| Website | http://www.cebbank.com |
| Headquarters |
China Everbright Center, 25 Taipingqiao Avenue
Xicheng District, Beijing
China
|
| CEO/chair |
Wang Jiang Secretary of the CPC Committee of Bank, Chairman, Non-Executive Director |
| Supervisor | |
| Ownership |
listed on Shanghai Stock Exchange
China Everbright Bank is majority-owned by the Chinese government (58.9%). The bank's complete shareholder structure can be accessed here. |
China Everbright Bank (CEB) was established in August 1992 and is headquartered in Beijing. The bank focuses on the Chinese domestic market and has established 1,290 branches and outlets. The bank is a joint-stock commercial bank and was listed on the Shanghai Stock Exchange in 2010. The bank serves personal and corporate clients and offers a variety of services, including personal safety deposits, wealth management, credit cards, underwriting loans, and trade financing.
China Everbright Bank's most important sustainability commitments can be found at the website section listed below.
China Everbright Bank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of China Everbright Bank's link to these deals.
The 2022 Banking on Climate Chaos report showed that China Everbright Bank provided US$ 40.68 in financing to the fossil fuel industry between 2016 and 2021. Find further details on China Everbright Bank fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.
Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in the Coal Policy Tracker and Oil and Gas Policy Tool. Find further details on their assessment of China Everbright Bank fossil fuel policy below.
China Everbright Bank’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 0.5 out of 10 and ranking it as a laggard. China Everbright Bank achieved a score of 0 out of 10 specifically for its policies related to the beef sector and 0.5 out of 10 for its policies related to the palm oil sector. In addition, BankTrack and the Environmental Paper Network have assessed China Everbright Bank’s policies related to the pulp and paper sector.
Between 2016 and 2022, China Everbright Bank provided USD 409 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 1 million as of 2022. For more information, see the links below.
A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
China Everbright Bank does not operate a complaints or grievances channel for individuals or communities that might have been affected by its finance.
This page evaluates China Everbright Bank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
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