Bank of East Asia : BEA Signs MoU with HKQAA on Green Collaborations

For Immediate Release

BEA Signs MoU with HKQAA on Green Collaborations

Hong Kong, 15th October, 2021 - The Bank of East Asia, Limited ("BEA" or "the Bank") is pleased to announce that it has signed a Memorandum of Understanding ("MoU") with the Hong Kong Quality Assurance Agency ("HKQAA"), to promote green proliferations and further extend the scopes of their green collaborations.

Speaking at the MoU signing ceremony, Mr Adrian Li, Co-Chief Executive of the Bank, said "The Bank has made it a priority to facilitate the transition to a low-carbon economy by providing green finance products and services. We tasked ourselves with elevating our environmental, social and governance performance, and have begun incorporating it into our wider, long-term strategic direction. The Bank has also made positive environmental impacts through financing."

Under the MoU, BEA and HKQAA will cooperate to promote green and sustainable finance and related business. In particular, HKQAA provides green finance and related certification and assessment services, including the SME loan project greenness classification online evaluation tool. Meanwhile, BEA develops suitable business programmes to encourage clients to engage in green and sustainable finance-related certification and assessment services provided by HKQAA.

BEA has set a range of environmental and social goals that are managed by the Bank's robust ESG governance structure that includes a Board-level ESG Committee. Driving the development of green finance and responsible investment are among the Bank's ESG priorities. BEA has extended financing to a number of loans, and has expanded its ESG investment portfolio of green, social bonds and sustainability bonds. The Bank also works with staff to minimise the impact of its operations on the environment.

As a reflection of its commitment to sustainable development, BEA is one of four banks selected as a constituent of the Hang Seng Corporate Sustainability Benchmark Index.

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About The Bank of East Asia, Limited

Incorporated in 1918, The Bank of East Asia, Limited ("BEA") is a leading Hong Kong- based financial services group listed on The Stock Exchange of Hong Kong, with total consolidated assets of HK$900.5 billion (US$116.0 billion) as of 30th June, 2021.

BEA provides a comprehensive range of corporate banking, personal banking, wealth management, and investment services to customers through an extensive network of about 160 outlets covering Hong Kong, the rest of Greater China, Southeast Asia, the United Kingdom, and the United States. For more information, please visit www.hkbea.com.

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Mr Adrian Li, Co-Chief Executive of BEA (left) and Dr Michael P H Lam, Chief Executive Officer of HKQAA (right) jointly promote green proliferations and further extend the scopes of their green collaborations.

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