The Board of Directors of China Banking Corporation (Chinabank, PSE stock symbol: CHIB) recently approved redefining the Bank’s Sustainability Strategy as part of ongoing efforts to embed sustainability across the organization. 

The strategy is centered on ensuring that business decisions, actions, and initiatives considered factors, such as being viable to both the Bank and the community, equitable to the environment and society, and that its risks are manageable to promote sustainable growth of both society and the company.

Chief Operating Officer Romeo D. Uyan, Jr. lauded the approval of the sustainability strategy and schema as it sends a clear message on how Chinabank intends to incorporate sustainability into its overall strategy. 

“Climate change, waste reduction, economic and social inequality are but few of the many themes relating to sustainability. There is no doubt that these issues could get overwhelming as the list goes on. But with a clear direction, good strategy, and dedication from everyone, I am very confident that we can achieve our aspirations,” Mr. Uyan said, “We want to ensure that the Bank’s many stakeholders can easily grasp our strategy and firm commitment to incorporating sustainability in the various ways that we conduct our business. With the creation of the strategy diagram, we hope to convey the main points of our sustainability strategy and how it all relates to our overall mission and vision,” He added. 

On value creation, Chinabank is committed to creating shared value by upholding responsible business practices and being responsive to the needs of its customers and other stakeholders. 

On contribution, Chinabank is committed to supporting projects that positively impact the economy, the environment, and society, as well as leveraging its resources and capabilities to help address sustainable development issues. 

Lastly, on resiliency, Chinabank is committed to building its organizational resilience by effectively managing risks, upholding and protecting human rights, and supporting the health and welfare of its employees.