Industrial Bank Won the “2010 Best Corporate Social Responsibility
Institution Award of the China Banking Industry” and the “2010
Best Green Finance Award of the China Banking Industry”

On June 22, 2011, the “2010 Release, Appraisal and Commendation of Corporate Social Responsibility of the China Banking Industry and the First Round Table Conference on Corporate Social Responsibility of the China Banking Industry” organized by China Banking Association (CBA) was held in Beijing. Industrial Bank (IB) stood out from the nearly 70 institutions applying for appraisal, at the same time, the bank won the prestigious “2010 Best Corporate Social Responsibility Institution Award of the China Banking Industry” and the “2010 Best Green Finance Award of the China Banking Industry”.

In order to reflect the performance of the China banking industry in the area of corporate social responsibility in an all-round way, and to further drive the practice of corporate social responsibility in the industry, the CBA carried out an appraisal across the entire industry of corporate social responsibility in the China banking industry in 2010. This appraisal of corporate social responsibility was very strict. CBA specially established a series of relevant rules and criteria for the appraisal and a range of stages such as declaration of materials, review and interview of expert appraisal committees, internet voting, final examination and deliberation of the steering committee, etc., so as to ensure that the appraisal could be carried out in a fair, scientific and standardized manner.

It has been introduced that IB has its own views and innovations in corporate social responsibility. Firstly, with a strategic understanding of corporate social responsibility, IB proposed a new concept of corporate governance – “actively exploring ways to push forward the performance of social responsibility as a bank and constructing a situation where people can live in harmony and coexist with nature, the environment and society”. Based on the above product, IB also put forward a method of practicing corporate social responsibility under the principle “earning profits while bringing benefits to society”. Hence, the bank integrated its concept of corporate social responsibility and sustainable development into all aspects of operations and management, committing itself to innovations in the business models facilitating the sustainable development of the economy, environment and society, and the corporate social responsibility models. From being the first bank in China to promote energy-efficient financing products, and the leaping development as the first Equator bank in China; and from releasing low-carbon themed credit cards - China Low-Carbon Credit Card - to offering “IB Pass” service programs customized to growing business owners, and the “Golden Cube” integral solutions for cash management services, and the “IB Sesame Blooming” SME IPO Program for differentiated financing demands of SME customers, from promoting the “bank-bank platform” business model in order to accelerate resource sharing, to innovatively extending its own specialized advantages in energy conservation and emissions reduction financial business to its fully-owned subsidiary - Industrial Bank Financial Leasing Co., Ltd., IB has always kept furthering its exploration in the concept and practice of corporate social responsibility and sustainable development, gradually gathering together its corporate governance, risk control system, products and services, etc, into a whole, creating a brand-new corporate ecology and forming IB’s differentiated features and competitive edge.

Relying on its unique views and unswerving exploration in sustainable development and corporate social responsibility, IB has consistently won the high recognition of different stakeholders both at home and abroad, such as by becoming the champion of the “Asian Sustainable Banking Award”, runner-up of the “Sustainable Trading Award”, winning the “Sixth China Baosteel Environment Prize”, “2008 Best Green Bank”, “2009 Outstanding Nature Protection Supporter Award”, “2009 Best Environmental Information Disclosure Award”, “2009 Most Valuable Listed Bank”, and the “2010 Low-carbon Pioneer Enterprise”, etc..  

IB indicates that it will continue its exploration in the field of sustainability to practice social responsibility in a multitude of ways, and with its professional services establish relations with society, the environment and other stakeholders with mutual benefits and prosperity during IB’s development. IB also aims to comprehensively create a “sustainable finance bank”, so as to realize the overall and sustainable development of the economy, society and environment.