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Created before Nov 2016
Last update: 2016-09-01 15:58:54
Yu Xiaogang, Founder of Green Watershed
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Ping An Bank Co., Ltd. is a Chinese joint-stock commercial bank, formerly known as Shenzhen Development Bank Co., Ltd. In June 2012, Shenzhen Development Bank merged with former Ping An Bank Co. Ltd. into Ping An Bank. The bank primarily operates in Shenzhen, Shanghai, and Fuzhou.
As a subsidiary of Ping An Insurance (Group) Company, of China, Ltd., Ping An Bank is one of the main pillars of Ping An Group: insurance, banking, and asset management. The total assets of Ping An Bank are (as of June 2016) USD 419,453 million.
5047 East Shennan Rd, Shenzhen
Sun Jianyi |
2015 Social Responsibility Report|
2015 Annual Report Summary
listed on Shenzhen Stock Exchange
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Going out, but going green?
Voluntary initiativesPing An Bank has committed itself to the following voluntary standards:
The bank declared in its CSR policy improvements listed below.
In 2010, the bank developed a new credit policy, "General Principles of the Company Credit Policy", that included guidelines for green credit implementation, emphasizing environmental access. However, the policies were issued as an external file and were not disclosed to public.
In 2011, the bank began to implement "one-vote veto", and approve credits that are in accordance with environmental standards and compliance with energy-saving and emission reduction regulation.
The "Ping An Bank Green Credit Guidelines" were issued in accordance with the "Green Credit Guidelines" issued by the CBRC, and call for the set-up of a green credit committee, the establishment of an environmental and social risk assessment system, and improvement of related credit policies and management. It also requires customer's environment and dynamic social risk assessments and classification, the classification of customers based on relevant ratings, to manage credit access of relevant classification results as customer rating, on which credit access, management and credit withdrawal are to be based.