Industrial & Commercial Bank of China Ltd.
Industry Group: Banks
Country/Region: China
Identifier: HKG:1398
ICBC is headquartered in Beijing and founded in 1984, the bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Among these outlets, 417 outlets are located in 42 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 44%, 44%, and 12% of total revenue, respectively; and 39%, 47%, and 24% of profit before tax in 2022. Overseas banking and other business contributed 8% of total revenue and 6% of profit before tax in 2022.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Banks 796 out of 1065
Universe
Global Universe 11233 out of 16385
What are the ESG Risk Ratings?
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Industry Comparison
Company | ESG Risk Rating | Industry Rank |
---|---|---|
Bank of America Corp. |
25.5
Medium
|
481 out of 1065 |
JPMorgan Chase & Co. |
28.4
Medium
|
695 out of 1065 |
Industrial & Commercial Bank of China Ltd. |
29.5
Medium
|
796 out of 1065 |
Agricultural Bank of China Ltd. |
32.4
High
|
955 out of 1065 |
Wells Fargo & Co. |
36.2
High
|
1046 out of 1065 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Industrial & Commercial Bank of China Ltd.'s Exposure is Medium
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
Industrial & Commercial Bank of China Ltd.'s Management of ESG Material Risk is Average
How do the ESG Risk Ratings work?
Top Material ESG Issues for Industrial & Commercial Bank of China Ltd.
Understand how exposed companies are to specific material ESG issues and how well companies are managing these issues.
What are Material ESG Issues?
Material ESG issues are issues that are considered to be financially material to a given company in a relevant sub-industry.
Controversy Rating
Highest Controversy level that has impacted Industrial & Commercial Bank of China Ltd.'s ESG Risk Rating in the last three years
Highest Controversy Level