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Industrial BankChina
Created before Nov 2016
Last update: 2017-09-01 11:00:29
Yu Xiaogang, Green Watershed
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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.
According to the 2014 performance bulletin, by December 31, 2014, the total assets of the bank hit USD 659.5 billion.
| Website | https://www.cib.com.cn/en/ |
| Headquarters |
154 Hudong Road
350003 Fuzhou, Fujian
China
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| CEO/chair |
Gao Jianping Chairman |
| Supervisor | |
| Annual reports |
2014 Annual Sustainability Report 2015 Annual Sustainability Report Annual Report 2015 |
| Ownership |
listed on Shanghai Stock Exchange
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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.
Projects
Active
Emba Hunutlu coal power plant Turkey
There are no projects active for Industrial Bank now.
Dodgy Deals map
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Policies
Voluntary initiatives
Industrial Bank has committed itself to the following voluntary standards:Investment policies
The bank declared in its CSR policy improvements listed below. You can find policy texts under "Documents" section if the bank has disclosed any of them.
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Issues
Industrial Bank and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Industrial Bank adopted the Equator Principles in 2008.
Reporting on the Equator Principles
Industrial Bank must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- Industrial Bank is not in compliance with its reporting obligations. The link provided is broken or not correct
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., is the first ever in China on the topic of green banking and sustainable finance, and forms part of a trend of increasing public environmental awareness and a growing role for Chinese society in environmental protection.