Shengjing Bank is headquartered in Shenyang, Liaoning Province. The financial institution has 18 branches, as well as a capital operation centre, a credit card centre, and a small enterprise financial service centre. The financial institution also established Shengyin Consumer Finance Co., Ltd. and holds six village banks, with a total of more than 200 operating institutions. As of the end of June 2022, Shengjing Bank has CNY 1,056.268 billion in total assets.
In terms of its approach to senior leadership accountability, Shengjing Bank could link the remuneration of its executive or management teams to sustainability performance criteria. Moreover, it has an opportunity to describe its engagement approach on sustainability themes and impact topics with clients and investees. In addition, the bank could provide a public commitment to gender equality and women’s empowerment and has an opportunity to reach at least 40% female representation in senior leadership positions. In terms of female representation in leadership positions, women are underrepresented on the board of directors where only two out of 15 board members are women. Furthermore, Shengjing Bank could disclose the ratio of basic salary and remuneration of women to men in its total direct operations workforce for each employee category and the actions taken to address any pay gaps.
Shengjing Bank has an opportunity to disclose a target to reach net-zero financed emissions by 2050 and 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 Bank could also disclose its financing activities devoted to climate solutions. Regarding nature and biodiversity, Shengjing Bank could demonstrate how it is committed to minimising its negative impacts or financing regenerative solutions. No evidence was found regarding Shengjing Bank’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.
Shengjing Bank has an opportunity to provide a publicly available policy statement committing it to respect human rights laid out in the UN Guiding Principles and the ILO declaration on fundamental rights at work. Shengjing Bank could also describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. Furthermore, it could clarify that complainants have the option to either remain anonymous or identify themselves when using its grievance mechanism to raise human rights complaints or concerns. While the Bank discloses the ages of its directors, supervisors, senior management and contract-based employees, it could disclose this information for each employee category. To provide transparency on financial inclusivity, Shengjing 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.