BankTrack is the international tracking, campaigning and support organisation focused on banks and the activities they finance.
We aim to promote fundamental changes in the banking sector so that banks adopt just and sustainable business practices.
Agricultural Bank of China offices in Guangzhou. Photo: Qimin Wu via Wikimedia Commons (CC-BY-SA 2.0)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.
| Website | http://www.abchina.com/en/ |
| Headquarters |
No.69, Jianguomen, NeiAvenue,
Dongcheng District Beijing 100005
China
|
| CEO/chair |
Zhao Huan President |
| Supervisor | |
| Annual reports |
Annual Report 2017 CSR report 2017 |
| Ownership |
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. |
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.
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.
|
