Climate Change Data

China Minsheng Banking Corp., Ltd.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:465,968.81 tonnes CO2e (Scope 1 and 2)
Scope 1 Emissions:7,641.34 tonnes CO2e
Scope 2 Emissions:58,327.47 tonnes CO2e
Total Energy Consumption:1,132,166.03 MWh
Water Consumption:760,259.42 tonnes
Waste Generated:224,426.56 tonnes (hazardous and non-hazardous)

ESG Focus Areas

  • Environmental Protection
  • Social Responsibility
  • Corporate Governance

Environmental Achievements

  • Increased green financing balance to RMB 316.138 billion (a 39.01% increase), with green loans accounting for 6.16% of total loans.
  • Underwrote and issued 29 innovative debt financing instruments, including 11 green development bonds totaling RMB 2.34 billion.
  • Reduced carbon dioxide emissions through energy-saving technology transformation projects.
  • Achieved 2023 waste reduction goals and implemented garbage classification and recycling.

Social Achievements

  • Opened over 1,200 community outlets, expanding financial service accessibility.
  • Launched online credit products, such as Minsheng Benefits unsecured and secured loans, for inclusive finance.
  • Opened 1.7 million personal pension accounts.
  • Improved customer satisfaction rate to 99.79% on the 95568 customer service hotline.
  • Conducted nearly 4,000 training sessions on consumer rights protection, covering over 570,000 participants.

Governance Achievements

  • Established a high-level ESG management system, integrating ESG into corporate governance and operation management.
  • Strengthened compliance management and culture development.
  • Improved internal control and compliance system.
  • Implemented a comprehensive risk management system.

Climate Goals & Targets

Short-term Goals:
  • Reduce water consumption by 10% compared to the previous year.

Environmental Challenges

  • Environmental risks associated with high-polluting and high-energy-consuming industries.
  • Climate-related risks impacting asset quality and capital adequacy ratio.
  • Maintaining compliance with evolving laws and regulations.
Mitigation Strategies
  • Implemented differentiated credit policies for high-carbon industries, gradually reducing support for inefficient enterprises.
  • Conducted climate risk sensitivity stress tests to examine potential impacts.
  • Strengthened ESG risk management system, including due diligence, compliance review, and dynamic evaluation.
  • Improved internal control and compliance system, including regular training and audits.

Supply Chain Management

Supplier Audits: All suppliers of the Bank’s centralized procurement projects were reviewed.

Responsible Procurement
  • Green procurement policies
  • Assessment of supplier qualifications, including environmental and social risk management capabilities.

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide

Certifications: ISO 27001, Data Security Capability Maturity Model Level 3

Sustainable Products & Innovation

  • Green bonds
  • Sustainable development-linked bonds
  • Carbon allowance-based pledge loans
  • Emission rights-based pledge loans
  • Minsheng E-Carbon Loan
  • Minsheng Bank ESG Index Series
  • Minsheng Bank Rural Revitalization Index Series

Awards & Recognition

  • AA ESG rating by MSCI
  • Listed in ‘Top 100 Listed Companies in ESG Performance in China’ by CCTV
  • Awarded ‘2023 Best ESG Practices of Listed Companies’ by China Association for Public Companies
  • AAA rating by China Banking and Insurance Media Company Limited
  • Honored as the ‘2023 Innovative and Excellent Institution of ESG Financial Service’ by the Chinese Banker magazine
  • Advanced Unit in Green Bank Evaluation by the Professional Committee for the Green Credit Business of the China Banking Association
  • Low-carbon Role Model of 2023 by the China News Service
  • Zero Carbon Future·Green Finance ESG Innovative Practice Cases by the wallstreetcn.com
  • 2023 Innovative and Excellent Institution of ESG Financial Service by the Chinese Banker
  • 2023 Outstanding Green Finance Practice Bank by The Economic Observer
  • 2023 China’s Top 30 Employers
  • 2023 China Model Employer
  • Model of HR Management Team
  • 2023 China Minsheng Banking Corp., Ltd. 2023Environmental,SocialandGovernance(ESG)Report 105NFuture Top Employers Winning Tech Talent in Campus Recruitment
  • 2023 Extraordinary Employer
  • Innovative Model Award in the selection of outstanding cases of inclusive finance in 2023 by People’s Daily Online
  • Excellence in Innovation of Talent Learning & Development Award by Regulation Asia
  • Digitalisation Project of the Year at the 15th China E-Learning Forum & Exhibition “BooAoo Awards” selection event in 2023
  • Excellent Social Responsibility Award
  • Excellent Rural Revitalization Role Model Award
  • Best Practical Cases for Rural Revitalization of Listed Companies
  • Outstanding Practical Cases for Rural Revitalization of Listed Companies
  • Outstanding Cases for Financial Service Innovation for Rural Revitalization in 2023
  • Special Contribution Award from the IFeng Action League
  • Annual Award of Responsibility Practice for Rural Revitalization