ESG Trends

【ESG External Recognition】China CITIC Bank ranks 10th among the List of “China Top 30 ESG Listed Companies in Financial Industry”!

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  • Release time:2023-10-27

Recently, China CITIC Bank made the list of “China Top 30 ESG Listed Companies in Financial Industry” released by the Financial Program Center of China Media Group (CMG), ranking 10th among many insurance, banking, securities and other financial institutions. The list is the result of a comprehensive ESG evaluation of Chinese companies performed by the Financial Program Center of China Media Group (CMG), together with the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), the All-China Federation of Industry and Commerce (ACFIC), the Institute of Economics of the Chinese Academy of Social Sciences (CASS), the China Enterprise Reform and Development Society (CERDS), and other authoritative organizations, aiming to build an ESG evaluation system that is in line with international standards and China’s national conditions. This represents full recognition of the Bank’s ESG performance by the industry and capital market.

In recent years, the Bank has actively responded to the national “carbon peaking and carbon neutrality” strategy, and firmly followed the path of high-quality sustainable development in all respects by staying true to the original intention of financial institutions to serve the real economy, and bearing in mind its missions to “create value for customers, seek happiness for employees, make profit for shareholders and perform responsibility for society”. Focusing on the new philosophy of “innovative, coordinated, green, open and shared development”, the Bank aspires to become a “responsible, caring, unique and valuable” provider of the best comprehensive financial services, and pursues the integration of strategy as a top-down enabler and demand as a bottom-up driver, and keeps improving its ESG concept from multiple aspects such as the development of systems and mechanisms, optimization of products and services, business capability enhancement, and quality and efficiency of information disclosure to show the commitment of state-owned enterprises. On this basis, the Bank channels more financial resources to the real economy and provides products and services “beyond finance”, allowing more stakeholders to feel the “CITIC passion”.