Responsibility Supports Value, IB Won "Corporate Social Responsibility Award"

On December 6, 2017, 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, in which the China Corporate Social Responsibility Almanac 2017 and the Annual Social Responsibility List were issued. IB received "Corporate Social Responsibility Award" for its excellent performance in the four dimensions i.e. "strategy", "sustainability", "innovation" and "ductility".

"China CSR Commonweal Ceremony", as one of the most influential high-level social responsibility communication platform in China, is aimed at rewarding standout corporates and individuals in poverty alleviation, environmental protection and public charity. Before then, the organizing committee of "China CSR Commonweal Ceremony" openly solicited outstanding cases from independent corporate entities or groups (including state-owned, privately-owned and foreign-funded enterprises) that are legally registered and operated for more than three years in China and other countries and regions (including Hong Kong, Macao and Taiwan). Industrial Bank won the reward after going through case collection, field research, case evaluation, online voting, expert review, case selection and ceremony release and many other processes.

Many years ago, Industrial Bank included CSR in its core strategic layout and established the corporate governance concept of "sustainable development". It creatively put forward the social responsibility fulfillment mode of "showing obligations in profits", optimized organizational structure and internal control and constructed a multi-directional social responsibility practice model that best combines social responsibility and corporate value. Expressing bank's sustainable development in BD, IB practiced sustainable finance with innovative public services to create valuable bank.

As the first "Equator Bank" and leader of green finance in China, IB has given full play to modern comprehensive financial service group's advantages, insisted on its original purpose of finance to lay down the weight, putting its focus on provinces and cities involved in "the Belt and Road", the joint development of Beijing, Tianjin and Hebei, and the development of the Yangtze River Economic Belt, strongly promoting the finance of supply side and serve entity economy. Meanwhile, it extended its finance services to weak areas and places where green finance is absent, focused on "entrepreneurship and innovation", "agriculture, rural areas and farmers", pension finance and accurate poverty alleviation and consistently improved inclusive financial service system. By the end of October 2017, IB has granted green financing totaling RMB 1,382.4 billion for 13,583 corporates and projects, with 343 projects suitable for Equator Principles, and the total investment amount was over RMB 1,462.7 billion. 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; the loan balance for national standard micro- and small-sized enterprises of the same term has reached RMB 556.4 billion, taking up 24.2% among total loans with 95.5% of loan acquisition rate. The bank paid significant attention to inclusive finance practice, and has established a "bank-bank platform" and increased the financial resources of those institutions in third-tier and fourth-tier cities and rural areas by S&T integration, reaching up to 1,282 cooperative institutions; it is the first bank to launch “Enjoyable Life”, China's first comprehensive financial scheme designed to care and serve the aged, which has covered more than 1.5 million customers; in terms of poverty alleviation, IB created the five systems of "poverty alleviation in products, industries, channels, education and appointed areas", realizing a loan balance of RMB 4 billion, up by 27.96% over the beginning of this year. In addition, it shows outstanding performance in public charity by donating totally over RMB 120 million to the society in the past three years. Taking the example of student help fund, the bank has donated RMB 20 million to the IB Education Fund just through the Fujian Charity Association, and the number of needy students it subsidized reaches 5,000.

Responsibility supports value. The year of 2017 is the tenth year of IB upon IPO. For the past decade, with the concept of corporate governance transformed from "shareholders' interests foremost" to “giving consideration to the interests of stakeholders", and to "fully considering the requests of stakeholders", IB has become the "valuable blue-chip" of A share and also a valuable bank in China. With continuous rising of its market position and brand influence at home and abroad, IB ranks not only the domestic Top 10 banks, but also No. 28 in Top 1000 Global Banks in the light of tier one capital and No. 230 in Fortune Global 500.

With its efforts and achievements in fulfilling social responsibilities and sustainable financial innovation, IB has been unanimously and highly recognized by all parties in the community. Since 2017, IB has successively won honors such as "Annual Best Corporate Social Responsibility Financial Institution Award" of CBA, "China Excellent Corporate Social Responsibility Award" of HK Daily Mirror, and has been awarded "Best Bank of Corporate Social Responsibility" by AsiaMoney, "Corporate Social Responsibility Award 2017" by China Newsweek, "Annual Excellent Financial Brand of Social Responsibility" by Financial Times and China Financialyst, "GoldenBee Excellent Corporate Social Responsibility Report 2017 • Special Awards for Customer Information Disclosure" by China WTO Tribune of Ministry of Commerce, etc.