“Green Banking” - When Technology Meets Sustainability

According to the World Bank (WB), green credit in developing countries has grown 23% per year over the past decade. In Vietnam, the State Bank of Vietnam has set a target of 50% of total outstanding credit in the entire industry belonging to green credit by 2030. This both creates pressure and opens up great opportunities for banks. If in the past, green credit or “paperless banking” was just an incentive concept, now it is a prerequisite to maintain competitiveness.

Eximbank pioneers in building a "paperless bank" with the "4E" solution group  

In that context, the biggest challenge for financial institutions is to build a long-term strategy to become a pioneer bank in sustainable finance, avoiding the risk of falling behind.

Sustainable finance – the “leverage” that helps businesses go further

The banking industry is witnessing a strong rise in sustainable finance, as a series of countries and international organizations set regulations on environmental and social responsibility. The European Union (EU) has issued the Corporate Sustainability Reporting Directive (CSRD), requiring financial institutions to publicly disclose ESG data. In Vietnam, Circular 17/2018/TT-NHNN of the State Bank of Vietnam encourages credit institutions to develop green credit portfolios, especially for export or international cooperation enterprises. This move clearly affirms that meeting ESG standards is no longer an option but a mandatory condition to maintain global trade relations.

In addition to pressure from the international market, Vietnamese enterprises are also actively taking advantage of opportunities. Enterprises that meet ESG standards can access preferential capital from the Green Climate Fund (GCF) or the Asian Development Bank (ADB), while enhancing their reputation and attracting investors.

According to the Ministry of Industry and Trade , the application of sustainability reporting standards and ESG disclosure comes from the urgent need of the world, requiring transparency. Enterprises need to prepare now to seize opportunities and create new values.

Eximbank pioneers with the “4E” solution group

In the context of sustainable finance becoming an inevitable trend, Eximbank positions itself not only as a commercial bank, but also as a strategic partner accompanying businesses on the green transformation journey. With the strategy of "towards green banking", Eximbank implements many practical initiatives - from developing green credit to comprehensive digitalization to reduce environmental impact.

The most prominent effort is the “paperless banking” model, a strategic step in promoting sustainable finance. Instead of traditional paperwork, Eximbank applies a digital approval system, helping to speed up transactions and reduce resource waste. Solutions such as eOffice, eContract, eForm and eCard are deployed synchronously, creating an efficient and environmentally friendly working environment. In addition, digital signature and eKYC help customers make transactions quickly and securely without having to go to the counter.

Eximbank promotes green credit financing, prioritizing capital for businesses implementing renewable energy and organic agriculture projects.

In addition to improving operational processes, the bank also promotes green credit financing, prioritizing capital for businesses implementing renewable energy projects, organic agriculture and sustainable production. At the same time, Eximbank encourages customers to use digital banking services and limit cash transactions to reduce carbon emissions from printing and transporting money.

Sustainable finance is no longer a slogan, but is becoming a measure of financial institutions’ contributions to society. As the green banking trend spreads, pioneers like Eximbank will play a key role in promoting industry-wide transformation, contributing to creating a more transparent, efficient and sustainable economy.

Source: https://baodautu.vn/ngan-hang-xanh---khi-cong-nghe-gap-go-su-ben-vung-d268923.html