OUR ESG PROGRAM

Our overarching mission is to bridge China with the rest of the world for the common good. As part of the financial industry, we recognize our significant responsibility to contribute positively and make a lasting impact. To this end, we have developed a comprehensive ESG program and established a formal ESG Committee. This ensures the integration of ESG principles into the core of our business operations. We are proud of the progress we have made.

In 2023, Bank of China was awarded ASIAMONEY Magazine’s “Best Bank for ESG” award, helped in large part by the $277B we committed to sustainable finance in the last calendar year. Bank of China also took home awards from Global Finance Magazine in the categories of “Outstanding Leadership in Sustainable Finance,” “Outstanding Leadership in Sustainable Project Finance,” and “Outstanding Leadership in Sustainable Bonds” – the latter of which also reflects BOC U.S.A.’s issuance of $500M in green bonds, the largest green bond issuance by a Chinese financial institution in the Americas.

BOC Group is a proud supporter of the Task Force on Climate-Related Financial Disclosures (TCFD) and a signatory of the Principles for Responsible Banking. We also participated in multiple discussions about green finance standards held by the Technical Committee for Sustainable Finance of the International Organization for Standardization (ISO/TC322).

Despite these achievements, we know we still have work to do on the ESG front. Our framework identifies areas of priority and opportunities for us to continue making strides.