Created before Nov 2016
Last update: 2020-04-03 12:33:41
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About Agricultural Bank of China
The predecessor of the Agricultural Bank of China was the Agricultural Cooperative Bank, established in 1951. Since the late 1970s, the bank has evolved from a state-owned specialized bank to a wholly state-owned commercial bank and subsequently to a state-controlled commercial bank. The bank was restructured into a joint stock limited liability company in January 2009. In July 2010, the bank was listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange. At the launch of the listing, the bank had the world's largest initial public offering (IPO) at that time. It's ranked fourth in Forbes Global 2000 list of the world's biggest public companies.
No.69, Jianguomen, NeiAvenue, Dongcheng District
Zhou Mubing |
Chairman and Executive Director
Annual report 2019|
CSR report 2019
listed on Hong Kong Stock Exchange & Shanghai Stock Exchange
The main shareholder of Agricultural Bank of China is Huijin Investment, a state-owned investment company, which holds 40.03% of the shares.
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Banks and human rights
BankTrack Human Rights Benchmark 2019
Agricultural Bank of China's human rights policies, processes and reporting were assessed as part of the BankTrack Human Rights Benchmark in November 2019. The bank is assessed as a Laggard, with a total score of 0 out of 14.
Due dilligence: 0/5
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Banking on Climate Change – Fossil Fuel Finance Report Card 2019
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Report finds major banks ramped up fossil fuel financing to $115 billion in 2017
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Call for banks to divest from APRIL
Banks not yet living up to UN human rights principles, finds BankTrack
'Record year' for bank coal financing as latest UN climate warning looms
Letter from BankTrack to Agricultural Bank of China on the bank's progress on its fossil fuel finance since COP24
Letter from BankTrack and 120 organisations to Agricultural Bank of China on Demands FBNT campaign
Letter from 30 Indonesian NGOs to PT RAPP financiers on current situation of PT RAPP (APRIL's main supplier)
Banking with Principles? Second Edition June 2016
Banking with Principles?
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 initiativesAgricultural Bank of China has committed itself to the following voluntary standards:
The Agricultural Bank of China has no publicly available investment policies, nor has it a webpage on corporate social responsibility.
2018 In the bank's 2018 CSR report it stated on Strategic planning of social responsibility: "Being a model for serving the real economy, saving resources, protecting the environment and operating in accordance with the law and with integrity."
2017 In its 2017 CSR Report, under 'Responsibility Management' it mentions: ABC has established and optimized its social responsibility management system, and continuously implemented management rules including the Agricultural Bank of China Guidelines for Social Responsibility, Agricultural Bank of China Indicator System for Social Responsibility and Agricultural Bank of China Guidelines for Public Welfare Projects. Led by the corporate culture department of the Head Office, all departments of the Head Office and its branches have specific positions to oversee daily CSR work.
- Serving 'Sannong'
- Supporting the national economy and people's livelihoods
- Promoting ecological progress
- Striving for excellent quality
- Employee progression
- Promoting social harmony
ABC relates these topics to the Sustainable Development Goals, specificially SDG 1, 2, 3, 4, 5, 6, 8, 9, 11, 12, 13.
'Environment' is also stated as a stakeholder in the 2017 CSR report. Under 'Responsibility Policies' ABC states: ABC will unswervingly undertake the five major tasks of serving the real economy, preventing and controlling financial risks, promoting business transformation, deepening reform and comprehensively strengthening Party self-discipline. ABC will also serve the national policies of fighting “three critical battles” on forestalling and defusing major risks, targeted poverty alleviation, and addressing pollution, striving to build a world-class commercial banking corporation.