Company News
JIC Leasing: Supporting “Priorities of China” and the Dual-carbon Strategy
April 22, 2023, marked the 54th anniversary of Earth Day, and this year’s theme was “Earth for All”. It is important to accelerate the green transformation of development modes and promote green and low-carbon economic and social development in order to achieve high-quality development. In the past few years, China has been committed to the path of green development. It has formulated a series of policies and action plans, and the provinces and municipalities have successively released their respective dual-carbon implementation plans. The “multiple pillars” of dual-carbon work have been well defined. Internationally, China has taken practical actions to join the international community’s efforts to address climate change and push for the conclusion and acceleration of the implementation of the Paris Agreement. Furthermore, it made a dual-carbon commitment and actively announced the support of green and low-carbon energy development in developing countries. It has played an irreplaceable role in promoting the practice of global climate governance.
JIC Leasing achieves its objectives as a financial enterprise, strengthens the top-level design of green development, and considers green and low-carbon businesses to be one of its major strategic business segments. Focusing on clean energy, low-carbon transportation, energy conservation, and environmental protection, continuous efforts have been made to introduce innovative business models, support traditional enterprises in energy conservation and carbon reduction transformation, accelerate the development of new energy vehicles, promote pollution prevention and transformation, and facilitate the green and low-carbon transformation of the real economy.
In 2022, JIC Leasing invested more than RMB 3 billion in clean energy, energy conservation, and environmental protection and was rated as a Ge-1 green entity by CCX, placing it among China’s top 20 financial leasing companies with the highest green entity rating.
We Are Taking Actions
Improvement of ecological environment
Even though water covers 70% of the Earth's surface, only 2.5% of the fresh water resources can be used by mankind. The quality and quantity of natural water resources on Earth have been destroyed and seriously wasted due to the increase in the global population. There is a growing and severe mismatch between supply and demand for global water resources, as 3 out of 10 people have no access to safe drinking water. China is one of the 13 countries with the worst water resources in the world, with a per capita water resource quantity less than 1/3 of the world’s average level. Therefore, it is crucial to consider the ecology of water.
JIC Leasing supports the construction of green water sources, pollution control in coal mining subsidence areas, regional ecological restoration, and water system governance as an active practitioner of the green and environmental development concept. It also helps in building an environmentally friendly society, promotes the sustainable development of ecological and environmental protection industries, and protects a beautiful China through practical means.
Utilization of Clean Energy
The world today is undergoing profound changes that have not been witnessed in a century, as evidenced by intensifying climate change, geopolitical conflicts leading to large fluctuations in energy markets, and high prices of fossil fuels and electricity. Energy security concerns have prompted countries and companies to seek alternatives, and the clean energy transformation is seen as an important green solution to address the climate crisis and energy security.
As part of its commitment to the green development concept, JIC Leasing continues to increase its support for the green, low-carbon, and new energy sectors, provide financial services to help in the realization of the Carbon Neutrality and Peak Carbon goals, and support the sound development of entity enterprises. The clean energy sector is also supported in terms of the construction of clean power stations, the expansion and upgrading of rooftop distributed photovoltaic power stations, the production of photovoltaic modules, and the construction of new energy battery production lines, contributing to the development of ecological harmony in China.
Construction Wastes Turned into Treasures
China’s economic development has attained a new normal as a result of the accelerated urbanization process. The increasing production of construction waste and the prominence of construction waste disposal problems have made simple landfills an inadequate solution. People are increasingly concerned with finding ways to transform waste into treasure, manage and utilize construction waste effectively, and establish a circular economy.
JIC Leasing uses fly ash to turn solid waste into an “urban mineral” resource while at the same time reducing the pollution that fly ash causes to the environment. They hence make every effort to create a virtuous cycle in the industrial chain, achieving a "win-win" situation for the environment and the economy, and promoting sustainable urban development and green transformation.
Transformation of Green Transportation
Traffic congestion and air pollution have had much worse problems over the past ten years as a result of the rapid growth of vehicle sales over the past 10 years. Transportation is now one of the main sources of atmospheric pollutants and greenhouse gas emissions. New energy vehicles can reduce carbon emissions by 15 million tons per year during the in-service phase when compared to traditional fuel vehicles. Promoting the green transformation of the transportation sector is of great significance to achieving Carbon Neutrality and Peak Carbon goals and fighting the battle against pollution.
JIC Leasing will actively grow its green and low-carbon-related business and support the development of new energy vehicles, urban new energy buses, new energy ships, and other transportation segments. In urban new energy public transportation, JIC Leasing has provided financial leasing services to public transportation companies in more than 10 cities, including Jinan, Qingdao, Shijiazhuang, and Guiyang, with a focus on enhancing transportation efficiency and overall energy efficiency and promoting the development of green and low-carbon urban transportation.
The blue sky, the flowing rivers, and the luxuriant trees...
The reproduction of all things on earth
is dependent on our Blue Planet.
None of us is an outsider.
JIC Leasing is ready to join hands with you,
to practice green and low-carbon concepts,
and work as practitioners and advocates of earth protection.