Thursday, July 7, 2011

New NGO report on sustainability of Chinese commercials banks

Announcement: Green Watershed's new report on sustainability of Chinese
commercials banks

The BankTrack network and Friends of the Earth have just completed the
English translation of a report about the sustainability policies and
practices of Chinese commercial banks, which was released by Green
Watershed in April this year. "Environmental Record of Chinese Banks
2010" benchmarks 14 Chinese commercial banks, including ICBC, China
Construction Bank and Bank of China, which are currently some of the
biggest banks in the world. The report assesses each bank based on
indicators such as its environmental policies, implementation measures,
lending reductions to energy-intensive and polluting sectors, lending to
environmentally friendly projects, information disclosure and
receptivity to public criticism. Noting that Chinese financiers are
expanding their portfolios abroad, the study also looked at the banks'
transparency about their overseas lending. The authors used data from
the banks' 2009 CSR reports, publicly-available bank policies,
questionnaires sent to the banks, and media coverage.

Check it out to learn how major Chinese financiers are (or aren't)
integrating green finance into their lending. The report is available at:

This is the second sustainability study of Chinese commercial banks that
Green Watershed and its Chinese NGO partners have completed. The first
examines the banks' progress towards sustainability in 2008, while the
second provides updates and comparison to the previous year. Both
reports are available in the Chinese-language section of the BankTrack
website, and on Green Watershed's China Green Bank Watch website.

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