

Xi'an FanYi University

Abstract：

Global climate change has led to frequent extreme events, posing great dangers to the human ecosystem and causing significant impacts on the economic system, increasing financial risks and pressure on fiscal revenue and expenditure. With the aggravation of global climate impact and the deepening promotion of sustainable development concepts, ESG information disclosure and environmental and climate information disclosure have become the focus of attention of banking industry, investors, regulators and the public. It is crucial for improving bank transparency and responsibility, promoting bank risk management and compliance, helping investors make investment decisions, and promoting sustainable financial development and green economic transformation. The ESG concept is popular worldwide and can provide a scientific framework for integrating environmental information for the banking industry. Based on China's reality and from the perspective of bank supervision, this paper explores the research and construction of a set of environmental information disclosure standards for financial institutions under the ESG framework, which are in line with international standards and have Chinese characteristics. It provides theoretical support and practical guidance for promoting the development of green finance in China. This paper will propose effective suggestions on banking information disclosure and transformation financial disclosure from aspects of legal framework, information disclosure standards, and information feedback mechanism in combination with climate risks. 

Key Words：

green finance; climate risk; transformation finance; ESG; environmental information disclosure system; transformational finance