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Industrial BankChina

Active

This profile is actively maintained
Last update: 2025-01-17 00:00:00
Contact:

Industrial Bank head offices in Fuzhou. Photo: BankTrack

Active

This profile is actively maintained
Last update: 2025-01-17 00:00:00
Contact:

Bank info
BankTrack campaigns
All
About
Website https://www.cib.com.cn/en/
Headquarters
154 Hudong Road
350003 Fuzhou, Fujian
China
CEO/chair Chen Xinjian
Vice Chairman, Executive Director ,President
Supervisor
China Banking and Investment Regulatory Commission (CBIRC)
Ownership
listed on Shanghai Stock Exchange

Industrial Bank's shareholder structure can be viewed here.

The Industrial Bank was founded in 1988 and was one of the first batch of joint-stock commercial banks approved by the State Council and the People's Bank of China. The Industrial Bank is considered to be one of the early movers in sustainable finance in China. It was also the first Chinese bank to sign the Equator Principles.

Sustainability
Commitments
Policies
Voluntary standards

Industrial Bank's most important sustainability commitments can be found at the website sections listed below.

Links

Corporate social responsibility

Environmental and social policies

Policies

2025-01-17 00:00:00

ESG and Climate-related risk Management Policy

date listed represents date as accessed on website
Bank policy
2025-01-17 00:00:00 | Industrial Bank
2024-02-02 00:00:00

Interpretation to Corporate Social Responsibilities (CSR)

Date listed represents date as accessed on website
Bank policy
2024-02-02 00:00:00 | Industrial Bank
2022-11-07 00:00:00

ESG-related credit policy

Bank policy
2022-11-07 00:00:00 | Industrial Bank
2021-02-19 00:00:00

Environment and social risk management system

Date listed represents date as accessed on website
Bank policy
2021-02-19 00:00:00 | Industrial Bank
2018-02-08 00:00:00

Anti-money laundering questionnaire

Bank policy
2018-02-08 00:00:00 | Industrial Bank
Industrial Bank has committed itself to the following voluntary standards:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
Global Reporting InitiativeTags: sustainable development | human rights
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
UNEP Finance InitiativeTags: United Nations | sustainable development
Dodgy Deals

Industrial 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 Industrial Bank's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major ‘coal banks’ refuse to stop financing coal power boom in Asia

To stop a wave of new coal development across Asia, the End Coal Finance coalition is asking likely financiers to pledge not to back new coal power projects.
2024-11-14 | Nijmegen | BankTrack, Inclusive Development International, Recourse
Blog
BankTrack news BankTrack blog Partner news Partner blog

Energy supply financing ratios: the next milestone in banks’ climate strategy

The energy supply financing ratio is a key indicator that synthesizes two major challenges in limiting global warming to 1.5°C: the phase-out of fossil fuels and the development of sustainable alternatives.
2024-10-07 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks financed fossil fuels by $6.9 trillion dollars since the Paris Agreement; $705 billion provided in 2023 alone; JPMorgan Chase, Mizuho, and Bank of America are worst 3 funders

Annual Banking on Climate Chaos report with an updated methodology offers comprehensive look at who’s bankrolling the climate crisis
2024-05-13 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

The banks financing dirty steel

The world’s major banks continue to support the largest and most polluting steel producers
2024-03-26 | Paris, France | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Decarbonization: steel not making the cut

Analysis by Reclaim Finance shows that few financial institutions have steel targets, and that those that have been adopted are riddled with flaws
2023-08-23 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Canadian bank RBC the #1 financier of fossil fuels, world’s biggest banks continued to pour billions into fossil fuel expansion

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2023-04-13 | San Francisco | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

CBIRC releases the Green Finance Guidelines for Banking and Insurance Sectors

2022-06-02 | China Banking and Insurance Regulatory Commission
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Climate Chaos: NGOs Name Top Banks Who Put $3.8 Trillion Into Fossil Fuels

BankTrack mentioned
2021-03-24 | Forbes
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles: New BankTrack database sheds light on patchy project name reporting

BankTrack publishes database of Equator-financed projects, together with analysis showing some banks report few or no project names – notable poor performers include ING, HSBC and Lloyds
2020-06-29 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2020-03-21 | New York/Amsterdam | Environmental Paper Network
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
BankTrack news BankTrack blog Partner news Partner blog

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
BankTrack news BankTrack blog Partner news Partner blog

Time to Improve the Equator Principles, BankTrack Says

BankTrack mentioned
2011-10-24 | Washington | Social Funds
BankTrack news BankTrack blog Partner news Partner blog

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financiers search for sustainable future

BankTrack mentioned
2011-10-20 | Washington | Environmental Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Chinese NGOs announce third Green Banking Innovation Award

Establish first Environmental Information Disclosure Award
2010-10-22 | Beijing, China | Green Watershed
BankTrack news BankTrack blog Partner news Partner blog

Hydroelectric dams pose threat to tribal peoples, report warns

2010-08-09 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Time to volunteer

2010-08-03 | China Dialogue
Blog
BankTrack news BankTrack blog Partner news Partner blog

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Official launch of the first project to use the Equator Principles in the China banking sector

2009-12-22 | Sanming, Fujian, China
Blog
BankTrack news BankTrack blog Partner news Partner blog

Chinese NGOs announce the second Green Banking Innovation Award

2009-08-01 | Beijing | Green Watershed, Global Environmental Institute and other Chinese NGOs
Blog
BankTrack news BankTrack blog Partner news Partner blog

民间环保团体评出第二届绿色银行创新奖

2009-08-01 | 中国 北京 | Friends of the Earth US
Blog
BankTrack news BankTrack blog Partner news Partner blog

Eight Chinese NGOs Announce Green Banking Innovation Award

2008-07-26 | Shanghai, China | Green Watershed and seven other Chinese NGOs
Blog
BankTrack news BankTrack blog Partner news Partner blog

Eight Chinese NGOs launch Green Banking Innovation Award

2008 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Chinese banks need to catch up on environmental policies

International banks must take responsibility in advocating for better standards
2007-05-09 | San Fransisco, Utrecht | Friends of the Earth US
Resources
Documents
Links
2025-01-17 00:00:00

ESG and Climate-related risk Management Policy

date listed represents date as accessed on website
Bank policy
2025-01-17 00:00:00 | Industrial Bank
2024-06-30 00:00:00

CSR report 2023

Annual report
2024-06-30 00:00:00 | Industrial Bank
2024-06-01 00:00:00

Annual report 2023

Annual report
2024-06-01 00:00:00 | Industrial Bank
2024-05-13 00:00:00

Banking on climate chaos 2024

Fossil fuel finance report 2024
BankTrack publication
2024-05-13 00:00:00 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club
2024-02-02 00:00:00

Interpretation to Corporate Social Responsibilities (CSR)

Date listed represents date as accessed on website
Bank policy
2024-02-02 00:00:00 | Industrial Bank
2023-10-17 00:00:00

Annual report 2022

Annual report
2023-10-17 00:00:00 | Industrial Bank
2023-04-13 00:00:00

Banking on Climate Chaos 2023

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
BankTrack publication
2023-04-13 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, Urgewald
2023-01-27 00:00:00

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

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

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

Partner publication
2023-01-23 00:00:00 | Urgewald
2022-11-07 00:00:00

ESG-related credit policy

Bank policy
2022-11-07 00:00:00 | Industrial Bank
2022-07-05 00:00:00

Annual report 2021

Annual report
2022-07-05 00:00:00 | Industrial Bank
2022-06-07 00:00:00

CSR report 2021

Annual report
2022-06-07 00:00:00 | Industrial Bank
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
BankTrack publication
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald
2021-06-08 00:00:00

Annual report 2020

Annual report
2021-06-08 00:00:00 | Industrial Bank
2021-06-08 00:00:00

CSR Report 2020

Annual report
2021-06-08 00:00:00 | Industrial Bank
2021-02-19 00:00:00

Environment and social risk management system

Date listed represents date as accessed on website
Bank policy
2021-02-19 00:00:00 | Industrial Bank
2020-07-31 00:00:00

Annual report 2019

Annual report
2020-07-31 00:00:00 | Industrial Bank
2020-07-31 00:00:00

CSR report 2019

Annual report
2020-07-31 00:00:00 | Industrial Bank
2020-07-31 00:00:00

Annual Sustainability Report 2019

Annual report
2020-07-31 00:00:00 | Industrial Bank
2019-06-30 00:00:00

Annual report 2018

Annual report
2019-06-30 00:00:00 | Industrial Bank
2019-06-30 00:00:00

CSR report 2018

Annual report
2019-06-30 00:00:00 | Industrial Bank
2018-03-31 00:00:00

Annual report 2017

Annual report
2018-03-31 00:00:00 | Industrial Bank
2018-03-31 00:00:00

Sustainability report 2017

Annual report
2018-03-31 00:00:00 | Industrial Bank
2018-02-08 00:00:00

Anti-money laundering questionnaire

Bank policy
2018-02-08 00:00:00 | Industrial Bank
2016-07-06 00:00:00

2014 Annual Sustainability Report

(English)
Annual report
2016-07-06 00:00:00 | Industrial Bank
2016-07-06 00:00:00

2015 Annual Sustainability Report

(Chinese)
Annual report
2016-07-06 00:00:00 | Industrial Bank
2016-04-27 00:00:00

Annual Report 2015

(Chinese)
Annual report
2016-04-27 00:00:00 | Industrial Bank
2015-07-21 00:00:00

Annual Report 2014

(English)
Annual report
2015-07-21 00:00:00 | Industrial Bank
2015-04-30 00:00:00

Annual Sustainability Report 2013

Annual report
2015-04-30 00:00:00 | Industrial Bank China
2014-11-25 00:00:00

Going out, but going green?

Assessing the implementation of China's Green Credit Guidelines
BankTrack publication
2014-11-25 00:00:00 | BankTrack, Friends of the Earth US
2014-09-06 00:00:00

Annual Report 2013

(English)
Annual report
2014-09-06 00:00:00 | Industrial Bank
2013-11-25 00:00:00

Green Credit Footprint of Chinese banks (2008-2012)

-Chinese version-
NGO document
2013-11-25 00:00:00 | Green Watershed
2013-04-24 00:00:00

Corporate Social Responsibility Report 2012 (Chinese)

Annual report
2013-04-24 00:00:00 | Industrial Bank
2013-04-24 00:00:00

Annual Report 2012

(English)
Annual report
2013-04-24 00:00:00 | Industrial Bank
2012-11-06 00:00:00

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

Correspondence
2012-11-06 00:00:00 | BankTrack et al.
2012-03-28 00:00:00

Executive Summary of Environmental Report on Chinese Banks (2011)

NGO document
2012-03-28 00:00:00 | Green Watershed
2012-02-24 00:00:00

Notice of the CBRC on Issuing the Green Credit Guidelines

Other bank document
2012-02-24 00:00:00 | China Banking Regulatory Commission
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)

Correspondence
2011-08-29 00:00:00 | Green Watershed
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)

Correspondence
2011-08-29 00:00:00 | Green Watershed
2011-07-06 00:00:00

Environmental Record of Chinese Banks 2010

NGO document
2011-07-06 00:00:00 | Green Watershed
2011-06-24 00:00:00

China Sustainable Finance Newsletter #12 -English-

NGO document
2011-06-24 00:00:00 | Friends of the Earth US
2011-05-25 00:00:00

Industrial Bank Cluster Munitions Investments

Other document
2011-05-25 00:00:00 | Netwerk Vlaanderen & IKV Pax Christi
2011-04-12 00:00:00

中 国银行业环境记录2010

NGO document
2011-04-12 00:00:00 | 于晓刚,绿色流城
2011-03-08 00:00:00

China Sustainable Finance Newsletter #11 -English-

NGO document
2011-03-08 00:00:00 | Friends of the Earth US
2010-12-18 00:00:00

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

Correspondence
2010-12-18 00:00:00 | Banktrack
2010-11-29 00:00:00

China Sustainable Finance Newsletter #10 -English-

NGO document
2010-11-29 00:00:00 | Friends of the Earth US
2010-09-01 00:00:00

China Sustainable Finance newsletter #9 -English-

NGO document
2010-09-01 00:00:00 | Friends of the Earth US
2010-07-26 00:00:00

Credit where its due (2)

Other document
2010-07-26 00:00:00 | Adina Matisoff, Foe US
2010-07-26 00:00:00

Credit where its due (1)

Other document
2010-07-26 00:00:00 | Friends of the Earth US
2010-04-29 00:00:00

Chinese Banks Report -Chinese-

NGO document
2010-04-29 00:00:00 | Green Watershed
2010-04-27 00:00:00

Close the Gap

Benchmarking investment policies of international banks
BankTrack publication
2010-04-27 00:00:00 | BankTrack
2010-03-26 00:00:00

中资银行:谁比谁更绿 民间报告首度披露14 家中资上市银行绿色信贷现状

Other document
2010-03-26 00:00:00 | Southern weekend
2010-03-24 00:00:00

Chinese Banking Industry Environmental Record (NGO analysis) - Executive Summary

NGO document
2010-03-24 00:00:00 | Green Watershed
2009-11-17 00:00:00

China Sustainable Finance Newsletter #6

NGO document
2009-11-17 00:00:00 | Friends of the Earth US
2009-08-17 00:00:00

China Sustainable Finance Newsletter #5 -English-

NGO document
2009-08-17 00:00:00 | Friends of the Earth US
2009-07-13 00:00:00

Press release about adoption of the Equator Principles

Other bank document
2009-07-13 00:00:00 | Industrial Bank
2009-05-15 00:00:00

China Sustainable Finance Newsletter #4 -English-

NGO document
2009-05-15 00:00:00 | Friends of the Earth US

Industrial Bank's webpage on corporate social responsibility

EPN assessment of policies against 14 minimum criteria - Industrial 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.

Accountability
Grievances

Industrial Bank does not operate a complaints or grievances channel for individuals or communities that might have been affected by the bank's financing.

Industrial Bank is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.

This page evaluates Industrial 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 Climate

Banks and Climate

The 2024 Banking on Climate Chaos report showed that Industrial Bank Company provided US$ 66.028 Billion in financing to the fossil fuel industry between 2016 and 2023. In 2023 only, Industrial Bank Company provided US$ 6.356 Billion for oil, gas and coal companies expanding fossil fuels. Find further details on Industrial Bank Company fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.

Fossil fuel finance data Industrial Bank

Banking on Climate Chaos fossil fuel finance data

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tracker (CPT) and the Oil and Gas Policy Tool (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Industrial Bank's fossil fuel policy below.

Assessment of Industrial Bank coal policy in the Coal Policy Tool

Assessment of Industrial Bank oil and gas policy in the Oil and Gas Policy Tracker

Banks and Steel

Banks and Steel

According to a report by Reclaim Finance, between 2016 and June 2023, Industrial Bank Company provided $5.6 billion in finance to the fossil-steel industry, making it the 24th largest financier worldwide. Find further details on Industrial Bank Company's steel financing and how it compares to other large banks globally in the report.

Steeling our future: The banks propping up coal-based steel

Good Moves

Good moves

Year:

2008

Eight Chinese NGOs launch Green Banking Innovation Award

The Green Banking Innovation Award is launched by GreenWatershed and seven other Chinese NGOs. This award encourages the Chinese banking sector to fulfill its societal role to protect the environment, curb emissions and climate change, and promote green development. The award, first won by China Industrial Bank Co. Ltd.,…
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