Industrial Bank Co Ltd

IB has specified that the Board of Directors bears the ultimate responsibility for ESG management, and is responsible for identifying and managing economic, environmental, and social impacts, risks, and opportunities. It shall also assume the role of formulating development strategies and supervising over senior management and relevant institutions to effectively fulfill their management responsibilities. In 2022, IB officially renamed the "Strategy Committee" of the Board of Directors as the "Strategy and ESG Committee". Moreover, focusing on external ESG policy dynamics, ESG strategic planning, formulation of major policies and basic systems, and supervision over the implementation of ESG strategy, IB has improved its organizational structure, rules of procedure, and reporting path. The Board of Directors and the Board of Supervisors jointly conducted "Special Training and Research for ESG Construction" to promote the establishment of a leading ESG management decision-making mechanism and strengthen the significant decision-making authority of the Board of Directors and other special committees in ESG management. In 2022, the Board of Directors and the Strategy and ESG Committee reviewed issues such as sustainable development, ESG management, consumer financial protection, personal information protection, and reforms of remuneration system, and formed the transmission letter the Board's opinion based on relevant opinions, which transmits to the operating management and relevant management departments of the Head Office to promote the ESG management capacity.

The IB Board of Directors is responsible for making strategic plans, major policies, and basic systems for the Bank's sustainable development and ESG-related matters, which bears the ultimate responsibility for corporate ESG management and establishes the Strategy and ESG Committee, consisting of five to seven directors with the Chairman of the Board as the Committee Head. The IB's senior management regularly reports important ESG issues to the Board, such as green finance, inclusive finance, ESG and climate-related risks, protection of consumers' rights and interests, human capital development, privacy and data protection, ESG performance management, and information disclosure. To coordinate and lead its ESG management and implementation, IB has set up an ESG Work Leading Group, with the Chairman of the Board of Directors and the President of the Bank acting as the leader and the deputy leader respectively. The leading group has an office attached to the Office of the Board of Directors and the Board of Supervisors. [...] IB incorporates the ESG and climate risk management into the comprehensive risk management system, and clarifies the responsibilities of the Risk Management Committee of the Head Office for the ESG and climate risk management. The Committee regularly reports the ESG and climate risks to the IB's senior management and Board of Directors, adjusts and improves the credit and investment policies.

CIB's Board of Directors decides on strategic plans, major policies and basic systems for sustainable development and ESG, assumes the ultimate responsibility for ESG management, and establishes a Strategy and ESG Committee with five directors and a chairman, who is the Chairman of the Board. The Bank's senior management regularly reports to the Board of Directors on important ESG matters such as green finance, inclusive finance, ESG and climate-related risks, consumer rights and interests protection, human capital development, privacy and data protection, ESG performance management and information disclosure, etc., and forms the Board of Directors' Opinion Conveyance Letters in response to the relevant opinions, which are conveyed to the operating management and the relevant management departments of the Head Office, to promote the enhancement of the ESG management level. The Bank's ESG Leading Group is responsible for coordinating and leading the Bank's ESG management and implementation work, with the Chairman of the Board of Directors as the leader and the President of the Bank as the deputy leader. The Leadership Team has set up an office attached to the ESG Management Centre of the Board of Directors' Office of the Head Office of the Bank.