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Huawei’s Meng Wanzhou vows closer partnership with China’s financial institutions to give green finance a push
- The US sanctions-hit company aims to help financial institutions cut their emissions and come up with green-finance products
- Meng, who spent nearly three years detained in Canada on US fraud charges, touted tech for data-centre efficiency and cooling during a forum on Monday
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Huawei Technologies, the US sanctions-hit telecommunications technology giant, has vowed to collaborate with heavyweights in China’s financial sector to give green finance a push and help the nation reach its climate goals, according to its deputy chairwoman.
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The Shenzhen-based company has deployed its products in various Chinese financial institutions to help them cut the carbon footprint of their operations and also aims to help such institutions come up with financial products that have environmental benefits, said Meng Wanzhou.
“Huawei endeavours to become an enabler of green finance,” Meng, who is also the company’s CFO, said on Monday. “We very much look forward to working with more financial institutions to create green-finance products.”
Huawei and its partners have been providing solutions for energy consumption and carbon footprint calculations, Meng said at a forum on technology and finance for sustainable development on the sidelines of the China International Import Expo in Shanghai.
For example, Shanghai-based Bank of Communications has used Huawei’s energy-management solutions at its data centres, cutting their energy consumption by half, she said.
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