50057 - Haier Leasing Sustainability

Who We Are
Who We Are

IFC is the largest global development institution focused on the private sector in developing countries. By encouraging growth, IFC advances economic development, creates jobs and improves the lives of people.
More About Us
About IFC

Our Leadership

Development Partners
Accountability

Learn more about accountability
Annual Report

Download the Report
What We Do
What We Do

IFC advances economic development and improves the lives of people by encouraging the growth of the private sector in developing countries. We achieve this by investing in impactful projects, mobilizing other investors, and sharing expertise.
What We Do Overview
SOLUTIONS

Our products and services
OUR PRIORITIES

Climate Business

Fragile & Conflict Afflicted Situations

Gender

Mobilizing Private Capital

Sustainability
SECTORS & EXPERTISE

Agribusiness & Forestry

Creative Industries

Education

Financial Institutions

Funds

Health

Infrastructure

Manufacturing

Public-Private Partnerships

Tourism, Retail & Property

Trade & Supply Chain Finance

Venture Capital

Working Upstream
Where We Work
Where We Work

As the largest global development institution focused on the private sector, IFC operates in more than 100 countries around the globe. We apply lessons learned in one region to solve problems in another.
Overview
By Region

Africa

East Asia and Pacific

Europe

Latin America and the Caribbean

Middle East and Central Asia

South Asia
Our Impact
Our Impact

Our impact improves lives. IFC brings a clear set of advantages to the world’s most challenging markets. Including a history of innovation, a global mandate, and a determination to achieve measurable development impact.
Our Impact Overview
PRINCIPLES & MEASUREMENT

Impact Investing at IFC

Measuring and Monitoring (AIMM)

Evaluation

Sustainable Development Goals (SDGs)

Owned by 186 member countries and consistently rated AAA/Aaa. IFC aims to achieve our mission of promoting development by providing debt and equity to the private sector, through a range of benchmark and bespoke products.

For Partners

For Investors

Get in Touch

Summary of Investment Information

Project Number

50057

Company Name

HAIER FINANCIAL SERVICES CO., LTD.

Date SPI Disclosed

Jul 17, 2025

Country

China

Region

East Asia and the Pacific

Projected Board Date

Oct 10, 2025

Environmental Category

FI-2 - Limited

Status

Hold

Last Updated Date

Jun 27, 2026

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Sector

Other Non-Banking Financial Institution (NBFI)

Project Description

The proposed investment is an up to 5-year senior syndicated sustainability loan to Haier Financial Services Co., Ltd. (“Haier Leasing” or “the Company”), an existing IFC client in China. IFC’s support to the Company is aligned with the WBG’s strategic framework, including the evolution roadmap and WBG’s renewed focus on jobs as a pathway to poverty reduction, community empowerment, and economic stability. By helping Haier Leasing grow its sustainable finance portfolios (“the Project”), the proposed investment aims to promote private sector-led job creation in China’s frontier regions, expand financial inclusion for underserved population, mobilize private commercial financing, and support climate-resilient development to promote climate-smart agricultural practices, reduce greenhouse gas emissions and energy consumption. The proposed investment comprises (i) IFC A loan of up to US$100 million equivalent, and (ii) IFC syndicated loan of up to US$100 million equivalent. 50% of the proposed IFC investment will be used to help Haier Leasing grow its social finance portfolio, especially women-led enterprises, in frontier regions in China to support job creation. The remaining 50% of the proposed IFC investment is earmarked for climate finance. The proposed investment will be aligned with the Social Loan Principles (SLP) and Green Loan Principles (GLP) of the Loan Market Association (LMA) to ensure transparency in the use of proceeds, monitoring, and reporting.

Associated Advisory Engagement

IFC Advisory Team will support the Company in (i) based on its Social Bond Framework, developing a Sustainability Finance Framework in line with the relevant international best practices such as SLP/GLP of the LMA and Social Bond Principles (SBP)/ Green Bond Principles (GBP) of the International Capital Market Association, (ii) providing technical advice to support the client to implement the Framework. (iii) conducting a baseline assessment of eligible activities, (iv) identifying eligible climate finance projects, with a particular focus on methane abatement measures, biodiversity finance, circular economy, and (iv) enhancing its Environmental and Social Management System (ESMS) and impact management system.

Sponsor / Cost / Location

IFC's loan to the financial institution described in this SII is targeted for on-lending to the following sector(s):

Product Type	Use of Proceeds
Straight Senior Loan	Long Term Loans to Corporates
Straight Senior Loan	Loans to SME Borrowers
Straight Senior Loan	Loans to Woman-Owned SMEs

IFC's Definitions of Targeted Sectors can be found here.

Development Impact

The most significant Project-level outcome is increased access to social finance, such as women-led enterprises, SMEs and essential social infrastructure for education and healthcare, in frontier regions of China to deepen inclusion and support job creation. In addition, the proposed investment will enhance access to climate finance, fostering climate-smart agriculture and climate-resilient development. Beyond the Project-level outcomes, IFC anticipates that the Project will mobilize private investment and promote greater sustainability through establishment of a Sustainability Finance Framework.

IFC's additionality in the proposed investment is both financial and non-financial and will be provided through (i) longer-term funding than is available in the market; (ii) resource mobilization as the syndication arranger and lead investor, and (iii) knowledge sharing, innovation, and capacity building. IFC will anchor the Company’s first sustainability loan, and this will be IFC’s second sustainability loan to an FI in China. IFC's advisory engagement will also help establish a sustainable finance framework and enhance the Company’s ESMS, improving capacity in social and climate finance, project monitoring, and impact reporting.

Indicator	Metrics	Comments	Calendar Year 2022	Calendar Year 2023	Calendar Year 2024
Number of Outstanding Loans	loans	The indicator measures the Number of outstanding social leases in frontier regions of China - not to all outstanding loans.	Not Available	Not Available	Not Available
Number of Outstanding Loans, Climate	number		Not Available	Not Available	Not Available
Share of Climate Finance Loan Portfolio	%		Not Available	Not Available	Not Available
SME share of total loan portfolio	%	The indicator measures the outstanding leases in frontier regions of China as a percentage of total lease portfolio - not limited to SMEs	Not Available	Not Available	Not Available
Value of Outstanding Loans, Climate	$		Not Available	Not Available	Not Available
Volume of outstanding social finance to MSMEs	USDMill	The indicator measures the Vol of outstanding social leases in frontier regions of China - not limited to MSMEs.	Not Available	Not Available	Not Available

E&S Category Rationale / Risks and Mitigation

The proposed Project entails a sustainability loan to Haier Leasing to expand its climate finance and social finance in line with LMA’s Green Loan and Social Loan Principles, respectively. The activities or sub-projects supported by the Project are expected to be of moderate E&S risks. Higher E&S risk activities including those involving (a) involuntary resettlement, (b) risk of adverse impacts on indigenous peoples, (c) significant risks to or impacts on the environment, community health and safety, biodiversity, cultural heritage, (d) risk of retrenchment, or (e) significant occupational health and safety risks, will not be eligible for financing from the proceeds of the IFC investment. Coal-related activities including coal mining, coal transportation or coal-fired power plants, as well as infrastructure services exclusively dedicated to support any of these activities, will not be supported by this Project either. The Project has been categorized as FI-2 according to IFC Sustainability Policy. The Applicable E&S Performance Requirements of the Project include the IFC FI Exclusion List, the national E&S laws and regulations, and screening out sub-projects of higher E&S risks as mentioned above.

The E&S risks and impacts of the proposed Project, while moderate in nature as described above, may arise from the activities of the leasing clients supported by the Project in sectors such as healthcare, education, food and agriculture, manufacturing, and waste management. They may include risks and impacts related to occupational health & safety, labor and working conditions, pollution management, and others. Such risks are expected to be few in number, generally site-specific, largely reversible, and readily addressed through proper mitigation measures.

Haier Leasing has developed an E&S management system (ESMS) for its financing activities supported by an existing IFC social bond investment and has appointed an ESMS officer to oversee the ESMS implementation. The ESMS includes the following key aspects: E&S policy, internal organizational capacity and competency development, E&S screening procedures and tools to identify the risks and impacts of client activities, portfolio monitoring, and review of ESMS implementation. For this new Project, Haier Leasing will be required to develop additional E&S screening tools and apply the ESMS to sub-projects (e.g., climate finance activities) supported by this Project. It will be also required to maintain proper capacity to implement the ESMS, including training relevant staff in conducting E&S screening, assessing and monitoring of activities in accordance with the applicable E&S performance requirements. Haier Leasing’s HR practices are in line with the requirements of IFC Performance Standard 2: Labor and Working Conditions.

S.no	Title	Anticipated Completion Date
1	Upgrade environmental and social management system (ESMS)	12/31/2025
2	Conduct staff training for the ESMS implementation	12/31/2025
3	Retain a qualified E&S consultant	12/31/2025

Contacts

For Inquiries About the Project, Contact

Haier Financial Services Co., Ltd.
Mr. Baoquan CHEN
CFO
+86 (21) 80256000
baoquan.chen@haierfinancial.com
20F, Building B, No. 1168 Century Avenue, Pudong New District, Shanghai, China
www.haierfinancial.com

For Inquiries and Comments About IFC, Contact

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

IFC supports its clients in addressing environmental and social issues arising from their business activities by requiring its real sector clients to set up and administer appropriate grievance mechanisms and/or procedures to address complaints from Affected Communities in relation to environmental and social issues arising from IFC's clients' business activities. Since 2012, IFC's Financial Intermediary clients applying the Performance Standards are required to develop External Communications Mechanisms to receive and review inquiries or complaints from any interested party regarding the E&S risks and impacts of their operations.

For IFC projects that are active or under consideration, individual(s), or their authorized representative(s), who allege they have been or will be adversely affected by E&S risks or impacts arising from IFC's clients' business activities, may submit a complaint to IFC directly for consideration. When receiving an E&S complaint, IFC engages with complainants and works with its clients to find solutions to E&S concerns as quickly and efficiently as possible.

Complaints can be submitted to IFC online at www.ifc.org/escomplaints or by email to EScomplaints@ifc.org.

IFC complaint response is separate from and complementary to IFC’s clients’ project level grievance mechanisms and IFC’s Independent Accountability Mechanism (CAO). Lodging a complaint directly with IFC does not, at any time, restrict access to CAO.

Affected communities have unrestricted access to the Compliance Advisor Ombudsman (CAO), the independent accountability mechanism for IFC and MIGA. CAO facilitates the resolution of complaints related to IFC and MIGA projects and sub-projects, undertakes reviews of IFC’s and MIGA’s environmental and social compliance, fosters public accountability for their commitments, and enhances the environmental and social performance of IFC and MIGA.

Independent of IFC and MIGA management and reporting directly to the IFC and MIGA Boards of Executive Directors, CAO helps resolve issues raised about the environmental and social impacts of projects through a neutral, collaborative, problem-solving approach via its Dispute Resolution function. It also reviews IFC’s and MIGA’s compliance with environmental and social policies, assesses related harm, and recommends remedial actions through its Compliance function. Additionally, CAO provides advice to IFC, MIGA, and their Boards to enhance environmental and social sustainability performance and minimize the risk of harm.

Complaints may relate to environmental and social harm regarding any aspect of the planning, implementation, or impact of a project or sub-project, and can be made by any individual, group, community, entity, or other party affected or likely to be affected by the environmental or social impacts of an IFC- or MIGA-financed business activity.

Complaints can be submitted by any of the following methods:

Online form: available at https://www.cao-ombudsman.org/
Mail/Hand Delivery to: 2121 Pennsylvania Avenue, NW, Washington, DC 20433, USA
Voice mail: +1 202 458 1973
Email: cao@worldbankgroup.org
SMS, WhatsApp, Telegram, and Signal: +1 202 650 2627

CAO receives and addresses complaints in accordance with the CAO Policy, which can be accessed at: https://www.cao-ombudsman.org/policies-guidelines.

This Summary of Investment Information (SII) is prepared by IFC to disclose a factual summary of the main elements of the potential investment. It also includes findings and recommendations related to environmental and social considerations regarding this potential investment. The purpose of the SII is to enhance the transparency of IFC’s activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the project sponsor. IFC considers that this SII is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed in advance of IFC Board of Directors’ consideration and may be periodically updated thereafter. Board dates are estimates only and this document should not be construed as presuming the outcome of the Board Directors’ decision. The following SII is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

Projects

Summary of Investment Information

Project Description

Associated Advisory Engagement

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation

Similar Projects

Contacts

Projects

Summary of Investment Information

Project Description

Associated Advisory Engagement

Sponsor / Cost / Location

Project Sponsor and Major Shareholders of Project Company

Total Project Cost and Amount and Nature of IFC's Investment

FIG Use of Proceeds/Beneficiaries

Location of Project and Description of Site

Development Impact

Anticipated Impact Measurement & Monitoring (AIMM) Assessment

IFC's Role and Additionality

Development Results

E&S Category Rationale / Risks and Mitigation

Environmental & Social Categorization Rationale / Key Risks & Potential Impacts

Environmental & Social Management System (ESMS)

Mitigation Measures / Environmental & Social Action Plan (ESAP)

Press-Release

Related Environmental Document

Similar Projects

Contacts

Information on E&S Complaints and Grievance Mechanisms

Disclaimer