(Yicai Global) Oct. 27 -- The development of green finance has become an important measure to promote environmental protection.
At the core of construction of an international financial center in Shanghai, Lujiazui Financial City has positively explored and innovated to promote the rise of green finance.
This year's Roundtable Meeting of the Lujiazui Green Finance Committee convened at the Shanghai Center today with its theme 'exploring green information disclosure and green responsible investment practices.' Over 200 participants from home and abroad are attending this meeting, including guests from China Gezhouba Group Co [SHA:600068], Shanghai Stock Exchange, Bank of Communications Co. [HK:3328; SHA:601328], Shanghai Center, Shanghai Pudong Development Bank, Lujiazui Group, HSBC China, Zhongrong International Trust, World Wildlife Fund, the British Consulate General in Shanghai, the Department for International Trade of UK, the United Nations' Principles for Responsible Investment and other major institutions.
The Green Finance Special Committee of Lujiazui Financial City Council has jointly issued its Initiative on Voluntary Disclosure of Green Information and the Initiative on Principles of Green ResponsibleInvestment. With the introduction and promotion of internationally-advanced development concepts and investment measures, the meeting is calling for a transparent, sustainable and well-managed green financial ecological system to achieve harmony and unity of economic development and environmental protection.
The Green Finance Committee of Lujiazui Financial City Council also signed a memorandum of cooperation at the meeting with World Wildlife Fund, China International Trust Co. and Shanghai Low-Carbon Technology and Industry Development Association. They will further cooperate in finance-backed water resource protection, innovated green trust products, low-carbon finance, and low-carbon social development, providing support for an ecological civilization, industrial restructuring and the green economy.