Hua Xia Bank is a publicly traded Chinese bank headquartered in Beijing, China. Founded in October 1992, the company has 39,200 employees across 122 Chinese cities. The bank provides corporate and institutional customers with comprehensive financial services, including deposits, loans, investment banking, trade finance, green finance and cash management. As of 2021, the bank has total assets worth CNY 3.7 trillion.
In terms of its approach to senior leadership accountability, there is no evidence that Hua Xia Bank links the remuneration of its executive or management teams to sustainability performance criteria. No evidence was found that the financial institution is committed to gender equality and women’s empowerment. It also has an opportunity to disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. Furthermore, Hua Xia Bank has an opportunity to describe its engagement approach on sustainability themes and impact topics with clients and investees.
There is no evidence that Hua Xia Bank discloses a target to reach net-zero financed emissions by 2050. The financial institution 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. Regarding nature and biodiversity, no evidence was found that the financial institution is committed to minimising its negative impacts or financing regenerative solutions.
There is no evidence that Hua Xia Bank has a publicly available policy statement committing it to respect human rights laid out in the United Nations Guiding Principles on Business and Human Rights and the ILO declaration on fundamental rights at work. The bank also has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. There is no evidence that the financial institution discloses the amount of finance directed towards women-owned businesses or to another usually excluded groups and low-income developing countries. Hua Xia Bank also has an opportunity to disclose the proportion of its total direct operations workforce for each employee category by age group, gender or another indicator of diversity.
More about the company
Net income: CNY 25.5 billion; Total assets: CNY 3.7 trillion