Recently, Fehorizon’s Near-Term Commitment was approved by the Science Based Targets initiative (SBTi).

Fehorizon has always been actively responding to the Paris Agreement—to limit global warming to well below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C. In as early as December 2022, Fehorizon issued its “carbon peaking and carbon neutrality” goals, and promised to achieve whole-value-chain carbon neutrality by 2050, with short-term and medium-term goals and implementation path established by steps and by stages.

In 2024, by complying with SBTi’s Near-Term Standards for Financial Institutions 2.0, Fehorizon adopted scientific, collaborative and responsible methods to reduce carbon emissions: verified scientific carbon goals through modeling with SBTi tools, with relevant requirements integrated into financial leasing business; and issued statements about coal investment and financing and statements about unconventional oil & gas investment and financing, to strengthen the Company’s capability for coping with climate change and fulfill its sustainable development commitment earnestly.

Next, Fehorizon will continue to promote the setting of its scientific carbon goals and accept verification, to ensure that Fehorizon’s Scope 1, Scope 2 and Scope 3 carbon goals fully comply with relevant requirements of SBTi, and actively promote the emission reduction of investment portfolios.

In the future, Fehorizon will report its progress in aspects such as UN’s Principles for Responsible Investment (PRI), Taskforce on Climate-related Financial Disclosures (TCFD) and Taskforce on Nature-related Financial Disclosure (TNFD) framework, insist on the sustainable development idea of “creating shared value and promoting harmonious development”, continue to promote synergistic carbon emission on the value chain level, and strive to achieve comprehensive carbon neutrality as early as possible!