Sustainability at Chinabank

Chinabank's Sustainability Strategy is to support its vision and mission through responsible Value Creation activities that Contribute to the environment and society, while being Resilient.

In doing so, we operate under conditions that are Viable to the company and the community. We will ensure that our contributions are Equitable to the environment and society, and that risks are Manageable.

It shall be governed by its Corporate Governance and Risk Management framework.


Our Approach

Recognizing Chinabank'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.

Sustainability Governance

The Board of Directors has the overall oversight responsibility in ensuring that sustainability is institutionalized into Chinabank’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:   

  • ensure that oversight and management of sustainability-related issues are embedded within the Bank’s governance structure and,

  • ensure that the Board and Management would have visibility of sustainability-related issues and set the appropriate strategy and its implementation.

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.

Annual Financial & Sustainability Report

Placing a strong emphasis on transparency and accountability, Chinabank’s 2023 Annual Financial and Sustainability Report highlights the material financial and non-financial activities of the Chinabank Group for the period January 1 to December 31, 2023.

The report has been prepared in line with the standards and/or guidelines provided by the Securities and Exchange Commission, Bangko Sentral ng Pilipinas, Sustainability Accounting Standards Board, ASEAN Corporate Governance Scorecard and in accordance with the GRI Sustainability Reporting Standards.

The Chinabank Board of Directors is ultimately responsible for the Bank's sustainability while the Management is responsible for the preparation and fair presentation of the sustainability report for the year ended December 31, 2023, in accordance with the sustainability reporting framework mentioned above.

The Board of Directors reviews and approves the sustainability-related statements, and submits the same to the stockholders.

2023 Annual Financial & Sustainability Report

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