Industrial Bank Won the “2011 Best Financial Institution of Social Responsibility Award”, “2011 Social Responsibility Award for Best Green Finance” and “2011 Best Social Responsibility Award for Outlet with Special Contribution”

On June 19, 2012, the “Release of 2011 CSR Report for Chinese Banking Industry and the Commendation Conference of Corporate Social Responsibility” sponsored by the China Banking Association (CBA) was held in Beijing. Industrial Bank (IB) won the “2011 Best Financial Institution of Social Responsibility Award” and the “2011 Social Responsibility Award for Best Green Finance” of the Chinese banking industry, and Qinxian Sub-branch of IB Taiyuan Branch won the “2011 Best Social Responsibility Award for Outlet with Special Contribution”.

In order to showcase the performance of corporate social responsibilities by the Chinese banking industry, commend the outstanding institutions in performing social responsibilities in the Chinese banking industry, and elevate the social responsibility management of the industry, the CBA organized and launched the campaign of “appraisal and comparison of social responsibility performance in the Chinese banking industry in 2011” across the whole industry. This campaign followed the principles of being “objective, impartial and fair”. Based on the comparison and appraisal plan as well as the appraisal standard system which were specially designed for the campaign and the summarized statistic table for social responsibilities, the CBA finally selected the institutions and individuals for corresponding awards out of 69 institutions applying for the appraisal and comparison after a range of links including submission of materials, preliminary data appraisal and review by the expert appraisal panel. With its efforts and achievements in performing corporate social responsibilities and making innovation in sustainable finance, IB was honored three awards by the CBA, winning general recognition and high praises from different stakeholders.

IB will continue to adhere to the corporate governance philosophy of sustainable development, give considerations to the interests of multiple parties, and innovate in the commercial model. By following the social responsibility practice model of “obtaining reasonable profits while bringing benefits to the stakeholders”, the bank will explore a sustainable and developable commercial model and social responsibility practice model in which a win-win result can be achieved between banks and the society. And by further improving the corporate governance and enhancing the risk prevention capacity, IB will actively explore innovation in products and services, serve the development of the national economy, develop green credit, promote the Equator Principles, and further communicate and cooperate with partners. While giving returns to the society in an active way and performing its corporate social responsibilities in different ways, the bank will build up a brand image of sustainable development, create differentiated competitive edges, and promote the harmonious development of economy, society and environment.