China Construction Bank (CCB) is one of China's Big Four joint-stock commercial banks. As of March 2009, CCB was the second biggest bank in the world, operating a network of over 13,000 branches and sub-branches in 31 provinces around Mainland China and maintaining overseas branches in Hong Kong, Singapore, Frankfurt, Johannesburg, Tokyo and Seoul, as well as representative offices in London, New York and Sydney.
ownership
listed on Hong Kong Stock Exchange, Shanghai Stock Exchange
headquarters
No.25 Finance Street
100032 Beijing, PRC
China
position top 1000 the Banker
In million US$. Ranking according to Tier 1 capital, as per definition Bank of International Settlements (BIS)
The CDP impels organisations to record their carbon footprint in daily activities. Encouraging enterprises to calculate and disclose their carbon impact, this initiative highlights the challenge for financial institutions to determine exactly how much carbon output can be attributed to financing.
Voluntary framework to guide the finance sector in tackling the challenge of climate change. They address the management of operational greenhouse gas (GHG) emissions and provide direction on managing climate change in research activities; asset management; retail banking; insurance & re-insurance; corporate banking; investment banking & markets; project finance.
The EPs are a set of guidelines, based upon the Performance Standards and guidelines from the IFC, the World Bank's private sector lending arm for private banks to asesses and mitigate risks in project finance. Banks use the Principles to guide internal operating procedures for transaction for specific projects. Although the EPs are an important step to raise overall standards of financiers and projects in the developing world, they currently fall short on transparency and governance requirements.
The verification and full publication of company payments and government revenues from oil, gas and mining is supported by the EITI. Financial institutions can participate and encourage resource-rich countries to support the initiative that aims to defeat poverty, corruption and conflict caused by weak transparency and accountability.
As the name suggests, the GRI aims to standardise good practice in transparency. GRI provides companies with guidelines to organise their annual report with reporting indices and standards addressing environmental, social and economic issues that business ought to address when telling the world about its performance.
The UN Global Compact is a set of ten principles that companies may sign voluntarily. Signatories promise to avoid complicity in human rights violations, adhere to labour standards, protect the environment and avoid corruption. The G8 countries urge companies to participate in this initiative, and with over 2900 companies signing up, the Global Compact has momentum. A voluntary and network based framework, the Global Compact actively promotes peer review and stakeholder participation.
UNEP is the 'voice of the environment' for the United Nations system, promoting international cooperation in the field of the environment. Issues concerning the financial community are addressed by the UNEP Finance Initiative which promotes investment in clean and renewable energy by financial institutions and other investors. Financial insititutions wishing to join must sign one of two Statements (for financial institutions and a separate one for the insurance industry).
UNPRI is a set of six principles direct institutional investors may adopt to consider environmental, social and corporate governance issues when investing. Voluntary and aspirational in nature, UNPRI has since its inception in 2006 attracted 200 signatories, representing US$8 trillion worth of investments.
Since the turn of the century a group of twelve banks known as the Wolfsberg Group have collaborated to improve ethical standards. The principles provide guidance on money laundering, corruption and the financing of terrorism. They have been produced to address deficiencies in areas 'yet to be fully articulated by lawmakers or regulators'.
General Banktrack reaction on policies China Construction Bank
China Construction China
developed its own green credit policy in-line with the Green Credit Policy directive
launched by the Chinese government in July 2007.
In its CSR Report 2008, China Construction Bank states that it requires clients to comply with corporate environmental protection
laws as a prerequisite for loans; developed industry-specific guidelines for lending
to energy- and pollution-intensive sectors;
implements a system for managing environmental information of corporate
clients from energy-
and pollution-intensive sectors; and developed an early warning system to alert
departments when they are close to meeting quotas for lending to energy- and
pollution-intensive sectors. However, information about the content of these policies and measures are not
publicly available. As such, it can only be scored with a zero.
In 2008, the bank disclosed the amount of lending it
cut to environmentally risky projects and clients, as well as the amount of
lending it increased to renewable energy projects.
agriculture
0
1
2
3
4
5
arms industry and trade
0
1
2
3
4
5
fisheries
0
1
2
3
4
5
forestry
0
1
2
3
4
5
mining
0
1
2
3
4
5
oil and gas
0
1
2
3
4
5
power generation
0
1
2
3
4
5
biodiversity
0
1
2
3
4
5
climate change
0
1
2
3
4
5
corruption
0
1
2
3
4
5
human rights
0
1
2
3
4
5
indigenous peoples
0
1
2
3
4
5
labour
0
1
2
3
4
5
operation in conflict zones
0
1
2
3
4
5
taxation
0
1
2
3
4
5
toxics
0
1
2
3
4
5
accountability
0
1
2
3
4
5
transparency
0
1
2
3
4
5
headquarters
No.25 Finance Street
100032 Beijing, PRC
China
position top 1000 the Banker
In million US$. Ranking according to Tier 1 capital, as per definition Bank of International Settlements (BIS)
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The ‘Shwe' (meaning ‘golden' in Burmese) projects entail exploitation of underwater natural gas deposits off the coast of western Burma's Arakan State and dual…
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BankTrack has identified controversial issues
with the companies listed below that require attention from China Construction Bank.
Asia Pulp and Paper
About Asia Pulp & Paper is one of the biggest pulp & paper producers in Asia, with operations in Indonesia and southern China. It's total pulp production capacity…
National Thermal Power Corporation (NTPC) are the largest electricity producer in India. Their total installed capacity, including that under joint ventures, is close to…
Vedanta Resources is a mining company. It produces aluminum, copper, lead and zinc. Vedanta has a strong position in India, where its founder Anil Agarwal was born, but is…
Article on the need for greater transparency in the implementation of China's Green Credit Policy.
http://www.chinadialogue.net/article/show/single/en/3740-Credit-where-it-s-due-1-
Article about the need for environmental and social standards in the overseas investments of Chinese financiers.
http://www.chinadialogue.net/article/show/single/en/3742-Credit-where-it-s-due-2-
