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About China Construction Bank
China Construction Bank (CCB), established in 1954, is a large commercial bank in China. CCB's business consists of corporate banking, personal banking, and treasury operations. It operates a network of 39 domestic branches and many sub-branches around mainland China. The bank operates overseas branches in Tokyo, Frankfurt, Ho Chi Minh City, New York, Seoul, Hong Kong, Sydney, Singapore, Johannesburg and a wholly owned subsidiary in London.
Website | http://en.ccb.com/en/home/indexv3.html |
Headquarters |
25 Finance Street, Xicheng District
Beijing
China
|
CEO/chair |
Tian Guoli Chairman, Executive Director |
Supervisor | |
Annual reports |
CSR Report 2018 Annual report 2019 |
Ownership |
listed on Hong Kong Stock Exchange & Shanghai Stock Exchange
Central Huijin Investment (a state-owned investment company) holds a majority share of 57.11% in China Construction Bank. |
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Policy Assessments
Banks, climate and energy
Bank policy scores on fossil fuel financing
A bank can obtain a total of 200 policy points for its overall fossil fuel policies; 120 possible points for oil and gas policies and 80 possible points for coal policies. Based on this score banks are then classified as laggards (0-50 points), followers (50.5-100 points), front runners (100.5-150 points) or leaders (150.5-200 points).
Bank policy scores on fossil fuel expansion
The scores for a bank's policies restricting expansion of fossil fuels - in each area, prohibitions against financing projects and/or companies expanding that area - are aggregated into a fossil fuel expansion policy score.
The point-based policy ranking for fossil fuel expansion consists of the following distribution:
- Coal mining: 14 points
- Coal power: 14 points
- Other coal: 7 points
- Tar sands: 9 points
- Arctic oil and gas: 9 points
- Offshore oil and gas: 9 points
- Fracked oil and gas: 9 points
- LNG: 9 points
- Other oil and gas: 9 points
A bank can obtain a total of 89 policy points for its fossil fuel expansion policy. Based on this score, banks are then classified as laggards (0-22.25 points), followers (22.25-44.5 points), front runners (44.5-66.75 points) or leaders (66.75-89 points).
Bank policy scores on oil and gas financing
For each of the six subsectors, 20 possible policy points can be obtained, so a bank can obtain a total of 120 policy points for its oil and gas policies. Based on this score banks are then classified as laggards (0-30 points), followers (30.5-60 points), front runners (60.5-90 points) or leaders (90.5-120 points).
Bank policy scores on tar sands
The point-based policy ranking above assesses bank policies in four ways:
1) Restriction on direct financing for tar sands projects.
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None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)
2) Restriction on financing for companies that expand tar sands.
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None (0), weak exclusion (3), strong exclusion (5)
3) The bank’s commitment to phase-out financing for tar sands.
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None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)
4) The bank’s commitment to exclude companies active in tar sands above a certain threshold.
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None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)
A bank can obtain a total of 20 policy points for its tar sands policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).
Bank policy scores on Arctic oil and gas
The point-based policy ranking assesses bank policies in four ways:
1) Restriction on direct financing for Arctic oil and gas projects.
- None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)
2) Restriction on financing for companies that expand Arctic oil and gas.
- None (0), weak exclusion (3), strong exclusion (5)
3) The bank’s commitment to phase-out financing for Arctic oil and gas.
- None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)
4) The bank’s commitment to exclude companies active in Arctic oil and gas above a certain threshold.
- None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)
A bank can obtain a total of 20 policy points for its Arctic oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).
Bank policy scores on offshore oil and gas
The point-based policy ranking assesses bank policies in four ways:
1) Restriction on direct financing for offshore oil and gas projects.
- None (0), weak exclusion (1.5), strong exclusion (4)
2) Restriction on financing for companies that expand offshore oil and gas.
- None (0), weak exclusion (3), strong exclusion (5)
3) The bank’s commitment to phase-out financing for offshore oil and gas.
- None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)
4) The bank’s commitment to exclude companies active in offshore oil and gas above a certain threshold.
- None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)
A bank can obtain a total of 20 policy points for its offshore oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).
Bank policy scores on fracked oil and gas
The point-based policy ranking assesses bank policies in four ways:
1) Restriction on direct financing for fracked oil and gas projects.
- None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)
2) Restriction on financing for companies that expand oil and gas fracking.
- None (0), weak exclusion (3), strong exclusion (5)
3) The bank’s commitment to phase-out financing for oil and gas fracking.
- None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)
4) The bank’s commitment to exclude companies active in oil and gas fracking above a certain threshold.
- None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)
A bank can obtain a total of 20 policy points for its fracking policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).
Bank policy scores on LNG
The point-based policy ranking assesses bank policies in four ways:
1) Restriction on direct financing for LNG projects.
- None (0), weak exclusion (1.5), strong exclusion (4)
2) Restriction on financing for companies that expand LNG.
- None (0), weak exclusion (3), strong exclusion (5)
3) The bank’s commitment to phase-out financing for LNG.
- None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)
4) The bank’s commitment to exclude companies active in LNG above a certain threshold.
- None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)
A bank can obtain a total of 20 policy points for its LNG policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).
Bank policy scores on other/conventional oil and gas
The point-based policy ranking assesses bank policies in four ways:
1) Restriction on direct financing for other/conventional oil and gas projects.
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None (0), weak exclusion (1.5), strong exclusion (4)
2) Restriction on financing for companies that expand other/conventional oil and gas.
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None (0), weak exclusion (3), strong exclusion (5)
3) The bank’s commitment to phase-out financing for other/conventional oil and gas.
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None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)
4) The bank’s commitment to exclude companies active in other/conventional oil and gas above a certain threshold.
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None (0), enhanced due diligence/Equator Principles commitment (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)
A bank can obtain a total of 20 policy points for its other/conventional oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).
Bank policy scores on coal financing
For both coal mining and coal power, 32 possible policy points can be obtained, while for other coal,16 possible policy points can be obtained. So a bank can obtain a total of 80 policy points for its coal policies. Based on this score banks are then classified as laggards (0-20 points), followers (20.5-40 points), front runners (40.5-60 points) or leaders (60.5-80 points).
Bank policy scores on coal mining
The point-based policy ranking assesses bank policies in four ways:
1) Restriction on direct financing for coal mining projects.
- None (0), mountaintop removal mining exclusion (0.5), weak exclusion (2), moderate exclusion (4), strong exclusion (6)
2) Restriction on financing for companies that expand coal mining.
- None (0), weak exclusion (4), strong exclusion (8)
3) The bank’s commitment to phase-out financing for coal mining.
- None (0), exposure reduction (1.5), financing reduction (3), weak phase-out (4), moderate phase-out (6), strong phase-out (8)
4) The bank’s commitment to exclude companies active in coal mining above a certain threshold.
- None (0), enhanced due diligence (0.5), weak exclusion threshold (3), moderate exclusion threshold (5), strong exclusion threshold (8), full exclusion (10)
A bank can obtain a total of 32 policy points for its coal mining policy. Based on this score banks are then classified as laggards (0-8 points), followers (8.5-16 points), front runners (16.5-24 points) or leaders (24.5-32 points).
Bank policy scores on coal power
The point-based policy ranking assesses bank policies in four ways:
1) Restriction on direct financing for coal power projects.
- None (0), weak exclusion (2), moderate exclusion (4), strong exclusion (6)
2) Restriction on financing for companies that expand coal power.
- None (0), weak exclusion (4), strong exclusion (8)
3) The bank’s commitment to phase-out financing for coal power.
- None (0), proportional reduction (1), exposure reduction (1.5), financing reduction (3), weak phase-out (4), moderate phase-out (6), strong phase-out (8)
4) The bank’s commitment to exclude companies active in coal power above a certain threshold.
- None (0), enhanced due diligence (0.5), weak exclusion threshold (3), moderate exclusion threshold (5), strong exclusion threshold (8), full exclusion (10)
A bank can obtain a total of 32 policy points for its coal power policy. Based on this score banks are then classified as laggards (0-8 points), followers (8.5-16 points), front runners (16.5-24 points) or leaders (24.5-32 points).
Bank policy scores on coal infrastructure
The point-based policy ranking assesses bank policies in four ways:
1) Restriction on direct financing for coal infrastructure projects.
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None (0), weak exclusion (1), strong exclusion (3)
2) Restriction on financing for companies that expand coal infrastructure.
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None (0), weak exclusion (2), strong exclusion (4)
3) The bank’s commitment to phase-out financing for coal infrastructure.
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None (0), exposure reduction (1), weak phase-out (2), strong phase-out (4)
4) The bank’s commitment to exclude companies active in coal infrastructure above a certain threshold.
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None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (4), full exclusion (5)
A bank can obtain a total of 16 policy points for its coal infrastructure policy. Based on this score banks are then classified as laggards (0-4 points), followers (4.5-8 points), front runners (8.5-12 points) or leaders (12.5-16 points)
Banks and human rights
BankTrack Human Rights Benchmark 2019
News
Documents
Policies
Voluntary initiatives
China Construction Bank has committed itself to the following voluntary standards:Investment policies
China Construction Bank has no publicly available investment policies nor has it a webpage on corporate social responsibility.
2018 China Construction Bank stated to “become a bank that serves the general public, promotes people’s livelihood, facilitates low carbon and environmental protection, and achieves sustainable development. With focus on global climate change, CCB adheres to the strategic approaches to use financial power to promote environmental protection and harmonized development of society."
2017 In CCB's 2017 annual report it stated that "the Bank includes “Green Banking” as a goal in its medium-and long-term business planning. It has vigorously improved the green credit policies and system, developed green credit businesses, strengthened environmental and social risk management, and enriched green credit products and services."
2016 CCB states in its 2016 CSR report that "it takes its environmental responsibilities seriously and provides strong support for low-carbon economy."
2014 The bank declared in its CSR report improvements listed below: "CCB gives priority to developing financial services for small enterprises and providing better financial services to address the public needs for the 'Three Rural' and facilitate the development of the western region."
"CCB undertakes its environmental responsibility conscientiously and strongly supports the low carbon economy and environmental protection industry. The bank is also attentive to social needs and actively participates in charity work to ensure it gives back to society. It is concerned with community development and contributes to the improvement of the harmonious development of society."
The important topics for CCB were identified in its CSR report 2014, including:
- support green credit policy
- enhance customer satisfaction
- staff incentive programs
- inclusive financial services
- operation continuity