How does green finance drive the highquality development of commercial banks?

Abstract

In the context of China’s “dual carbon” goals, green finance has entered a stage of rapid and comprehensive development. To further guide the banking and insurance industries in this transformation, the regulatory commission issued the Implementation Plan for the Highquality Development of Green Finance in the Banking and Insurance Industry, which provides both policy direction and implementation pathways for commercial banks. Taking Industrial Bank as a case study, this paper analyzes the multi-dimensional adjustments made in its financial service system during the process of green transformation. The findings suggest that the mechanism through which commercial banks achieve high-quality development in green finance can be summarized in four aspects: leading the overall direction with forward-looking strategies, expanding the customer base and market influence through innovative green financial products, ensuring operational resilience and security with scientific and technological risk control measures, and amplifying long-term value by fostering ecological cooperation with multiple stakeholders. Ultimately, these mechanisms allow commercial banks to realize coordinated growth in economic, environmental, and social benefits, while simultaneously shaping differentiated competitiveness and achieving sustainable development advantages in the financial sector.