Red Line | Text of policies | Comments | Score |
---|---|---|---|
Regulatory requirements | |||
Ensure Legality | CSR 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 Evasion | CSR 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 clients | not |
Ensure ESIA for mills and plantations | Not covered in publicly available policies and documents | not | |
Social requirements | |||
Ensure FPIC | Not covered in publicly available policies and documents | not | |
Respect Human Rights | CSR 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 rights | Not covered in publicly available policies and documents | not | |
No forced resettlement | Not covered in publicly available policies and documents | not | |
Environmental Requirements | |||
No forest degradation and deforestation | Not covered in publicly available policies and documents | not | |
Protect endangered species | Not covered in publicly available policies and documents | not | |
No high-risk species | Not covered in publicly available policies and documents | not | |
No fire | Not covered in publicly available policies and documents | not | |
Protect peat | Not covered in publicly available policies and documents | not | |
No persistent pollution | Not covered in publicly available policies and documents | not | |
Corporate association / scop of the policy | |||
Corporate association / scop of the policy | Not covered in publicly available policies and documents | not |