On
17 May 2024, COSCO SHIPPING
Development Co., Ltd (“COSCO SHIPPING Development”) and Standard Chartered Bank
(China) Limited entered into a cooperation framework agreement on the
transformation of the container industry chain and the sustainable finance with
a signed line of credit of RMB3 billion. The execution of the cooperation
agreement facilitates both parties for enhanced information exchange at the
national, regional and global levels, deepens cooperation in terms of
transformation financing, liquidity and risk management, green and sustainable
development, and promotes high-quality ESG development. As the world’s first financing project for the
transformation of the container industry chain, it empowers accelerated green
and low-carbon transition in different areas of the industry chain through
incorporating the financing scheme of “transformation
finance”, in pursuit of a path towards green and low-carbon
transformation of the container industry chain during daily operations of
container manufacturing, container leasing and other segments. In recent years, guided by the concept of sustainable
development governance and firmly reaffirming the direction of green,
low-carbon, intelligent and technological development, COSCO SHIPPING Development has made value breakthroughs by actively
diversifying green financing channels, fully capitalizing on the value of
eco-friendly development and empowering green transformation and upgrading of key
businesses. COSCO SHIPPING Development will continue to focus on its main
responsibilities and principal businesses, strengthen the empowerment of
technology, innovation and digitalization, promote the concept of green and
low-carbon development on all points, and cooperate with domestic and foreign
partners to move toward a bright future of green, high-quality and sustainable
responsibility. |