Banks| Policies| Dodgy Deals| Campaigns
About us| Blog| Publications| Successes| Contact us| Donate
About BankTrack
Visit us
Organisation
Our team
Our board
Guiding principles
Team up with us
Jobs at BankTrack
Our annual reports
Funding and finances
History
BankTrack in the media
Our privacy policy
Donate
2023-01-23 00:00:00
Berta Cáceres: new rules for banks could help stop defender killings
2023-01-16 00:00:00
In the balance: Why European due diligence legislation must cover financial services
2022-12-08 00:00:00
Exposed: Western banks funding Qatar’s carbon bombs
2022-12-08 00:00:00
Right-wing attack on sustainable finance is the latest form of climate denial
2022-12-14 11:08:26
HSBC announces it will no longer finance new oil and gas fields
2022-10-13 15:56:39
More major banks and insurers refuse to support EACOP
2022-09-16 10:38:48
European Parliament passes emergency resolution against human rights violations & environmental threats linked to EACOP
2022-06-27 09:49:16
Crédit Agricole takes first step to phase out from the oil and gas sector
Connect
2022-11-22 00:00:00
Banking on Thin Ice: Two years in the heat
2022-11-17 00:00:00
BankTrack Global Human Rights Benchmark 2022
2022-10-21 00:00:00
Burning forests in the name of clean energy? How banks are failing to exclude the harmful wood biomass industry from finance
2022-06-28 00:00:00
The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 3
2022-04-05 00:00:00
The BankTrack Human Rights Benchmark Asia
2022-03-30 00:00:00
Banking on Climate Chaos 2022
See all publications
Browse
Home
Banks
Policies
Dodgy Deals
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook
Twitter Fossil Banks No Thanks Twitter Fossil Banks No Thanks Instagram
Affiliate Websites
Fossil Banks No Thanks
StopEACOP
Forests & Finance
Banks & Biodiversity
Drop JBS
Bank of Coal
Don't Buy into Occupation
Home › News
Chinese NGOs announce the second Green Banking Innovation Award
Start
Banks

By: Green Watershed, Global Environmental Institute and other Chinese NGOs
2009-08-01
Beijing

Contact:

 

For more information, please contact:
YU Xiaogang, Green Watershed: yxgood2001@yahoo.com
GUO Peiyuan, Syntao Co. Ltd.: guopeiyuan@syntao.com

 

 


Share this page:

Go to:
Start
Related Banks

Normal 0 false false false MicrosoftInternetExplorer4

On behalf of nine Chinese environmental NGOs, Ms. Jin Jiaman, Director of Global Environmental Institute, announced the Green Banking Innovation Award on August 1st. China Industrial Bank Co. Ltd. received Green Banking Innovation Award for the second time at the Best China Banks Ceremony organized by the Economic Observer weekly.

This award was nominated and voted by nine renowned NGOs: 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.

Integrating environmental standards and social responsible standards into core business strategies is a global trend for banks to develop sustainability. Responding to such trend, some banks in China established environmental policies and made remarkable achievement. For instance, the Industrial and Commercial Bank of China dedicates itself to green credit policies; China Merchants Bank applies green credit policy to overseas investments. Industrial and Commercial Bank of China and China Construction Bank invited a third party to audit their Social Responsibility Reports. In addition, on October 31, 2008, China Industrial Bank became the first bank in China to adopt the Equator Principles.

According to selection criteria made by the nine environmental NGOs, China Industrial Bank got the highest score and won the Green Banking Innovation Award. Since the adoption of the Equator Principles, China Industrial Bank has integrated sustainability issues into its strategy, and made progress, such as the establishment of the "Environmental and Social Risk Management" policy and the Center for Sustainable Finance. In addition, China Industrial Bank was a signatory of Carbon Disclosure Project (CDP) and participated in CDP survey.

On the ceremony, Ms. Jin Jiaman said, "We expect China Industrial Bank can continue its innovation and build up a model green bank in China." Representatives from China Industrial Bank called for more banks in China to contribute to sustainable finance.

Established in July 2008, the Green Banking Innovation Award is the first-ever award in China specifically about green banking, which promotes banks and other financial institutions to consider their roles in environmental protection. This not only indicates Chinese NGOs are using more diversified approaches to advocate sustainable development, but highlights the efforts of Chinese banking sector on environment. Mr. Yu Xiaogang, Director of Green Watershed, pointed out, "Various interactions between environmental NGOs and financial institutions will be developed like dialoguing, monitoring, advocating, praising outstanding banks and criticizing problematic banks." It was reported that the nine organizations will compile an Environmental Report on Chinese Banks based on this award evaluation, and publish it at the end of 2009.

 

Go to:
Start
Related Banks

Related banks

Bank of China China

active

China Construction Bank China

active

China Development Bank China

active

Industrial and Commercial Bank of China (ICBC) China

active

Industrial Bank China

active

Export-Import Bank of China China

on record
Browse
Home
Banks
Policies
Dodgy Deals
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook
Twitter Fossil Banks No Thanks Twitter Fossil Banks No Thanks Instagram
Affiliate Websites
Fossil Banks No Thanks
StopEACOP
Forests & Finance
Banks & Biodiversity
Drop JBS
Bank of Coal
Don't Buy into Occupation
Vismarkt 15
6511 VJ Nijmegen
The Netherlands

Tel: +31 24 324 9220
Contact@banktrack.org
©2016 BankTrack                Webdesign by BankTrack and EASYmind
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted