China Construction Bank

The financial institution assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body, with performance criteria for senior executive remuneration linked to sustainability targets. Furthermore, it delegates the responsibility for implementing its sustainability strategy to specific functions or teams within the institution.

The institution discloses the aggregate amount, in monetary terms ,of its provision of products, services and capital devoted to specified nature-positive solutions. Additionally, it also discloses the monetary amount of financial services provided to small and medium-sized enterprises as well as its operational details by country.

The institution discloses commitments to respect the ILO’s fundamental rights at work but has the opportunity to formalise these in a policy document. It can also disclose its methodology for determining a living wage in its operational regions and include anti-bribery and anti-corruption clauses in its contracts with business relationships.

While the institution discloses a list of sustainability-related trade associations of which it is a member, it could provide a comprehensive list of affiliations to enhance transparency. Additionally, it has the opportunity to monitor its Scope 1-3 emissions guided by international standards and establish a transition plan covering its own operations, supply chain, and portfolio.

It is recommended that the institution disclose the breakdown of clients or beneficiaries by income group and clarify processes to prevent divestment from low-income and lower-middle-income countries due to its sustainability strategies and targets. Its risk assessment process should incorporate risks related to ILO fundamental rights at work for those affected by its products and services, with a mitigation process for identified risks. Moreover, the institution could strengthen its disclosure by identifying the social risks associated with its financing activities in relation to net zero transition.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.