COSCO Shipping Development Co., Ltd., a subsidiary of China COSCO Shipping Corporation Limited, has recently signed a framework agreement with Standard Chartered Bank (China) Limited for the full industrial chain transformation of its containers and sustainable financial cooperation.
The agreement includes a credit line of 3 billion yuan. It will help strengthen information exchange at national, regional, and global levels, deepen cooperation in transformation financing, liquidity and risk management, as well as in green and sustainable development, and promote high-quality development in environmental, social, and governance areas for both parties.
As the world's first financial project for the full industrial chain transformation of containers, it aims to identify green and low-carbon transformation paths throughout the container industrial chain, from the daily operations of container manufacturing to leasing. It supports the acceleration of green and low-carbon transformation at every node of the industrial chain.
In recent years, COSCO Shipping Development Co., Ltd. has adhered to sustainable development, focusing on green, low-carbon, intelligent, and technological development. By actively exploring green financing channels, uncovering green development value, and empowering the green transformation and upgrading of core businesses, the company has continuously achieved value breakthroughs.
The company will continue to focus on its primary responsibilities and core businesses, reinforce technological innovation and digital empowerment, and comprehensively promote green and low-carbon development. It will work with domestic and international partners to advance towards a new future of green, high-quality, and responsible sustainability.
(Executive editor: Zhu Zeya)
