Recently, the leading domestic financial technology company, Financial One Account Financial Technology Co., Ltd. (hereinafter referred to as "Financial One Account"), officially released the 2023 Environmental, Social and Governance Report.
The report shows that in terms of social responsibility, Financial One Account fully leverages the innovative application of technology in financial related fields and scenarios, empowers green development concepts through technology, and creates a comprehensive carbon emission data management platform to empower multiple enterprises to achieve digital green transformation. In addition to empowering industries to build a sustainable development ecosystem, Financial One Account is also committed to its own sustainable development, deeply exploring the green needs in various business scenarios, working together with industry chain partners to address climate change through practical actions, leveraging the advantages of financial technology, and promoting economic and social green transformation.
Shen Chongfeng, Chairman and CEO of Financial One Account, stated that Financial One Account will actively respond to the development needs of green finance in financial institutions, and is committed to using the power of financial technology to promote the development of inclusive finance and green finance, while achieving continuous innovation and digital transformation of business.
At present, Financial One Account has collaborated with departments and companies such as the General Administration of Customs Tianjin Port, China Securities Regulatory Commission, China Insurance Depository and Clearing Corporation, Shenzhen Stock Exchange, Hong Kong Stock Exchange, Guangdong Financial Management Bureau, Hainan Financial Management Bureau, and China Merchants Group to create a series of financial "new infrastructure" projects.
In terms of technological empowerment, in November 2023, Financial One Account promoted the launch of a new electronic one-stop IPO settlement platform created by the Hong Kong Stock Exchange. This platform is based on new digital end-to-end technology, helping the Hong Kong Stock Exchange further shorten the efficiency of new stock issuance from the original T+5 to T+2. Through technological empowerment, it helps the Hong Kong Stock Exchange better improve efficiency, enhance services, reduce costs and risks.
Shen Chongfeng stated that in 2023, Financial One Account called on all employees to participate in the action of practicing green development by promoting energy conservation, emission reduction, and energy consumption reduction. For example, building a green supply chain with the institutionalization of green procurement as a guarantee; To reduce energy consumption with the direction of online daily office and low-carbon operation development; Based on information technology, carry out intelligent energy-saving transformation and deepen green empowerment; By diversifying promotional forms and normalizing low-carbon education, we aim to create a green culture.
The ESG report shows that Financial One Account focuses on the environmental, economic, and social impacts of climate change, attaches great importance to the governance of climate related risks and opportunities, and takes effective measures to support the company's green development by developing plans to identify and evaluate climate related risks and opportunities. One is to establish a climate related risk monitoring system, set specific goals and incorporate them into the agenda and annual work plan of the board of directors; The second is to improve the relevant evaluation and review system, evaluate and manage the progress of climate related goals determined by the board of directors, and report to the board of directors; The third is to establish an ESG supervision committee to continuously improve and standardize the management of climate related risks, guide and supervise various functional departments and business lines to carry out specific work. Next, Financial One Account will set internal carbon emission targets and corresponding carbon reduction plans against the overall level of greenhouse gas emissions in the industry. (Economic Daily reporter Peng Jiang)