Industrial Bank Honored one of the Best Listed Company for Contribution in Social Responsibility 2013

On May 28, the First Sina Finance Appraisal of Listed Companies was revealed, Industrial Bank (IB) stood out of more than 2,500 listed companies, winning the "Best Listed Company for Contribution in Social Responsibility 2013" as the only joint-stock commercial bank. Meanwhile, Tang Bin, Board Secretary of the bank, was honored one of the “Best Board Secretaries of Listed Company 2013”.

The appraisal announcement indicates that the “Best Listed Companies for Contribution in Social Responsibility” are appraised based on indexes including charity donations and public benefit activities and refer to those listed companies that make outstanding contribution in various social disaster relieves and public benefit activities.

IB has always been enthusiastic in social activities for public benefits and made great efforts to give returns to the society. In 2013, the donations made by IB to the outside for fight against earthquake, disaster relief, school assistance and power alleviation totaled RMB 55 million.

Upon the Ya’an Earthquake, the donations made by IB and its employees to the disaster-stricken area hit RMB 20.91 million, ranking front among domestic banks. China Industrial International Trust Limited, a subsidiary of the bank, also established a special charity foundation trust plan for the reconstruction of the disaster-attacked area. In the meantime, the bank opened a green channel for financial services to the disaster-stricken area, and launched the credit card points based donation campaign named “Ya’an, Push On” in collaboration with China Foundation for Poverty Alleviation (CFPA), providing subsidies to a total of 355 students substantially affected by the disaster. In fact, this is only a small portion. IB and CFPA organized the program of donation of credit card points perennially, in which donations are used for building the “Future Space” for schools in the period of nine-year compulsory education in state-level poverty-stricken counties, conjoined poverty-stricken regions and surrounding areas of cities with concentrated children of migrant workers.

Apart from the donations for purposes of charity and public benefits, the concept and connotation of IB’s corporate social responsibility have witnessed broader extension. As the first and only bank adopting the Equator Principles in China, IB has creatively put forward the way to perform corporate social responsibilities through “obtaining reasonable profits while bringing benefits to the stakeholders”, achieving the combination of social responsibilities and its own scientific development.

As the pioneer of green finance in China, IB has kept making innovation in its products and services and taken the leading position in the area of green finance, constantly boosting the building of “Beautiful China”. By the end of April 2014, IB has granted green financing totaling RMB 392.332 billion, with the financing balance hitting RMB 195.463 billion. The energy conservation and emission reduction that can be realized by the supported projects are equivalent to shutting off 157 thermal power plants of 100 MW or stopping running 100,000 taxis for 47 years. The bank has made its presence in the list of “China Green Companies Top 100” for five consecutive years and was conferred with the “Carbon-value Social Citizen Award” by the Fifth World Economic and Environmental Conference.

Meanwhile, IB explored deeper into inclusive finance by dint of the “bank-bank platform”. By the end of April 2014, the “bank-bank platform” of the bank has had 497 signed banks, networking more than 31,000 outlets. Based on this massive service network, IB helped small- and medium-sized financial institutions in the rural area to extend their service antennae effectively, break through the payment and settlement bottlenecks, and enrich service categories, thus serving the real economy and the “Agriculture, Rural Area and Farmers”.

It is said that Sina Finance appraised 11 prizes including the “Best Listed Companies for Contribution in Social Responsibility” this time, with winners selected from more than 2,500 listed companies through competition on the basis of internet votes and in combination with the votes of around 100 institutions and expert judges for a period of two months.