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About Agricultural Bank of China
The predecessor of the Agricultural Bank of China was the Agricultural Cooperative Bank, established in 1951. Since the late 1970s, the bank has evolved from a state-owned specialized bank to a wholly state-owned commercial bank and subsequently to a state-controlled commercial bank. The bank was restructured into a joint stock limited liability company in January 2009. In July 2010, the bank was listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange. At the launch of the listing, the bank had the world's largest initial public offering (IPO) at that time. It's ranked ninth in Forbes Global 2000 list of the world's biggest public companies.
Website | http://www.abchina.com/en/ |
Headquarters |
No.69, Jianguomen, NeiAvenue, Dongcheng District
100005 Beijing
China
|
CEO/chair |
Gu Shu, Zhang Qingsong and Zhang Xuguang Executive Directors |
Supervisor | |
Annual reports |
CSR Report 2020 Annual report 2020 |
Ownership |
listed on Hong Kong Stock Exchange & Shanghai Stock Exchange
The main shareholder of Agricultural Bank of China is Huijin Investment, a state-owned investment company, which holds 40.03% of the shares. |
Complaints and grievances |
Agricultural Bank of China does not operate a complaints channel for individuals and communities that may be adversely affected by its finance. The bank’s Customer Service Center can be contacted at 95599@abchina.com. |
Related Dodgy Deals
Dodgy Deals map
Policy Assessments
Banks and Climate
Bank net zero commitments
This table tracks the net zero pledges and commitments of banks. It shows whether banks have committed to net zero by 2050 and have set an interim emissions reduction goal for 2025 and/or 2030. It also notes banks that have not yet set targets but have pledged to do so in the future, including by joining the Collective Commitment to Climate Action or Net Zero Banking Alliance. Finally, it notes whether banks have (pledged to) set Science-Based Targets. More information and references can be found by expanding the 'details' section of each bank.
- A blue check mark means the bank has set a target or joined the alliance. A check mark does not mean that the target set by the bank meets any particular standard, just that is has set a target. In case we have identified short comings in the target, for example when it only applies to lending and not underwriting), this is noted in the 'details' section.
- An orange dash means a bank has pledged to set a target (for example, banks commit to set 2030 and 2050 targets when they join the NZBA), but have not yet actually done so.
Abbreviations:
CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets
Banks and Human Rights
Human Rights Benchmark November 2019
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Response Tracking
This page evaluates Agricultural Bank of China'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".
News
Documents
Policies
Voluntary standards
Agricultural Bank of China has committed itself to the following voluntary standards:Investment policies
The Agricultural Bank of China has no publicly available investment policies, nor has it a web page on corporate social responsibility. The bank only lists its most recent annual CSR reports.