Global capital is undergoing a wave of value reconfiguration. Sustainable development has long been a global focal point. Today, with ESG investments surpassing $40 trillion, mastering sustainable financial analysis has become an essential skill for the next generation of business leaders. The ESG Finance Project was proposed and planned by Professor Jing Dai, Director of the Centre for Responsible Business and Innovation (CRBI), and was co-planned and developed by Dr Youzong Xu, Assistant Professor inEconomics at Nottingham University Business School China.
Dr Ying Jiang, Associate Professor in Finance at Nottingham University Business School China, conducted the first offline training session for participants. The training focused on key areas such as ESG evaluation metrics, rating agency comparisons, literature review, and database utilisation, aiming to establish a robust foundation of ESG knowledge. In the second training session of this Summer Student Research Project on ESG Finance, CRBI invited Dr Liang Dong, Assistant Professor in the Department of Public and International Affairs at the School of Energy and Environment, City University of Hong Kong, to deliver an online lecture titled "Carbon Emissions in the Financial Sector: Concepts, Accounting Methods, and Policy Implications". The project mentorsand student research assistants collaborated closely, and after four months of data analysis, they produced a comprehensive research report in Spring 2025. This study estimates two types of investment and financing activities for 19 major banks inChinese mainland. Given the availability of industry carbon emission factor estimation data and in line with the estimation years of other financing carbon emission reports in the industry, this report estimates the financing emissions of commercial loans and residential mortgages for 12 industries in December 2021.
Equipped with cutting-edge knowledge and skills from the training, students are now better prepared to engage in future academic and research endeavors. The project has garnered wide spread acclaim among participating students. Notably, aparticipant has received an offer from international universities for a relevant degree programme, having strengthened the applications through this research initiative. This outcome significantly enhances the project's practical value.
View report: Financial Responsibility in the Climate Crisis: Financed Emissions in China's Banking Sector and Reforms for Green Policies