On June 26, in the “Conference for Release of 2015 CSR Report for Chinese Banking Industry and the Commendation for Corporate Social Responsibility” held by China Banking Association (CBA), Industrial Bank (IB) won three prizes, “Annual Best Corporate Social Responsibility Financial Institution Award”, “Annual Corporate Social Responsibility Award for special outlets” and “Annual Best Management Award of Corporate Social Responsibility”. Specifically, it is the 6th consecutive time that the bank won the “Annual Best Corporate Social Responsibility Financial Institution Award”.
IB gain won that honor by no accident. As the first “equator bank” in China, Industrial Bank, for many years, has committed to balancing the relationship and harmony between different stake holders, and further developed in the area of green finance and inclusive finance, which truly serves the real economy.
IB’s version of the inclusive finance practice
In 2007, the bank established the leading group for corporate social responsibility led by Board Chairman Gao Jianping in 2007, and innovatively put forward the corporate social responsibility practice philosophy of “obtaining reasonable profits while bringing benefits to the stakeholders”, combining the performance of corporate social responsibility with products and services of the bank and implementing the philosophy of “maintaining the harmony between human, nature, environment and society; exploring different ways for corporate to hold social responsibilities” into every management and operation link of the bank.
This year, the first energy efficiency finance project was initiated in Industrial Bank. From then on, finance has a touch of humanity.
The development of green finance in IB has showed the philosophy of “obtaining reasonable profits while bringing benefits to the stakeholders”. As the first equator bank of China, through years of innovations and explorations, IB has three major financial services including energy-saving & emission-reducing finance, emission permits finance and personal low-carbon finance, which covers the client base of both corporates and individuals, and balances the economic interest and the social and environmental effect. This has lead a sustainable development path of “from green to finance”.
By the end of 2015, the bank has accumulatively granted nearly 800 billion yuan of green finance to 6000 energy saving & environment protection enterprises, with the green finance extension of RMB 394.2 billion. The projects supported with such financing could have the equal emission-reducing effects of 7.16 million hectare of forest and help the transition to China’s green economy. In the meantime, the bank supported 258 projects with nearly 600 billion yuan according to the equator principle, and also participated in the drafting and improvement of domestic green finance and global sustainable finance standards.
Meanwhile, Industrial Bank further developed the “interbank platform” in China. IB has transmitted advanced management experience, financial products and technological capability to small- and medium-sized rural commercial banks and rural credit cooperatives in the cities of the third and fourth tiers and rural areas, and improved the coverage and level of equivalent financial services enjoyed by residents and small and mini-sized customers in the cities of the third and fourth tiers, rural areas and remote areas and at the terminal indirectly, thus practicing “inclusive finance” in the real sense. By the end of 2015, the “interbank platform” has had 653 signed banks, networking more than 36200 outlets for on-the counter settlement. This means that customers of rural commercial banks and rural credit cooperatives can handle services at the outlets networked by the “interbank platform” nationwide and enjoy modern financial services if they hold a card.
And also, the bank’s “happy life” pension finance has more than 1.2 million clients with asset under management of 557.9 billion, and also opened 772 community outlets in major cities, and extended the “last mile” of inclusive finance service.
Servicing real economy with innovations and explorations
Through 20-year of development, in 2015, Industrial Bank has evolved from one single bank to a comprehensive financial service group with 9 licenses of banking, trust, leasing, fund, consumer finance, future, asset management, consulting, and digital finance.
The comprehensive strength brings the bank closer to our national strategies.
The bank actively supports the OBOR strategy, and plans to set up 14 outlets in the free-trade zones of the concerned areas. By establishing the intelligent manufacturing department, industry fund, securitization and banking-leasing service, the bank supports the real economy and important national strategies. For example, the bank established the railway development fund and the 10-billion IB Xiamen municipal industry development fund, invested in the silk road golden fund, innovated in the Shanghai free trade zone FT service, and supported the culture industry development of the free trade zone by setting up the Mawei shipping building culture co ltd.
To support the “Popular entrepreneurship and innovation”, Industrial Bank cultivated the financial service and the unique competitiveness to cover the entire development process of small start-ups: the first step is the official roll-out of the “innovation finance” system, which includes products such as “start-up loans”, “NEEQ finance”, “V start-ups” and combines it with “debt finance, equity finance, settlement and consulting service”. The second step is the breakthrough of the “Internet + bank + platform” Internet financial service for small start-ups. By the end of 2015, the service platform has 208 online financing clients with 474 million loans. The third step is the further development of brand and scale effects of the product package “suyidai”, followed by “jiaoyidai” and joined by “lianliandai” for small start-ups. By the end of 2015, the product package has served nearly 7000 small start-ups with 24.88 billion loans.
In 2015, Industrial Bank also incorporated “Internet, information and digital genes” into finance and innovate a serial of new product, which meet the diversified need of the public. Except continuing to develop products such as “Money Manager”, “Direct Bank”, and “Industrial Treasure”， the bank also rolled out online medical services such as “Bank-hospital Pass” and “Hospital in Hand”. The bank also created “IB yundaitong”, which helps the urgent need of micro and small distribution companies, “huinongdai”, which achieve the recycling use of fund, and “micro traffic”, which bring the car service to your phone.
The bank also committed to give back to society with charity cause on a regular basis and during nature disasters with “students help-fund”, “disaster fund” and “poverty relieving fund”. For those years, according to statistics, the bank has donated millions of yuan. In 2015, the bank’s donation reaches 39.59 million yuan.