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ICBC (Europe) S.A. Launches the Pioneering Overseas ESG & Sustainable Finance Risk Management System
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Industrial and Commercial Bank of China (Europe) S.A. (the “ICBC (Europe) S.A.”) unveils the GAIA Project, its groundbreaking Environmental, Social and Governance (ESG) & sustainable finance risk management system. The innovative initiative marks a significant milestone in ICBC’s dedication to green finance development targets and collaboration with a global leading data provider.
The GAIA Project leverages advanced data analytics and machine learning technology to provide comprehensive ESG insights and metrics. Designed to meet the growing demand for sustainable finance solutions, it enables seven institutions in the European Union – including ICBC (Europe) S.A., headquarters and its six branches – to digitalize climate-related and environmental risk assessment and automate regulatory disclosure.
The key features include: comprehensive ESG data integration from internal and external data sources, with 147 environmental data points dedicated to outstanding loan amounts. Also, Business Intelligence (BI) data visualization technologies support intelligent monitoring operations. Meanwhile, the GAIA Project serves as a unified platform, ensuring coherence, standardization and compatibility across ICBC (Europe) S.A. headquarters and its branches.
Through the GAIA Project, ICBC (Europe) S.A. reaffirms its commitment to low-carbon transformation and sustainable finance. By empowering overseas institutions with innovative technologies and comprehensive ESG insights, ICBC (Europe) S.A. aims to drive positive environmental and social impact while meeting local regulatory requirements and carbon neutrality target.
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