Beijing, China, Oct 22 2010
(September 2010, Beijing) Nine Chinese
NGOs presented the 2009 "Green Banking Innovation Award" and the "Environmental
Information Disclosure Award" to China Merchants Bank and Industrial Bank,
The awards are part of the Economic Observer magazine's Best Chinese Banks annual awards
ceremony. However, the jury is comprised
of nine independent NGOs including Green Watershed,
Friends of Nature, Institute of Public & Environmental Affairs, Green Earth
Volunteer, Global Environmental Institute, Civil Society Watch, China
Development Brief, Green Volunteer League of Chongqing and Hengduan Mountains
Research Society. SynTao Co. Ltd., a
leading consulting firm in China
on corporate social responsibility, acted as an advisor to this award.
In China, public environmental
awareness and the role and function of Chinese society in environmental
protection are gradually increasing.
This award was established three years ago to encourage the Chinese
banking sector to fulfill their societal role to protect the environment, curb
emissions and climate change, and promote the green development that is
important to the public. It is in-line
with the Chinese government's Green Credit Policy of 2007, which created a
blacklist of companies that should not receive loans from banks in China because
of their dismal environmental record.
The jury first shortlisted nine Chinese
banks after examining the banks' 2009 corporate social responsibility
reports. Next, banks were sent questionnaires,
of which four banks - China Merchants Bank, Industrial Bank, Standard Chartered
Bank and Shanghai Pudong Development Bank - completed the survey and Bank of
China and CITIC Bank provided some information.
Of those, China Merchants Bank, Industrial Bank and Standard Chartered
Bank accepted face-to-face interviews.
Additional information was sought from related domestic and foreign
The 2009 Green Banking Innovation Award
was based on the following 13 criteria:
level of information disclosure; formulation of environment-related
policies; adoption of environment-related implementation measures; presence of
dedicated environmental departments or staff; the situation of ‘liang gao' lending; the situation of
energy-saving environmental protection lending; public opinion and critiques;
adoption of international standards and norms; the banks' internal
environmental performance; the banks' external advocacy and trainings; the
banks' social investments; and the situation of overseas investments.
The ‘Environmental Information Disclosure
Award' was developed to promote greater transparency and disclosure of
environmental policies and information.
Award indicators included the means through which information was
disclosed; the circumstances under which information was disclosed; the
substance of information disclosure; bank responses to public demands, etc.