Bank of Shanghai

No leading practices were identified for the financial institution in the governance and strategy measurement area.

No leading practices were identified for the financial institution in the respecting planetary boundaries measurement area.

Bank of Shanghai discloses the amount of loans provided it directs towards small and micro enterprises.

In terms of its approach to senior leadership accountability, Bank of Shanghai has an opportunity to assign responsibility for sustainability to the group’s highest governing body and link the remuneration of its executive and management teams to sustainability performance criteria. Furthermore, no evidence was found that the financial institution is committed to gender equality and women’s empowerment. Women are underrepresented on the board of directors where only two out of 18 board members are women. In addition, the financial institution has an opportunity to disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. Bank of Shanghai could also describe its engagement approach on sustainability themes and impact topics with clients and investees.

There is no evidence that Bank of Shanghai discloses a target to reach net-zero financed emissions by 2050. It has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. Although the financial institution discloses the aggregate amount of finance it devotes to climate solutions, it has an opportunity to disclose what these climate solutions are and align with the internationally adopted frameworks. Furthermore, it could disclose time-bound targets explicitly for its climate solutions. Regarding nature and biodiversity, no evidence was found that Bank of Shanghai is committed to minimising its negative impacts or financing regenerative solutions.

There is no evidence that Bank of Shanghai has a publicly available policy statement committing it to respect human rights laid out in the UN Guiding Principles and the ILO declaration on fundamental rights at work. It has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. Furthermore, it could disclose the proportion of its total direct operations workforce for each employee category by age group, gender or another indicator of diversity. In addition, the financial institution has an opportunity to disclose the amount of finance directed towards women-owned businesses, businesses owned by another usually excluded groups or low-income developing countries.