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Seven financiers abandon TotalEnergies' EACOP pipeline in a week
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Cambo oil field "paused" following pressure on Shell & banks
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Locked out of a Just Transition: fossil fuel financing in Africa
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Industrial Bank head offices in Fuzhou. Photo: BankTrack

About Industrial Bank

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.

Website https://www.cib.com.cn/en/
Headquarters
154 Hudong Road
350003 Fuzhou, Fujian
China
CEO/chair Tao Yiping
Director, President
Supervisor
China Banking and Investment Regulatory Commission (CBIRC)
Annual reports Annual report 2020
CSR Report 2020
Ownership
listed on Shanghai Stock Exchange

Industrial Bank's shareholder structure can be viewed here.

Complaints and 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.

Related Dodgy Deals

Industrial 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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Active profiles
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On record profiles

Policy Assessments

Tracking the Equator Principles

EPFIs reporting status

BankLast update
Country
Reporting period
PF deals under EP
Project names reported
% Project names reported
Details
Industrial Bank of China
2021-08-31
CHN
2020
32
0
0
1.000000001E+36
0
China
Profile
Reporting period
2020
PF deals under EP
32
Project names reported
0
% Project names reported
0
20210831
Last update: 2021-08-31
Explanation

EP reporting page: https://equator-principles.com/reporting-industrial-bank-co-ltd-2020/

Explanation

Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period. 

For more details see this page.

Banks and Climate

Bank net zero commitments

BankLast update
Country
Target 2025
Target 2030
Net zero 2050
SBT
NZBA
CCCA
Details
Industrial Bank of China
2021-03-24
CHN
0
China
Profile
Target 2025
1.5
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

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

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

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

2021-03-24 | Forbes
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

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
blog
external news
our news

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
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

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

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
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

Chinese NGOs announce third Green Banking Innovation Award

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

Hydroelectric dams pose threat to tribal peoples, report warns

2010-08-09 | The Guardian
blog
external news
our news

Time to volunteer

2010-08-03 | China Dialogue
blog
external news
our news

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
external news
our news

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
external news
our news

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
blog
external news
our news

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
blog
external news
our news

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

2009-12-22 | Sanming, Fujian, China
blog
external news
our news

Chinese NGOs announce the second Green Banking Innovation Award

2009-08-01 | Beijing | Green Watershed, Global Environmental Institute and other Chinese NGOs
blog
external news
our news

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
external news
our news

Eight Chinese NGOs Announce Green Banking Innovation Award

2008-07-26 | Shanghai, China | Green Watershed and seven other Chinese NGOs
blog
external news
our news

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

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
2021-06-08 00:00:00

Annual report 2020

2021-06-08 00:00:00 | Industrial Bank
annual reports
2021-06-08 00:00:00

CSR Report 2020

2021-06-08 00:00:00 | Industrial 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
csr policies
2021-02-19 00:00:00

Environment and social risk management system

Date listed represents date as accessed on website
2021-02-19 00:00:00 | Industrial Bank
csr policies
2021-02-19 00:00:00

Environmental and social policies

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

Annual report 2019

2020-07-31 00:00:00 | Industrial Bank
annual reports
2020-07-31 00:00:00

CSR report 2019

2020-07-31 00:00:00 | Industrial Bank
annual reports
2020-07-31 00:00:00

Annual Sustainability Report 2019

2020-07-31 00:00:00 | Industrial Bank
annual reports
2019-06-30 00:00:00

Annual report 2018

2019-06-30 00:00:00 | Industrial Bank
annual reports
2019-06-30 00:00:00

CSR report 2018

2019-06-30 00:00:00 | Industrial Bank
annual reports
2018-03-31 00:00:00

Annual report 2017

2018-03-31 00:00:00 | Industrial Bank
annual reports
2018-03-31 00:00:00

Sustainability report 2017

2018-03-31 00:00:00 | Industrial Bank
csr policies
2018-02-08 00:00:00

Anti-money laundering questionnaire

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

2014 Annual Sustainability Report

(English)
2016-07-06 00:00:00 | Industrial Bank
annual reports
2016-07-06 00:00:00

2015 Annual Sustainability Report

(Chinese)
2016-07-06 00:00:00 | Industrial Bank
annual reports
2016-04-27 00:00:00

Annual Report 2015

(Chinese)
2016-04-27 00:00:00 | Industrial Bank
annual reports
2015-07-21 00:00:00

Annual Report 2014

(English)
2015-07-21 00:00:00 | Industrial Bank
annual reports
2015-04-30 00:00:00

Annual Sustainability Report 2013

2015-04-30 00:00:00 | Industrial Bank China
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
annual reports
2014-09-06 00:00:00

Annual Report 2013

(English)
2014-09-06 00:00:00 | Industrial Bank
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
annual reports
2013-04-24 00:00:00

Corporate Social Responsibility Report 2012 (Chinese)

2013-04-24 00:00:00 | Industrial Bank
annual reports
2013-04-24 00:00:00

Annual Report 2012

(English)
2013-04-24 00:00:00 | Industrial Bank
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
2012-03-28 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
ngo documents
2011-06-24 00:00:00

China Sustainable Finance Newsletter #12 -English-

2011-06-24 00:00:00 | Friends of the Earth US
other documents
2011-05-25 00:00:00

Industrial Bank Cluster Munitions Investments

2011-05-25 00:00:00 | Netwerk Vlaanderen & IKV Pax Christi
ngo documents
2011-04-12 00:00:00

中 国银行业环境记录2010

2011-04-12 00:00:00 | 于晓刚,绿色流城
ngo documents
2011-03-08 00:00:00

China Sustainable Finance Newsletter #11 -English-

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

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

2010-12-18 00:00:00 | Banktrack
ngo documents
2010-11-29 00:00:00

China Sustainable Finance Newsletter #10 -English-

2010-11-29 00:00:00 | Friends of the Earth US
ngo documents
2010-09-01 00:00:00

China Sustainable Finance newsletter #9 -English-

2010-09-01 00:00:00 | Friends of the Earth US
other documents
2010-07-26 00:00:00

Credit where its due (2)

2010-07-26 00:00:00 | Adina Matisoff, Foe US
other documents
2010-07-26 00:00:00

Credit where its due (1)

2010-07-26 00:00:00 | Friends of the Earth US
ngo documents
2010-04-29 00:00:00

Chinese Banks Report -Chinese-

2010-04-29 00:00:00 | Green Watershed
our publications
2010-04-27 00:00:00

Close the Gap

Benchmarking investment policies of international banks
2010-04-27 00:00:00 | BankTrack
other documents
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

2010-03-26 00:00:00 | Southern weekend
ngo documents
2010-03-24 00:00:00

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

2010-03-24 00:00:00 | Green Watershed
ngo documents
2009-11-17 00:00:00

China Sustainable Finance Newsletter #6

2009-11-17 00:00:00 | Friends of the Earth US
ngo documents
2009-08-17 00:00:00

China Sustainable Finance Newsletter #5 -English-

2009-08-17 00:00:00 | Friends of the Earth US
csr policies
2009-07-22 00:00:00

Green credit policy

2009-07-22 00:00:00 | Industrial Bank
bank documents
2009-07-13 00:00:00

Press release about adoption of the Equator Principles

2009-07-13 00:00:00 | Industrial Bank
ngo documents
2009-05-15 00:00:00

China Sustainable Finance Newsletter #4 -English-

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

Links

Industrial Bank's webpage on corporate social responsibility

https://www.cib.com.cn/en/aboutCIB/social/responsibility/index.html

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.

https://environmentalpaper.org/industrial-bank/

Policies

Voluntary standards

Industrial Bank has committed itself to the following voluntary standards:
  • Carbon Disclosure Project
  • Equator Principles
  • Global Reporting Initiative
  • Principles for Responsible Banking (PRB)
  • UNEP Finance Initiative

Investment policies

Industrial Bank's webpage on corporate social responsibility can be accessed here.

Year:
csr policies
2021-02-19 00:00:00

Environment and social risk management system

Date listed represents date as accessed on website
2021-02-19 00:00:00 | Industrial Bank
csr policies
2021-02-19 00:00:00

Environmental and social policies

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

Anti-money laundering questionnaire

2018-02-08 00:00:00 | Industrial Bank
csr policies
2009-07-22 00:00:00

Green credit policy

2009-07-22 00:00:00 | Industrial Bank

Equator Principles

Implementation and reporting

Industrial Bank is reporting on the implementation here.

Contact and complaints

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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