About IB

Industrial Bank Wins another "Annual People Corporate Social Responsibility Award"

On January 11, 2018, 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.

As the first "Equator Bank" and the leader of green finance in China, Industrial Bank, for many years, has been adhering to the concept of "sustainable development" corporate governance. It has fulfilled the corporate social responsibility practice philosophy of "showing obligations in profits", and built a comprehensive social responsibility practice model that best combines social responsibility and corporate value by following the purpose of "contributing to economic development and finding a way of financial reform". It has developed towards an IB-feature social responsibility practice road through the CSR implementation in business development, the initiative of banking sustainable development and the active development of modern comprehensive financial service group's advantages, in an effort to provide multi-facet financial services to important and weak sectors of economic and social development and better fulfill the multifarious financial demands of the public and the entity economy.

In the past decade, the bank has been committed to promoting green finance, improving environmental and social performance with innovative products and services, and fully serving China's "ecological civilization construction". By the end of 2017, IB has granted green financing totaling RMB 1,456.2 billion for 14,396 corporates and projects, with the financing balance hitting RMB 680.6 billion; it has accumulatively carried out 344 projects suitable for the Equator Principles, with the total investment amounting to 1.4 trillion yuan, covering 36 provinces, cities and autonomous regions across China; it was the first to sign strategic cooperation agreements with the four national pilot zones of green finance reform and innovation, including Guizhou, Zhejiang, Jiangxi and Xinjiang, promising to provide green financing of various kinds, totaling RMB 250 billion, for the four provinces (regions) above during the "Thirteenth Five Year Plan" to promote the construction of beautiful China. It is estimated that the green finance projects supported by IB could save 29.12 million tons of standard coal and reduce 83.78 million tons of carbon dioxide each year, which is equivalent to the same amount saved by closing 192 100MW thermal power stations, or stopping the operation of 10,000 taxis for 40 years.

Meanwhile, the Bank has actively promoted inclusive finance practice with IB characteristics. Starting from the establishment of the Department of Inclusive Finance in October 2017, IB further strengthened its financial support to small and micro enterprises, "agriculture, farmer and rural areas", poor population, entrepreneurship innovation groups, special crowd and green finance. It has extended financial services tentacles to the weak sectors of financial services and continued to improve the differentiated and featured inclusive financial service system to improve the accuracy and effectiveness of services. For instance, the bank has continuously improved the small and micro financial service system, and effectively reduced the financing costs of small and micro enterprises, seeking to develop financial resources for small and micro enterprises in China; it has launched "Enjoyable Life", China's first comprehensive financial scheme designed to care and serve the aged; it has creatively offered the "bank-bank platform" structure of business, spreading mobile payment, wealth management and other modern financial services to more third-tier and fourth-tier cities and rural areas to fill gaps in financial services.

IB has given full play to its collectivization in accurate poverty alleviation to further strengthen and improve the five systems of "poverty alleviation in products, industries, channels, education and appointed areas", covering basic industry in underdeveloped areas, livelihood projects, and farmers and low income family with financial poverty alleviation services, in an effort to develop toward a distinctive road of accurate poverty alleviation. As for the charitable and public sector, IB has consistently increased input to form regular donation and disaster assistance, building a charity system featuring "students help fund", "disaster fund" and "poverty relieving fund". In the past three years, it has donated totally over RMB 120 million to the society, in which RMB 20 million donations were made to the IB Education Fund through the Fujian Charity Association, subsidizing 5,000 needy students.

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