OREANDA-NEWS.  November 29, 2012. Industrial Bank (IB) was honored the “Best Listed Company for Contribution in Social Responsibility” again at the “2012 Summit of China Listed Companies and the Appraisal of Reputation Ranking of Listed Chinese Companies” sponsored by National Business Daily , with its outstanding achievements in performing social responsibilities, practicing sustainable finance and serving the real economy, reported the press-centre of IB.

Aiming to enable investors to review listed companies in virtue of professional investment, the appraisal gives an all-around description to the reputations and images of A-share listed companies in the hearts of investors in the four perspectives: corporate governance, investor relationship, business performance and business ethics. It builds valuable market reputation and creates more values for outstanding listed companies, and exposes listed companies with various hidden problems to investors, thus protecting the legal rights and benefits of A-share investors.

The reason why IB received the honor lies in that it has incorporated the pursuit of harmonious unification of economy, society and environment into its own development objectives, established the corporate governance philosophy of sustainable development to “explore different ways to promote the bank to practice social responsibilities and construct a good relationship where human being coexists with the nature, environment and society harmoniously”. Moreover, it has incorporated the philosophy into its business management concept and innovatively put forward the way to perform corporate social responsibilities through “obtaining reasonable profits while bringing benefits to the stakeholders” to explore a commercial model and social responsibility practice model in which a win-win result can be achieved between the bank and the society. By further improving the corporate governance and enhancing the risk prevention capacity, the bank intensified product and service innovation to perform its corporate social responsibilities in different ways.

In serving the development of the national economy, IB lent active support to the construction of national key industries and key areas, and supported the development of “Agriculture, Rural Area and Farmers” and small- and medium-sized enterprises (SMEs). Especially in the field of low-carbon economy, as the first “Equator Bank” and the only one in China up to now, IB pushed forward the implementation of the Equator Principles. By the end of September, the bank has examined the applicability of 714 loan projects against the Equator Principles, with a total amount of project investment up to RMB 981.4 billion. Specifically, 148 of them were approved as projects applicable to the Equator Principles, with a total investment of RMB 206.0 billion involving 145 customers. 43 loans have been extended by 21 branches.

IB made sustained efforts to develop green credit. By the end of September, the bank has accumulatively extended loans to nearly 4,000 green finance projects, with an amount of almost RMB 200 billion. The financing balance at the end of the month reached as high as RMB 106.4 billion. The annual emission reduced accumulatively in the projects supported by the bank under its green finance program is equivalent to shutting off 151 thermal power plants of 100 MW or stopping running 70,000 taxis in Beijing for 45.5 years. The bank actively promoted the low-carbon living concept. It issued the first low-carbon credit card in China , and over 166,800 cards have been issued by now. The carbon emission reduction purchased by cardholders with low-carbon credit card totaled 40,200 tons.

Apart from characteristic products in the field of green finance, IB met the demands of customers with diversified products and services, kept improving customers' satisfaction and credibility, and created differentiated competitive edges and values, bringing sustained and steady investment returns for investors. Meanwhile, the bank has also actively participated in the pubic benefit cause. In recent years, it donated nearly RMB 120 million for public good in total, supporting a range of public benefit undertakings and projects including post-disaster reconstruction, local education and poverty alleviation. It also organized employees to participate in volunteer activities, giving returns to the society actively.

The cooperate image of IB as a responsible bank in terms of economy, environment and society has won the wide recognition of the capital market and investors as well as a good reputation.