Yu Xiaogang, Founder of Green Watershed
Yu Xiaogang, Founder of Green Watershed
| Website | http://www.bankofbeijing.com.cn/en2011/index.html |
| Headquarters |
Bank of Beijing Mansion, No.17 Financial Street
Beijing
China
|
| CEO/chair |
Yan Bingzhu Chairman |
| Supervisor | |
| Ownership |
listed on Shanghai Stock Exchange
|
The Bank of Beijing was established in January 1996 and is based in Beijing. It is a joint-stock commercial bank and has offices throughout China, including Shanghai, Xi'an, Hangzhou, Tianjin, and a representative office in Hong Kong. In 2007 it became publicly listed on the Shanghai Stock Exchange. The largest shareholders of the bank include the Government of the City of Beijing and ING Bank from the Netherlands.
The bank offers a variety of services to both individual and corporate clients. Services include deposits; issuing loans; safety deposit boxes; foreign currency deposits; institution financing credit; and trade financing solutions.
The bank declared in its CSR policy improvements listed below. You can find policy texts under "Documents" section if the bank has disclosed any of them.
2009
The bank developed "2009 Credit Business Guidelines".
The bank also developed a new environment-related policy but did not disclose the original document.
2010
None
2011
The bank held 5 trainings of AML and revised the Principles of AML Training and Publicity, to reinforce the AML compliance requirement and raise employees' awareness of AML.
On April 8th, the bank and EMCA signed "the Joint Agreement on Implementing the Strategic Project of Energy-saving Service Industry". According to this contract, in the forthcoming 5 years, the bank will offer 10 billion credit to EMCA which can reduce the release of CO2 by 12 million tons.
2012
Bank of Beijing released the "2012 Credit Business Guidelines" and the "2012 Additional Credit Business Guidelines," which clearly stipulate (the bank's) support for energy savings and environmental protection to be an important business and loan disbursement factor, and call for the strict control of high energy consumption businesses, high emission industries, and companies with excess production capacity. There is also a focus on ten key energy conservation projects, development of a circular economy, urban sewage and waste management, water pollution control, energy saving and capacity-building projects, and corporate demand for credit funds.
This page evaluates Bank of Beijing'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".
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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 Bank of Beijing’s fossil fuel policy below.
