China Minsheng Bank

In terms of senior leadership accountability, the responsibility for sustainability issues within China Minsheng Bank lies with the board of directors. Moreover, the bank has identified and prioritised its impacts through a materiality assessment process which included feedback from external stakeholders.

China Minsheng Bank discloses the aggregate amount of its green finance while specifying what does it entails.

China Minsheng Bank discloses the proportion of its total direct operations workforce for each employee category by age group and gender. It also provides evidence of its inclusive loan balance to small businesses.

China Minsheng Bank could link the remuneration of its executive or management teams to sustainability performance criteria. Although the bank discloses a statement committing to some aspects of gender equality and women’s empowerment, it has an opportunity to commit to gender equality and women’s empowerment in the broader sense. In terms of female representation in leadership positions, women are underrepresented on the board of directors where only one out of seven board members are women. Furthermore, China Minsheng Bank could disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. In addition, the bank can improve its performance by describing its engagement approach on sustainability themes and impact topics with clients.

China Minsheng Bank could disclose a target to reach net-zero financed emissions by 2050 and the key sectors it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. Moreover, it has an opportunity to align its green finance with internationally recognised frameworks while setting time-bound targets for its climate solutions. Regarding nature and biodiversity, no evidence was found that the bank is committed to minimising its negative impacts or to financing regenerative solutions.

China Minsheng Bank could provide publicly available policy statements committing it to respect human rights and the health and safety of workers. Additionally, 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. To provide transparency on financial inclusivity, China Minsheng Bank could provide evidence of the amount of finance directed towards women-owned businesses and low-income developing countries. To conclude, the bank could establish a grievance mechanism accessible to all workers, external individuals and communities to raise human rights complaints or concerns.