Recently, Industrial and Commercial Bank of China (ICBC) has been honored as one of the 30 “Best ESG Practice Cases of A-Share Listed Companies in 2022” by the China Association for Public Companies (CAPCO). Organized by the CAPCO’s ESG Professional Committee and based on 20 first-level indicators in four dimensions, the award was given after two rounds of expert review.

Under the guidance of the new development concept, ICBC has made many efforts in ESG practices in recent years. In alignment with the best practices globally, it has revised the Articles of Association and improved the terms regarding ESG governance. It has established the Green Finance (ESG and Sustainable Finance) Committee which provides overall guidance for all subsidiaries and branches to implement the Group’s strategies in green finance, ESG and sustainable finance. It has formulated and issued the Guidelines for Green Investment and Financing which, beyond general requirements applicable for all industries, specifies green guidelines for ten major domestic sectors such as thermal power and coal. Actively responding to the national initiative, ICBC has been implementing the UN 2030 Agenda for Sustainable Development with high-quality financial services; and by leveraging its advantages in online channels and platforms, ICBC has extended its financial services to counties and rural areas. The Bank has vigorously carried out the campaign called “Special Year for Managing Individual Customers’ Complaints” where the management of customer complaints has been incorporated into the overall plan of promoting group-wide high-quality development, and the people-centered development concept profoundly practiced. The Bank has built a training and development system for employees at all levels, a well-structured talent echelon and an employee satisfaction feedback and improvement mechanism to help bring out the best in everyone. 

Through continuous, steady and effective information disclosure, ICBC’s ESG management practices have won constant market recognition with its brand growingly enhanced. It helps ICBC to build a market image as a bank practicing the new development concept, promoting green and low-carbon development, fulfilling its social responsibilities, and ever-improving its governance system.

The CAPCO is a national self-regulatory organization composed of listed companies and relevant entities, under the supervision of China Securities Regulatory Commission. With the duties of “Service, Self-regulation, Standardization, and Enhancement”, the CAPCO helps promote the governance and cultural development of listed companies. It is committed to building a high-end service platform for listed companies and improving the quality of these companies and the entire capital market. This year’s best ESG practice cases fully demonstrate the outstanding practices among listed companies and guide these companies to learn from each other, better implement the guiding principles of the 20th National Congress, build the new development pattern, and promote high-quality development.

Under the coordination of the CAPCO, this year’s “Best ESG Practice Cases of A-share Listed Companies” have been specially reported by eeo.com.cn and Xinhuanet. For details, please visit the following websites:

eeo.com.cn
https://m.eeo.com.cn/2022/1227/572560.shtml

Xinhuanet 
https://my-h5news.app.xinhuanet.com/h5/article.html?articleId=558772260a1872aba562ab3b899d83e7