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.
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:
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, Chinabank’s 2024 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, 2024.
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 (SASB), ASEAN Corporate Governance Scorecard and in accordance with the GRI Sustainability Reporting Standards.
In addition, the report partially applies the IFRS Sustainability Disclosure Standards IFRS S1 and IFRS S2 as issued by the International Sustainability Standards Board (ISSB). We plan to achieve full compliance with IFRS Sustainability Disclosure Standards when sufficient sustainability data becomes available, and after we have further refined our control systems and processes for sustainability disclosure.
The Chinabank Board of Directors is ultimately responsible for the Bank's sustainability strategy, while Management is responsible for its implementation and for the preparation and fair presentation of the sustainability report for the year ended December 31, 2024, 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.
2024 Annual Financial & Sustainability Report
Chinabank creates value through the impact of our financial products and services to our stakeholders, the environment, and the national economy.
Read MoreGet fast answers to your queries. Check out our help center.
Visit our FAQs page