Industrial Bank Named No. 1 Socially Responsible Listed Company in the 5th Chinese Securities Journal Cup

June, 20, the award ceremony of the 5th Chinese Securities Journal Cup “Top 10 Listed Companies for Competitiveness and Public Trust was held in Shanghai. The Industrial Bank (601166) was named as the No. 1 socially responsible listed company. Tang Bin, Director and Board Secretary of the Industrial Bank, was also named “Champion Board Secretary”.

“The Top 10 Listed Companies for Competitiveness & Public Trusy” is sponsored by Chinese Securities Journal and Sina Finance. The event has been held for five consecutive years, and is considered to be highly authoritative. The appraisal adopted means such as a co-vote by small investors, institutional investors, investment-banking experts and research institutions. Through online voting on a Sina special, reader voting in the Chinese Securities Journal, questionnaire survey of institutional investors and expert review, the appraisal was based on such factors as listed company’s operation performance, stockholder’s equity, social responsibility and prospects for growth. 

The Industrial Bank believes that the social responsibility of a bank should not be confined to making profit, paying tax and giving donations, but to operating in a correct way, understanding and addressing stakeholders’ concerns and making full use of bank’s special advantages and influence in economic and social development to drive other enterprises as well as whole industries to actively fulfill their social responsibilities and maximize performance effects.

Based on this notion, the Industrial Bank insists on perfecting its corporate governance. It has established a sustainable development concept, put forward the notion of “Integrating Morals into Profits” to fulfill social responsibility, combined social responsibilities with bank business and sought business opportunities while fulfilling social responsibilities. It is always in pursuit of a sustainable and developable commerce mode and social responsibility practice mode so as to realize the mutual benefit of the bank and society. In 2006, it was the first organization of its kind in China to launch a scheme to finance energy conservation and emission reduction projects. In 2007, it signed the Statement of Environment and Sustainable Development by United Nations Environment Program Financial Institutions. In 2008, it became the first bank to adopt the Equator Principles. In 2009, it established the first “carbon finance” specialized organization. In 2010, it issued the first low carbon credit card in China. Thanks to unremitting efforts and outstanding results in social responsibility and sustainable finance, the Industrial Bank has consecutively been awarded “Sustainable Emerging Markets Bank of the Year Asia”, “Sustainable Transaction Award of the Year”, “Best Green Bank of the Year” and “China Baosteel Environmental Excellence Award”. Moreover, it has been named the “Best Chinese Corporate Citizen Award” for three years running.