Recognizing China Bank's vital role in advancing sustainable development - not just by being responsible in managing the impact of our operations, but also in making responsible decisions in lending, investing, and the services we offer - we have been progressively integrating sustainability principles on three fonts: through value creation, through our contribution, and by being resilient.
The Board of Directors has the overall oversight responsibility in ensuring that sustainability is institutionalized into China Bank’s strategy and objectives.
The Management Committee is tasked to ensure that the Bank’s operations and the performance of our personnel are in line with the set objectives on sustainability.
The Management Committee is supported by the newly-established Sustainability Oversight Committee in the implementation of its sustainability-related activities.
The Sustainability Oversight Committee aims to:
To support the Sustainability Oversight Committee’s activities, the Sustainability Working Team, led by the ESG Department, coordinates with the other units of the Bank in the implementation of actions and initiatives on capacity building, materiality assessment, and other activities under the Sustainability Transition Plan.
Placing a strong emphasis on transparency and accountability, China Bank’s 2022 Annual Financial and Sustainability Report highlights material information about the financial and non-financial activities and results of the China Bank Group for the period January 1 to December 31, 2022. This report was prepared in accordance with GRI Standards and in line with the standards and/or guidelines of the Securities and Exchange Commission, Bangko Sentral ng Pilipinas, Sustainability Accounting Standards Board, and the ASEAN Corporate Governance Scorecard to provide a holistic view of our overall operational, financial, and sustainability performance.
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