Industrial Bank

In terms of senior leadership accountability, Industrial Bank assigns responsibility for sustainability to the board of directors. Furthermore, the financial institution identified and prioritised its impacts through a materiality assessment process which included feedback from external stakeholders.

Industrial Bank discloses the aggregate amount and share of finance it devotes to climate solutions while specifying what these solutions are.

Industrial Bank discloses the proportion of women in its total direct operations workforce for each employee category. Furthermore, the financial institution discloses the amount of finance it directs towards SMEs.

While Industrial Bank discloses that the remuneration of its executive team is linked to qualitative indicators related to green finance, no further evidence was found that the financial institution links the remuneration of its executive or management teams to sustainability performance criteria. Furthermore, no evidence was found that the financial institution is committed to gender equality and women’s empowerment. It has an opportunity to disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. Industrial Bank also has an opportunity to describe its engagement approach on sustainability themes and impact topics with clients and investees.

There is no evidence that Industrial 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. The financial institution could also align its climate solutions (green finance) with internationally recognised frameworks and disclose time-bound targets explicitly for its climate solutions. Regarding nature and biodiversity, no evidence was found that Industrial Bank is committed to minimising its negative impacts or financing regenerative solutions.

There is no evidence that Industrial 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. Furthermore the bank has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. Additionally it 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. To provide transparency on financial inclusivity, Industrial Bank has an opportunity to disclose the amount of finance directed towards, for example, women-owned businesses, small- and medium-sized enterprises (SMEs) or low-income developing countries.