China’s “green lending” policy is shaped by a series of laws and regulations issued since 2006 by the China Banking Regulatory Commission (CBRC), the People’s Bank of China and the Ministry of Environmental Protection (formerly State Environmental Protection Administration), and particularly the "Green Credit Guidelines" issued by CBRC on 24 February, 2012. They promote energy conservation, emission reduction, and the elimination of inefficient production through the allocation of loans and credit lines.
In addition to complying with these regulations, WWF recommends to
meet international green lending guidelines and best practices, such as
the “Equator Principles”, a set of environmental and social standards for project financing subscribed by 70 banks worldwide.
We also recommend voluntary sustainability criteria and certification systems in a number of industrial sectors, such as the Forest Stewardship Council (FSC), the Marine Stewardship Council (MSC) and the Roundtable on Sustainable Palm Oil (RSPO).