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China Development BankChina
Active
This profile is actively maintained
Last update: 2024-11-21 15:52:46
China Development Bank head offices. Photo: O via Wikimedia Commons (CC BY-SA 3.0)
Active
This profile is actively maintained
Last update: 2024-11-21 15:52:46
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About
| Website | http://www.cdb.com.cn/English/ |
| Headquarters |
18 Fuxingmennei Street, Xicheng District
100031 Beijing
China
|
| CEO/chair |
Zhao Huan Chairman |
| Supervisor | |
| Ownership |
The China Development Bank is majority-owned by the Chinese state via the Ministry of Finance and Central Huijin Investment. |
China Development Bank (CDB), established in 1994, is the world's largest development finance institution. The bank was originally established as a policy bank to finance the government's large-scale development projects. It is under the direct jurisdiction of the State Council or the People's Central Government. In December 2008 CDB became a commercial bank, however, its sole shareholders were China's Ministry of Finance and the Central Huijin Investment Corp., both departments within the Chinese government. China Development Bank provides financing for national projects such as infrastructure, basic industries, energy and transportation.
Sustainability
Commitments
Policies
Voluntary standards
China Development Bank does not have publicly available bank policies, nor does it have a webpage on sustainability commitments.
China Development Bank has committed itself to the following voluntary standards:
Dodgy Deals
China Development Bank 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 China Development Bank's link to these deals.
Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Resources
Documents
Links
Accountability
Grievances
China Development Bank does not operate a complaints or grievance mechanism for individuals or communities that might have been affected by the bank's finance.
This page evaluates China Development Bank'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".
Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
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Banks and Nature
Banks and Nature
China Development Bank’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 0.5 out of 10 and ranking it as a laggard. China Development Bank achieved a score of 0 out of 10 specifically for its policies related to the beef sector and 0.5 out of 10 for its policies related to the palm oil sector. In addition, BankTrack and the Environmental Paper Network have assessed China Development Bank’s policies related to the pulp and paper sector.
Between 2016 and 2022, China Development Bank provided USD 857 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 27 million as of 2022. For more information, see the links below.
Forest & Finance Policy Assessment 2022: Overall scores
BankLast update
Country
Score
Ranking
Details
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.
Forest & Finance Policy Assessment 2022: Beef
BankLast update
Country
Score
Ranking
Details
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.
Forest & Finance Policy Assessment 2022: Palm Oil
BankLast update
Country
Score
Ranking
Details
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.
Banks and Steel
Banks and Steel
According to a report by Reclaim Finance, between 2016 and June 2023, China Development Bank provided $3.9 billion in finance to the fossil-steel industry, making it the 38th largest financier worldwide. Find further details on China Development Bank's steel financing and how it compares to other large banks globally in the report.
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