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Last update: 2023-01-12 15:23:52

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	China Securities Regulatory Commission (CSRC)
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.

Guidelines on environmental information disclosure for financial institutions

Bank policy

2021-07-22 00:00:00 | People's Bank of China

Sustainability Finance Framework

Bank policy

2019-08-31 00:00:00 | Agricultural Bank of China - Singapore Branch

Modern Slavery Statement 2018

Bank policy

2018-11-22 00:00:00 | Agricultural Bank of China

Green Bond Management Statement

Bank policy

2015-09-28 00:00:00 | Agricultural Bank of China

Statement on anti-money laundering and counter-terrorist financing

Bank policy

2011-01-05 00:00:00 | Agricultural Bank of China

Agricultural Bank of China has committed itself to the following voluntary standards:

China Green Credit DirectiveTags: China

Global Reporting InitiativeTags: sustainable development | human rights

Green Bond PrinciplesTags: bond issuance | investment | sustainable development

Guidelines for Ecological Environmental Protection of Foreign Investment Cooperation and Construction ProjectsTags: China | corporate social responsibility

ISO 26000Tags:

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.

Campaigns

Banks and Climate

The 2022 Banking on Climate Chaos report showed that Agricultural Bank of China provided US$ 70.92 Billion in financing to the fossil fuel industry between 2016 and 2021. 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.

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 Agricultural Bank of China 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.

BankLast update

Country

Score

Ranking

Details

Agricultural Bank of China

CHN

0.5

Laggard

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.

BankLast update

Country

Score

Ranking

Details

Agricultural Bank of China

2022-09-21

CHN

Laggard

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.

BankLast update

Country

Score

Ranking

Details

Agricultural Bank of China

2022-09-21

CHN

Laggard

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.

BankLast update

Country

Score

Ranking

Details

Agricultural Bank of China

2022-09-21

CHN

Laggard

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

Active

Active

Guidelines on environmental information disclosure for financial institutions

Sustainability Finance Framework

Modern Slavery Statement 2018

Green Bond Management Statement

Statement on anti-money laundering and counter-terrorist financing

Banks and Climate

Banks and Human Rights

Global Human Rights Benchmark 2022

Banks and Nature

Forest & Finance Policy Assessment 2022: Overall scores

Forest & Finance Policy Assessment 2022: Beef

Forest & Finance Policy Assessment 2022: Palm Oil

New human rights assessment of banks shows slow progress and lack of action to address key gaps on reporting and remedy

Jackdaw shows once again Shell is failing on climate. So why are its bankers failing to act?

Banks have arranged US$2.7 trillion in bonds for fossil fuel companies

CBIRC releases the Green Finance Guidelines for Banking and Insurance Sectors

New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

At least $132 billion in finance for fossil fuels is locking Africa out of a Just Transition, shows new report

Banks failing to address severe human rights impacts transparently, finds BankTrack research

A future without coal: banking on Asia's just energy transition

‘Wreckers of the Earth’: 300 London-based companies destroying the planet

Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

Forests & Finance Coalition warns foreign investors about the risk of the anti-environment agenda in the Brazilian Congress

Chinese banks urged to divest from firms linked to deforestation

Under the spotlight: Chinese banks' risky agribusiness portfolio

China is world’s second largest financier of deforestation-linked commodities

Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Over 260 organisations call on banks not to finance Total’s East African Crude Oil Pipeline

Cambodia: Communities impacted by Lower Sesan 2 Hydropower Project seek IFC dispute resolution process; Companies' responses

Will China continue to bank on coal?

265 Civil society groups call on Chinese actors to ensure that Covid-19 financial relief does not bail out harmful projects

Global finance sector failing to apply conservation criteria to pulp and paper funding

Banking on Climate Change – Fossil Fuel Finance Report Card 2020

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

Banks massively financing fossil fuels unclear about future of ... fossil fuels

Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

Investing in a Green Belt and Road? Assessing the Implementation of China’s Green Credit Guidelines Abroad

Financiers of pulp and paper industry projects will cause environmental and social harm, says new report

Call for banks to divest from APRIL

Banks not yet living up to UN human rights principles, finds BankTrack

'Record year' for bank coal financing as latest UN climate warning looms

Australian coal projects could be ineligible to receive Chinese finance

Time to volunteer

Agricultural Bank of China's IPO plan approved

Chinese banks need to catch up on environmental policies

Background briefing: Just 7% of global banks' energy financing goes to renewables, new data shows

Who is Who No. 3 - Chinese commercial banks: an NGO guide

BankTrack Global Human Rights Benchmark 2022

The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 3 (Chinese version)

CSR report 2021

Annual report 2021

Banking on Climate Chaos 2022

Actions speak louder: Assessing bank responses to human rights violations

Drill, baby, drill

Recipients of the letter about the risk of the anti-environment agenda in the Brazilian Congress

Guidelines on environmental information disclosure for financial institutions

CSR Report 2020

Annual report 2020

Open Letter from over 260 civil society organisations to banks on EACOP

Who is who in the Chinese lending institutional landscape

Annual report 2019

CSR report 2019

Banking on Climate Change - Fossil Fuel Finance Report 2020

Letter from BankTrack to Agricultural Bank of China on the bank's progress on its fossil fuel finance since COP24

Sustainability Finance Framework

CSR report 2018

Annual report 2018

Modern Slavery Statement 2018

Letter from BankTrack and 120 organisations to Agricultural Bank of China on Demands FBNT campaign

Annual Report 2017

CSR report 2017

Letter from 30 Indonesian NGOs to PT RAPP financiers on current situation of PT RAPP (APRIL's main supplier)

CSR report 2016

Annual report 2016

Green Paper, Red lines