Tibet's First Green Inclusive Finance Group Standard Released

This article is reprinted from Tibet Daily

Our reporter Baiyi, March 19 (Reporter Liu Feng, Wang Shan, Xie Xiaochun) Recently, the People’s Bank of China Lhasa Branch announced that the “Guidelines for Green and Inclusive Finance Integration Evaluation of Tibet Banking Institutions” (hereinafter referred to as the “Guidelines”), compiled by the Lhasa Branch of the People’s Bank of China, have been officially released with the approval of the Tibet Autonomous Region Financial Society. This marks the successful implementation of the region’s first group standard that integrates green finance and inclusive finance, filling the gap in the evaluation system for the integrated development of the banking industry in the region.

The “Guidelines” establish an evaluation framework of “mainly quantitative, supplemented by qualitative, and encouraging innovation,” with three major categories, 11 primary indicators, and over 30 secondary indicators. Quantitative indicators cover five dimensions: total business volume, market share, growth rate, risk control, and support for key areas, ensuring objective evaluation; qualitative indicators focus on strategic planning and institutional development, including frontier fields such as biodiversity finance and carbon finance; additionally, innovative indicators are added to encourage institutions to explore product and service design and enhance environmental benefits.

As the birthplace and “test field” of the standards, Lhasa will take the lead in pilot projects, testing and optimizing the standards through practical application, striving to create a replicable and promotable model of “green and inclusive finance integration.”