Environmental Policy and Record
In 2008 ICBC was the first Chinese Bank to adopt the Equator Principles, an international set of social and environmental standards for financial institutions launched in 2003. It has also adopted the Green Credit Policy launched in 2007 by the Chinese Ministry of Environmental Protection. International environmental groups have criticized ICBC for failing to adhere to its social environmental standards and of being hypocritical, because ICBC is involved in the financing of the controversial Gilgel Gibe III Dam in Ethiopia.
Read more about this topic: Industrial And Commercial Bank Of China
Famous quotes containing the words policy and/or record:
“A policy is a temporary creed liable to be changed, but while it holds good it has got to be pursued with apostolic zeal.”
—Mohandas K. Gandhi (1869–1948)
“The house seems heavier
Now that they have gone away.
In fact it emptied in record time.”
—John Ashbery (b. 1927)