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Equator Principles Chronicle

In December 2007, Chairman Gao Jianping met with World Bank President Robert B. Zoellick

June, 2007: Industrial bank (hereinafter referred to as “IB”) attended the ceremony of Global Sustainable Banking Awards jointly held by the Financial Times (UK) and the IFC and learnt about the equator principles for the first time.

June, 2007: The officials of the board of directors of IB met with Francis Sullivan, deputy head of Group Sustainable Development of HSBC Holdings plc., and had an in-depth discussion concerning equator principles.

September, 2009: The Office of the Board of Directors of IB published internally for management reference Equator Principles: Guideline of Bank’s Social Responsibility and Sustainable Finance, which, for the first time, advocated the equator principles and related sustainable financing in industrial bank.

September 19, 2007: The Office of the Board of Directors of IB invited Motoko Aizawa, head of Policy and Standards Unit of Environment and Social Development Department of IFC, Luo Qiang, IFC’s principal banking expert as well as Zhang Rong, head of China program of IFC to visit industrial bank and offer special training on the equator principles, which IB’s principals from relevant departments also attended.

October, 2007: Industrial Bank President Li Renjie signed the Statement by Financial Institutions on the Environment & Sustainable Development on behalf of the IB.

October, 2007: Industrial bank was invited to attend UNEP Global Roundtable of Sustainable Finance and during the meeting signed the Statement by Financial Institutions on the Environment & Sustainable Development.

November 27, 2007: Industrial bank held Energy-Saving China Summit Forum & Green Credit Innovation Symposium to increase public awareness of energy conservation and emission reduction as well as equator principles.

November 27, 2007: Li Renjie, president of the Industrial Bank, met with Ms. Rachel Kyte, director of the IFC’s Environment and Social Development Department and Mr. Javed Hamid, director of IFC's East Asia and Pacific Department for an in-depth exchange concerning the research of sustainable finance and adoption of equator principles.

November 30, 2007: The Office of the Board of Directors of IB launched ”Social Responsibilities & Sustainable Financing Seminar” in Shenzhen to promote the concept of sustainable finance related to the equator principles.

December 14, 2007: Gao Jianping, the Bank’s BOD chairman met with Mr. Robert Zoellick, president of the World Bank, and exchanged views on IB’s energy-efficient financing project and related equator principles.

December 4, 2007: Kang Yukun, vice president of the IB and director of the risks management department attended the International Symposium on Bank Organization Environment and Social Risks Management jointly held by Bank of China and IFC in Beijing.

February 18 -19, 2008: With encouragement from the Office of the Board of Directors, Industrial Bank declared publicly at work meeting of industry organizations that IB would adopt the equator principles in 2008.

March 18, 2008: The representatives of Legal and Compliance Department  met with Ms. Motoko Aizawa, head of Policy and Standards Unit of Environment and Social Development Department for the discussion concerning the application for the adoption of equator principles.

April 2, 2008: The representatives of Law and Compliance Department of IB traveled to Shanghai to meet with Mr. Roberto Dumas, Banco Itau BBA S.A., Shanghai Representative Office for an in-depth discussion on the related equator principles.

April 18, 2008: The representatives of Law and Compliance Department of IB traveled to Shanghai to meet with Mr. Osamu Odawara, head of Sustainable Development Department of Mizuho Corporate Bank, Ltd, (also the sectary in charge of equator principle affairs in Asia) for the discussion on the related application for its commitment to entry into the equator principles. 

May 20, 2008: The delegation of IB led by Kang Yunkun, vice president of IB traveled to the USA for investigation and exchange meeting specially held for IB by IFC on issues concerning adoption and implementation of equator principles as well as the environment of invested projects and social risks management.

May 27, 2008: The delegation of IB led by Kang Yunkun, vice president of IB paid a visit to Banco Itau BBA S.A. in Brazil for an in-depth talk on the details of adoption and implementation of equator principles based on the previous exchange.

May 30, 2008: The international finance experts of WWF were invited to hold special training in Beijing on the basic knowledge of equator principles for the staff of IB. The staff in Law and Compliance Department, Research and Planning Department, Risks Management Department, Credit Approval and Review Department, Corporate Business Department, Key Account Business Department attended the training.

June 23-26, 2008: On behalf of IB, the officers of Law and Compliance Department were invited by Ministry of Environmental Protection of the People’s Republic of China (MEP) to join China Green Credit Policies team consisting of MEP, Bank of China, China Banking Regulatory Commission and some Chinese-funded banks to visit America for investigation.

June 28, 2008: The Motion on Application for Admission into the Equator Principles was passed at the 5th Meeting of the 6th Board of Directors.

July 17, 2008: Announcement on Establishment of Leading Group Office for Equator Principle Work and the Setting of Sustainable Finance Office in Law and Compliance Department (IB 2008, No.491) was issued which established the equator principles’ implementation team, responsibility, mission as well as the sustainable finance office.

July 30, 2008: Industrial Bank issued the Announcement on Work Arrangements for Application for Admission into Equator Principles (IB 2008, No.518), which outlined the general work after adoption of equator principles in the labor division and close cooperation with departments with the staged goal as its core.

August 1, 2008: Proposal on Application for Admission into the Equator Principles was submitted in writing to China Banking Regulatory Commission (IB Qing 2008, No.42). 

August 21-24, 2008: Independent Evaluation Group of IFC came to China for the first time to evaluate IB projects invested in by IFC from the viewpoint of environment and social influence, and Kang Yunkun, vice president of Industrial Bank, hosted the meeting. Under the organization of Law and Compliance Department, Evaluation Group conducted field investigations on IB’s financing projects and gave a high rating of IB’s outstanding fulfillment of environment and social responsibility. 

September, 2008: The Industrial Bank held the“Energy Conservation and Emissions Reduction Credit Business Training”for China Banking Regulatory Commission .

September 17-19, 2008: Industrial Bank organized the “Energy Conservation and Emissions Reduction Credit Training” for the Regulatory Commission on Credit Business and Energy Conservation and Emission Reduction. At the conference, the representatives from Equator Banks such as IFC, Barclays Bank, Citibank, and Banco Itau BBA S.A. introduced their major experiences in the fulfillment of equator principles which were a valuable source of reference for Chinese supervisory authorities and finance institutions in the bank industry to understand and accept equator principles before establishment of an environment and social risks management mechanism.

September 23-24, 2008: International finance experts of WWF were invited by IB to conduct special training on equator principles for the second time in Fuzhou. The Law and Compliance Department arranged staff of member departments of leading groups for equator principles’ implementation to attend the training.

September 27, 2008: China Banking Regulatory Commission replied to IB in writing to the Proposal on Application for Admission into the Equator Principles, giving its opinions on IB’s Application for its Commitment to the Equator Principles (Regulatory Commission Office Notice 2008, No.140), which meant that IB had completed the domestic regulator’s review of the application process of commitment to adopting equator principles.

October 24, 2008: Law and Compliance Department and Key Account Business Department invited the representatives of key accounts to attend the special forum on equator principles held in Beijing for the promotion of communication and exchange concerning the equator principles among clients and IB, preparing for further localization of equator principles and the enhancement of environment and social risks management.

October 31, 2008, Beijing: Industrial Bank held a Celebration and Press Release regarding its Commitment to the Equator Principles

October 31, 2008: IB held the Celebration and Conference Release on its Commitment to the Equator Principles, officially announcing the adoption of equator principles and thus becoming the first Equator Bank in China.

December 14, 2008: Industrial Bank issued Some Opinions on Adoption of Equator Principles (IB 2008, No.777), providing the guideline for the IB branches’ participation in the localization of equator principles.

December 18-19, 2008: The Special Forum on Equator Principles was held in each department of IB in which the concept of equator principles and its specific localization work were discussed among the directors of each branch, executives of the bank and core employees in business.

February 12, 2009: Industrial Bank issued the IB’s Policies for Environmental and Social Risks Management, which specified for the first time IB’s guideline, statement and commitment to environment and social risks management, positioning and planning the organizations and credit system in the sustainable development’s progress. It was also the principle, beacon and guideline for IB environment and social risks management. 

February 25-26, 2009: Conference on Equator Principles Work was held, at which the staff of working team in head office had an in-depth discussion with the international experts from the WWF on the issues of project classification of equator principles, inspection procedure, expert mechanism, information disclosure and corporate culture building. 

March 26-27, 2009: Industrial Bank attended the Meeting of Training on Environment and Social Risks Management in Beijing jointly held by MEP and IFC, and made a keynote speech at the meeting.

May 2009: Heading a group, Gao Jianping, the BOD chairman was invited to visit Mizuho Corporate Bank, Ltd where he had a business talk and exchange with Mr. Yasuhiro Sato, the governor of Mizuho on equator principles, cooperation and environment and social risks management. This view exchange between the senior management provided IB with deep understanding in the advanced experience and methods in equator principles from Mizuho and further enhanced the IB’s awareness and capability of environment and social risks management.

May, 2009: IB attended Equator Principles Meeting jointly held by IFC and Secretary of Equator Principles, learning from foreign equator banks about their experience of sustainable development and introduced IB’s history of sustainable development and the current progress of equator principles’ implementation, which received recognition and approval from officials in IFC and World Bank.

May 19-20, 2009: IB attended Forum on Finance, Environment and Development jointly held by Environmental and Economic Policy Research Center of MEP, the Energy Research Institute of the NDRC, Finance Institute of Bank of China and Representative Office in Beijing of WWF (Switzerland) and gave the message on IB’s Adoption of Equator Principles and its Current Implementation Progress. Besides government’s policies on green credit learnt in the forum, IB also had an overall and deep exchange and discussion with foreign finance institutes and foreign banks that adopted the equator principles.

On the strength of its pioneering work and achievements in sustainable banking, the Industrial Bank, China’s first Equator Bank, picked up two nominations for the 2009 sustainable banking awards on June 4, 2009: “Sustainable Bank of the Year” and “Asian Sustainable Bank of the Year Award” held by the Financial Times(UK). In the finals, the Industrial Bank was awarded the title “Asian Sustainable Bank of the Year Award”, becoming the first bank in China to receive this accolade. The Industrial Bank is the only bank in China to have been nominated in the Sustainable Banking Awards for three consecutive years and to have been successful on two occasions.

June-July, 2009: representatives from the Industrial Bank traveled to the Mizuho Corporate Bank, Ltd. in Japan for five-weeks of exchanges and training on the Equator Principles. 

July, 2009: IB did a cover interview for the Board of Directors magazine entitled “Green Declaration of a Bank”, in which the company’s new governing philosophy and its experiences in integrating obligations into interests for sustainable finance were further publicized.

In late July, 2009, the Industrial Bank was granted the “2008 Best Green Bank in China Award”, a special accolade in the 2008 China Best Bank Awards sponsored by Economic Observer.

July 21, 2009: The Industrial Bank attended the Low Carbon Business Innovation Forum held by the World Wide Fund for Nature (WWF) and the China Entrepreneur Club (CEC).

August, 2009: Industrial Bank held the “Seminar on Experiences in the Equator Principles, Energy-Efficiency Financing and Green Credit”.

On August 14, 2009, the Industrial Bank held the “Seminar on Experiences in the Equator Principles, Energy-Efficiency Financing and Green Credit”. During the seminar, the Industrial Bank briefed a visiting delegation from Vietnam on the Bank’s experiences and practices in energy-efficiency financing and green credit. The green credit government delegation comprised of six of the nation’s ministries, committees and major commercial banks, including the Vietnam National Bank, Ministry of Natural Resources and Environment, Ministry of Finance, Ministry of Industry & Trade, Ministry of Planning and Investment and the Vietnam Economic Committee of the People.

October, 2009, Industrial Bank President Li Renjie delivering a speech at the UNEP FI 2009 Global Roundtable

October, 2009, the Industrial Bank was invited to attend the UNEP FI 2009 Global Roundtable, and was the only Chinese bank to deliver a keynote speech during the conference. During the event, Paul Clements-Hunt, the Head of the United Nations. Environment Programme (UNEP) Finance Initiative (FI), praised the Industrial Bank for “Seizing the initiative” in the domain of sustainable finance over the last two years.

After the meeting, Industrial Bank President Li Renjie met with Jean Marc Etlin, (the Executive Vice President of the Itau BBA Investment Bank, South America’s largest bank) and Peter Schlebusch (the Chief Executive of Personal & Business Banking of the Standard Bank of South Africa, the largest bank in Africa) for talks concerning the Equator Principles and interbank cooperation.

October 14-23, 2009: the Legal and Compliance Department organized special training courses on the Equator Principles at Industrial Bank branches in Ji’nan, Qingdao, Nanchang and Wuhan to assist preparations for the formal implementation of the Equator Principles.

October 17-18, 2009: General Manager of the Legal and Compliance Department Hua Bing attended the 2009 Annual Meeting of China Law Society Banking Law Studies Institute, and submitted the thesis Study of Legal Problems in Sustainable Banking Development --Referential Value of Adopting the Equator Principles.

October 19, 2009: General Manager of the Legal and Compliance Department Hua Bing was invited by the China Development Bank to offer a course on social responsibilities for managers and employees at the CDB. At the event, Hua Bing made a speech on the Industrial Bank’s adoption of the Equator Principles.

October, 2009: the Industrial Bank was successfully nominated for the 6th Baosteel China Environmental Award. The efforts that the Industrial Bank has made in sustainable finance have been initially recognized by the appraisal committee.

October 21, 2009: A delegation from the head office of the Shanghai Pudong Development Bank visited the Legal and Compliance Department at IB headquarters and engaged in exchanges on the Equator Principles.

November 1, 2009: IB officially implemented the Equator Principles in accordance with related internal regulations including Administrative Measures of Project Financing Applicable to the Equator Principles.

November 6-7, 2009: Legal and Compliance Department of IB’s head office sent a delegation to Beijing to attend the International Forum on China Green Economy held by the Ministry of Environmental Protection of the People’s Republic of China and the United Nations Environment Programme. 

November 2, 2009: IB’s Fuzhou branch published its Operating Procedures for Administrative Measures of Project Financing Applicable to the Equator Principles to standardize project management applicable to the Equator Principles .

November 11-13, 2009: The Legal and Compliance Department of IB’s head office sent a delegation to Beijing to attend a conference on the China Green Credit Policy Assessment held by the Policy and Regulations Department of the Ministry of Environmental Protection of the People’s Republic of China

November 14-28, 2009: The Credit Approval and Review Department and Legal and Compliance Department of IB’s Head Office attended a training course on Environmental and Social Management in European Countries organized by the Export-Import Bank of China and WWF.

November 31, 2009: Within one month following the implementation of the Equator Principles, the Legal and Compliance Department of IB’s Head Office conducted preliminary project finance evaluations of 154 projects reported by 29 branches in terms of the Equator Principles.

December, 2009: Industrial Bank was granted 2009 Outstanding Nature Conservancy Support award by WWF.

December 3, 2009: The Industrial Bank Legal and Compliance Department sent representatives to the Corporation 2009 Appreciation Dinner in Shanghai held by the WWF, and was granted the 2009 Outstanding Nature Conservancy Support award.

December 3-4, 2009: representatives from the IB attended the event China NGO’s Participation in Advocacy of Green Credit Workshop held by the Yunnan Participatory Watershed Management Research and Promotion Center (also known as Green Watershed) to exchange views on issues related to NGO’s participation in advocacy of Green Credit.

December 9, 2009: IB was awarded 2009 6th China Best Corporate Citizen Award held by 21st Century Business Herald and 21st Century Business Review, which are run by the media institution 21st century.

The Certificate-awarding Ceremony and Press Conference for the First Equator Principles Project held in Yong’an City, Fujian Province on December 22, 2009

Industrial Bank held the Certificate-awarding Ceremony and Press Conference for the First Equator Principles Project on December 22, 2009 in Yong’an, Fujian to announce the formal launch of the 2×300MW expansion project of the Fujian Hua Dian Yong An Power Generation Co., Ltd, the first project to apply the Equator Principles.

January 26-27, 2010: The Environmental and Economic Policy Research Center of the Ministry of Environmental Protection organized a training course on sustainable banking business. The Industrial Bank, a special guest at the event, was invited to give a speech about its practices in sustainable financing.

February 1-3, 2010: Mr. Li Renjie, the president of the Industrial Bank, traveled to Hong Kong to meet with senior officers from the IFC and principles from the Hang Seng Bank and HSBC. Mr. Li Renjie was also invited to attend and make a keynote speech at the 2009 Asian Recommendation Banquet for the Sustainable Banking Awards organized by the Financial Times (UK).

February 1-4, 2010: Mr. Hua Bing, the general manager of the Legal and Compliance Department of the Industrial Bank, was invited to attend the Forum on Risk Management and Commercial Innovation in Sustainable Banking held by the China Banking Regulatory Commission and the IFC. Mr. Hua Bing also made a keynote speech about the Industrial Bank’s practices concerning the Equator Principles.

February 2, 2010: The Industrial Bank was awarded the “China Baosteel Environmental Excellence Prize at the Sixth China Baosteel Environmental Awards, becoming the first financial institution to receive this accolade.

March 4, 2010: IB published its 2009 social responsibility report, also known as the 2009 Annual Sustainability Report of Industrial Bank Co., Ltd. This is the first report on sustainable development in China’s banking industry.

March 18, 2010: Mr. Hua Bing, general manager of the Legal and Compliance Department, was invited to attend the launching ceremony for a series environmental activities entitled “2010 CBN·Love for Green” and participate in the “Roundtable Dialogue of the CBN Environment Summit” held by China Business News (CBN) in Shanghai. Mr. Hua Bing was also interviewed by CBN Daily.

Between 20:30 to 21: 30 on March 27, 2010, IB’s headquarters, more than 500 branches nationwide as well as over 20,000 employees participated in Earth Hour, an environmental activity launched by the WWF. In the activity, the simple action of turning off the lights is used to express support for emissions-reduction and advocate a low-carbon lifestyle.

The Industrial Bank was nominated for the “Emerging Markets Sustainable Bank of the Year” award in the “2010 FT Sustainable Banking Awards” in April 2010. The Sustainable Banking Awards are organized by the Financial Times in collaboration with the IFC.

On May 13, 2010, General Manager of the Legal and Compliance Department Hua Bing attended the joint regulation symposia held by the Fujian Banking Regulatory Bureau in Nanjing. At the event, Hua Bing shared IB’s experiences in the Equator Principles and sustainable finance with personnel from local banking regulatory bureaus across the country.

From May 14-28, 2010, the Industrial Bank dispatched employees to attend a field activity on sustainable finance held in the African nation of Mozambique. The activity was entitled “Environment and Social Risks Management and Sustainable Overseas Investment”.

From May 21-22, 2010, the Industrial Bank sent representatives to participate in the “International Seminar on Corporate Social Responsibilities and African Development” upon invitation. The seminar was sponsored by the West Asia and Africa Research Institute under the Chinese Academy of Social Sciences.

In June, 2010, Kang Yukun, vice president of the Industrial Bank, was invited to lead a delegation to the South Africa Standard Bank. Kang Yukun exchanged views on the implementation of sustainable finance and the Equator Principles with Mr. Paul Smith, the Chief Risk Officer of the South Africa Standard Bank Group.

In early June, 2010, Hua Bing, general manager of the Industrial Bank Legal and Compliance Department, attended the Annual Meeting of the Equator Principles and the IFC Annual Learning Meeting in the U.S on invitation.

On June 3, 2010, the Industrial Bank was invited to attend the 3rd “Green Competitiveness Marketing Lecture” held by the Green Section of Sohu Website in Beijing. The theme of the lecture, which was held in a large studio in the Sohu Building, was “Can finance benefit more from going green?”

On June 20, 2010, the Industrial Bank was named as the No.1 listed company for social responsibility in the 5th Chinese Securities Journal Cup “Top 10 Listed Companies for Competitiveness and Public Trust”.

At the beginning of July 2010, the Legal and Compliance Department of the Head Office, upon invitation, dispatched officers to attend the “Seminar on Social Responsibilities of China’s Banking Industry” held in Beijing. At the event, the representatives put forward opinions on the preparation of a social responsibility report of China’s banking industry.

On July 17, 2010, upon invitation, Hua Bing, General Manager of the Legal and Compliance Department of the Head Office, attended the training meeting for new employees of the preparation group of the Finance Lease Company of the Industrial Bank, and gave lessons on the Equator Principles and the management of sustainable finance of the bank to all company employees.

On July 15, 2010, the Hang Seng Indexes Company Limited published the list of constituent stocks for the “Hang Seng Corporate Sustainability Index Series”. The Industrial Bank was added to the indexes of “Hang Seng (China A) Corporate Sustainability Index” and “Hang Seng (Mainland and HK) Corporate Sustainability Index”.

In July 2010, the bank submitted its Annual Environmental and Social Performance Report 2009 to IFC.

In August 2010, the bank published the Green Finance, Better Tomorrow – The Equator Principles Annual Implementation Report of the Industrial Bank (2008-2009), which is the first report in China’s banking industry on the implementation of the Equator Principles.

On August 20, 2010, the Legal and Compliance Department of the Head Office introduced IB’s efforts in the field of green finance and portrayed IB’s responsible social image in an interview by Fujian TV Station.

IB held the 2010 IB Legal and Compliance Training Course in Xi’an on August 27-28, 2010. Kang Yukun, Vice President of IB, made an important speech and the Head Office and branches engaged in-depth discussions on issues of concern in the course of IB’s compliance and sustainability operations.

In September 2010, Board of Directors magazine published “Sustainable Finance: the Business Logic of IB”, which included an interview with leaders of the Industrial Bank such as Chairman Gao Jianping. In the interview, bank leaders introduced the Industrial Bank’s concepts of sustainable finance and its innovations in business modes.

On September 2,2010, President Li Renjie Attended the Changchun International Finance High Level Conference of the Sixth Northeast Asia Expo upon invitation and delivered a keynote speech on IB’s Adoption of the Equator Principles and its Development of Green Finance

On September 10, 2010, IB President Li Renjie delivered a speech at the First Global Low-Carbon Finance Advanced Forum, which was sponsored by IB. President Li Renjie also introduced IB’s initiatives in the field of green finance and low-carbon finance in an interview with 21st Century Business Herald.

On September 9-10 2010, the Legal and Compliance Department of the Head Office was invited to attend the “Sustainable Banking Business Training Course” jointly sponsored by the Environmental and Economic Policies Study Center of the Ministry of Environmental Protection and Sichuan Banking Regulatory Bureau. The bank also introduced its practical experiences in the implementation of the Equator Principles at the meeting.

On September 16, 2010, IB was granted the “Best Social Responsibility Report Award for the Financial and Insurance Industry” by Hexun Web and Det Norske Veritas (DNV), and was invited to introduce its experiences in the implementation of the Equator Principles at a round-table forum.

On October 26, 2010, General Manager Hua Bing of the Legal and Compliance Department of this Bank, upon invitation, attended the “2010 Inter-bank Platform Cooperation Forum and Seminar on Sustainable Development Strategies of Chinese Commercial Banks” held in Taiyuan, Shanxi, and introduced the IB’s concept and practice of sustainable finance, stressing that Equator Principles and green finance are the best choice for the banking industry to achieve sustainable development.

On October 21, 2010, the Legal and Compliance Department of the Bank issued a notice to carry out the “looking-back” branch survey for the first anniversary of the formal implementation of equator principles.

From November 10 to 11, 2010, Vice President Kang Yukun and General Manager Hua Bing of the IB’s Legal and Compliance Department, accompanied by relevant personnel, went to the first stop,Hangzhou Branch, to carry out the “looking-back” survey for the implementation of the Equator Principles first annual anniversary.

On November 19, 2010, General Manager Hua Bing of the IB’s Legal and Compliance Department went to Shanghai to attend the Sixth Annual Banking Compliance Symposium upon invitation and delivered the speech “Corporate Social Responsibilities and Management of Reputation Risks”.

On November 22, 2010, Tang Bin, Secretary of the IB’s Board of Directors, was invited to attend the “Global Green Think-Tank Summit” held by the International Green Economy Association, introducing the sustainable finance concept and practice of the Industrial Bank.

General Manager Hua Bing of the IB’s Legal and Compliance Department was elected as a member of GRI Stakeholder Council, and he was invited to attend the first China GRI Reporters Conference held by Global Reporting Initiative in Beijing on November 23, 2010.

From November 24 to 25, 2010, General Manager Hua Bing of the IB’s Legal and Compliance Department lead a team to Zhengzhou Branch to carry out the “looking-back” survey for the first annual anniversary of implementation of Equator Principles.

On November 30, 2010, General Manager Hua Bing of the Legal and Compliance Department of IB was invited to attend the “Sino-foreign Banks’ Green Credit Practices Exchange Conference” hosted by the China Banking Regulatory Commission, introducing IB’s practice and exploration in sustainability development .

From December 1st to 3rd, 2010, the Legal and Compliance Department of IB was invited to attend the sessions in the “Seminar on the Strategic Planning of the Equator Principles for the Next Five Years” hosted by the Equator Principles Association in Beijing.

In December 2010, IB won “the 7th China Best Corporate Citizen Prize for 2010” sponsored by 21st Century Economic Report and 21st Century Business Review, both of which are affiliates of the commercial media institution - 21st Century News Group. It is the fourth time that IB has been honored with the Prize.

On January 8, 2011, IB was invited to attend the “Fifth People’s Social Responsibility Award and 2010 Appraisal of Social Responsibilities of Chinese Listed Companies” held by People’s Daily Online and was awarded for the first time the “People’s Award for Social Responsibilities of the Listed Companies”.

As an important section of IB’s comprehensive compliance management system (Phase II), the environmental and social risks electronic management platform was formally put into operation on January 26, 2011. Afterwhich, IB branches began to report materials relating to the Equator Principles project through the electronic platform.

In the middle of February 2011, General Manager Hua Bing of the Legal and Compliance Department of IB, as a member of the Global Reporting Initiative (GRI) Stakeholder Council, was invited to Amsterdam, Holland to attend the GRI Stakeholder Council Meeting.

In the middle of March 2011, Kang Yukun, Vice President of IB, held business talks with Citibank, Bank of Nova Scotia and Hang Seng Bank on sustainable finance, environmental & social risk management and mutual business cooperation.

On March 25, 2011, IB’s Legal and Compliance Department issued to all staff a letter of appeal titled “You’re Invited to Participate in the Initiative of Earth Hour to Make a Difference to the Earth” to appeal to all staff to pay attention to the environment and climate problems and support the sustainable development of society, economy and environment through environmental protection and low-carbon behavior.

On September 27, 2011, IB, upon invitation, dispatched representatives to the launch meeting of the “Evidence-based Evaluation of Green Credit Policies” sponsored by the Policy Research Center for Environment and Economy of Ministry of Environmental Protection in Beijing, and proposed relevant opinions and suggestions regarding the construction of an enterprise environmental performance database.

On September 26, 2011, IB, upon invitation, dispatched representatives to Shanghai to attend the roundtable symposium on green finance and sustainability of enterprises held by KPMG, and participated in interactive discussions on topics like “how should Chinese financial institutions respond to the influence of environmental and social trends in an active way”.

From October 20 to 21, 2011, the Legal and Compliance Department of IB, upon invitation, dispatched representatives to the 2011 Chinese Banking CSR Training and CSR Meeting held by China Banking Association at Langfang, Hebei, and participated in the deliberation and election of the “CSR Joint Meeting System for Chinese Banking”, and proposed opinions and suggestions on the program for the appraisal of 2011 Chinese banking CSR.

In the last 10 days of October 2011, IB, upon invitation, dispatched representatives to the Annual Meeting of the Equator Principles held by the Secretary Bureau of the Equator Principles in Washington and the Annual Studying Meeting held by the International Finance Corporation (IFC).

In October 2011, IB carried out a series of study, promotion and implementation activities around the theme of “Equator Banks and Green Finance”.

From November 16 to 17, 2011, the Legal and Compliance Department of IB was invited to attend the “Seminar on Green Credit Policies” held by the Statistics Department of the China Banking Regulatory Commission in Beijing, and proposed suggestions on the Guidelines of Green Credit (draft for comments).

On November 18, 2011, the Third CSR Summit Forum for A-share Companies and Award CSR Report Rating Ceremony for Listed Companies 2011 jointly sponsored by the only social responsibility rating company, Rankins CSR Ratings (RKS), Chinese CSR Research Institute of Beijing Normal University, and the world-leading management institution, DET NORSKE VERITAS (DNV) was held in Beijing. The 2010 sustainability report of IB was rated as AA- among the CSR reports of A-share companies, with a score ranking No. 12 among all listed companies. Meanwhile, IB, upon invitation, also dispatched representatives to the thematic roundtable forum to introduce the practices and experiences of IB on the Equator Principles and sustainability.