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Home › Banks ›
Bank
Industrial and Commercial Bank of China (ICBC)China

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This profile is actively maintained
Last update: 2024-12-17 00:00:00
ICBC's head office Beijing. Photo: RudolfSimon via Wikimedia Commons (CC-BY-SA 3.0)

Active

This profile is actively maintained
Last update: 2024-12-17 00:00:00
Bank info
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About
Website http://www.icbc-ltd.com/ICBCLtd/en/
Headquarters
55 Fuxingmennei Avenue, Xicheng District
10032 Beijing
China
CEO/chair Chen Siqing
Chairman and Executive Director
Supervisor
China Banking and Investment Regulatory Commission (CBIRC)
Ownership
listed on Hong Kong Stock Exchange & Shanghai Stock Exchange

The Chinese government owns via Central Huijin Investment 34.71% of ICBC shares. ICBC's complete shareholder structure can be accessed here.

The Industrial and Commercial Bank of China (ICBC) is a joint-stock commercial bank based in the People's Republic of China. Founded in 1984, ICBC is the world's largest bank by asset value. ICBC has expanded its operations outside of China through mergers and acquisitions, as well as registering branch offices in foreign countries. In 2007, ICBC acquired PT. Bank Indonesia and Heng Seng Bank, as well as a 20% stake in Standard Bank of South Africa. It also set up offices in Russia, Dubai, Doha, Sydney and New York.

Sustainability
Commitments
Policies
Voluntary standards

ICBC does not have publicly available bank policies nor does it have a web page on its sustainability commitments. The bank's webpage on corporate social responsibility only lists the bank's most recent annual csr reports.

2021-09-17 00:00:00

Credit policies for domestic industries: mining, energy, oil & gas, transportation, biodiversity and agriculture

Page 12 of 2021 interim ESG report
Bank policy
2021-09-17 00:00:00 | ICBC
2021-07-22 00:00:00

Guidelines on environmental information disclosure for financial institutions

Bank policy
2021-07-22 00:00:00 | People's Bank of China
2019-05-31 00:00:00

Modern Slavery Statement

Bank policy
2019-05-31 00:00:00 | ICBC
Industrial and Commercial Bank of China (ICBC) has committed itself to the following voluntary standards:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Global Reporting InitiativeTags: sustainable development | human rights
Guidelines for Ecological Environmental Protection of Foreign Investment Cooperation and Construction ProjectsTags: China | corporate social responsibility
ISO 26000Tags:
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
United Nations Global CompactTags: United Nations | human rights
Dodgy Deals

Industrial And Commercial Bank Of China (ICBC) 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 And Commercial Bank Of China (ICBC)'s link to these deals.

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

Shedding Light on the Role of Chinese Banks in Abuses Against Environmental Defenders

2025-05-06 | Latinoamérica Sustentable
Blog
BankTrack news BankTrack blog Partner news Partner blog

Report: Banks funneled $902 billion to top polluters through this backdoor channel

New research by corporate accountability group Ekō has exposed banks for a staggering $902 billion in underwriting and group-level financing for 30 of the most polluting companies over the past eight years.
2025-03-24 | Eko
Blog
BankTrack news BankTrack blog Partner news Partner blog

Without tackling plastic finance, we walk on a dead-end road

2025-01-29 | Manon Stravens - Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

Mozambique LNG: Financial institutions so far refrain from taking a stance on allegations of severe human rights violations associated with the project

2025-01-22 | BankTrack, urgewald, Friends of the Earth Europe, Friends of the Earth Japan, Friends of the Earth United States, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, Milieudefensie, Reclaim Finance, ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks were largest “corporate enablers” of Russia’s war in Ukraine in 2023, new research finds

Austria’s Raiffeisen Bank International, Italy’s UniCredit, and Hungary’s OTP among top ten tax contributors in Russia
2025-01-13 | BankTrack, B4Ukraine, KSE Institute, Squeezing Putin
Blog
BankTrack news BankTrack blog Partner news Partner blog

Communities and activists in Uganda and Tanzania take to the streets in response to reports indicating that Chinese financing for EACOP may be imminent

2024-12-13 | #StopEACOP
Blog
BankTrack news BankTrack blog Partner news Partner blog

Most large banks still failing to implement UN human rights principles, new BankTrack benchmark finds

Despite gradual progress, banks show little action in addressing impacts, protecting vulnerable groups and supporting affected communities.
2024-11-27 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

‘The land belongs to Mozambicans, not to France’

Two week long protest continues against TotalEnergies and its Mozambique LNG gas project for resettlement violations in Afungi Communities, Palma District, Cabo Delgado, Mozambique
2024-11-15 | Justiça Ambiental (JA!)/Friends of the Earth Mozambique
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

As the world chokes in plastic, banks continue to finance plastic production

New research reveals a lack of bank policies dealing with the impact of plastics on climate, nature and humans
2024-10-17 | Amsterdam | BankTrack, Plastic Soup Foundation, Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major banks fueling biodiversity collapse by $395 billion since the Paris Agreement; Governments failing to reign in banks

New reports reveal escalating financing to destructive sectors and highlight the urgent need for financial sector regulations to achieve Global Biodiversity Goals
2024-10-16 | San Francisco | BankTrack, Amazon Watch, CED Cameroon, Friends of the Earth US, Milieudefensie, Profundo, Rainforest Action Network, Repórter Brasil, Sahabat Alam Malaysia, TuK INDONESIA
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

International NGOs call for immediate official investigation into reports of series of atrocities committed by Mozambican security forces near TotalEnergies’ Mozambique LNG premises

2024-09-27 | BankTrack, Friends of the Earth Europe, Friends of the Earth Japan, Friends of the Earth US, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, Milieudefensie, Reclaim Finance, ReCommon
BankTrack news BankTrack blog Partner news Partner blog

Uganda: 72 arrests in August alone as authorities continue to crack down on human rights defenders opposing oil development projects

The alarming numbers mark a new escalation in the repression of those voices denouncing the human rights and environmental impacts of projects in Uganda’s oil frontier. The International Federation for Human Rights condemns the latest wave of detentions and urges authorities to immediately end their clampdown on civil society.
2024-09-05 | FIDH
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack set to publish 2024 Global Human Rights Benchmark in November

50 of the world’s largest banks were invited to provide feedback on draft assessments of their human rights disclosures
2024-07-23 | Nijmegen, Netherlands | Giulia Barbos – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Mass arrests in Uganda, as hundreds gather worldwide urging China to halt EACOP

2024-06-26 | Kampala, Uganda | BankTrack, #StopEACOP
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

Banks have not quit coal, 8 years after the Paris Agreement

Banks in China dominate global coal financing; those in Indonesia are outliers in having increased finance for coal since 2016
2024-05-03 | Nijmegen | Will O'Sullivan – BankTrack
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

New EACOP Finance Risk Update highlights numerous risks for financiers exposed to oil pipeline

2024-02-12 | BankTrack, AFIEGO, Both ENDS, Inclusive Development International, Insure our Future, Just Share
Blog
BankTrack news BankTrack blog Partner news Partner blog

Three years after attempted coup, international banks still ignore the junta’s violent capture of the Myanmar-China pipelines

2024-02-01 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

US threatens sanctions on banks that help fund Russia’s war machine

2023-12-22 | Financial Times
BankTrack news BankTrack blog Partner news Partner blog

Wall Street Makes Zero Progress in Energy Finance Transition

The industry needs to get to a 4-to-1 ratio of clean energy versus fossil-fuel financing. At the end of last year, it was 0.73 to 1—little changed from 2021.
2023-12-14 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

67 organisations call on banks to cease financing metallurgical coal

Banks risk stranded assets & climate catastrophe in steel lending without metallurgical coal exclusions
2023-12-07 | Nijmegen | BankTrack, Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

China targeted by climate campaigners over controversial East Africa oil pipeline project

2023-11-22 | South China Morning Post
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global protests call on China to reject destructive East African Oil Pipeline

2023-11-20 | Kampala, Uganda | BankTrack, #StopEACOP, 350.org Africa
Blog
BankTrack news BankTrack blog Partner news Partner blog

124 civil society organisations call on financial institutions to withdraw support for TotalEnergies’ Mozambique LNG project

2023-11-17 | BankTrack, and partners, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, Milieudefensie, Reclaim Finance, ReCommon
BankTrack news BankTrack blog Partner news Partner blog

Environmental groups urge funding halt for TotalEnergies' Mozambique project

2023-11-17 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

China steps in to save Uganda oil pipeline as Western lenders back out over environmental concerns

2023-09-23 | South China Morning Post
BankTrack news BankTrack blog Partner news Partner blog

Who is left to fund East Africa’s controversial oil pipeline?

As potential financiers pull out due to climate concerns, expectations are growing that Chinese banks and insurers will step in
2023-09-05 | China Dialogue
Blog
BankTrack news BankTrack blog Partner news Partner blog

The causes fueling the climate crisis are receiving 20 times more financing than the solutions, new groundbreaking report by ActionAid reveals

2023-09-04 | ActionAid
BankTrack news BankTrack blog Partner news Partner blog

Chinese lenders extend billions of dollars to Russian banks after western sanctions

2023-09-03 | Financial Times
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

A year and a half after Russia's invasion of Ukraine, Raiffeisen, UniCredit, and Citi profited the most among foreign banks in Russia

2023-08-07 | B4Ukraine
BankTrack news BankTrack blog Partner news Partner blog

“Our Trust is Broken” - Loss of Land and Livelihoods for Oil Development in Uganda

2023-07-10 | Human Rights Watch
Blog
BankTrack news BankTrack blog Partner news Partner blog

Climate activists and CSOs hold protests targeting Standard Bank in solidarity with frontline communities in Uganda, Tanzania and Mozambique

2023-06-12 | Africa | BankTrack, #StopEACOP, 350.org Africa, AFIEGO, Earthlife Africa, Justiça Ambiental (JA!)/Friends of the Earth Mozambique
Blog
BankTrack news BankTrack blog Partner news Partner blog

Mitsubishi UFJ Financial Group distances itself from the East African Crude Oil Pipeline

The announcement follows growing pressure from climate activists and StopEACOP
2023-06-05 | BankTrack, #StopEACOP
Blog
BankTrack news BankTrack blog Partner news Partner blog

Standard Chartered refuses financing for controversial $5 billion Ugandan oil pipeline

The decision is particularly significant as the bank had previously confirmed that it was undertaking due diligence on financing for the project
2023-05-02 | Kampala, Uganda | BankTrack
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
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financial and reputational risks of EACOP pile up amidst growing opposition to project

EACOP: Finance Risk Update No. 4
2023-04-12 | BankTrack, AFIEGO, Both ENDS, Center for International Environmental Law (CIEL), Inclusive Development International, Insure our Future, Just Share
Blog
BankTrack news BankTrack blog Partner news Partner blog

Who dares to finance Eni and Exxon’s dangerous Rovuma gas plans in Mozambique?

Two banks made clear they will avoid financing Rovuma LNG, but plenty remain in the frame.
2023-03-20 | BankTrack, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

'Go Clean ICBC coalition' report finds China's 'Green Bank' is falling short of its renewable energy commitments

2023-02-02 | Go Clean ICBC Coalition
BankTrack news BankTrack blog Partner news Partner blog

How does drilling for oil in Uganda’s national park live up to China’s COP15 biodiversity pledge?

2022-12-25 | South China Morning Post
Blog
BankTrack news BankTrack blog Partner news Partner blog

New human rights assessment of banks shows slow progress and lack of action to address key gaps on reporting and remedy

BankTrack’s 2022 Global Human Rights Benchmark finds reporting at a standstill, remedy still lacking and no clear leaders
2022-11-17 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report on climate commitments of Turkish banks

350.org assesses policies of 17 Turkish banks
2022-11-14 | 350.org Turkey
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global bank policies ‘dangerously inadequate’ to prevent financing of deforestation, climate chaos and human rights abuses

As the climate and biodiversity crisis intensifies, credit to forest-risk commodity companies increased 160% between 2020 and 2021.
2022-10-18 | Forests & Finance Coalition
BankTrack news BankTrack blog Partner news Partner blog

Santos announces refinancing of syndicated debt facilities

Santos announced it had executed documentation to amend and extend its two syndicated bank loan facilities totalling US$1.25 billion.
2022-08-30 | Santos
Blog
BankTrack news BankTrack blog Partner news Partner blog

Jackdaw shows once again Shell is failing on climate. So why are its bankers failing to act?

2022-07-19 | The Hague, The Netherlands | Sumeyra Arslan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks have arranged US$2.7 trillion in bonds for fossil fuel companies

2022-07-12 | Australia | The Sunrise Project
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack hosts webinars on the 2022 Banking on Climate Chaos report

Webinar programme organized along with Reclaim Finance, Amazon Watch and 350 Latin America featured frontline community activists from Uganda to Ecuador
2022-06-30 | Savon van den Berk
Blog
BankTrack news BankTrack blog Partner news Partner blog

As the Industrial and Commercial Bank of China holds its Annual General Meeting, civic groups call for the bank to stop funding fossil fuels

2022-06-23 | #StopEACOP, 350.org
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Despite ‘no deforestation’ rhetoric, major brands and banks failing to stop deforestation and human rights abuses

Annual analysis reveals that as threats facing Indigenous communities in rainforest regions increase, demand-side companies are failing to reform supply chains
2022-06-14 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Climate groups call on Shell’s bankers to stop Jackdaw gas field

UK government’s regulatory approval opens the door for Shell to move ahead with the Jackdaw field
2022-06-03 | BankTrack
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

At least $132 billion in finance for fossil fuels is locking Africa out of a Just Transition, shows new report

African countries kept in fossil fuel stranglehold by Overseas money
2022-03-03 | BankTrack, 350.org Africa, AFIEGO, Africa Coal Network, Alerte Congolaise pour l’Environnement et les Droits de l’Homme (ACEDH), Alliance for Empowering Rural Communities (AERC), Centre for Alternative Development (CAD), Environment Governance Institute (EGI), Friends of the Earth Ghana, Friends of the Earth Mozambique, Friends of the Earth Togo, Innovation for the Development and Protection of the Environment (IDPE), Laudato Si, Lumière Synergie pour le Développement (LSD), Milieudefensie, Oil Change International, Save Okavango (SOUL), Solidarité pour la Réflexion et Appui au Développement Communautaire (SORADEC), Synergie de Jeunes pour le Développement et les Droits Humains (SJDDH), Women Environmental Programme Nigeria, WoMin, Zimbabwe Environmental Law Association (ZELA)
Blog
BankTrack news BankTrack blog Partner news Partner blog

Who is still financing the global coal industry?

New research reveals banks and investors behind the world’s worst climate offenders
2022-02-15 | Berlin | Urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

Total’s EACOP pipeline another step closer to going ahead

They can’t build the pipeline if they don’t find enough money to pay for it. They’re short by at least $2.5 billion so we still have a chance to stop this this planet-wrecking project.
2022-01-31 | 350.org, Isabelle L'Héritier
Blog
BankTrack news BankTrack blog Partner news Partner blog

Repeat offenders NAB, ANZ and Westpac bankrolling “bet against the Paris Agreement”

NAB, ANZ and Westpac are among 18 global banks that have loaned to a gas processing facility that paves the way for a carbon bomb at the scale of 15 coal power stations.
2022-01-20 | Market Forces
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks failing to address severe human rights impacts transparently, finds BankTrack research

Findings reinforce the need for regulators to ensure access to effective remedy for people affected by bank finance
2021-12-14 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Before the Flood: The dam that threatens one of Africa’s oldest national parks

Report reveals Chinese dam builder’s financial ties to banks and asset managers including Industrial and Commercial Bank of China, Standard Chartered, Société Générale, BlackRock and Vanguard.
2021-12-08 | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

A future without coal: banking on Asia's just energy transition

2021-11-10 | Fair Finance Asia
Blog
BankTrack news BankTrack blog Partner news Partner blog

The Industrial and Commercial Bank of China should finance a green and low-carbon future, not the East African Crude Oil Pipeline

主题:请求中国工商银行资助绿色低碳未来, 而不是东非原油管道
2021-10-29 | #StopEACOP
Blog
BankTrack news BankTrack blog Partner news Partner blog

Meet the banks funding the owners of the Cambo oil field

New research shines a spotlight on the banks backing Shell and Siccar Point Energy
2021-10-29 | #StopCambo
Blog
BankTrack news BankTrack blog Partner news Partner blog

Changes to China’s banking law could help – or hurt – the planet

China has an opportunity to stop its banks from financing biodiversity loss
2021-10-15 | BankTrack, Global Witness
BankTrack news BankTrack blog Partner news Partner blog

‘Wreckers of the Earth’: 300 London-based companies destroying the planet

2021-10-14 | Corporate Watch
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

Forests & Finance Coalition warns foreign investors about the risk of the anti-environment agenda in the Brazilian Congress

2021-08-19 | Forests & Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

East African Crude Oil Pipeline: new update on risks and impacts for financiers

2021-08-09 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

ICBC withdraws from financing $3 billion Sengwa coal-fired power plant in Zimbabwe

2021-07-12 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

How the world’s largest bank could—and should—become a leader in green finance

2021-06-30 | Fortune
BankTrack news BankTrack blog Partner news Partner blog

Biggest China bank abandons $3 billion Zimbabwe coal plan

2021-06-30 | Bloomberg
BankTrack news BankTrack blog Partner news Partner blog

Biggest China Bank Abandons $3 Billion Zimbabwe Coal Plan

2021-06-30 | Bloomberg
BankTrack news BankTrack blog Partner news Partner blog

Uganda’s Huge Fossil Fuel Venture Raises Fears of Environmental Damage

2021-06-25 | The Elephant
BankTrack news BankTrack blog Partner news Partner blog

Half of China-Backed Overseas Coal Projects Shelved

Only one out of the 52 projects announced went into operation. Pullback comes as voices against coal financing grow globally
2021-06-16 | Bloomberg Green
BankTrack news BankTrack blog Partner news Partner blog

Is Chinese bank ICBC’s coal exit a power move for a greener belt and road?

ICBC chief economist Zhou Yueqiu says the bank will make a road map and timeline for the gradual withdrawal of coal financing
2021-06-13 | South China Morning Post
BankTrack news BankTrack blog Partner news Partner blog

Chinese banks urged to divest from firms linked to deforestation

China funnelling billions into harmful production of beef, soy and palm oil, says campaign group
2021-06-09 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

World’s 50 largest banks and investors driving deforestation through weak policies and major investments, new study finds

Top investors BlackRock, Vanguard, State Street, PNB, EPF, GPIF, and KWAP all amongst lowest scoring
2021-06-08 | Forests & Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Under the spotlight: Chinese banks' risky agribusiness portfolio

New Global Witness analysis shows Chinese banks are pouring billions into destructive agribusiness linked to global deforestation, highlighting huge gaps in environmental and social risk management
2021-06-07 | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

Revealed: Businesses and banks behind global plastic waste crisis

Just 20 companies produce over 50 per cent of all single-use plastic - Top financial institutions enabling plastic waste identified
2021-05-18 | Minderoo Foundation
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

Gov’t not bothered about banks refusing to finance EACOP

2021-04-27 | Kampala, Uganda | The Independent
BankTrack news BankTrack blog Partner news Partner blog

East African Crude Oil Pipeline (EACOP) will disenfranchise local communities in Uganda and Tanzania (By Charity Migwi, Edwin Mumbere and Evelyn Acham)

2021-03-26 | Africa News
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
BankTrack news BankTrack blog Partner news Partner blog

Kenyan coal project shows why Chinese investors need to take environmental risks seriously

2021-03-09 | China Dialogue
BankTrack news BankTrack blog Partner news Partner blog

Standard Bank reviewing oil pipeline financing concerns

2021-03-03 | Daily Monitor
BankTrack news BankTrack blog Partner news Partner blog

NGOs' pressure on banks threatens $3.5bn pipeline project financing

BankTrack mentioned
2021-03-02 | The East African
BankTrack news BankTrack blog Partner news Partner blog

263 ONG appellent les banques à ne pas financer la construction de l’oléoduc ougando-tanzanien

2021-03-01 | Agence Ecofin
BankTrack news BankTrack blog Partner news Partner blog

Más de 260 ONG piden a bancos no financiar un polémico oleoducto de África

2021-03-01 | Swiss Info
BankTrack news BankTrack blog Partner news Partner blog

Standard Bank targeted in appeal to avoid financing oil pipeline in East Africa

2021-03-01 | Business Live
BankTrack news BankTrack blog Partner news Partner blog

NGOs ask banks not to finance East African oil pipeline

2021-03-01 | Business Maverick
BankTrack news BankTrack blog Partner news Partner blog

In Brief: Nonprofits urge banks not to finance oil pipeline in East Africa

2021-03-01 | Devex
BankTrack news BankTrack blog Partner news Partner blog

Banks targeted in StopEACOP campaign

2021-03-01 | Energy Voice
BankTrack news BankTrack blog Partner news Partner blog

Organisations call on Standard Bank, others not to finance East African oil pipeline

2021-03-01 | Engineering News
BankTrack news BankTrack blog Partner news Partner blog

Organizations aim to block funds for East African oil pipeline

BankTrack mentioned
2021-03-01 | Mongabay
BankTrack news BankTrack blog Partner news Partner blog

Banks urged to steer clear of East Africa oil pipeline financing

2021-03-01 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Over 260 organisations call on banks not to finance Total’s East African Crude Oil Pipeline

With a final investment decision nearing, African and International organisations warn banks against joining $2.5 billion loan for a “manifestly irresponsible” project • New stopeacop.net campaign website launched.
2021-03-01 | International | BankTrack, 350.org Africa, AFIEGO, Inclusive Development International, IUCN NL
Blog
BankTrack news BankTrack blog Partner news Partner blog

Groundbreaking research reveals the financiers of the coal industry

Today, Urgewald & partners published an analysis of the financiers & investors behind the entire coal industry for the 1st time. One of the shocking results was that banks provide more money to coal than in 2016.
2021-02-25 | urgewald, Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Cambodia: Communities impacted by Lower Sesan 2 Hydropower Project seek IFC dispute resolution process; Companies' responses

2021-02-22 | BHRRC
BankTrack news BankTrack blog Partner news Partner blog

Regulator Criticizes Three Bond Underwriters in Yongcheng Coal Scandal

2021-01-18 | Caixing Global
BankTrack news BankTrack blog Partner news Partner blog

China's stillborn coal investment in Turkey

2021-01-14 | Climate action network Europe
BankTrack news BankTrack blog Partner news Partner blog

CBIRC penalises state-owned financial institutions and subsidiaries

2021-01-11 | Regulation Asia
Blog
BankTrack news BankTrack blog Partner news Partner blog

Five years lost - How the finance industry is blowing the Paris carbon budget

2020-12-10 | Paris | urgewald, Center for Energy, Ecology, and Development (CEED), Friends of the Earth US, Rainforest Action Network, Reclaim Finance, ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Crude Risk: Risks to banks and investors from the East African Crude Oil Pipeline

Civil society groups issue new finance risk briefing
2020-11-18 | BankTrack, AFIEGO, Both ENDS, Inclusive Development International, Just Share
Blog
BankTrack news BankTrack blog Partner news Partner blog

Industrial and Commercial Bank of China withdraws financing from the Lamu Coal Plant

2020-11-16 | Save Lamu
Blog
BankTrack news BankTrack blog Partner news Partner blog

A call to action on the Principles for Responsible Banking: End climate-destructive financing now

2020-10-20
BankTrack news BankTrack blog Partner news Partner blog

Uganda oil start date in doubt despite crucial agreements

2020-10-13 | Petroleum Economist
Blog
BankTrack news BankTrack blog Partner news Partner blog

Principles for Responsible Banking no obstacle to finance climate destruction

Twenty PRB banks provided over US$1.25 trillion in fossil fuel financing since Paris Agreement
2020-09-22 | Nijmegen | BankTrack, Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Banks are fueling deadly fires, Covid-19 threatens to compound the risks

2020-09-08 | forestsandfinance.org
BankTrack news BankTrack blog Partner news Partner blog

More than 20 Turkish NGOs demand withdrawal of finance by Chinese banks to the Hunutlu coal-fired power plant

More than 20 NGOs including East Mediterranean Platform of Environment Associations, the Chamber of Doctors in Adana, Chamber of Agricultural Engineers in Adana, 350.org, Climate Action Network Europe (CAN Europe), Ekosfer, Greenpeace Mediterranean, Health and Environment Alliance (HEAL), and Yuva Association called Chinese banks to withdraw their financial support to the Hunutlu coal-fired power plant that is being constructed in the Yumurtalik District of Adana, Turkey
2020-06-09 | Climate Action Network Europe
BankTrack news BankTrack blog Partner news Partner blog

Will China continue to bank on coal?

2020-06-01 | Dry Cargo International
Blog
BankTrack news BankTrack blog Partner news Partner blog

265 Civil society groups call on Chinese actors to ensure that Covid-19 financial relief does not bail out harmful projects

2020-05-01 | BankTrack, Inclusive Development International
Blog
BankTrack news BankTrack blog Partner news Partner blog

CSOs react to African Development Bank’s statement rejecting claims of potential pipeline funding

2020-04-24 | BankTrack, 350.org, Africa Institute for Energy Governance, Inclusive Development International
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report profiles major brands and banks driving deforestation and human rights abuses, failing to meet 2020 commitments

2020-03-31 | San Francisco | Rainforest Action Network
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
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Change – Fossil Fuel Finance Report Card 2020

New report reveals global banks funneled USD 2.7 trillion into fossil fuels Since Paris Climate Agreement, with financing on the rise each year 
2020-03-18 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Massive forest fires and haze in Indonesia create public health and climate crisis

2019-09-19 | Environmental Paper Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

China’s promise of responsible belt and road investments is in the hands of its bankers

All along the belt and road, from Myanmar to Peru, ignoring community feedback is costing Chinese investors dearly. China’s banks and financial institutions need to quickly adopt an accountability framework for Chinese investments abroad
2019-06-13 | South China Morning Post
BankTrack news BankTrack blog Partner news Partner blog

Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

2019-03-20 | Desmogblog.com
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
2019-03-20 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks massively financing fossil fuels unclear about future of ... fossil fuels

Few banks acknowledge relation between fossil fuels and climate breakdown
2018-12-20 | Nijmegen
Blog
BankTrack news BankTrack blog Partner news Partner blog

COP24: New research reveals the banks and investors financing the expansion of the global coal plant fleet

Japanese banks top lenders, Chinese banks top underwriters; US companies biggest institutional investors in the coal plant pipeline
2018-12-05 | Katowice, Poland | BankTrack, urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

Principles must bring commitments

Banks endorsing draft Principles for Responsible Banking called upon to urgently act on what they sign
2018-11-26 | Paris | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Pipeline: Stepping stone for Japanese financiers

2018-10-08 | Daily Monitor
BankTrack news BankTrack blog Partner news Partner blog

World economy at risk of another financial crash, says IMF

2018-10-03 | Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

Despite 2017 being the costliest year on record for weather disasters, new report reveals that banks increased extreme fossil fuel financing last year, led by a more than doubling in lending to tar sands companies and pipelines.
2018-03-28 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Investing in a Green Belt and Road? Assessing the Implementation of China’s Green Credit Guidelines Abroad

The Chinese government has become an unexpected leader in pushing for new green credit policies, but are Chinese banks doing their part to keep the belt and road initiative green?
2017-12-13 | Friends of the Earth US
Blog
BankTrack news BankTrack blog Partner news Partner blog

Chinese banks rule out Carmichael coal mine!

2017-12-05 | Market Forces
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financiers of pulp and paper industry projects will cause environmental and social harm, says new report

2017-08-01 | Mandy Haggith – Environmental Paper Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing

- Oil traders Trafigura and Vitol received over $100 billion in loans since 2012
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa
2017-05-23 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

New online platform reveals banks and investors financing companies linked to tropical forest loss in Southeast Asia

Financial sector under the spotlight in new international push to protect forests and forest communities
2016-09-06 | Singapore | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Call for banks to divest from APRIL

Social conflict and environmental destruction are rife in its operations
2014-12-10 | Nijmegen | BankTrack, Mandy Haggith – Environmental Paper Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks not yet living up to UN human rights principles, finds BankTrack

New research finds inadequate reporting on human rights impacts, and failure to establish mechanisms to allow complaints.
2014-12-02 | Geneva | BANKTRACK
Blog
BankTrack news BankTrack blog Partner news Partner blog

'Record year' for bank coal financing as latest UN climate warning looms

2014-10-29 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Chinese banks ignore pleas of Ecuador mining campaigners

The failure to respond to an NGO letter challenging investment in the Mirador mining project has played to Ecuadorian fears about China's growing clout
2014-05-14 | Beijing | China Dialogue
Blog
BankTrack news BankTrack blog Partner news Partner blog

Australian coal projects could be ineligible to receive Chinese finance

2013-07-24 | Melbourne | Market Forces
Blog
BankTrack news BankTrack blog Partner news Partner blog

Bankrolling Climate Change

NGOs present groundbreaking research on banks’ involvement in coal financing
2011-11-30 | Durban | urgewald, Earthlife, BankTrack and groundWork
Blog
BankTrack news BankTrack blog Partner news Partner blog

China digs in conflict-ridden Burma for oil and gas

2011-09-06 | Bangkok | Finance GreenWatch
Blog
BankTrack news BankTrack blog Partner news Partner blog

Chinese NGOs Rank the Country’s Major Financiers, Launch Sustainability Benchmarking of Chinese Commercials Banks

2011-07-11 | Kunming, China | Green Watershed
BankTrack news BankTrack blog Partner news Partner blog

ICBC quiet over controversial dam project

2011-06-02 | South China Morning Post
Blog
BankTrack news BankTrack blog Partner news Partner blog

Kenyans to petition Chinese involvement in Ethiopia's Gibe 3 Dam

2011-02-16 | Nairobi
BankTrack news BankTrack blog Partner news Partner blog

China bank ICBC opens office in Amsterdam

2011-01-21 | China Daily
Blog
BankTrack news BankTrack blog Partner news Partner blog

Chinese loan underwrites Gibe 3 dam destruction

2010-09-17 | Kenya | International Rivers, Friends of Lake Turkana, BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Gibe 3: African Development Bank and European Investment Bank out. Who's in?

2010-08-27 | Ethiopia | Terri Hathaway, International Rivers
BankTrack news BankTrack blog Partner news Partner blog

China, South Africa in talks on nuclear power cooperation

2010-08-24 | Beijing | Fox Business
Blog
BankTrack news BankTrack blog Partner news Partner blog

The Gibe 3 dam – a test case for China’s role in Africa

2010-08-09 | San Fransisco | International Rivers
BankTrack news BankTrack blog Partner news Partner blog

Time to volunteer

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

Ethiopia dam blot on China's record

Project threatens devastating environmental consequences, global green group says
2010-06-07 | International Rivers
Blog
BankTrack news BankTrack blog Partner news Partner blog

China’s biggest bank to support Africa’s most destructive dam

2010-05-13 | Ethiopia | International Rivers
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

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

China adopts sustainable lending laws

Shows potential way forward for global financial regulators
2008-11-20 | US and Netherlands | Friends of the Earth US
Blog
BankTrack news BankTrack blog Partner news Partner blog

中国采纳可持续借贷法规

为全球金融监管者指引潜在前进方向
2008-11-20 | US and Netherlands | Friends of the Earth US
Blog
BankTrack news BankTrack blog Partner news Partner blog

New Financiers and the Environment

New Report Shows Ten Perspectives on How Financial Institutions Can Protect the Environment
2008-05-15 | Berkeley | International Rivers
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
Videos
Links
2025-05-08 00:00:00

Letter from BankTrack and Mars se Drine to Industrial and Commercial Bank of China on Jadar project

Correspondence
2025-05-08 00:00:00 | BankTrack and Mars se Drine
2025-01-21 00:00:00

Letter to financiers of Mozambique LNG to support call for independent investigation into alleged human rights violations

NGO document
2025-01-21 00:00:00 | BankTrack, Justiça Ambiental, Les Amis de la Terre France, SFOC, Milieudefensie, ReCommon, Urgewald, Friends of the Earth Europe, Friends of the Earth United States, Reclaim Finance, Friends of the Earth Japan
2024-10-16 00:00:00

Banking on biodiversity collapse 2024

Partner publication
2024-10-16 00:00:00 | Forest and Finance Coalition
2024-09-26 00:00:00

Special report on CSR and sustainable finance

Interim 2024
Other bank document
2024-09-26 00:00:00 | ICBC
2024-07-16 00:00:00

Suzano's Pulp Fiction

Comparing words and deeds of the world’s largest eucalyptus pulp producer
NGO document
2024-07-16 00:00:00 | EPN
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
2024-05-07 00:00:00

Annual report 2023

Annual report
2024-05-07 00:00:00 | ICBC
2024-05-02 00:00:00

Still Banking on Coal press release

Commercial Banks Still Deep into Coal 8 Years After Paris
Partner publication
2024-05-02 00:00:00 | Urgewald
2024-05-02 00:00:00

Commercial Banks Still Deep into Coal 8 Years After Paris

NGO document
2024-05-02 00:00:00 | Urgewald
2024-02-13 00:00:00

The East African Crude Oil Pipeline (EACOP): Finance Risk Update No.5

BankTrack publication
2024-02-13 00:00:00 | BankTrack, IDI, AFIEGO, Both ENDS, Just Share, Insure Our Future
2023-12-07 00:00:00

Letter from BankTrack to Industrial and Commercial Bank of China on Ending support for metallurgical coal

Correspondence
2023-12-07 00:00:00 | BankTrack
2023-12-05 00:00:00

Fossil Fuel Expansion in the United Arab Emirates

ADNOC and Its International Partners
BankTrack publication
2023-12-05 00:00:00 | Urgewald, Reclaim Finance, Lingo & BankTrack
2023-07-11 00:00:00

Annual report 2022

Annual report
2023-07-11 00:00:00 | ICBC
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
2023-04-12 00:00:00

The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 4

BankTrack publication
2023-04-12 00:00:00 | BankTrack
2023-02-03 00:00:00

2022 interim special report on corporate social responsibility

Other bank document
2023-02-03 00:00:00 | ICBC
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
2022-11-17 00:00:00

BankTrack Global Human Rights Benchmark 2022

BankTrack publication
2022-11-17 00:00:00 | BankTrack
2022-11-15 00:00:00

Who is financing fossil fuel expansion in Africa?

BankTrack publication
2022-11-15 00:00:00 | Urgewald, BankTrack, 350.org Africa, Africa Coal Network & Oilwatch Africa, et al.
2022-11-01 00:00:00

Letter from AFIEGO, BankTrack & others to ICBC Board of Directors on Significant risks to ICBC from East African Crude Oil Pipeline (EACOP) project

Correspondence
2022-11-01 00:00:00 | AFIEGO, BankTrack & others
2022-09-12 00:00:00

The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 3 (Chinese version)

东非原油管道:金融风险简报(更新三)
BankTrack publication
2022-09-12 00:00:00 | BankTrack
2022-08-16 00:00:00

CSR report 2021

Annual report
2022-08-16 00:00:00 | ICBC
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to ICBC on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-05 00:00:00

Assessment of East African Crude Oil Pipeline (EACOP) and Associated Facilities’ Compliance with Equator Principles and IFC Performance Standards - Chinese Translation

东非原油管道及相关项目 之合规分析 对标 赤道原则及国际金融公司 环境和社会绩效标准
BankTrack publication
2022-07-05 00:00:00 | AFIEGO, Inclusive Development International, BankTrack
2022-06-28 00:00:00

The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 3

June 2022
BankTrack publication
2022-06-28 00:00:00 | BankTrack
2022-06-14 00:00:00

Keep forests standing 2022

Evaluating the brands and banks driving deforestation and human rights abuses
NGO document
2022-06-14 00:00:00 | Rainforest Action Network
2022-06-03 00:00:00

Letter from BankTrack, 350.org, Bank on our Future and Uplift to 25 banks on Shell's proposed Jackdaw gas field

Correspondence
2022-06-03 00:00:00 | BankTrack, 350.org, Bank on our Future and Uplift
2022-05-03 00:00:00

Annual report 2021

Annual report
2022-05-03 00:00:00 | ICBC
2022-03-31 00:00:00

Banking Asia's Future

How to Align with National Climate Plans
Other document
2022-03-31 00:00:00 | Aviva: Asia Research and Engagement
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
2022-01-09 00:00:00

EACOP Finance Risk Update No. 2

January 2022
BankTrack publication
2022-01-09 00:00:00 | BankTrack
2021-12-14 00:00:00

Actions speak louder: Assessing bank responses to human rights violations

BankTrack publication
2021-12-14 00:00:00 | BankTrack
2021-12-12 00:00:00

Letter from BankTrack and Mars se Drine to ICBC on lithium mining in Serbia’s Jadar Valley

Correspondence
2021-12-12 00:00:00 | BankTrack and Mars se Drine
2021-10-29 00:00:00

Letter from 61 African CSOs to ICBC on the EACOP

Subject: Asking Industrial and Commercial Bank of China to finance a green and low-carbon future, not the East African Crude Oil Pipeline - 也可以用中文
Correspondence
2021-10-29 00:00:00 | 61 African CSOs
2021-10-29 00:00:00

Letter from 61 African CSOs to ICBC on the EACOP

主题:请求中国工商银行资助绿色低碳未来, 而不是东非原油管道(EACOP)
Correspondence
2021-10-29 00:00:00 | 61 African CSOs
2021-09-23 00:00:00

Drill, baby, drill

How banks, investors and insurers are driving oil and gas expansion in the Arctic
NGO document
2021-09-23 00:00:00 | Reclaim Finance
2021-09-17 00:00:00

Credit policies for domestic industries: mining, energy, oil & gas, transportation, biodiversity and agriculture

Page 12 of 2021 interim ESG report
Bank policy
2021-09-17 00:00:00 | ICBC
2021-09-07 00:00:00

2021 interim ESG special report

Other bank document
2021-09-07 00:00:00 | ICBC
2021-08-19 00:00:00

Recipients of the letter about the risk of the anti-environment agenda in the Brazilian Congress

NGO document
2021-08-19 00:00:00 | BankTrack
2021-07-22 00:00:00

Guidelines on environmental information disclosure for financial institutions

Bank policy
2021-07-22 00:00:00 | People's Bank of China
2021-07-06 00:00:00

CSR Report 2020

Annual report
2021-07-06 00:00:00 | ICBC
2021-06-23 00:00:00

Forests & Finance 2021 Briefing - Is Your Money Destroying Rainforests or Violating Rights?

NGO document
2021-06-23 00:00:00 | Forests and Finance
2021-06-08 00:00:00

Annual report 2020

Annual report
2021-06-08 00:00:00 | ICBC
2021-04-28 00:00:00

Keep Forests Standing

Evaluating the Brands and Banks Driving Deforestation and Human Rights Abuses
NGO document
2021-04-28 00:00:00 | Rainforest Action Network
2021-04-11 00:00:00

Feasability of coal in the age of renewable energy: Hunutlu thermal power plant case

NGO document
2021-04-11 00:00:00 | Climate Action Network Europe
2021-02-25 00:00:00

Open Letter from over 260 civil society organisations to banks on EACOP

NGO document
2021-02-25 00:00:00 | 263 CSOs
2020-11-18 00:00:00

Crude Risk: Risks to banks and investors from the East African Crude Oil Pipeline

BankTrack publication
2020-11-18 00:00:00 | BankTrack, AFIEGO, Both ENDS, Inclusive Development International, Just Share
2020-11-18 00:00:00

Crude Risk: Risks to banks and investors from the East African Crude Oil Pipeline - Chinese translation

东非原油管道给银行和投资者构成的风险
BankTrack publication
2020-11-18 00:00:00 | BankTrack, AFIEGO, Both ENDS, Inclusive Development International, Just Share
2020-10-28 00:00:00

Who is who in the Chinese lending institutional landscape

NGO document
2020-10-28 00:00:00 | Urgewald
2020-10-20 00:00:00

A Call to Action on the Principles for Responsible Banking: End Climate-Destructive Financing Now

Joint civil society statement
BankTrack publication
2020-10-20 00:00:00 | BankTrack, Rainforest Action Network, and others
2020-05-19 00:00:00

Letter from BankTrack, GPFOG, IDI, 350 to ICBC on EACOP

Correspondence
2020-05-19 00:00:00 | BankTrack, GPFOG, IDI, 350
2020-04-14 00:00:00

Annual Report 2019

Annual report
2020-04-14 00:00:00 | ICBC
2020-03-27 00:00:00

CSR report 2019

Annual report
2020-03-27 00:00:00 | ICBC
2020-03-27 00:00:00

2019 CSR report

Annual report
2020-03-27 00:00:00 | ICBC
2020-03-18 00:00:00

Banking on Climate Change - Fossil Fuel Finance Report 2020

BankTrack publication
2020-03-18 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club
2019-12-10 00:00:00

Letter from BankTrack to ICBC on the bank's progress on its fossil fuel finance since COP24

Correspondence
2019-12-10 00:00:00 | BankTrack
2019-09-22 00:00:00

Civil Society Statement on the new Principles for Responsible Banking

BankTrack publication
2019-09-22 00:00:00 | BankTrack and others
2019-05-31 00:00:00

Modern Slavery Statement

Bank policy
2019-05-31 00:00:00 | ICBC
2019-05-21 00:00:00

Fool's Gold

The financial institutions bankrolling Europe’s most coal-dependent utilities
NGO document
2019-05-21 00:00:00 | Europe Beyond Coal
2019-04-16 00:00:00

Annual report 2018

Annual report
2019-04-16 00:00:00 | Industrial and Commercial Bank of China
2019-04-11 00:00:00

CSR report 2018

Annual report
2019-04-11 00:00:00 | ICBC
2018-12-10 00:00:00

Bank Policy Matrix

NGO document
2018-12-10 00:00:00 | Forests & Finance Coalition
2018-10-16 00:00:00

Letter from BankTrack and 120 organisations to ICBC on Demands FBNT campaign

Correspondence
2018-10-16 00:00:00 | BankTrack and 120 organisations
2018-03-31 00:00:00

CSR Report 2017

Annual report
2018-03-31 00:00:00 | ICBC
2018-03-31 00:00:00

Annual Report 2017

Annual report
2018-03-31 00:00:00 | ICBC
2017-11-24 00:00:00

Letter from 30 Indonesian NGOs to PT RAPP financiers on current situation of PT RAPP (APRIL's main supplier)

Correspondence
2017-11-24 00:00:00 | 30 Indonesian NGOs
2017-06-13 00:00:00

Japanese and Malaysian banks and investors continue to pump billions of dollars into forest-risk companies, without adequate environmental and social safeguards

NGO document
2017-06-13 00:00:00 | RAN, TuK Indonesia & Profundo
2017-03-31 00:00:00

CSR report 2016

Annual report
2017-03-31 00:00:00 | ICBC
2017-03-31 00:00:00

Annual report 2016

Annual report
2017-03-31 00:00:00 | ICBC
2017-03-27 00:00:00

Financiers of IOI and Asia Pulp & Paper (APP) face material ESG risks from failure to respect land tenure rights

NGO document
2017-03-27 00:00:00 | RAN, TuK & Profundo
2016-11-30 00:00:00

Letter from 500 organisations to ICBC on financing DAPL

Correspondence
2016-11-30 00:00:00 | 500 organisations
2016-09-01 00:00:00

Green Paper, Red lines

Chinese version
BankTrack publication
2016-09-01 00:00:00 | BankTrack
2016-07-06 00:00:00

Annual Report 2015

Annual report
2016-07-06 00:00:00 | ICBC
2016-07-06 00:00:00

Corporate Social Responsibility Report 2015

Annual report
2016-07-06 00:00:00 | ICBC
2016-06-02 00:00:00

Green Paper, Red Lines

Requirements for pulp and paper industry finance
BankTrack publication
2016-06-02 00:00:00 | BankTrack, Environmental Paper Network
2015-05-04 00:00:00

The end of coal?

2015 Coal Finance Report Card
BankTrack publication
2015-05-04 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club
2015-04-30 00:00:00

Annual Report 2014

Annual report
2015-04-30 00:00:00 | ICBC
2015-03-26 00:00:00

Corporate Social Responsibility Report 2014

Annual report
2015-03-26 00:00:00 | ICBC
2014-12-10 00:00:00

Letter from EPN to Banks investing in April on APRIL

Correspondence
2014-12-10 00:00:00 | EPN
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
2014-10-29 00:00:00

Banking on Coal 2014

BankTrack publication
2014-10-29 00:00:00 | BankTrack
2014-01-01 00:00:00

Annual Report 2013

Annual report
2014-01-01 00:00:00
2014-01-01 00:00:00

CSR Report 2013

Annual report
2014-01-01 00:00:00
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
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.
2012-04-18 00:00:00

Environmental Report on Chinese Banks (2011)

-Chinese version-
NGO document
2012-04-18 00:00:00 | Green Watershed
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
2011-04-12 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
2010-11-29 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
2009-05-15 00:00:00

China Sustainable Finance Newsletter #4 -English-

NGO document
2009-05-15 00:00:00 | Friends of the Earth US
2009-03-25 00:00:00

Green Investment III

NGO document
2009-03-25 00:00:00 | Greenpeace China
2009-03-12 00:00:00

China Sustainable Finance Newsletter #3 -English-

NGO document
2009-03-12 00:00:00 | Friends of the Earth US
2008-11-20 00:00:00

The Green Evolution: Environmental Policies and Practice in the Chinese Banking Sector

NGO document
2008-11-20 00:00:00 | Friends of the Earth-US
2008-11-20 00:00:00

中国采纳可持续借贷法规, 为全球金融监管者指引潜在前进方向

NGO document
2008-11-20 00:00:00 | Friends of the Earth-US
2008-11-20 00:00:00

绿色变革: 中国银行业的环境政策与实践

NGO document
2008-11-20 00:00:00 | Friends of the Earth-US
2008-05-14 00:00:00

新的供资方与环境 - New Financiers and the Environment

NGO document
2008-05-14 00:00:00 | International Rivers
2008-05-14 00:00:00

New Financiers and the Environment

NGO document
2008-05-14 00:00:00 | International Rivers
2007-05-09 00:00:00

Time to go Green; environmental responsibility in the Chinese banking sector

BankTrack publication
2007-05-09 00:00:00 | FoE US, BankTrack
2007-05-07 00:00:00

Time to Go Green (Chinese)

BankTrack publication
2007-05-07 00:00:00 | FoE US, BankTrack

EACOP: a crude reality, documentary

2023-02-27 18:04:11

EPN assessment of policies against 14 minimum criteria - ICBC

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.

Petition urging TotalEnergies to cancel EACOP

Open letter to financiers - Call to commit not to support the Papua LNG project

“They Don’t Want People to Stay Here” How CNOOC’s Kingfisher oil project in Uganda is causing human rights, environmental, and climate Harms

Report by Climate Rights International (CRI), September 2024

Accountability
Grievances
Response tracking

Industrial and Commercial Bank of China does not operate a complaints channel for individuals and communities that may be adversely affected by its finance. 

This page evaluates Industrial and Commercial Bank of China (ICBC)'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
Banks and Dirty Diesel: Vitol and Trafigura (May 2017)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
BankTrack Human Rights Briefing, May 2017
East African Crude Oil Pipeline (March 2021)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored measures taken by its client to address the impacts associated with the project.

Average
0%
0
0
0
0
Banks and Climate

Banks and Climate

The 2024 Banking on Climate Chaos report showed that Industrial and Commercial Bank of China provided US$ 152.806 Billion in financing to the fossil fuel industry between 2016 and 2023. In 2023 only, Industrial and Commercial Bank of China provided US$ 10.074 Billion for oil, gas and coal companies expanding fossil fuels. Find further details on Industrial and Commercial Bank of China 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 ICBC

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 Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of ICBC's fossil fuel policy below.

Assessment of ICBC's policy in the Coal Policy Tool

Assessment of ICBC's policy in the Oil and Gas Policy Tracker

Banks and Human Rights

Banks and Human Rights

BankTrack assessed ICBC in its 2024 Global Human Rights Benchmark, where it achieved 0.5 points out of 15 and was ranked as a “laggard”.

The bank scored 0 out of 3 points on the new “specific rights indicators”, which assess how banks address human rights defenders, Indigenous Peoples’ right to Free, Prior and Informed Consent and environmental rights in their policies and practices.  

In addition, ICBC scored 0 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the “Accountability” section of this profile.

The BankTrack Human Rights Benchmark

The table below shows BankTrack's assessment of how ICBC has implemented the UN Guiding Principles on Business and Human Rights. Please click on 'expand all details' and 'explanation' for further information on the methodology.

Our policy assessments are always a work in progress. We very much welcome any feedback, especially from banks included in the assessments. Please get in touch at humanrights@banktrack.org.

Global Human Rights Benchmark 2022

BankLast update
Country
Score
Ranking
Details
Industrial and Commercial Bank of China (ICBC)
CHN
0.5
Laggard 0.5
0
China
Score
Laggard
0.5
Explanation

Industrial and Commercial Bank of China (ICBC)'s human rights policies, processes and reporting were assessed as part of the BankTrack Global Human Rights Benchmark 2022. The bank is assessed as a Laggard, with a total score of 0.5 out of 14.

Policy: 0/3
Due dilligence: 0.5/5
Reporting: 0/3
Remedy: 0/3


Response Tracking:
The bank was also assessed on its responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations, for which it received an average score of 0/3. See the Response Tracking section of this profile for more details.

Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6.5 points
7 - 10 points
10.5 - 14 points
For more details see this page.

Global Human Rights Benchmark 2024

BankLast update
Country
Score
Ranking
Details
Industrial and Commercial Bank of China (ICBC)
CHN
0.5
Laggard 0.5
0
China
Score
Laggard
0.5
Explanation

Industrial and Commercial Bank of China (ICBC)'s human rights policies, processes and reporting were assessed as part of the BankTrack Global Human Rights Benchmark 2024. The bank is assessed as a , with a total score of 0.5 out of 15.

Policy: 0/3
Due dilligence: 0.5/5
Reporting: 0/4
Remedy: 0/3

Specific rights: 0/3

Response Tracking:
The bank was also assessed on its responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations, for which it received an average score of 0/3. See the Response Tracking section of this profile for more details.

Explanation
Laggard
Follower
Moderate achiever
Leader
0 - 3 points
3.5 - 7 points
7.5 - 10.5 points
11 - 15 points
For more details see this page.
Banks and Nature

Banks and Nature

ICBC’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 0.5 out of 10 and ranking it as a laggard. ICBC achieved a score of 0.5 out of 10 specifically for its policies related to the beef sector and 0.5 out of 10 for its policies related to the palm oil sector.  In addition, BankTrack and the Environmental Paper Network have assessed ICBC’s policies related to the pulp and paper sector.

Between 2016 and 2022, ICBC provided USD 3,428 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 3 million as of 2022. For more information, see the links below.

Forests & Finance

Banks and beef

Banks and palm oil

Banks and pulp & paper

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
Industrial and Commercial Bank of China (ICBC)
2022-09-27
CHN
0.5
Laggard 0.5
0
China
Profile
Score
Laggard
0.5
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Industrial and Commercial Bank of China ICBC Bank' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Industrial and Commercial Bank of China ICBC Bank' profile.

Explanation

A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Beef

BankLast update
Country
Score
Ranking
Details
Industrial and Commercial Bank of China (ICBC)
2022-09-29
CHN
0.5
Laggard 0.5
0
China
Profile
Score
Laggard
0.5
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Industrial and Commercial Bank of China (ICBC)' profile.

Explanation

A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Palm Oil

BankLast update
Country
Score
Ranking
Details
Industrial and Commercial Bank of China (ICBC)
2022-09-29
CHN
0.5
Laggard 0.5
0
China
Profile
Score
Laggard
0.5
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to palm oil. Weighted scores are based on the scope of ABN AMRO's relevant policies, taking into account what types and how much finance the bank provides to companies active in the palm oil industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Industrial and Commercial Bank of China (ICBC)' profile.

Explanation

A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Banks and Steel

Banks and Steel

Partner organisation Reclaim Finance’s 2023 report on metallurgical coal financing showed that Industrial and Commercial Bank of China provided US$ 2.3 billion in loans and underwriting to developers of new metallurgical coal between 2016 and 2022. Find further details on Industrial and Commercial Bank of China’s metallurgical coal financing and and how it compares to other large banks globally in the report.

Reclaim Finance tracks the metallurgical coal policies of financial institutions, including banks, in their Coal Policy Tool. BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Industrial and Commercial Bank of China’s metallurgical coal policy below.

According to a report by Reclaim Finance, between 2016 and June 2023, Industrial and Commercial Bank of China provided $8.9 billion in finance to the fossil-steel industry, making it the 12th largest financier worldwide. Find further details on Industrial and Commercial Bank of China's steel financing and how it compares to other large banks globally in the report. 

Metallurgical Coal Financing: Time to call it off 2023

Coal policy tool

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

Good Moves

Good moves

Year:

2021

ICBC withdraws from financing $3 billion Sengwa coal-fired power plant in Zimbabwe

Industrial and Commercial Bank of China Ltd (ICBC) has told the Go Clean ICBC campaign that it won’t fund the 2,800-megawatt Sengwa coal project in northern Zimbabwe. The story was reported by Bloomberg based on an email seen sent to 350.org, one of the groups in the campaign coalition.  Lauri…

2020

Industrial and Commercial Bank of China withdraws financing from the Lamu Coal Plant

Save Lamu has learned that the Industrial and Commercial Bank of China (ICBC) has decided not to finance the Lamu coal plant due to cited environmental and social risks with the project. Save Lamu has previously submitted various petitions and complaints to ICBC citing extensive environmental destruction and social risks…
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