Postal Savings Bank of China

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

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

Postal Savings Bank of China discloses the proportion of its total direct operations workforce for each employee category by age group and gender. The financial institution discloses the amount of finance it directs towards small- and medium-sized enterprises.

In terms of its approach to senior leadership accountability, Postal Savings Bank of China has an opportunity to link 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 and it has an opportunity to disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. The financial institution has an opportunity to describe its engagement approach on sustainability themes and impact topics with clients and investees.

There is no evidence that the financial institution 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. No evidence was found regarding the financial institution’s approach to fossil fuels that spans across the fossil fuel value chain, such as the amount or share of finance it directs towards fuels, or its stance on financing companies with new fossil fuel projects.

Postal Savings Bank of China has an opportunity to disclose a statement committing it to respect human rights laid out in the UN Guiding Principles and the ILO declaration on fundamental rights at work. Moreover, Postal Savings Bank of China could 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, the financial institution has an opportunity to disclose the amount of finance directed towards, for example, women-owned businesses, small- and medium-sized enterprises or low-income developing countries.