Red Line | Text of policies | Comments | Score |
---|---|---|---|
Regulatory requirements | |||
Ensure Legality | CSR report 2017 The bank is focused on improving the capacity of its green financial services and will continue to implement all green credit regulatory requirements. BoCom is strengthening its approach to green management to ensure all credit complies with the green, energy-saving, low-carbon and environmentally friendly concepts. | The CSR report references the implementation of the GCG, which require compliance with national laws, but it does not reference international conventions. | partly |
No Corruption and Tax Evasion | CSR report 2017: s t re n g t h e n t h e a c c o u n t a b i l i t y s y s t e m , b e principled, and prevent risks, combat corruption and oppose formalism, bureaucracy, hedonism, and extravagance; improve the risk management system, the internal control system and the accountability system; enhance the bank’s culture for risk mitigation, implement regulatory requirements for rectification, and improve the internal compliance evaluation system ; BoCom has cultivated a political atmosphere in which Party members dare not be corrupt, are unable to be corrupt, and have no desire to commit corruption. Strictly exercise Party discipline and law; show no tolerance for corruption; stand firm against corruption; and press ahead with Party-building and anti-corruption. Perform due diligence on tax-related information, identify holders of non-resident accounts, and assist authorities that are cracking down on cross-border tax evasion. | The CSR report states the bank is committed to fight corruption and does due diligence on its clients regarding compliance with tax laws. | well |
Ensure ESIA for mills and plantations | No publicly available policies or documentation were found that cover this criteria. | not | |
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 |