China Banking Association’s Corporate Social Responsibility Guidelines

Monday, January 12, 2009

In January 2009, the China Banking Association published its Corporate Social Responsibility Guidelines. The guidelines advocate for "independent on-site investigation and audit for the environmental impacts of financed projects, and make their judgments not solely based on clients' own environmental impact assessment report and data." The guidelines also encourage financial institutions to adopt "people-oriented principles" for their employees and to promote the social development of impacted communities. The guidelines refer to the Equator Principles, but fail to mention other specific international environmental or social treaties.