OREANDA-NEWS. February 17, 2011. At the China Low Carbon Economy Forum held earlier, ICBC was awarded the "China Low Carbon Pioneer Bank" in recognition of the Bank's outstanding contribution in green loan program. ICBC was also invited to the dialogue on the low carbon economy development and presented the Bank's achievement in extending loans to green companies, and the experience and practices in supporting low carbon economy, reported the press-centre of ICBC.

Now in its second year, the China Low Carbon Economy Forum is sponsored by Financial Times, China Environment News, finance.sina, World Alliance for Decentralized Energy Foundation and Beijing Finance & Consulting Co., Ltd. The Forum aims to study and forecast the progress of low carbon economy in China and around the world, bring closer communication between the industry and financial sector and push the development of China's low carbon economy. "China Low Carbon Pioneer Bank" is an award to recognize banks with outstanding contribution to the progress of low carbon economy. This is the second time that ICBC was conferred with the honor by the Forum subsequent to the "The New Low Carbon Bank in China" last year.

In the last few years ICBC moves forward to "green credit" market by embracing energy-saving, eco-friendly "Green Bank" in a coordinated and scientific fashion. "Green" loans were released to eco-friendly companies to support their green low carbon operation policy. ICBC reduces its businesses carbon emission while lowering its operation cost at the same time. ICBC as a large commercial bank carries out its social responsibility to support and care for the ecological environment protection. Winning the award bear testimony to ICBC's excellence in "Green Credit" from the experts, media and society.