ESG Trends
【Privacy & Data Security】Cutting-edge Sustainable Technologies – Design of ESG Rating System May 2023
- Source：China Citic Bank
- Release time：2023-08-21
By actively strengthening technology research and applications, CITIC Bank provides core technical support to coordinate and promote the development of its sustainable and green finance businesses. The ESG rating and carbon rating system independently developed by CITIC Bank has realized the whole-process management from model algorithm to indicator rating. Among others, the rating indicator system has been designed and optimized by reference to external rating concerns and the realities of CITIC Bank. The rating indicators are of a four-layer structure, with more than 200 underlying indicators, and can be classified into national, provincial, municipal, corporate, SME and personal evaluation indicators by different evaluation objects, including some evaluation and adjustment indicators that are updated at a high frequency. These rating indicators, algorithms, models and data are managed in a fully transparent and intelligent manner, and will integrate cutting-edge digital technologies such as blockchain, privacy computing, metaverse and artificial intelligence. Subsequently, they will be dynamically adjusted and optimized according to the business development of CITIC Bank to better meet the customized needs of its sustainable and green finance businesses.