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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.
China Merchants Bank Tower, No 7088, Shennan Boulevard
Tian Huiyu |
Executive Director and President
Annual report 2021|
CSR Report 2020
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.
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Banks and Climate
Bank net zero commitments
Goal 2025/2030: None
Goal 2050: None
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.
CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets
New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit
Forests & Finance Coalition warns foreign investors about the risk of the anti-environment agenda in the Brazilian Congress
China is world’s second largest financier of deforestation-linked commodities
Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement
Global finance sector failing to apply conservation criteria to pulp and paper funding
Indigenous Groups Lead Movement to Call on Banks to Drop Enbridge’s Controversial Line 3 Pipeline
Financiers of pulp and paper industry projects will cause environmental and social harm, says new report
Call for banks to divest from APRIL
Banking on Climate Chaos 2022
Recipients of the letter about the risk of the anti-environment agenda in the Brazilian Congress
Letter from 30 Indonesian NGOs to PT RAPP financiers on current situation of PT RAPP (APRIL's main supplier)
Financiers of IOI and Asia Pulp & Paper (APP) face material ESG risks from failure to respect land tenure rights
Going out, but going green?
An Open Letter from a Coalition of Environmental NGOs to 16 Chinese banks Regarding the Chromium Pollution Incident in Luliang(English)
Voluntary standardsChina Merchants Bank has committed itself to the following voluntary standards:
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.