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Last update: 2022-02-10 15:38:00
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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.
154 Hudong Road
350003 Fuzhou, Fujian
Tao Yiping |
Annual report 2020|
CSR Report 2020
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
Dodgy Deals map
Tracking the Equator Principles
EPFIs reporting status
EP reporting page: https://equator-principles.com/reporting-industrial-bank-co-ltd-2020/
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.
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
China is world’s second largest financier of deforestation-linked commodities
Climate Chaos: NGOs Name Top Banks Who Put $3.8 Trillion Into Fossil Fuels
Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement
Equator Principles: New BankTrack database sheds light on patchy project name reporting
Global finance sector failing to apply conservation criteria to pulp and paper funding
While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning
BankTrack to Equator Principles banks; ‘get the Outside Job done’
Chinese NGOs announce third Green Banking Innovation Award
New rules for Equator Principles, but no new commitments from banks
BankTrack calls upon banks to Close the Gap on investment policies
Equator Principles: Action, not words needed
Civil society groups call for bold steps forward with Equator Principles
Official launch of the first project to use the Equator Principles in the China banking sector
Banking on Climate Chaos 2022
Environment and social risk management system
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 standardsIndustrial Bank has committed itself to the following voluntary standards:
Industrial Bank's webpage on corporate social responsibility can be accessed here.
Implementation and reporting
Industrial Bank is reporting on the implementation here.