China Minsheng Bank

China
Asia Pacific

http://www.cmbc.com.cn/

Industry:Banking
Date joined:28 April, 2022
Initiatives:Principles for Responsible Banking

Brief Overview of Organisation

China Minsheng Banking Corporation Limited (hereinafter referred to as “China Minsheng Bank” or “the Bank”) was formally established in Beijing on 12 January 1996. It is China’s first national joint-stock commercial bank initiated and founded mainly by non-state-owned enterprises. The Bank was listed on Shanghai Stock Exchange and the Hong Kong Stock Exchange in 200 and 2009, respectively. Now it has grown into a bank group providing commercial banking, financial leasing, fund management and global investment banking services. In the Top 1000 World Banks ranking released by The Banker in 2021, China Minsheng Bank was No.26. In the Future Global 500 published bu Fortune in 2021, it was No. 224.

Summary of Sustainability Strategy

Since its establishment, China Minsheng Bank has been adhering to the mission of “serving the public and caring about people’s livelihood”, and has become an important financial force in supporting the development of the real economy through hard-working and innovative efforts. In recent years, the Bank has been insisting on returning to the service origin, strengthening fundamental services, expanding basic customer groups, focusing on key regions and optimizing business structure, and has received steady development.

In the past 26 years since its establishment, China Minsheng Bank has been insisting on giving back to the society with gratitude and putting fulfilling social responsibility and promoting sustainable development to an important place, and has become an important participant and promoter in making contributions to the society from the financial side. The Bank devoted to targeted poverty alleviation, helped Fengqiu Country and Hua County in Henan Province out of poverty and assisted poverty alleviation in the “three autonomous regions and three autonomous prefectures” in China. To integrate into the national strategy of revitalization, the Bank proactively explored sustainable business model of “finance serving rural revitalization” and strove to build up a distinctive Minsheng service model and a highlighted Minsheng brand. The bank improved the environmental, social and governance (ESG) management, launched product series of green finance and facilitated “carbon peak and carbon neutral” with concrete efforts. The Bank also hosted special charity campaigns, such as the ME Charity Innovation Funding Scheme, the exhibitions of art works of the masters in the past century, Beautiful Villages, and the medical care programs for childrn with congenital heart disease, etc., so as to establish a Minsheng charity platform to continuously enhance the “warm power” of China Minsheng Bank.

Joining UNEP FI is conducive for China Minsheng Bank to integrate with international standards, strengthening exchanges with international counterparts, improving corporate values, expanding influence, and building an outstanding brand with sustainable development.