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Agricultural Bank of ChinaChina
Active
This profile is actively maintained
Last update: 2023-01-12 15:23:52
Agricultural Bank of China offices in Guangzhou. Photo: Qimin Wu via Wikimedia Commons (CC-BY-SA 2.0)
Active
This profile is actively maintained
Last update: 2023-01-12 15:23:52
About
| Website | http://www.abchina.com/en/ |
| Headquarters |
No.69, Jianguomen, NeiAvenue, Dongcheng District
100005 Beijing
China
|
| CEO/chair |
Gu Shu President and Chairman of the Executive Board |
| Supervisor | |
| 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. |
The predecessor of the Agricultural Bank of China was the Agricultural Cooperative Bank, established in 1951. Since the late 1970s, the bank has changed from a state-owned specialized bank 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 eight in Forbes Global 2000 list of the world's biggest public companies.
Sustainability
Commitments
Policies
Voluntary standards
The Agricultural Bank of China has no publicly available bank policies, nor has it a web page on corporate social responsibility. The bank only lists its most recent annual CSR reports.
Agricultural Bank of China has committed itself to the following voluntary standards:
Dodgy Deals
Agricultural Bank Of China 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 Agricultural Bank Of China's link to these deals.
Projects / Companies
Finance type
Year
Campaigns
Banks and Climate
The 2023 Banking on Climate Chaos report showed that Agricultural Bank of China provided US$ 80.65 Billion in financing to the fossil fuel industry between 2016 and 2022. Find further details on Agricultural Bank of China 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.
Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Agricultural Bank of China's fossil fuel policy below.
Banks and Human Rights
BankTrack assessed Agricultural Bank of China in its 2022 Global Human Rights Benchmark, where it achieved 0.5 points out of 14 and was ranked as a laggard. In addition, Agricultural Bank of China scored 0 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the "Accountability" section of this profile.
Global Human Rights Benchmark 2022
BankLast update
Country
Score
Ranking
Details
Agricultural Bank of China
CHN
0.5
Laggard
0
Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6.5 points
7 - 10 points
10.5 - 14 points
For more details see this page.
Banks and Nature
Agricultural Bank of China'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 out of 10 and ranking it as a laggard. The bank achieved a score of 0 out of 10 specifically for its policies related to the beef sector and 0 out of 10 for its policies related to the palm oil sector. In addition, BankTrack and the Environmental Paper Network have assessed the Agricultural Bank of China's policies related to the pulp and paper sector.
Between 2016 and 2022, the Agricultural Bank of China provided USD 1,409 million in credit to companies operating in these forest-risk sectors. For more information, see the links below.
Forest & Finance Policy Assessment 2022: Overall scores
BankLast update
Country
Score
Ranking
Details
Agricultural Bank of China
2022-09-21
CHN
0
Laggard
0
Explanation
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:
Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Forest & Finance Policy Assessment 2022: Beef
BankLast update
Country
Score
Ranking
Details
Agricultural Bank of China
2022-09-21
CHN
0
Laggard
0
Explanation
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:
Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Forest & Finance Policy Assessment 2022: Palm Oil
BankLast update
Country
Score
Ranking
Details
Agricultural Bank of China
2022-09-21
CHN
0
Laggard
0
Explanation
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:
Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
News
BankTrack
Partners
Blog
External
Resources
Documents
Links
Accountability
Grievances
Response
tracking
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.
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".
Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
East African Crude Oil Pipeline (March 2021)
0
0
0
0
Response
0
Out of 1
Rationale for score
The bank did not respond. Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action. Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored measures taken by its client to address the impacts associated with the project. Average
0%
0
0
0
0
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