Industrial and Commercial Bank of China Limited

Climate Impact & Sustainability Data (2021)

Total Carbon Emissions:98.85 million tons of carbon dioxide equivalent (reduced)

Total Energy Consumption:81,161.682 MWh (Head Office, Beijing)

Water Consumption:282,154 tons (Head Office, Beijing)

Waste Generated:Various electronic waste (see report for details)

Green loans balance increased by RMB 634.9 billion, supporting projects capable of saving 47.38 million tons of standard coal and reducing 98.85 million tons of carbon dioxide equivalent emissions per year.
Underwrote 67 green bonds, raising RMB 140,130 million in total; 24 were carbon neutrality bonds, with lead underwriting amounting to RMB 24,909 million.
Issued global multi-currency overseas green bonds totaling USD 3.23 billion, used for low-carbon fields and green projects.

RMB 1.3 trillion credit granted to more than 1.6 million micro and small enterprises.
Inclusive loans grew by 52.5%, with 204,000 more customers receiving inclusive small and micro enterprise loans.
Launched a campaign to address customer grievances and effectively responded to customer concerns.
Hosted nearly 36,000 training sessions, covering nearly 98% of the workforce.
Donated RMB 115 million to COVID-19 control, flood control and relief, and other public-interest undertakings.

Improved the democratic management system and convened employee representatives’ meetings.
Made public the bank affairs and business performance, and effectively protected the employees’ rights to information, participation, expression and supervision.
Further integrated Party leadership and corporate governance, and improved the governance system and capacity.

Long-term Goals:

Medium-term Goals:

Lead the industry in the scale of high-quality green loans and comprehensive green investment and financing by 2023 (as per 2021-2023 Strategic Development Plan).

Climate risk (transition and physical risks)
Environmental risks of investment and financing in high-pollution and high-energy consumption industries
Maintaining financial security in a rapidly changing digital environment.

Incorporated climate risk into the comprehensive risk management system; conducted climate risk stress testing.
Issued the Notice on Strengthening the Investment and Financing Management of “High Pollution and High Energy Consumption” Industries; implemented classified management and differentiated policies.
Established a self-operating carbon management information statistics and analysis system; implemented an independent and controllable localization transformation of the office platform; strengthened energy consumption supervision and measurement; built a world-class national green data center.
Developed an intelligent risk control system; perfected the Group’s investment and financing risk monitoring platform; built an advanced country limit management and control platform.

Required suppliers to provide self-assessment of measures and effects of fulfillment of social responsibilities in environmental protection, energy conservation and occupational health and safety; required environmental management system certification, occupational health certification, product environmental label certification, energy conservation certification, social responsibility standard certification, etc.

Frameworks Used: GRI Standards, UNGC Principles, ISO 26000

Third-party Assurance: Deloitte Touche Tohmatsu Certified Public Accountants LLP

Initiatives aligned with the UN SDGs through green finance, inclusive finance, and FinTech empowerment.

Green bonds; green loans; inclusive loans; digital inclusive finance products; rural revitalization bond; carbon neutrality bond; old revolutionary base revitalization bond; high growth bond; sustainable development linked bond.