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ICBC's head office Beijing. Photo: RudolfSimon via Wikimedia Commons (CC-BY-SA 3.0)About Industrial and Commercial Bank of China (ICBC)
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 overtook Citi to become the world's largest bank by asset value in 2007, a position it retained in 2019. 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.
| 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 | |
| Annual reports |
CSR Report 2020 Annual report 2020 |
| 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. |
| Complaints and grievances |
Industrial and Commercial Bank of China does not operate a complaints channel for individuals and communities that may be adversely affected by its finance. |
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Policy Assessments
Banks and Human Rights
Human Rights Benchmark November 2019
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Global Human Rights Benchmark 2022
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Banks and Nature
Forest & Finance Policy Assessment 2022: Beef
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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:
Forest & Finance Policy Assessment 2022: Overall scores
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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:
Forest & Finance Policy Assessment 2022: Palm Oil
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