Company News
The first ESG Group Standard for China’s Financial Leasing Industry is Officially Released, with JIC Leasing Participating in the Preparation
On July 14th, the group standard entitled "Environmental, Social, and Governance (ESG) Reporting Guidelines for Financial Leasing Enterprises" (hereinafter referred to as the "Guidelines") was approved and implemented by the Chinese Society of Technology Economics. This standard was jointly prepared by the Leasing Committee of the China Association of Enterprises with Foreign Investment Enterprises, China National Institute of Standardization, CCXGF and other industry institutions, along with 59 financial and equity leasing enterprises, one of which was JIC Leasing. It thus becomes the first ESG standard (standard number: T/CSTE 0357-2023) for the financial leasing industry in China, providing a unified and standardized reference basis for ESG information disclosure and management standards in the country’s financial leasing industry.
The Guidelines are based on the characteristics of the financial industry, as well as on China's "peak carbon and carbon neutrality" policy, as well as other related policies on green financing and the current status of financial leasing enterprises. It draws on all ESG-related guidelines, including the GRI "Sustainability Reporting Guidelines", "Climate Related Information Disclosure Framework", and the ISO 26000 "Guidance on social responsibility" document, while also focusing on the development of such standards as the "Guidelines for Environmental Information Disclosure by Financial Institutions" (JR/T0227-2021). The "Guidelines" clarify the principles, processes, required disclosures, and ESG management system framework for the preparation of ESG reports by financial leasing enterprises. They also disclose the characteristics and issues of green leasing, inclusive leasing, and risk control compliance for leasing enterprises. The content is standardized, comprehensive, and scientifically rigorous, covering all relevant ESG disclosure content for the financial leasing industry. In this way, the Guidelines will be able to guide financial leasing enterprises to improve their ESG management levels, promote the development of green and low-carbon industries, and assist in the development of the real economy.