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China Merchants BankChina
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Last update: 2023-01-12 11:26:27

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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 Miao Jianmin
Chairman and non-Executive Director
Supervisor
China Banking and Investment Regulatory Commission (CBIRC)
Annual reports CSR report 2021
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 Nature

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
China Merchants Bank
2022-09-21
CHN
0.2
Laggard

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0
China
Profile
Score
Laggard
0.2
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of China Merchants Bank's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on China Merchants Bank's profile.

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
China Merchants Bank
2022-09-21
CHN
0
Laggard

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0
China
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of ABN AMRO's relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on China Merchants Bank's profile.

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
China Merchants Bank
2022-09-21
CHN
0.2
Laggard

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0
China
Profile
Score
Laggard
0.2
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to palm oil. Weighted scores are based on the scope of ABN AMRO's relevant policies, taking into account what types and how much finance the bank provides to companies active in the palm oil industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on China Merchants Bank's profile.

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.

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
2023-01-27 00:00:00

Background briefing: Just 7% of global banks' energy financing goes to renewables, new data shows

2023-01-27 00:00:00 | Profundo for Sierra Club, Fair Finance International, BankTrack, Rainforest Action Network
ngo documents
2023-01-23 00:00:00

Who is Who No. 3 - Chinese commercial banks: an NGO guide

2023-01-23 00:00:00 | Urgewald
our publications
2022-09-12 00:00:00

The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 3 (Chinese version)

东非原油管道:金融风险简报(更新三)
2022-09-12 00:00:00 | BankTrack
annual reports
2022-07-12 00:00:00

CSR report 2021

2022-07-12 00:00:00 | China Merchants Bank
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
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

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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