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Created before Nov 2016
Last update: 2016-08-02 16:16:51
Yu Xiaogang, Green Watershed
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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.
154 Hudong Road
350003 Fuzhou, Fujian
Gao Jianping |
2014 Annual Sustainability Report|
2015 Annual Sustainability Report
Annual Report 2015
listed on Shanghai Stock Exchange
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
Statement of Industrial Bank’s policy to prevent money laundering and financing of terrorism
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 initiativesIndustrial Bank has committed itself to the following voluntary standards:
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.
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
Implementation and reporting
Industrial Bank is reporting on the implementation here.
Contact and complaints
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.