Red Line | Text of policies | Comments | Score |
---|---|---|---|
Regulatory requirements | |||
Ensure Legality | CSR report 2018: Following the national green credit policy, BOC accelerated the innovation of financial products for green industries such as energy conservation, environmental protection and new energy, and promoted the improvement and adjustment of energy structure. | Bank of China reference the green credit policy, but it does not reference international conventions. | partly |
No Corruption and Tax Evasion | CSR report 2018: The Bank deepened the construction of the long-effective mechanism for combating corruption and upholding integrity by adhering to the principle of “having no forbidden area, full coverage and zero tolerance”, and solemnly investigating any kinds of violation. It implemented the Accountability Regulation, and organised all officials and employees to study laws, regulations and disciplines earnestly. | The bank has a strong commitment to fight corruption, but it has no public criteria that apply to corruption and tax evasion by its clients. | not |
Ensure ESIA for mills and plantations | CSR report 2018: (The Bank) imposed a strict requirement of prohibiting any forms of new credit support for projects that fail to pass energy technology evaluation and environmental impact assessment. | The bank has a strong requirement regarding environmental impact assessments but not regarding social impact assessments. There is also no clear requirement to publish these studies. | partly |
Social requirements | |||
Ensure FPIC | No publicly available policies or documentation were found that cover this criteria. | not | |
Respect Human Rights | No publicly available policies or documentation were found that cover this criteria. | not | |
Respect Indigenous rights and customary land use rights | No publicly available policies or documentation were found that cover this criteria. | not | |
No forced resettlement | No publicly available policies or documentation were found that cover this criteria. | not | |
Environmental Requirements | |||
No forest degradation and deforestation | No publicly available policies or documentation were found that cover this criteria. | not | |
Protect endangered species | No publicly available policies or documentation were found that cover this criteria. | not | |
No high-risk species | No publicly available policies or documentation were found that cover this criteria. | not | |
No fire | No publicly available policies or documentation were found that cover this criteria. | not | |
Protect peat | No publicly available policies or documentation were found that cover this criteria. | not | |
No persistent pollution | No publicly available policies or documentation were found that cover this criteria. | not | |
Corporate association / scope of the policy | |||
Corporate association / scope of the policy | No publicly available policies or documentation were found that cover this criteria. | not |