China CITIC Bank Corp Ltd

Red LineText of policiesCommentsScore
Regulatory requirements
Ensure LegalityCSR 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 EvasionCSR 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 clientsnot
Ensure ESIA for mills and plantationsCSR 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 millpartly
Social requirements
Ensure FPICNo publicly available policies or documentation were found that cover this criteria.not
Respect Human RightsNo publicly available policies or documentation were found that cover this criteria.not
Respect Indigenous rights and customary land use rightsNo publicly available policies or documentation were found that cover this criteria.not
No forced resettlementNo publicly available policies or documentation were found that cover this criteria.not
Environmental Requirements
No forest degradation and deforestationNo publicly available policies or documentation were found that cover this criteria.not
Protect endangered speciesNo publicly available policies or documentation were found that cover this criteria.not
No high-risk speciesNo publicly available policies or documentation were found that cover this criteria.not
No fireNo publicly available policies or documentation were found that cover this criteria.not
Protect peatNo publicly available policies or documentation were found that cover this criteria.not
No persistent pollutionCSR 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 policyNo publicly available policies or documentation were found that cover this criteria.not