Green development is the defining feature of high-quality development. Guided by the "Dual Carbon" goals and the "Green Beijing" strategy, BSAM fully leverages its advantages of main business and continuously made exploration in aspects of the construction and operation of green trading platform, green energy technology and service innovation, and green finance to support the real economy, so as to build a closed-loop ecosystem for all green industry segments, which achieved many significant results .
Green Platforms: Optimizing Green Resource Allocation
As the operator of national voluntary GHG emission trading system authorized by the Ministry of Ecology and Environment (MEE), Beijing Green Exchange (BGE) affiliated to BSAM, under MEE and Beijing Ecology Bureau guidance, built the national CCER registry & trading system. It drafted and issued the Rules for Voluntary Greenhouse Gas Emission Reduction Trading and Settlement (Trial) and supporting rules; it constantly improves trading functions to provide the centralized and unified trading and settlement services for CCER, and carries out in-depth research on voluntary carbon markets, which supports the market stability. By the end of May 2025, the national CCER market saw total 1.88 million tonnes traded with a turnover of RMB 157 million, initially demonstrating market-based incentives for green transition of industries and market players.
As a carbon trading platform designated by Beijing Municipal Government, Beijing Green Exchange (BGE) steadily operates the Beijing ETS, and has completed trading services for 11 performance cycles since its launching in 2013. By the end of May, 2025, the cumulative carbon trading volume has reached 111 million tonnes with a turnover of RMB 4.693 billion. BGE constantly improved the trading & settlement system and infrastructure, and fully provide research supports. It also supported Beijing Municipal Bureau of Ecology and Environment to carry out quota auctions for five times, provided price reference for key carbon emission entities with quotas to sell or purchase for compliance, which effectively played the role of market mechanism in controlling GHG emissions and green/low-carbon development.
Responding to national and Beijing policies on equipment renewal and consumer goods trade-ins, BGE, commissioned by Beijing Commerce Bureau, executed the car trade-in subsidy program, carried out policy consultation, application review, fund disbursement and policy publicity, and also built a trading platform and achieved connection with the policy service platform. Since such policy is implemented, it processed over 81,600 scrapping/updating applications (amounted to RMB 1.243 billion subsidies) and nearly 77,500 replacement applications (amounted to RMB 857 million subsidies). Commissioned by Beijing Municipal Ecology and Environment Bureau and Beijing Transport Commission, it also undertaken the works related to the scrapping and renewal policy on old trucks and large- and medium-sized buses with emission standards of national IV and below. In 2024, it processed the replacement applications of 8,568 vehicles and issued subsidies of over RMB 680 million.
Expanding and Upgrading Green Energy: Serving Urban Ecological Governance
BSAM is among Beijing's earliest municipal SOEs in environmental industry. Green Power Group, one of ts affiliates, is a pioneer in urban environmental management, and also the earliest listed group introducing international advanced waste incineration tech for localization, upgrading and redevelopment.
In recent years, Green Power Group vigorously developed the circular economy, and invested some urban waste-recycling projects comprehensively integrating waste collection, storage and transportation, incineration, power generation, heat supply, biogas utilization and slag brick making, which explored a green path of "reduction, resource recovery and harmless treatment". It independently researches and develops the core equipment for waste incineration. With 80 patents and certain emission indicators surpassing EU standards, it truly achieves harmless, reduced, and resource-recovered waste treatment. In 2024, the Group treated 14.3824 million tonnes of domestic waste (i.e., daily capacity exceeding 40,000 tonnes), generated 4.26 billion kWh of on-grid electricity and supplied 563,600 tonnes of steam. Its main indicators increased significantly year-on-year with both large-scale benefits and environmental benefits improved.
The Group constantly strengthen innovation and actively expanded multiple scenarios, such as mobile energy storage & heating and biogas purification; its related projects are increased up to 10 with total amount of heating/steam supply increased by 32.16% year on year in 2024. It won the bid for Wuhan East Lake waste-transfer project which strengthened its regional service capacity. Driven by technological innovation, the Group has completed various R&D tasks for the original tech sources, and further promoted the circular economy. The "digital smart waste incineration tech" of Beijing Sub-Center project cooperated with Alibaba cloud is domestically leading and internationally advanced in application scale, which set a benchmark in enhancing the quality, efficiency and new digital productivity in waste power generation industry; its integrated ultra-low emission tech for waste incineration has been successfully tested in Rushan Green Power Renewable Energy Co., Ltd, at one time with all indicators up to the standard; it signed a strategic cooperation agreement with Googoltech to carry out in-depth cooperation in the intelligent control and environmental project incubation, so as to jointly promote the intelligent waste power generation industry. It actively explores green renewable energy trading and its Changzhou Subsidiary is the first enterprise in China that obtained Green Electricity Certificate and completed trading on the green certificate trading platform. By the end of May 2025, the Group had applied for nearly 580,000 green certificates and sold 340,000, so as to revitalize renewable energy via the market.
Green Finance: Safeguarding Green Productive Forces
As the core enterprises in the financial sector of BSAM, BII and BFRG form a"fund investment+financing guarantee" dual-drive model, supporting the intelligent green transformation of real economy and providing full-cycle finance for green industries. BII co-launched two green industry funds (total RMB 2.582 billion) with ABC Financial Investment and Kunlun Capital. Suihe BII Green Innovation Fund and Kunlun BII Green Venture Fund it managed focus on low-carbon fields such as clean energy and green transportation, investing in projects like State Power Hydrogen, Qiyuan Power, and Qingneng Huanlian; its Beijing High-end Fund invested in nearly 20 green firms like NewHydrogen, Sinoteng Microgrid and Qingda Keyue. Meanwhile, such funds focus on the forward-looking fields like new energy storage and hydrogen-based energy, and invest in a number of enterprises with key technologies; it further facilitate technological innovation in the fields of new energy, energy conservation and so on, and promote China’s green technology to serve the world.
BFRG will continuously increase its financial resource allocation to green sectors, expand and improve the key supports of green finance, and add green segments such as "disaster prevention and mitigation". Since 2025, it supported RMB 2.004 billion in green finance guarantees, benefiting over 540 enterprises. Guohua Guarantee, one of BSAM affiliates, enhances its financial services via digitalization, and strengthens its financing services for green industries; it intensively supports green industries through optimizing the review process and improving the approval efficiency, so as to expand the coverage of Inclusive Finance. Since 2025, it reached RMB 215million in newly-increased green guarantee, which has injected strong impetus into key links, such as technology upgrading, capacity expansion and market expansion. With the resource endowment and technological advantages of the "Beijing Re-Guarantee Digital Platform", Beijing Credit Co. Ltd., one of BSAM affiliates, strives to expand the service channels of green financing; relying on Beijing Green Enterprise Library, it shared a "white list" of over 5,500 green firms with Bank of China. Through bank-guarantee cooperation, it effectively improved the financing efficiency and scale for green enterprises, which significantly promoted the green industry growth.
