Industrial and Commercial Bank of China (ICBC)

Red LineText of policiesCommentsScore
Regulatory requirements
Ensure LegalityCSR Report 2018: Since 2003, the bank has released the revised industrial (green) policy each year. It acted in accordance with the green credit policy orientations and requirements for different industries (...) and guided the whole bank to actively support the credit business in the green economy.; The bank successively prepared and issued the Opinion on credit support for key areas of advanced manufacturing and the guidelines on credit for energy conservations, among others; By drawing lessons from the Equator Principles and IFC performance standards and guidance, the bank issued the "Managament measures for classification of green credit", which classified corporate loan customers of the bank in the mainland and their projects into (...) categories, based on the degree of impacts on the environment (...) thereby enabling the (...) management of customer's environmental and social risk; (...) the bank earneslty acted in line with the five development concepts of "Innoviation. coordinations, green, opening up and sharing". (...) the bank comprehensively carried forward green finance (...) reinforced the preventions and control of environmental and social risk.
The Bank (...) strictly observed laws, regulations and ordinances of China and other countries where it operated (...) ; The bank abided by international conventions or practices signed or recognized by China, including the Universal Declarations of Human Rights (p113);
The bank is comitted to implement the green credit policy and to respect national laws. It also mentions international frameworks, but does not specify which conventions it expects its clients to respect.partly
No Corruption and Tax EvasionCSR report 2018: During the reporting period, the bank striclty implemented anti-money laundering and counter-terrorist financing laws and regulations and actively performed its social responsibilities for AML as a commercial bank.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 plantationsNot covered in publicly available policies and documentsnot
Social requirements
Ensure FPICNot covered in publicly available policies and documentsnot
Respect Human RightsCSR report 2018: The bank stricly prohibited child labor (p113) ; The bank abided by international conventions or practices signed or recognized by China, including the Universal Declarations of Human Rights (p113); The bank is commited to respect human rights in its operations, but it is not clear to what extend it expects the same from its clients. China has not ratifid all the ILO core conventions.partly
Respect Indigenous rights and customary land use rightsNot covered in publicly available policies and documentsnot
No forced resettlementNot covered in publicly available policies and documentsnot
Environmental Requirements
No forest degradation and deforestationNot covered in publicly available policies and documentsnot
Protect endangered speciesNot covered in publicly available policies and documentsnot
No high-risk speciesNot covered in publicly available policies and documentsnot
No fireNot covered in publicly available policies and documentsnot
Protect peatNot covered in publicly available policies and documentsnot
No persistent pollutionNot covered in publicly available policies and documentsnot
Corporate association / scop of the policy
Corporate association / scop of the policyNot covered in publicly available policies and documentsnot