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Last update: 2022-01-10 16:09:13

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China Merchants Bank Tower. Photo: Cocoablini via Wikimedia (CC0)

About China Merchants Bank

China Merchants Bank (CMB) was established in April 1987 and it is headquartered in Shenzhen, China. The bank was China's first joint-stock commercial bank. CMB primarily focuses on the Chinese domestic market, offering corporate and retail banking products. For overseas markets, CMB has two wholly-owned subsidiaries: Wing Lung Bank and CMB International Capital Corporation and branches in Hong Kong, New York, Taipei and London.

Website http://english.cmbchina.com/
Headquarters
China Merchants Bank Tower, No 7088, Shennan Boulevard
518040 Shenzhen
China
CEO/chair Tian Huiyu
Executive Director and President
Supervisor
China Banking and Investment Regulatory Commission (CBIRC)
Annual reports Annual report 2021
CSR Report 2020
Ownership
listed on Hong Kong Stock Exchange & Shenzhen Stock Exchange

China Merchants Bank's largest shareholder is the China state-owned Assets Supervision & Admn Commission (39.8%). The bank's complete shareholder structure can be accessed here.

Complaints and grievances

China Merchants Bank does not operate a complaints channel for individuals or communities that might have been affected by the bank's finance.

Related Dodgy Deals

China Merchants Bank has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

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On record profiles

Policy Assessments

Banks and Climate

Bank net zero commitments

BankLast update
Country
Target 2025
Target 2030
Net zero 2050
SBT
NZBA
CCCA
Details
China Merchants Bank
2021-03-24
CHN
0
China
Profile
Target 2025
0.5
Target 2030
Net zero 2050
SBT
NZBA
CCCA
20210324
Last update: 2021-03-24
Explanation

Goal 2025/2030: None

Goal 2050: None

Explanation

This table tracks the net zero pledges and commitments of banks. It shows whether banks have committed to net zero by 2050 and have set an interim emissions reduction goal for 2025 and/or 2030. It also notes banks that have not yet set targets but have pledged to do so in the future, including by joining the Collective Commitment to Climate Action or Net Zero Banking Alliance. Finally, it notes whether banks have (pledged to) set Science-Based Targets. More information and references can be found by expanding the 'details' section of each bank.

  • A blue check mark means the bank has set a target or joined the alliance. A check mark does not mean that the target set by the bank meets any particular standard, just that is has set a target. In case we have identified short comings in the target, for example when it only applies to lending and not underwriting), this is noted in the 'details' section.
  • An orange dash means a bank has pledged to set a target (for example, banks commit to set 2030 and 2050 targets when they join the NZBA), but have not yet actually done so.

Abbreviations:

CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets

For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

CBIRC releases the Green Finance Guidelines for Banking and Insurance Sectors

2022-06-02 | China Banking and Insurance Regulatory Commission
blog
external news
our news

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

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2022-03-30 | San Francisco, Bemidji, Nijmegen, Oakland, Paris, Sassenberg, Washington DC | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club, Urgewald
blog
external news
our news

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

2021-11-10 | Fair Finance Asia
blog
external news
our news

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

210+ groups support urgent call to action
2021-09-23 | BankTrack
blog
external news
our news

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

2021-08-19 | Forests & Finance
blog
external news
our news

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

New study finds significant risk associated with nearly 15 billion USD in loans and underwriting by Chinese financial institutions
2021-05-04 | BankTrack, Forests & Finance, Profundo, Rainforest Action Network
blog
external news
our news

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

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
blog
external news
our news

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

2020-03-21 | New York/Amsterdam | Environmental Paper Network
blog
external news
our news

Indigenous Groups Lead Movement to Call on Banks to Drop Enbridge’s Controversial Line 3 Pipeline

Tribal Nations based in Minnesota oppose the project and the Minnesota Department of Commerce has condemned it
2017-09-21 | Minneapolis, MN | Honor the Earth, Rainforest Action Network
blog
external news
our news

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

2017-08-01 | Mandy Haggith – Environmental Paper Network
blog
external news
our news

Call for banks to divest from APRIL

Social conflict and environmental destruction are rife in its operations
2014-12-10 | Nijmegen | BankTrack, Mandy Haggith – Environmental Paper Network
blog
external news
our news

Chinese banks ignore pleas of Ecuador mining campaigners

The failure to respond to an NGO letter challenging investment in the Mirador mining project has played to Ecuadorian fears about China's growing clout
2014-05-14 | Beijing | China Dialogue

Documents

Type:
Year:
our publications
2022-03-30 00:00:00

Banking on Climate Chaos 2022

Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald
annual reports
2022-03-29 00:00:00

Annual report 2021

2022-03-29 00:00:00 | China Merchants Bank
ngo documents
2021-08-19 00:00:00

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

2021-08-19 00:00:00 | BankTrack
csr policies
2021-07-22 00:00:00

Guidelines on environmental information disclosure for financial institutions

2021-07-22 00:00:00 | People's Bank of China
annual reports
2021-06-08 00:00:00

CSR Report 2020

2021-06-08 00:00:00 | China Merchants Bank
our publications
2021-03-24 00:00:00

Banking on Climate Chaos 2021

Fossil Fuel Finance Report
2021-03-24 00:00:00 | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club
annual reports
2021-03-09 00:00:00

Annual report 2020

2021-03-09 00:00:00 | China Merchants Bank
annual reports
2020-07-31 00:00:00

Annual report 2019

2020-07-31 00:00:00 | China Merchants Bank
annual reports
2020-07-31 00:00:00

CSR report 2019

2020-07-31 00:00:00 | China Merchants Bank
annual reports
2019-07-31 00:00:00

CSR Report 2018

2019-07-31 00:00:00 | China Merchants Bank
annual reports
2019-07-31 00:00:00

Annual report 2018

2019-07-31 00:00:00 | China Merchants Bank
correspondence
2017-11-24 00:00:00

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

2017-11-24 00:00:00 | 30 Indonesian NGOs
ngo documents
2017-03-27 00:00:00

Financiers of IOI and Asia Pulp & Paper (APP) face material ESG risks from failure to respect land tenure rights

2017-03-27 00:00:00 | RAN, TuK & Profundo
our publications
2016-09-01 00:00:00

Green Paper, Red lines

Chinese version
2016-09-01 00:00:00 | BankTrack
our publications
2016-06-02 00:00:00

Green Paper, Red Lines

Requirements for pulp and paper industry finance
2016-06-02 00:00:00 | BankTrack, Environmental Paper Network
correspondence
2014-12-10 00:00:00

Letter from EPN to Banks investing in April on APRIL

2014-12-10 00:00:00 | EPN
our publications
2014-11-25 00:00:00

Going out, but going green?

Assessing the implementation of China's Green Credit Guidelines
2014-11-25 00:00:00 | BankTrack, Friends of the Earth US
ngo documents
2013-11-25 00:00:00

Green Credit Footprint of Chinese banks (2008-2012)

-Chinese version-
2013-11-25 00:00:00 | Green Watershed
ngo documents
2012-11-26 00:00:00

Environmental report on Chinese banks 2011

-English summary-
2012-11-26 00:00:00 | Green Watershed
correspondence
2012-11-06 00:00:00

Letter from BankTrack et al. to various financial institutions on APP

2012-11-06 00:00:00 | BankTrack et al.
ngo documents
2012-06-10 00:00:00

Worldwide Investments in Cluster Munitions - June 2012 update

A shared responsibility
2012-06-10 00:00:00 | FairFin and IKV Pax Christi
ngo documents
2012-04-18 00:00:00

Environmental Report on Chinese Banks (2011)

-Chinese version-
2012-04-18 00:00:00 | Green Watershed
ngo documents
2012-03-28 00:00:00

Executive Summary of Environmental Report on Chinese Banks (2011)

2012-03-28 00:00:00 | Green Watershed
bank documents
2012-02-24 00:00:00

Notice of the CBRC on Issuing the Green Credit Guidelines

2012-02-24 00:00:00 | China Banking Regulatory Commission
correspondence
2011-08-29 00:00:00

民间环保组织就陆良化工铬污染事件致16家中资上市银行的公开信(Chinese)

2011-08-29 00:00:00 | Green Watershed
correspondence
2011-08-29 00:00:00

An Open Letter from a Coalition of Environmental NGOs to 16 Chinese banks Regarding the Chromium Pollution Incident in Luliang(English)

2011-08-29 00:00:00 | Green Watershed
ngo documents
2011-07-06 00:00:00

Environmental Record of Chinese Banks 2010

2011-07-06 00:00:00 | Green Watershed

Links

CSR page

http://english.cmbchina.com/CmbIR/ProductInfo.aspx?id=csr

EPN assessment of policies against 14 minimum criteria - China Merchants Bank

Environmental Paper Network (EPN) evaluated the policies of 68 major financiers of the pulp and paper industry against 14 absolute minimum criteria that all financial institutions should require their clients, investments and business partners to respect in order to reduce social and environmental risks.

https://environmentalpaper.org/china-merchants-bank/

Policies

Voluntary standards

China Merchants Bank has committed itself to the following voluntary standards:
  • AA1000 Series of Standards
  • Global Reporting Initiative
  • ISO 26000
  • Natural Capital Declaration
  • UNEP Finance Initiative

Investment policies

China Merchants Bank does not have publicly available investment policies. Nor does the bank have a web page on corporate social responsibility. The bank's csr web page only lists its most recent annual csr report.

Year:
csr policies
2021-07-22 00:00:00

Guidelines on environmental information disclosure for financial institutions

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

Good moves

Year:
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