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Created before Nov 2016
Last update: 2018-05-16 14:32:35
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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 6th in Forbes Global 2000 list of the world's biggest public companies.
No.69, Jianguomen, NeiAvenue,
Dongcheng District Beijing 100005
Zhao Huan |
CSR report 2017|
Annual Report 2017
listed on Hong Kong Stock Exchange & Shanghai Stock Exchange
The main share holder of Agricultural Bank of China is Huijin Investment, a state-owned investment company, which holds 40.03% of the shares.
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Voluntary initiativesAgricultural Bank of China has committed itself to the following voluntary standards:
The Agricultural Bank of China has no publicly available investment policies (May 2018). In its CSR Report of 2017, under 'Responsibility Management' it mentions:
ABC has established and optimized its social responsibility management system, and continuously implemented management rules including the Agricultural Bank of China Guidelines for Social Responsibility, Agricultural Bank of China Indicator System for Social Responsibility and Agricultural Bank of China Guidelines for Public Welfare Projects. Led by the corporate culture department of the Head Office, all departments of the Head Office and its branches have specific positions to oversee daily CSR work.
- Serving 'Sannong'
- Supporting the national economy and people's livelihoods
- Promoting ecological progress
- Striving for excellent quality
- Employee progression
- Promoting social harmony
ABC relates these topics to the Sustainable Development Goals, specificially SDG 1, 2, 3, 4, 5, 6, 8, 9, 11, 12, 13.
'Environment' is also stated as a stakeholder in the 2017 CSR report.
Under 'Responsibility Policies' ABC states:
ABC will unswervingly undertake the five major tasks of serving the real economy, preventing and controlling financial risks, promoting business transformation, deepening reform and comprehensively strengthening Party self-discipline. ABC will also serve the national policies of fighting “three critical battles” on forestalling and defusing major risks, targeted poverty alleviation, and addressing pollution, striving to build a world-class commercial banking corporation.
True leader Front runner Follower Laggard
BankTrack has assessed Agricultural Bank of China on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Agricultural Bank of China is assessed as a Laggard, with a total score of 0/12.