Major CSR Events
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On February 2, the awarding ceremony of the 2nd International Forum on Fintech & 2017 "Leading China" Annual Appraisal of the Financial Industry, organized by jrj.com, was held in Nanjing, where the Industrial Bank (IB) was awarded the Excellent Corporate Social Responsibility (CSR) Award, Outstanding Chinese-funded Bank, Outstanding Direct Bank, Outstanding Retail Bank, Outstanding Innovative Bank, Outstanding Asset Custody Bank, etc. in the 2017 "Leading China" Annual Appraisal of the Financial Industry.
On January 19, the financial seminar of Offering Solution to Construct Ecological Civilization and Beautiful China cum the Book Launch Event of Green to Gold: Empirical Research on Sustainable Development Based on Equator Principles were held by IB in Beijing. Dozens of specialists and scholars from universities, scientific research institutes, financial institutions and non-governmental organizations attended the meeting to have a common view on the future prospects of the sustainable development of financial services; at the meeting, IB published one of its research achievements on "the equator principles and sustainable development of banks" - a book named Green to Gold: Empirical Research on Sustainable Development Based on Equator Principles.
On January 11, the awarding ceremony of the 12th People Corporate Social Responsibility Award sponsored by people.cn was held in Beijing, in which IB successively won the 12th People Corporate Social Responsibility Award of the Year for its outstanding corporate social responsibility performance.
On December 6, the 10th China CSR Commonweal Ceremony, sponsored by Xinhuanet.com, Research Center for Corporate Social Responsibility of Chinese Academy of Social Sciences and other institutions, was held in Beijing. IB received the "Corporate Social Responsibility Award".
On December 2, the 3rd Seminar on Shared Governance of Ecological Environmental & Risk Control of Ecological Environmental under the "Belt and Road" Initiative, sponsored jointly by IB, was held in Fuzhou.
On December 1, the 10th China CSR Report International Seminar, jointly sponsored by China WTO Tribune of Ministry of Commerce, China Business Council for Sustainable Development (CBCSD) and the Embassy of Sweden in Beijing, was held in Beijing, in which the Industrial Bank Co., Ltd. Sustainable Development Report of 2016, issued by IB, won the "GoldenBee Excellent Corporate Social Responsibility Report 2017 • Special Awards for Customer Information Disclosure".
On November 23, the 13th China Corporate Social Responsibility International Forum, organized by China News Service and China Newsweek, was held in Beijing, in which IB became the only joint-equity commercial bank receiving the "Corporate Social Responsibility Award".
According to the annual review report of sustainable corporate index released by Hang Seng Indexes Company Limited in September, the Industrial Bank was covered into constituent stocks of "Hang Seng (China A) Corporate Sustainability Benchmark Index" again for its outstanding performance.
On June 28, IB won the "Annual Best Corporate Social Responsibility Financial Institution Award" awarded by China Banking Association (CBA), becoming the only joint-equity commercial bank that successively won the prize for 7 years. It also received "Annual Corporate Social Responsibility Award for Special Outlets" and "Annual Best Management Award of Corporate Social Responsibility".
In the serial awarding activities for China's banking industry organized by AsiaMoney on June 23, 2017, IB was granted the "Best Bank of Corporate Social Responsibility", the "Best Bank of the Year in Green Finance" and the "Most Innovative Bank of Green Finance" awards.
In the first "China Financial Brand Summit", jointly organized by Financial Times and China Financialyst Magazine on May 25, IB was rewarded the honor of "Annual Excellent Financial Brand of Social Responsibility". Gao Jianping, the chairman of IB, was granted the reward of "China's Excellent Financial Brand Figure".
On April 27, the sixth "China Excellent Corporate Social Responsibility Award" hosted by Daily Mirror revealed its results in Hong Kong, announcing that IB became the only banking group of Chinese Mainland that successively won the "Excellent Corporate Social Responsibility Award".
On December 22, Industrial Bank (IB) won the "Green Award" at the China CSR Commonweal Ceremony and the 8th China CSR Summit 2015" held by Xinhuanet.com in collaboration with Research Center for Corporate Social Responsibility of the Economics Division of Chinese Academy of Social Sciences, China Enterprise Reform and Development Society, and China Siyuan Foundation for Poverty Alleviation.
On Nov. 27th, organized by the china enterprise management study-the social responsibility committee, the Chinese industrial enterprise social responsibilities think tank, and Beijing rongzhi enterprises social responsibility study institute, "the 2015 annual meeting of the Chinese enterprises sustainable competitiveness-the internet plus social responsibility innovation" was hold in Beijing. Industrial Bank won the best social responsibility report award.
On Sep. 2015, Industrial Bank (IB) was listed into the "Hang Seng Corporate Sustainability Index Series" for the 6th consecutive times, and covered into constituent stocks of "Hang Seng (China A) Corporate Sustainability Benchmark Index". It came into effect as from September 14, 2015.
On June 26, at the "Conference for Release of 2014 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 Best Green Finance" and "Annual Best Management Award of Corporate Social Responsibility". Specifically, it is the fifth consecutive time that the bank won the "Annual Best Corporate Social Responsibility Financial Institution Award" and "Annual Corporate Social Responsibility Award for Best Green Finance".
On Nov. 22th, organized by the china enterprise management study-the social responsibility committee, and Beijing rongzhi enterprises social responsibility study institute, "the 2014 annual meeting of the Chinese enterprises sustainable competitiveness-the social responsibilities awareness and public transparency " was hold in Beijing. Industrial Bank won the best social responsibility report award.
On Sep. 2014, Industrial Bank (IB) was listed into the "Hang Seng Corporate Sustainability Index Series" and covered into constituent stocks of "Hang Seng (China A) Corporate Sustainability Index", "Hang Seng (Mainland and HK) Corporate Sustainability Index" and "Hang Seng (China A) Corporate Sustainability Benchmark Index". It came into effect as from September 8th, 2014.
On June 26, the Conference for Release of 2013 CSR Report for Chinese Banking Industry and the Commendation for Corporate Social Responsibility of China Banking Association (CBA) was held in Beijing. With its outstanding achievements in self-conscious performance of social responsibilities in the areas including practice of inclusive finance and green finance, and sharing for promoting development and facilitating sustainability progress, Industrial Bank (IB) was honored the "Annual Best Corporate Social Responsibility Institution Award" and "Annual Best Green Finance" for the fourth consecutive year. Meanwhile, the bank also won the "Award for Outlet with Special Contribution", and Board Chairman Gao Jianping of IB was honored the title of "Annual Leading Figure for Social Responsibility" for the second consecutive year.
On May 28, 2014, the First Sina Finance Appraisal of Listed Companies was revealed, and the Bank won the "Best Listed Company for Contribution in Social Responsibility 2013".
On April 20, 2014, the ranking of "2014 China Green Companies Top 100" was released, and the Bank featured in the list with "sustainable finance", competing with 1300 major SOEs, private enterprises, multinational corporation, for the fifth consecutive year, and become the most listed companies.
On March 24th, organized by Ernst&young and RKS, the "green economy low carbon china-Ernst&young sustainable development summit and the revealing ceremony of the public listed companies social responsibility rating was hold in Beijing. our bank received AA rating on the social responsibility report.
Feb 11th, 2014: Xinhuanet and the Research Center for Corporate Social Responsibility of Chinese Academy of Social Sciences jointly sponsored the 6th China Corporate Social Responsibility Summit and released the "White Paper on Chinese CSR Reports". With its outstanding achievements in performing social responsibilities, practicing sustainable development and serving real economy, Industrial Bank (IB) won the "Prize of 2013 Outstanding Enterprise in Corporate Social Responsibility". In the meantime, as shown in the list of "2013 Top 100 Chinese CSR Reports in Terms of Overall Scores", IB ranked No. 30 among all China's enterprises and No. 4 in the banking industry.
On December 13th, at the appraisal of the "10 best public listed corporation environment responsibilities" organized by the Chinese public listed corporation environment research committee, and received the highest rating.
On Nov. 16th, the result of "2013 Appraisal of Competitive Financial Institutions" was announced at the "11th China Business Annual Meeting on Enterprise Competitiveness" organized by the "China Business Journal . Industrial Bank (IB) won four prizes: "2013 Competitive Bank for Outstanding Supply Chain Financial Service", "2013 Competitive Bank for Green Financial Service", "2013 Competitive Bank for Personal Loans", and "2013 Competitive Bank for the Development Potential in Private Banking".
On Nov. 8th 2013, at the appraisal of the "100 best capital powers" hosted by the "security stars", our bank won "the public listed company with the best social responsibilities" award.
On Sept. 26th, at the appraisal of the Chinese enterprises clean environment award hosted by the "National Business Daily", our bank won the "2013 Chinese enterprises clean environment award."
On June 28th 2013, at the 2012 Commendation for Corporate Social Responsibility of China Banking Association (CBA), Industrial Bank (IB) was honored the "Annual Best Corporate Social Responsibility Institution Award" and "Annual Best Green Finance" for the 3th consecutive year, and Board Chairman Gao Jianping of IB was honored the title of "Annual Leading Figure for Social Responsibility".
On April 27th, on the 9th Chinese financial annual meeting hosted by jinrong.com and CAFR , our banks won the "2012 green bank award"on the general annual brand list, chairman of the board won the "2012 innovative bank", IB president Li Jiren won the "2012 annual China banking figure".
On April 20th, on the <2013 China 100 green companies report> released at the China green companies annual meeting, as the first equator bank and the forerunner in green finance in China, our bank ranks 6th among the SOEs, which moved up 12 places comparing to last year, and it's the 4th consecutive year for us to be listed in the report.
On March 30th 2013, at the appraisal of the "capital powers" hosted by the "security stars", our bank was listed on "the 100 best public listed company" and won the "best social responsibilities" award.
On Jan. 11th, at the financial industry innovative development summit
and annual "leading China" financial industry appraisals organized by jrj.com, our bank won the "best bank award", and the "best social responsibilities award" in overall awards, in retail banking we won the "best innovation award"; in wealth management product, we won the "best innovation award"; in cash management, we won the "highest potential award"; in electric banking, we won the best innovation award"; in credit card service, we won the "best service award"; in private banking, we won the "highest potential award"; and the subsidiary of our bank, IB trust, won the "best trust company award".
January 4: The Sustainable Finance Center of IB was upgraded as the Sustainable Finance Department.
Early January: The first project following the Equator Principles voluntarily – Jingbian Xilan Natural Gas Integrated Utilization Project – was implemented successfully in Xi’an.
February 24: President Li Renjie of IB visited Xie Zhenhua, Deputy Director of National Development and Reform Commission, holding discussion on the financial cooperation in the areas of energy conservation, environmental protection and integrated utilization.
February 24: Liang Pingrui, General Manager of the Sustainable Finance Department of IB attended the press conference for the “Green Credit Guidelines” held by the China Banking Regulatory Commission (CBRC) and delivered a keynote speech.
February 28: Liang Pingrui, General Manager of the Sustainable Finance Department of IB attended the fourth meeting of the Consultant Committee for the Department of China Utility-based Energy Efficiency Finance Program under International Finance Corporation (IFC) and delivered a speech.
February 29: The Sustainable Finance Department of IB was invited to attend the “2012 Special Workshop on Sustainable Energy Finance for Chinese SMEs” held by International Finance Corporation (IFC).
March 1: The Law and Compliance Department of the bank exchanged the implementation of the Equator Principles and the construction of environmental and social policies of IB with the members of the visiting investigation team from China Merchants Bank.
March 6: IB, upon invitation, dispatched representatives to the first session of 2012 Chinese Banking CSR Joint Meeting held by China Banking Association, participating in the discussions on the contents of the “2011 CSR Report Framework for Chinese Banking Industry” and “2011 Index System for CSR Report of Chinese Banking Industry” compiled by China Banking Association as well as the proposal for 2012 CSR appraisal of Chinese banking industry, and putting forward revision opinions and suggestions.
March 8: The Sustainable Finance Department of IB held the first “Carbon Finance Salon” in 2012, inviting expert from the Energy Research Institute of the National Development and Reform Commission (NDRC) to deliver keynote speech titled “Considerations on the Construction of Chinese Carbon Trading Market”. The salon attracted more than 40 attendees to come for exchange from large energy enterprises, governmental research institutions, universities and NGOs both home and abroad.
April 13: The Sustainable Finance Department of IB attended the serial green credit training of Chinese banking industry – Boost to the Development of Renewable Energy – held by the Statistics Department of China Banking Regulatory Commission (CBRC).
April: China Banking Regulatory Commission (CBRC) invited IB to join the compilation of key index system for green credit of CBRC, and the Sustainable Finance Department of the bank spared no effort in to join the compilation.
May 16 - 17: China Banking Regulatory Commission (CBRC) and International Finance Corporation (IFC) jointly held the first “Green Credit Forum of Emerging Market Economies” in Beijing, and IB attended the forum upon invitation. President Li Renjie delivered a keynote address at the meeting as the representative of the banking institutions. Liang Pingrui, General Manager of the Sustainable Finance Department gave a keynote speech at the sub-forum for the green credit practice of financial institutions in the Chinese banking industry, and Ms Lu Biying from the Law and Compliance Department participated in the round table discussion in the sub-forum for the green credit practice of international banking and financial institutions and gave a speech.
May 16: The China Finance published a signed article “Innovation and Practice in Green Finance” by Vice President Lin Zhangyi of IB.
May: IB, upon invitation, attended the first “Advanced Study Program for Green Finance and Banking Sustainability” jointly sponsored by China Banking Association and the United Nations Environment Programme Finance Initiative (UNEPFI), and introduced the practice of IB in the area of sustainable finance as a teaching institution.
June 5: Liang Pingrui, General Manager of the Sustainable Finance Department of IB attended the signing ceremony for the “Strategic Cooperation Agreement on Boosting the Environmental Protection Cause of Hunan Province with Finance” between IB Changsha Branch and the Environmental Protection Department of Hunan. Meanwhile, the branch concluded the agreement on emission rights pledged loan with Hunan Valin Xiangtan Iron and Steel Co., Ltd., which opened the curtain to provide emission rights pledged businesses across Hunan and developed new financing approaches for the field of environmental protection in the province.
June 11: Liang Pingrui, General Manager of the Sustainable Finance Department of IB attended the Sixth Tianjin International Financing Fair for Chinese Enterprises and presented himself in the signing ceremony for the strategic cooperation agreement between IB and Tianjin Climate Exchange.
June: the “Release of 2011 CSR Report for Chinese Banking Industry and the Commendation Conference of Corporate Social Responsibility” sponsored by the China Banking Association was held in Beijing. Industrial Bank (IB) won “2011 Best Corporate Social Responsibility Financial Institution Award” and “2011 Corporate Social Responsibility Award for Best Green Finance”, and Qinxian Sub-branch of IB Taiyuan Branch won the “2011 Best Corporate Social Responsibility Award for Outlet with Special Contribution” presented by the Chinese banking industry.
June: IB won the prize of “Carbon Reduction Pioneer” in the appraisal of "Top 10 Brands Leading the Future China” organized by China Times.
June: The Sustainable Finance Department of IB attended the workshop on serial criteria for measurement and validation of energy conserved in typical energy-conserving transformation projects held by China National Institute of Standardization.
June: IB ranked top in the overall appraisal over the social responsibility performance of 16 listed banks by Securities Daily, winning champion both in the aspects of social contribution and growth rate per share. The social contribution per share serves as quantitative index for the social responsibilities performed by a listed company and an important economic index for interpreting the overall performance of social responsibilities of listed companies.
July: Low Carbon World made an exclusive interview on green finance with Tang Bin, board secretary of IB, and Liang Pingrui, General Manager of the Sustainable Finance Department, and published a cover story – Industrial Bank: Environment Finance, Opening the Commercial “Blue Sea” in the Low-carbon Age”.
July: Wu Tianxiao, Vice General Manager of the Sustainable Finance Department of IB delivered a lecture titled “Green Finance, A Boost to Green Economy” at the Environment Summit held by China Business News (CBN), the cooperative media with IB for the brand promotion of green finance, in Beijing.
August: The singed article “Commercial Banks’ Practice and Exploration of Green Finance” by President Li Renjie of IB was embodied into the book, Green Economy in China, which was published officially in August.
August: IB, upon invitation, attended the second “Advanced Study Program for Green Finance and Banking Sustainability” sponsored by China Banking Association in collaboration with SynTao, and introduced the practice of IB in the area of sustainable finance as a teaching institution.
August 31: in the “Social Responsibility Appraisal of Chinese Enterprises” at the “Fourth Social Responsibility Award Ceremony for Chinese Enterprises” sponsored by Southern Weekly, IB ranked No. 14 in the “2011 Social Responsibilities Ranking of Listed Chinese SOEs”, and took the top position among all joint-stock commercial banks. Meanwhile, it ranked No. 2 in the appraisal of “2012 Annual CSR Report Prize of the Annual Social Responsibility Conference for Chinese Enterprises”.
September: IB won the "Best Green Bank Prize” appraised by TOPCFO.
September: The innovative product of IB – the special financing product for energy performance contracting won the prize of “2012 Outstanding Energy Performance Contracting Product for Innovation in Green Finance” appraised by ESCO Committee of China Energy Conservation Association (EMCA).
September 10: Ten non-governmental organizations, including Green Watershed, Friends of Nature, Green Earth Volunteers, and Global Environmental Institute (GEI), released the “Green Credit Performance Ranking of Listed Chinese-funded Banks (2008-2011)”, in which IB ranked top among the 16 listed Chinese-funded banks.
September 23: The Policy Research Center for Environment and Economy of the Ministry of Environmental Protection released the “2012 China Green Credit Report” where the green credit performances of the top 50 Chinese banks with the greatest market values in 2010 were ranked in line with the five indexes of green credit strategy, green credit management, green financial service, construction of organizational capability, and communication and cooperation. As the only bank rated as Class A (80 points or higher), IB was at the top of the ranking.
September 28: General Manager Liang Pingrui and Vice General Manager Wu Tianxiao of the Sustainable Finance Department of the Bank communicated with the director of the Statistics Department of CBRC about the progress in green finance policies.
September: IB was listed into the “Hang Seng Corporate Sustainability Index Series” for the third year consecutively, and covered into constituent stocks of “Hang Seng (China A) Corporate Sustainability Index”, “Hang Seng (Mainland and HK) Corporate Sustainability Index” and “Hang Seng (China A) Corporate Sustainability Benchmark Index”.
October: China Banking Regulatory Commission (CBRC) recommended IB as a candidate for the appraisal of “National Collective and Individual Role Models for Emission Reduction during the 11th Five-year Planning Period” jointly organized by the Ministry of Finance (MOF), the National Development and Reform Commission (NDRC), the Ministry of Environmental Protection (MEP) and the Ministry of Human Resources and Social Security (HOHRSS). IB was the only commercial bank recommended for the appraisal and entered into the phase of announcement.
October 20: the Bank was honored the “Best Listed Company for Contribution in Social Responsibility” for the second time at the “2012 Summit of China Listed Companies and the Appraisal of Reputation Ranking of Listed Chinese Companies” sponsored by National Business Daily, with outstanding achievements in performing social responsibilities, practicing sustainable finance and serving the real economy.
October 25: “Image of Future”, the Fourth CSR Summit for A-share Companies and CSR Report Rating Award Ceremony for Listed Companies 2012 was held in Beijing, and the Bank was rated at the “AA level of CSR Report Rating for A-share Companies”, ranking No. 9 among the 582 rated listed companies, up 5 positions over the last year, and was given “stable” rating expectation.
October 26: The Sustainable Finance Department of the Bank was invited to attend the Training Program for CEOs of Energy-saving Companies organized by ESCO Committee of China Energy Conservation Association (EMCA), and gave a thematic introduction to the “energy performance contracting (EPC) financing business and platform service” of the Bank.
November 17: At the Fifth World Economical and Environmental Conference jointly sponsored by United Nations Industrial Development Organization (UNIDO), United Nations Educational, Scientific and Cultural Organization (UNESCO) and International Energy Conservation Protection Environmental Association (IEEPA), IB became the only winner of “Carbon-value Social Citizen Award” with outstanding achievements in practicing the sustainable development strategy, performing social responsibilities in an active way, and promoting green finance vigorously.
November 22: IB won the “Low-carbon Pioneer Enterprise Prize” jointly appraised by the Institute for Urban and Environmental Studies of Chinese Academy of Social Sciences and 21st Century Business Herald. In the meantime, General Manager Liang Pingrui of the Sustainable Finance Department of IB was honored the “Best Climate Protection Officer”, and he was the only winner of the prize.
November 28: IB won the “Green Finance Award” in the annual appraisal of “Green Medal Prize” held by China Business News.
November 29: General Manager Liang Pingrui of the Sustainable Finance Department of IB attended the signing ceremony for the strategic cooperation agreement between IB and the Environmental Protection Department of Shaanxi Province, raising the curtain on the cooperation between the bank and Shaanxi Province regarding emission rights trading pilot.
November 3: IB, upon invitation, dispatched representatives to the Annual Meeting of the Equator Principles held in Washington, US.
December 7: The Sustainable Finance Department of IB attended the workshop “Study of Innovation in Energy Conservation and Emission Reduction Financing Mechanism for SMEs” organized by the Department of Energy Conservation of the Ministry of Industry and Information Technology (MIIT).
December 8: The Sustainable Finance Department of IB attended the “Environment Summit of Green Enterprise Alliance” jointly held by enterprises of the green alliance, joined the “Green Enterprise Alliance”, and delivered a keynote speech titled “IB’s Practice and Exploration of Green Finance”.
December 11 and 13: The Sustainable Finance Department of IB attended the “Sino-Belgium Clean Development Mechanism (CDM) and Sustainable Development International Cooperation Forum” sponsored by Hunan Provincial Government and the appraisal of the “Green Credit Guide for Chlor-alkali Industry” organized by the Policy Research Center for Environment and Economy of the Ministry of Environmental Protection.
December: Economic Daily gave a full coverage on the green finance of IB, publishing three articles: “Green Finance” Boosted the Construction of a “Beautiful China”, Energy Performance Contracting (EPC) Financing – Releasing Financial Pressure for Energy Conservation Services, and What Are Harvested by Banks with Investment in “Green”.
December 18: In collaboration with the Development and Reform Commission, Science and Technology Innovation Commission, and Financial Services Office of Shenzhen, the Development and Reform of Futian District, Shenzhen Light Emitting Diode Industry Association, Shenzhen Circular Economy Association, Shenzhen Society for Electric Energy Conservation Studies, Shenzhen Society for Low-carbon Economy Studies, and Green and Low-carbon Development Foundation, IB organized a forum on green finance innovation “leading sustainable development and driving the construction of ecological civilization” in Shenzhen, and held the certification-presenting ceremony for the first green finance projects of the bank. Zhu Liyong, Vice President of the Corporate Finance Headquarters of IB Head Office, Wu Tianxiao, Vice General Manager of the Sustainable Finance Department, Xue Hefeng, President and Li Guiqun, Vice President of IB Shenzhen Branch, and leaders from the Development and Reform Commission and Financial Services Office of Shenzhen were present at the forum and certification-presenting ceremony.
December 20: The Ministry of Human Resources and Social Security (HOHRSS), the National Development and Reform Commission (NDRC), the Ministry of Environmental Protection (MEP) and the Ministry of Finance (MOF) jointly issued the “Decision on Commending National Collective and Individual Role Models for Energy Conservation and Emission Reduction during the ‘11th Five-year Planning’ Period”, and IB was conferred the title of “National Collective Role Model for Emission Reduction”.
December 21: Non-governmental organizations including Green Watershed, Fujian Provincial Environmental Protection Volunteers Association, and Green Earth Volunteers made an on-site interview regarding the green credit policies, strategies and specific measures of IB, as well as the current progress in implementation of green credit and the Equator Principles.
December 28: IB was honored the “Green Finance Prize for China’s Listed Companies” at the Forum on the New Times Opening Ecological Civilization and Awarding of China Top 100 Listed Companies of Environmental Responsibilities" held in Beijing.
March 30: The first emission rights pledged credit business of IB was concluded successfully in Jiaxing, Zhejiang.
April: the first case of Chinese carbon assets pledged credit business – Wangyuan 20MW Hydropower Project of Minhou – was implemented in Fuzhou, Fujian Province successfully.
May 16: The China Finance published the article “Practice and Exploration of Green Finance” written by IB President Li Renjie in the 10th issue of 2011. In the article, President Li gave an introduction to the bank’s exploration and achievements in following the Equator Principles and practicing green finance, as well as relevant views and suggestions on the development of green finance.
May 24 to 25: The Statistics Department of China Banking Regulatory Commission (CBRC) carried out field investigation over such matters as the construction of environmental and social risks management system and green credit statistics system in China banking industry.
May 26: The World Environment published the article “Banking Industry and Environmental Responsibility” written by President Li Renjie in the issue of June. In the article, President Li argued that green credit was an inevitable path for the banking industry to assume the environmental responsibility and attain sustainability.
June: IB went to Spain to attend the “2011 Carbon Exposition” jointly sponsored by the International Emission Trading Association and Work Bank.
June 2: Zhejiang Banking Regulatory Bureau carried out field investigation over the green credit business of IB.
June 8-10: IB was invited to attend the “Forum on Green Credit Systems” held by Statistics Department of China Banking Regulatory Commission (CBRC) in Kunming.
June 20: IB was invited to attend the Achievements Exchange Conference for the Green Credit Guide for China’s Steel and Iron Industry held by the Ministry of Environmental Protection.
June 22: IB was honored the “2010 Best Corporate Social Responsibility Institution Award of China Banking Industry” and “2010 Best Green Finance Award of China Banking Industry” appraised by China Banking Association.
July 22: The Law and Compliance Department of IB was invited to the International Forum on Sustainable Finance jointly sponsored by the National Development and Reform Commission (NDRC) and French Development Agency, where the department introduced the practice and exploration of the bank in sustainability.
July: The Law and Compliance Department of IB was invited to the International Conference on Sustainable Finance sponsored by International Finance Corporation, where the department introduced the practice and experience of the Bank in the field of sustainable finance and made in-depth communication with Banks from Thailand.
August: IB officially opened a Weibo (microblog) account named “IB Equator Principles Microblog” at Sina.com, which was certified by Sina. Through the microblog, IB would successively release information and progress relating to the Equator Principles and social responsibility and relaying current events, news and hot news regarding environmental protection, biodiversity, social responsibility, and sustainability, etc. in a timely manner.
September 14: General Manager Hua Bing of Law and Compliance Department of IB was invited to the “Latin America - China Investors Forum” held in Beijing, and attended the thematic discussion on sustainability as a special guest.
September 26: IB, upon invitation, dispatched representatives to Shanghai to attend the roundtable symposium on green finance and sustainability of enterprises held by KPMG, and participated in interactive discussions on topics like “how should Chinese financial institutions respond to the influence of environmental and social trends in an active way”.
September 27: IB, upon invitation, dispatched representatives to the launch meeting of the “Evidence-based Evaluation of Green Credit Policies” sponsored by the Policy Research Center for Environment and Economy of Ministry of Environmental Protection in Beijing, and proposed relevant opinions and suggestions regarding the construction of an enterprise environmental performance database.
From October 20 to 21, the Legal and Compliance Department of IB, upon invitation, dispatched representatives to the 2011 Chinese Banking CSR Training and CSR Meeting held by China Banking Association at Langfang, Hebei, and participated in the deliberation and election of the “CSR Joint Meeting System for Chinese Banking”, and proposed opinions and suggestions on the program for the appraisal of 2011 Chinese banking CSR.
October 21: IB Taiyuan Branch and the Environmental Protection Department of Shanxi Province held the signing ceremony for the “Strategic Cooperation Agreement on Boosting the Environmental Protection Cause of Shanxi Province with Finance”, and Niu Renliang, Vice Governor of the province attended the ceremony.
In the last 10 days of October, IB, upon invitation, dispatched representatives to the Annual Meeting of the Equator Principles held by the Secretary Bureau of the Equator Principles in Washington and the Annual Studying Meeting held by the International Finance Corporation (IFC).
October: IB carried out a series of study, promotion and implementation activities around the theme of “Equator Banks and Green Finance”.
November 1: IB and International Finance Corporation (IFC) formally executed the China Utility-based Energy Efficiency Finance Program (phase III). In the cooperation framework at the third phase, IB would get engaged into project financing in the fields of energy efficiency improvement for small-sized enterprises and utilization of renewable energy in non-coastal areas. The whole package would extend a total of RMB 660 million loans for energy conservation and emission reduction projects. The financing scale for a single project would be RMB 20 million, and the upper limit for a single industry would be RMB 165 million.
November 2: IB Shanghai Branch and Shanghai Environment and Energy Exchange held the signing ceremony for the "Strategic Cooperation Agreement in the Field of Carbon Trading.
From November 16 to 17, the Legal and Compliance Department of IB was invited to attend the “Seminar on Green Credit Policies” held by the Statistics Department of the China Banking Regulatory Commission in Beijing, and proposed suggestions on the Guidelines of Green Credit (draft for comments).
November 18: the Third CSR Summit Forum for A-share Companies and Award CSR Report Rating Ceremony for Listed Companies 2011 jointly sponsored by the only social responsibility rating company, Rankins CSR Ratings (RKS), Chinese CSR Research Institute of Beijing Normal University, and the world-leading management institution, DET NORSKE VERITAS (DNV) was held in Beijing. The 2010 sustainability report of IB was rated as AA- among the CSR reports of A-share companies, with a score ranking No. 12 among all listed companies. Meanwhile, IB, upon invitation, also dispatched representatives to the thematic roundtable forum to introduce the practices and experiences of IB on the Equator Principles and sustainability.
November 28 – December 9: IB, upon the invitation of China Clean Development Mechanism Fund (CDMF) under the Ministry of Finance, attended the UN Climate Change Conference held in Durban of South Africa as the representative of Chinese finance institutes. The Chinese government held a range of side events at the "China Corner” for the first time at the UN Climate Change Conference, showcasing the great efforts and achievements made by the Chinese government and all social circles in the field of climate change. According to the arrangement of the Chinese delegation, among the range of side events, the Ministry of Finance was responsible for organizing the side event of “China’s Climate Change Financing”, which was undertaken by CDMF. IB, as the only representative of Chinese financial institutions, gave a keynote speech, introducing how Chinese commercial banks have supported and responded to climate change, energy conservation and emission reduction. The speech won the unanimous recognition of the attendees of all countries, attracting the attention of a number of media. Media such as CCTV News Channel and Xinhua News Agency interviewed the representative of the bank attending the conference regarding the development of IB’s green finance business.
November: In the appraisal of “2011 Competitive Financial Institutions” launched by China Business Journal, IB won four prizes, including “2011 Competitive Financial Institution for Outstanding Performance of Social Responsibility”, “2011 Competitive Bank for Outstanding Risk Control, “2011 Competitive Bank for Outstanding Supply Chain Financial Service”, and “2011 Competitive Bank for Outstanding Financial Services to Small-sized Enterprises”, with its noticeable performance in terms of CSR practice, risk control, supply chain financial services and financial services to small-sized enterprises.
December 3: IB was honored as the “Best Listed Company for Contribution in Social Responsibility” in the “2011 Reputation Ranking of Listed Chinese Companies” organized by National Business Daily.
December 3: IB was honored “2011 Bank with the Best Green Financial Services across Asia” at the 6th Asian 21st Century Annual Finance Summit and Press Conference for 2011 Asian Banks Competitiveness Rankings.
December 4: IB won the “Best Chinese Corporate Citizen Prize 2011” at the “2011 Chinese Corporate Citizens Forum and the Award Ceremony for the 8th Best Chinese Corporate Citizens” jointly sponsored by 21st Century Business Herald and 21st Century Business Review and organized by 21st Century Corporate Citizens Research Center.
December 6: General Manager Wu Tianxiao of the Sustainable Finance Center received the interview of CCTV News Channel regarding the Measures taken by IB in respond to climate change.
December 23: IB won the honor of “2011 Carbon Reduction Pioneer” in the appraisal organized by China Times.
By the end of December 2011 (starting from January 2007), IB has granted green finance based financing up to RMB 103.57 billion in total, of which there were 2,325 green finance loans with a total of RMB 88.416 billion, and 51 non-credit financing loans, with a total of RMB 15.154 billion. The projects supported with green finance credit could save 22.3106 million tce across China each year, reduce 63.9748 million tons of carbon dioxide, 838,900 tons of chemical oxygen demand (COD), 11,600 tons of ammonia nitrogen, 43,600 tons of sulfur dioxide, and 6,900 tons of oxynitride, utilize 8.1626 million tons of solid waste in an integrated manner, and save 95.6356 million tons of water.
January 8: IB was invited to attend the “Fifth People’s Social Responsibility Award and 2010 Appraisal of Social Responsibilities of Chinese Listed Companies” held by People’s Daily Online and was awarded for the first time the “People’s Award for Social Responsibilities of the Listed Companies”.
As an important section of IB’s comprehensive compliance management system (Phase II), the environmental and social risks electronic management platform was formally put into operation on January 26, 2011. After which, IB branches began to report materials relating to the Equator Principles project through the electronic platform.
In the middle of February 2011, General Manager Hua Bing of the Legal and Compliance Department of IB, as a member of the Global Reporting Initiative (GRI) Stakeholder Council, was invited to Amsterdam, Holland to attend the GRI Stakeholder Council Meeting.
In the middle of March 2011, Kang Yukun, Vice President of IB, held business talks with Citibank, Bank of Nova Scotia and Hang Seng Bank on sustainable finance, environmental & social risk management and mutual business cooperation.
March 25: IB’s Legal and Compliance Department issued to all staff a letter of appeal titled “You’re Invited to Participate in the Initiative of Earth Hour to Make a Difference to the Earth” to appeal to all staff to pay attention to the environment and climate problems and support the sustainable development of society, economy and environment through environmental protection and low-carbon behavior.
January 26-27: The Environmental and Economic Policy Research Center of the Ministry of Environmental Protection organized a training course on sustainable banking business. The Industrial Bank, a special guest at the event, was invited to give a speech about its practices in sustainable financing.
February 1-3: Mr. Li Renjie, the president of the Industrial Bank, traveled to Hong Kong to meet with senior officers from the IFC and principles from the Hang Seng Bank and HSBC. Mr. Li Renjie was also invited to attend and make a keynote speech at the 2009 Asian Recommendation Banquet for the Sustainable Banking Awards organized by the Financial Times (UK).
February 1-4: Mr. Hua Bing, the general manager of the Legal and Compliance Department of the Industrial Bank, was invited to attend the Forum on Risk Management and Commercial Innovation in Sustainable Banking held by the China Banking Regulatory Commission and the IFC. Mr. Hua Bing also made a keynote speech about the Industrial Bank’s practices concerning the Equator Principles.
February 2: The Industrial Bank was awarded the “China Baosteel Environmental Excellence Prize at the Sixth China Baosteel Environmental Awards, becoming the first financial institution to receive this accolade.
March 4: IB published its 2009 social responsibility report, also known as the 2009 Annual Sustainability Report of Industrial Bank Co., Ltd. This is the first report on sustainable development in China’s banking industry.
March 18: Mr. Hua Bing, general manager of the Legal and Compliance Department, was invited to attend the launching ceremony for a series environmental activities entitled “2010 CBN·Love for Green” and participate in the “Roundtable Dialogue of the CBN Environment Summit” held by China Business News (CBN) in Shanghai. Mr. Hua Bing was also interviewed by CBN Daily.
Between 20:30 to 21: 30 on March 27, IB’s headquarters, more than 500 branches nationwide as well as over 20,000 employees participated in Earth Hour, an environmental activity launched by the WWF. In the activity, the simple action of turning off the lights is used to express support for emissions-reduction and advocate a low-carbon lifestyle.
The Industrial Bank was nominated for the “Emerging Markets Sustainable Bank of the Year” award in the “2010 FT Sustainable Banking Awards” in April. The Sustainable Banking Awards are organized by the Financial Times in collaboration with the IFC.
April 2: The Sustainable Finance Center of IB received the special interview of the Economic News Department of CCTV News Center on the low-carbon projects supported by the bank.
May 5: The Sustainable Finance Center of IB received the special interview of the reporter of Financial Times on the financial support for low-carbon economy.
May 13: General Manager of the Legal and Compliance Department Hua Bing attended the joint regulation symposia held by the Fujian Banking Regulatory Bureau in Nanjing. At the event, Hua Bing shared IB’s experiences in the Equator Principles and sustainable finance with personnel from local banking regulatory bureaus across the country.
From May 14-28, the Industrial Bank dispatched employees to attend a field activity on sustainable finance held in the African nation of Mozambique. The activity was entitled “Environment and Social Risks Management and Sustainable Overseas Investment”.
May 17: The Sustainable Finance Center of IB attended the workshop of financial support for energy conservation and emission reduction held by the Financial Market Department of the People’s Bank of China.
From May 21-22, the Industrial Bank sent representatives to participate in the “International Seminar on Corporate Social Responsibilities and African Development” upon invitation. The seminar was sponsored by the West Asia and Africa Research Institute under the Chinese Academy of Social Sciences.
In June, Kang Yukun, vice president of the Industrial Bank, was invited to lead a delegation to the South Africa Standard Bank. Kang Yukun exchanged views on the implementation of sustainable finance and the Equator Principles with Mr. Paul Smith, the Chief Risk Officer of the South Africa Standard Bank Group.
June 3: the Industrial Bank was invited to attend the 3rd “Green Competitiveness Marketing Lecture” held by the Green Section of Sohu Website in Beijing. The theme of the lecture, which was held in a large studio in the Sohu Building, was “Can finance benefit more from going green?”
June 8: Vice President Lin Zhangyi of IB attended the third meeting of the Consultant Committee for the Department of China Utility-based Energy Efficiency Finance Program under International Finance Corporation (IFC) and delivered a speech.
In early June, Hua Bing, general manager of the Industrial Bank Legal and Compliance Department, attended the Annual Meeting of the Equator Principles and the IFC Annual Learning Meeting in the U.S on invitation.
June 20: the Industrial Bank was named as the No.1 listed company for social responsibility in the 5th Chinese Securities Journal Cup “Top 10 Listed Companies for Competitiveness and Public Trust”.
At the beginning of July, the Legal and Compliance Department of the Head Office, upon invitation, dispatched officers to attend the “Seminar on Social Responsibilities of China’s Banking Industry” held in Beijing. At the event, the representatives put forward opinions on the preparation of a social responsibility report of China’s banking industry.
July 15: the Hang Seng Indexes Company Limited published the list of constituent stocks for the “Hang Seng Corporate Sustainability Index Series”. The Industrial Bank was added to the indexes of “Hang Seng (China A) Corporate Sustainability Index” and “Hang Seng (Mainland and HK) Corporate Sustainability Index”.
July 17: upon invitation, Hua Bing, General Manager of the Legal and Compliance Department of the Head Office, attended the training meeting for new employees of the preparation group of the Finance Lease Company of the Industrial Bank, and gave lessons on the Equator Principles and the management of sustainable finance of the bank to all company employees.
In July , the bank submitted its Annual Environmental and Social Performance Report 2009 to IFC.
July: IB issued the “Reply of Industrial Bank on the Opening of Emission Rights Pledged Credit Business by Hangzhou Branch" (XYF [2012] 442), releasing the business of emission rights pledged credit formally.
August 10: IB received the investigation of the National Energy Conservation Center of the National Development and Reform Commission on the development of energy conservation financing business of the bank.
August 24: President Li Renjie, upon the invitation of International Finance Corporation (IFC), received the exclusive interview of the camera team for the “Publicity Film in Commemoration of the 30th Anniversary of Cooperation between the World Bank and Chinese Government”, introducing the bank's practice of green finance and cooperation regarding China Utility-based Energy Efficiency Finance Program (CHUEE).
IB held the 2010 IB Legal and Compliance Training Course in Xi’an on August 27-28, 2010. Kang Yukun, Vice President of IB, made an important speech and the Head Office and branches engaged in-depth discussions on issues of concern in the course of IB’s compliance and sustainability operations.
August: the Legal and Compliance Department of the Head Office introduced IB’s efforts in the field of green finance and portrayed IB’s responsible social image in an interview by Fujian TV Station.
August: the bank published the Green Finance, Better Tomorrow – The Equator Principles Annual Implementation Report of the Industrial Bank (2008-2009), which is the first report in China’s banking industry on the implementation of the Equator Principles.
September: Board of Directors magazine published “Sustainable Finance: the Business Logic of IB”, which included an interview with leaders of the Industrial Bank such as Chairman Gao Jianping. In the interview, bank leaders introduced the Industrial Bank’s concepts of sustainable finance and its innovations in business modes.
September 2: President Li Renjie Attended the Changchun International Finance High Level Conference of the Sixth Northeast Asia Expo upon invitation and delivered a keynote speech on IB’s Adoption of the Equator Principles and its Development of Green Finance
September 2: IB and the energy conservation and emission reduction financing products of the bank respectively won the honors of “China Top 50 Green Company” and “China Top 10 Green Product” in the appraisal organized by Business Watch Magazine.
September 10: IB President Li Renjie delivered a speech at the First Global Low-Carbon Finance Advanced Forum, which was sponsored by IB. President Li Renjie also introduced IB’s initiatives in the field of green finance and low-carbon finance in an interview with 21st Century Business Herald.
September 9-10: the Legal and Compliance Department of the Head Office was invited to attend the “Sustainable Banking Business Training Course” jointly sponsored by the Environmental and Economic Policies Study Center of the Ministry of Environmental Protection and Sichuan Banking Regulatory Bureau. The bank also introduced its practical experiences in the implementation of the Equator Principles at the meeting.
September 16: IB was granted the “Best Social Responsibility Report Award for the Financial and Insurance Industry” by Hexun Web and Det Norske Veritas (DNV), and was invited to introduce its experiences in the implementation of the Equator Principles at a round-table forum.
October 21: the Legal and Compliance Department of the Bank issued a notice to carry out the “looking-back” branch survey for the first anniversary of the formal implementation of equator principles.
October 26: General Manager Hua Bing of the Legal and Compliance Department of this Bank, upon invitation, attended the “2010 Inter-bank Platform Cooperation Forum and Seminar on Sustainable Development Strategies of Chinese Commercial Banks” held in Taiyuan, Shanxi, and introduced the IB’s concept and practice of sustainable finance, stressing that Equator Principles and green finance are the best choice for the banking industry to achieve sustainable development.
October: IB issued the Administrative Measures of Industrial Bank for Carbon Assets Pledged Credit Business, taking the lead to release the carbon assets pledged credit business in China.
November 2: IB won the prize of “2010 Sina Golden Unicorn Best CSR Bank” in the appraisal organized by Sina Finance.
November 4: The Sustainable Finance Center of IB, upon invitation, attended the internal training program of monetary credit and financial research organized by PBC Zhejiang Branch to introduce the green finance business of the bank.
November 5: The Sustainable Finance Center of IB received the special interview of the reporter of Economic Daily on the green finance business.
From November 10 to 11, 2010, Vice President Kang Yukun and General Manager Hua Bing of the IB’s Legal and Compliance Department, accompanied by relevant personnel, went to the first stop，Hangzhou Branch, to carry out the “looking-back” survey for the implementation of the Equator Principles first annual anniversary.
November 19: General Manager Hua Bing of the IB’s Legal and Compliance Department went to Shanghai to attend the Sixth Annual Banking Compliance Symposium upon invitation and delivered the speech “Corporate Social Responsibilities and Management of Reputation Risks”.
November 22: Tang Bin, Secretary of the IB’s Board of Directors, was invited to attend the “Global Green Think-Tank Summit” held by the International Green Economy Association, introducing the sustainable finance concept and practice of the Industrial Bank.
General Manager Hua Bing of the IB’s Legal and Compliance Department was elected as a member of GRI Stakeholder Council, and he was invited to attend the first China GRI Reporters Conference held by Global Reporting Initiative in Beijing on November 23, 2010.
From November 24 to 25, 2010, General Manager Hua Bing of the IB’s Legal and Compliance Department lead a team to Zhengzhou Branch to carry out the “looking-back” survey for the first annual anniversary of implementation of Equator Principles.
November 30: General Manager Hua Bing of the Legal and Compliance Department of IB was invited to attend the “Sino-foreign Banks’ Green Credit Practices Exchange Conference” hosted by the China Banking Regulatory Commission, introducing IB’s practice and exploration in sustainability development .
From December 1st to 3rd, 2010, the Legal and Compliance Department of IB was invited to attend the sessions in the “Seminar on the Strategic Planning of the Equator Principles for the Next Five Years” hosted by the Equator Principles Association in Beijing.
December 2: IB was conferred with the title “2010 Low-carbon Pioneer Enterprise” appraised jointly by the Institute for Urban and Environmental Studies of Chinese Academy of Social Sciences and 21st Century Business Herald, and was also covered into “2010 Report on Low-carbon Development of Chinese Enterprises” as a low-carbon development case.
December: IB won “the 7th China Best Corporate Citizen Prize for 2010” sponsored by 21st Century Economic Report and 21st Century Business Review, both of which are affiliates of the commercial media institution - 21st Century News Group. It is the fourth time that IB has been honored with the Prize.
January 7: The Sustainable Finance Center of IB was established.
February 12: Industrial Bank issued the IB’s Policies for Environmental and Social Risks Management, which specified for the first time IB’s guideline, statement and commitment to environment and social risks management, positioning and planning the organizations and credit system in the sustainable development’s progress. It was also the principle, beacon and guideline for IB environment and social risks management.
February 25-26: Conference on Equator Principles Work was held, at which the staff of working team in head office had an in-depth discussion with the international experts from the WWF on the issues of project classification of equator principles, inspection procedure, expert mechanism, information disclosure and corporate culture building.
March 17: Tang Bin, board secretary of IB, was invited to give a lecture in Hanoi, Vietnam, introducing the sustainable finance business of the bank.
March 26-27: Industrial Bank attended the Meeting of Training on Environment and Social Risks Management in Beijing jointly held by MEP and IFC, and made a keynote speech at the meeting.
March 30: IB and IFC signed the “Cooperation Agreement on Carbon Finance Consulting Program”.
April 7: The independent assessment panel of IB and International Finance Corporation (IFC) carried out the medium-term assessment over energy conservation and emission reduction projects (CHUEE).
May: Heading a group, Gao Jianping, the BOD chairman was invited to visit Mizuho Corporate Bank, Ltd where he had a business talk and exchange with Mr. Yasuhiro Sato, the governor of Mizuho on equator principles, cooperation and environment and social risks management. This view exchange between the senior management provided IB with deep understanding in the advanced experience and methods in equator principles from Mizuho and further enhanced the IB’s awareness and capability of environment and social risks management.
May: IB attended Equator Principles Meeting jointly held by IFC and Secretary of Equator Principles, learning from foreign equator banks about their experience of sustainable development and introduced IB’s history of sustainable development and the current progress of equator principles’ implementation, which received recognition and approval from officials in IFC and World Bank.
May 19-20: IB attended Forum on Finance, Environment and Development jointly held by Environmental and Economic Policy Research Center of MEP, the Energy Research Institute of the NDRC, Finance Institute of Bank of China and Representative Office in Beijing of WWF (Switzerland) and gave the message on IB’s Adoption of Equator Principles and its Current Implementation Progress. Besides government’s policies on green credit learnt in the forum, IB also had an overall and deep exchange and discussion with foreign finance institutes and foreign banks that adopted the equator principles.
May 21: The Sustainable Finance Center was put into operation officially in Beijing.
On the strength of its pioneering work and achievements in sustainable banking, the Industrial Bank, China’s first Equator Bank, picked up two nominations for the 2009 sustainable banking awards on June 4: “Sustainable Bank of the Year” and “Asian Sustainable Bank of the Year Award” held by the Financial Times(UK). In the finals, the Industrial Bank was awarded the title “Asian Sustainable Bank of the Year Award”, becoming the first bank in China to receive this accolade. The Industrial Bank is the only bank in China to have been nominated in the Sustainable Banking Awards for three consecutive years and to have been successful on two occasions.
June-July: representatives from the Industrial Bank traveled to the Mizuho Corporate Bank, Ltd. in Japan for five-weeks of exchanges and training on the Equator Principles.
July: IB did a cover interview for the Board of Directors magazine entitled “Green Declaration of a Bank”, in which the company’s new governing philosophy and its experiences in integrating obligations into interests for sustainable finance were further publicized.
July: the Industrial Bank was granted the “2008 Best Green Bank in China Award”, a special accolade in the 2008 China Best Bank Awards sponsored by Economic Observer.
July 21: The Industrial Bank attended the Low Carbon Business Innovation Forum held by the World Wide Fund for Nature (WWF) and the China Entrepreneur Club (CEC).
August 14: the Industrial Bank held the “Seminar on Experiences in the Equator Principles, Energy-Efficiency Financing and Green Credit”. During the seminar, the Industrial Bank briefed a visiting delegation from Vietnam on the Bank’s experiences and practices in energy-efficiency financing and green credit. The green credit government delegation comprised of six of the nation’s ministries, committees and major commercial banks, including the Vietnam National Bank, Ministry of Natural Resources and Environment, Ministry of Finance, Ministry of Industry & Trade, Ministry of Planning and Investment and the Vietnam Economic Committee of the People.
September 11: The Corporate Finance Department of IB gave report on the business of energy conservation and emission reduction for communication to the Financial Market Department of the People’s Bank of China and the Research Bureau of China Banking Regulatory Commission.
October: the Industrial Bank was invited to attend the UNEP FI 2009 Global Roundtable, and was the only Chinese bank to deliver a keynote speech during the conference. During the event, Paul Clements-Hunt, the Head of the United Nations. Environment Programme (UNEP) Finance Initiative (FI), praised the Industrial Bank for “Seizing the initiative” in the domain of sustainable finance over the last two years.
After the meeting, Industrial Bank President Li Renjie met with Jean Marc Etlin, (the Executive Vice President of the Itau BBA Investment Bank, South America’s largest bank) and Peter Schlebusch (the Chief Executive of Personal & Business Banking of the Standard Bank of South Africa, the largest bank in Africa) for talks concerning the Equator Principles and interbank cooperation.
October 14-23: the Legal and Compliance Department organized special training courses on the Equator Principles at Industrial Bank branches in Ji’nan, Qingdao, Nanchang and Wuhan to assist preparations for the formal implementation of the Equator Principles.
October 17-18: General Manager of the Legal and Compliance Department Hua Bing attended the 2009 Annual Meeting of China Law Society Banking Law Studies Institute, and submitted the thesis Study of Legal Problems in Sustainable Banking Development --Referential Value of Adopting the Equator Principles.
October 19: General Manager of the Legal and Compliance Department Hua Bing was invited by the China Development Bank to offer a course on social responsibilities for managers and employees at the CDB. At the event, Hua Bing made a speech on the Industrial Bank’s adoption of the Equator Principles.
October: the Industrial Bank was successfully nominated for the 6th Baosteel China Environmental Award. The efforts that the Industrial Bank has made in sustainable finance have been initially recognized by the appraisal committee.
October 21: A delegation from the head office of the Shanghai Pudong Development Bank visited the Legal and Compliance Department at IB headquarters and engaged in exchanges on the Equator Principles.
November 1: IB officially implemented the Equator Principles in accordance with related internal regulations including Administrative Measures of Project Financing Applicable to the Equator Principles.
November 6-7: Legal and Compliance Department of IB’s head office sent a delegation to Beijing to attend the International Forum on China Green Economy held by the Ministry of Environmental Protection of the People’s Republic of China and the United Nations Environment Programme.
November 2: IB’s Fuzhou branch published its Operating Procedures for Administrative Measures of Project Financing Applicable to the Equator Principles to standardize project management applicable to the Equator Principles .
November 11-13: The Legal and Compliance Department of IB’s head office sent a delegation to Beijing to attend a conference on the China Green Credit Policy Assessment held by the Policy and Regulations Department of the Ministry of Environmental Protection of the People’s Republic of China
November 14-28: The Credit Approval and Review Department and Legal and Compliance Department of IB’s Head Office attended a training course on Environmental and Social Management in European Countries organized by the Export-Import Bank of China and WWF.
November 18: The first two financial consulting businesses of carbon finance were successfully provided by IB Xi’an Branch.
November 31: Within one month following the implementation of the Equator Principles, the Legal and Compliance Department of IB’s Head Office conducted preliminary project finance evaluations of 154 projects reported by 29 branches in terms of the Equator Principles.
December 3: The Industrial Bank Legal and Compliance Department sent representatives to the Corporation 2009 Appreciation Dinner in Shanghai held by the WWF, and was granted the 2009 Outstanding Nature Conservancy Support award.
December 3-4: representatives from the IB attended the event China NGO’s Participation in Advocacy of Green Credit Workshop held by the Yunnan Participatory Watershed Management Research and Promotion Center (also known as Green Watershed) to exchange views on issues related to NGO’s participation in advocacy of Green Credit.
December 9: IB was awarded 2009 6th China Best Corporate Citizen Award held by 21st Century Business Herald and 21st Century Business Review, which are run by the media institution 21st century.
Industrial Bank held the Certificate-awarding Ceremony and Press Conference for the First Equator Principles Project on December 22 in Yong’an, Fujian to announce the formal launch of the 2×300MW expansion project of the Fujian Hua Dian Yong An Power Generation Co., Ltd, the first project to apply the Equator Principles.
February 18 -19: With encouragement from the Office of the Board of Directors, Industrial Bank declared publicly at work meeting of industry organizations that IB would adopt the equator principles in 2008.
February 25: Mr. Li Renjie, President of IB, and Mr. Jyrki Koskelo, Vice President of International Finance Corporation (IFC) executed the energy conservation and emission reduction financing program of China (phase II) in Beijing. In the cooperation framework at the second phase, IB would get engaged into project financing in the areas of energy efficiency, new energy and renewable energy, and CDM, and the financing scale for a single project would increase to RMB 40 million. The whole package would extend a total of RMB 1.5 billion (about USD 210 million) loans for energy conservation and emission reduction projects. It was anticipated that emission of carbon dioxide reduced would exceed 5 million tons each year, equivalent to shutting off 10 thermal power station of 100MW.
March 18: The representatives of Legal and Compliance Department met with Ms. Motoko Aizawa, head of Policy and Standards Unit of Environment and Social Development Department for the discussion concerning the application for the adoption of equator principles.
April 2: The representatives of Law and Compliance Department of IB traveled to Shanghai to meet with Mr. Roberto Dumas, Banco Itau BBA S.A., Shanghai Representative Office for an in-depth discussion on the related equator principles.
April 18: The representatives of Law and Compliance Department of IB traveled to Shanghai to meet with Mr. Osamu Odawara, head of Sustainable Development Department of Mizuho Corporate Bank, Ltd, (also the sectary in charge of equator principle affairs in Asia) for the discussion on the related application for its commitment to entry into the equator principles.
May 20: The delegation of IB led by Kang Yunkun, vice president of IB traveled to the USA for investigation and exchange meeting specially held for IB by IFC on issues concerning adoption and implementation of equator principles as well as the environment of invested projects and social risks management.
May 27: The delegation of IB led by Kang Yunkun, vice president of IB paid a visit to Banco Itau BBA S.A. in Brazil for an in-depth talk on the details of adoption and implementation of equator principles based on the previous exchange.
May 30: The international finance experts of WWF were invited to hold special training in Beijing on the basic knowledge of equator principles for the staff of IB. The staff in Law and Compliance Department, Research and Planning Department, Risks Management Department, Credit Approval and Review Department, Corporate Business Department, Key Account Business Department attended the training.
June: IB was nominated for the prize of “Sustainable Bank for the Emerging Market” by the British Financial Times.
June 23-26: On behalf of IB, the officers of Law and Compliance Department were invited by Ministry of Environmental Protection of the People’s Republic of China (MEP) to join China Green Credit Policies team consisting of MEP, Bank of China, China Banking Regulatory Commission and some Chinese-funded banks to visit America for investigation.
June 28: The Motion on Application for Admission into the Equator Principles was passed at the 5th Meeting of the 6th Board of Directors.
July 17: Announcement on Establishment of Leading Group Office for Equator Principle Work and the Setting of Sustainable Finance Office in Law and Compliance Department (IB 2008, No.491) was issued which established the equator principles’ implementation team, responsibility, mission as well as the sustainable finance office.
July 30: Industrial Bank issued the Announcement on Work Arrangements for Application for Admission into Equator Principles (IB 2008, No.518), which outlined the general work after adoption of equator principles in the labor division and close cooperation with departments with the staged goal as its core.
August 1: Proposal on Application for Admission into the Equator Principles was submitted in writing to China Banking Regulatory Commission (IB Qing 2008, No.42).
August 21-24: Independent Evaluation Group of IFC came to China for the first time to evaluate IB projects invested in by IFC from the viewpoint of environment and social influence, and Kang Yunkun, vice president of Industrial Bank, hosted the meeting. Under the organization of Law and Compliance
Department, Evaluation Group conducted field investigations on IB’s financing projects and gave a high rating of IB’s outstanding fulfillment of environment and social responsibility.
September 10: Vice President Chen Dekang of IB listened to the research report on carbon finance market delivered by the energy conservation and emission reduction team, and formally submitted the application for the establishment of Carbon Finance Center (renamed Sustainable Finance Center later).
September 17-19: Industrial Bank organized the “Energy Conservation and Emissions Reduction Credit Training” for the Regulatory Commission on Credit Business and Energy Conservation and Emission Reduction. At the conference, the representatives from Equator Banks such as IFC, Barclays Bank, Citibank, and Banco Itau BBA S.A. introduced their major experiences in the fulfillment of equator principles which were a valuable source of reference for Chinese supervisory authorities and finance institutions in the bank industry to understand and accept equator principles before establishment of an environment and social risks management mechanism.
September 23-24: International finance experts of WWF were invited by IB to conduct special training on equator principles for the second time in Fuzhou. The Law and Compliance Department arranged staff of member departments of leading groups for equator principles’ implementation to attend the training.
September 27: China Banking Regulatory Commission replied to IB in writing to the Proposal on Application for Admission into the Equator Principles, giving its opinions on IB’s Application for its Commitment to the Equator Principles (Regulatory Commission Office Notice 2008, No.140), which meant that IB had completed the domestic regulator’s review of the application process of commitment to adopting equator principles.
October 17: Vice President Chen Dekang of IB held discussion on cooperation of carbon finance with Bernhard Zander, First Vice President of KFW Bankengruppe in Beijing.
October 24: Law and Compliance Department and Key Account Business Department invited the representatives of key accounts to attend the special forum on equator principles held in Beijing for the promotion of communication and exchange concerning the equator principles among clients and IB, preparing for further localization of equator principles and the enhancement of environment and social risks management.
October 31: IB held the Celebration and Conference Release on its Commitment to the Equator Principles, officially announcing the adoption of equator principles and thus becoming the first Equator Bank in China.
November 27: IB attended the second meeting of the Consultant Committee for China Utility-based Energy Efficiency Finance Program and gave an introduction to projects.
November 30: The biomass power generation project declared by IB won the honor of “Top 10 Green Credit Project” at the green finance forum of the Third Asian 21st Century Annual Finance Summit.
December 14: Industrial Bank issued Some Opinions on Adoption of Equator Principles (IB 2008, No.777), providing the guideline for the IB branches’ participation in the localization of equator principles.
December 18-19: The Special Forum on Equator Principles was held in each department of IB in which the concept of equator principles and its specific localization work were discussed among the directors of each branch, executives of the bank and core employees in business.
December 30: IB and Arreon Carbon UK Limited signed the “Cooperative Agreement on Joint Development of China CDM Program”, which was the bank’s first agreement on the carbon purchase agency business.
January 8: IB and Fujian Provincial Economic and Trade Commission issued a document jointly, announcing that both parties would drive the implementation of energy efficiency loan program in Fujian Province in collaboration.
January 22: IB, International Finance Corporation (IFC), and Fujian Provincial Economic and Trade Commission jointly held the “Energy-saving Western Taiwan Straits – Press Conference for the Energy Efficiency Loan Products of Industrial Bank”.
March 21: The first energy efficiency loan of IB was extended successfully by IB Jinan Branch, with an amount of RMB 16 million and a term of four years. The project could save 11,496 tce and reduce 22,000 tons of greenhouse gas a year.
May 28: Mr. Chen Dekang, Vice President of IB was engaged to serve as a member of the Consultant Committee for China Utility-based Energy Efficiency Finance Program (the only member from the banking industry) and attended the first meeting of the committee held in Beijing.
June 7: IB was nominated for two prizes, the “2007 Sustainable Bank for the Emerging Market” and the “2007 Sustainable Deal Award” in the appraisal of “2007 Sustainable Banking Awards” jointly held by the British Financial Times, and International Finance Corporation (IFC), and won the runner-up prize of the “2007 Sustainable Deal Award”, becoming the first one of the Chinese banking industry winning this honor.
June: The officials of the board of directors of IB met with Francis Sullivan, deputy head of Group Sustainable Development of HSBC Holdings plc., and had an in-depth discussion concerning equator principles.
June 11: Board Chairman Gao Jianping of IB visited the Washington Headquarters of International Finance Corporation (IFC) upon invitation, exchanging ideas about cooperation with regard to energy efficiency financing program and financing for SMEs. Chairman Gao indicated to “develop the energy efficiency financing program into a big and strong brand-based one with influence”.
August 9: Mr. Chen Dekang, Vice President of IB presided over and held the “Symposium on Marketing of Energy Efficiency Loan Program” in Taiyuan, which summarized the energy efficiency program as one with “great significance, broad market, operating feasibility, controllable risks and desired benefits”.
September: The Office of the Board of Directors of IB published internally for management reference Equator Principles: Guideline of Bank’s Social Responsibility and Sustainable Finance, which, for the first time, advocated the equator principles and related sustainable financing in industrial bank.
September 19: The Office of the Board of Directors of IB invited Motoko Aizawa, head of Policy and Standards Unit of Environment and Social Development Department of IFC, Luo Qiang, IFC’s principal banking expert as well as Zhang Rong, head of China program of IFC to visit industrial bank and offer special training on the equator principles, which IB’s principals from relevant departments also attended.
October: President Li Renjie of IB, up invitation, attended the United Nations Environment Programme (UNEP) Global Roundtable held in Melbourne, Australia, and delivered the keynote speech on “From Perception to Action: Explore Sustainable Finance in Performing Social Responsibilities”, signing the “UNEP Statement by Financial Institutions on the Environment & Sustainable Development” on behalf of IB.
October: IB began to develop the business of carbon finance.
November 27: Li Renjie, president of the Industrial Bank, met with Ms. Rachel Kyte, director of the IFC’s Environment and Social Development Department and Mr. Javed Hamid, director of IFC's East Asia and Pacific Department for an in-depth exchange concerning the research of sustainable finance and adoption of equator principles.
November 27: IB, International Finance Corporation (IFC), the Department of Resource Conservation and Environment Protection of the National Development and Reform Commission, the Energy Research Institute of the National Development and Reform Commission and Financial Times jointly held the 2007 “Energy-conserving China” Summit and “Green Credit” Innovation Workshop in Beijing.
November 30: The Office of the Board of Directors of IB launched ”Social Responsibilities & Sustainable Financing Seminar” in Shenzhen to promote the concept of sustainable finance related to the equator principles.
December 4: Kang Yukun, vice president of the IB and director of the risks management department attended the International Symposium on Bank Organization Environment and Social Risks Management jointly held by Bank of China and IFC in Beijing.
December 8: IB won the “4th China Best Corporate Citizen Prize in 2007”, which was launched by 21st Century Business Herald and 21st Century Business Review under the commercial media institution – 21st Century News Group.
December 14: Gao Jianping, the Bank’s BOD chairman met with Mr. Robert Zoellick, president of the World Bank, and exchanged views on IB’s energy-efficient financing project and related equator principles.
December: IB won the “2007 Best Public Corporate Image Prize” jointly appraised by the Enterprise Research Institute of the Development Research Center of the State Council, the China Credit Research Center of Peking University, Sohu Business, and Guanghua Media.
May 17: Mr. Li Renjie, President of IB and Mr. Lars Thunell, Executive Vice President of International Finance Corporation (IFC) signed the “Loss Sharing Agreement” under the witness of Mr. Chen Dekang, Vice President of IB and Ms Karin Finkelston, Chief Representative of IFC in the region of China and Mongolia. Since then, both parties initiated the cooperation in developing the energy conservation and emission reduction financing market in China.
May: IB and International Finance Corporation (IFC) began to design energy efficiency financing product (upgraded as the energy conservation and emission reduction financing program later).
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