| Red Line | Text of policies | Comments | Score |
|---|---|---|---|
| Regulatory requirements | |||
| Ensure Legality | CSR report 2018: II. Green Credit The Bank proactively implemented relevant regulatory requirements, stepped up support of green economy, low-carbon economy and circular economy, prevented environmental and social risks, and enhanced its environmental and social performance. | The bank references the green credit guidelines, which require compliance with national laws. It does not reference international conventions. | partly |
| No Corruption and Tax Evasion | CSR report 2018: Anti-corruption: The Bank formulated the Measures for Dealing with the Violations of Employees of China CITIC Bank and established a long-standing mechanism; Remediation of corruption: The Bank resolutely curbed corruption and strictly guarded against the problems such as eating and drinking with public funds, | The bank has anti money laundering and anti corruption policies, but they seem to apply only to its own operations, not to that of clients | not |
| Ensure ESIA for mills and plantations | CSR report 2018: The Bank formulated the Measures for Categorized Management of Environmental and Social Risks of China CITIC Bank Corporation Limited, comprehensively launching the classification of environmental and social risks of credit customers and projects, and conducting dynamic assessment of such risks. For category-A and category-B customers with relatively high risks, it was required to strengthen full process management, including pre-extension investigation, review and approval, contract management, credit use review and post-extension management, to effectively control environmental and social risks.The assessment of environmental and social risks shall focus on investigating and reviewing the assessment of credit customers’ environmental and social risks, management system, labor and working conditions, pollution prevention and control, among other aspects. | Requires ESIA for Category A projects, which incude pulp mills and large scale logging, but not necessarily the third party suppliers for the pulp mill | 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 | CSR report 2018: Green Transformation of the Credit Structure: The Bank (...) strictly controlled credit grants to sectors featuring “high energy consumption, high pollution and overcapacity”. | The bank references policies to control pollution, but has not published criteria for this issue. | partly |
| Corporate association / scop of the policy | |||
| Corporate association / scop of the policy | No publicly available policies or documentation were found that cover this criteria. | not |
