Nancy Wang, Director, Sustainable Finance at ANZ, said it was clear the financial system in China and globally was evolving rapidly to meet the demands of the planet and people.
“Green financing, energy transition financing and sustainability linked financing are all being explored as [businesses] map out their transition plans and line up the financing required,” she said. “We at ANZ are very proud to be supporting our customers on that transition journey.”
Nancy Wang said as a bank, ANZ had seen an “avalanche” of demand for sustainable finance from Chinese customers in recent times.
She said it was encouraging to see equity and debt markets across the industry rise “to the challenge of allocating capital to sustainable activities and sustainable behaviours”.
“Transaction volume in the debt market is at record highs, with increasing diversity in financing formats in both use of proceeds and sustainability linked,” Nancy Wang said.
You can read more on the release of ANZ Research’s China’s Carbon Neutrality in 2060.