To maintain and uphold high standards of corporate governance by adopting ESG governance policy and risk management policy to be in line with international and local corporate governance best practices for achieving sustainable governance.
We maintained the rating of AA on MSCI ESG Rating in 2021
We remained as constituent of the FTSE4Good Development Index in 2021
Obtained a B rating for ESG from CDP in 2021
We have established a high-level ESG Steering Committee, chaired by our Executive Director and Chief Executive, and reportings to the Executive Committee and the Board. The Steering Committee is supported by four Working Groups (ESG Strategy, Environmental, Corporate Social Responsibility and ESG Disclosure), each led by a member of the Bank’s Executive Committee. We have also set up a dedicated ESG Department to manage ESG issues from a bank-wide strategic perspective.
For details of our corporate governance, please visit our corporate governance page.
The Bank places great importance on Environmental, Social and Governance (ESG) matters and this importance continues to grow. The Board takes overall responsibility for ESG matters and their integration into the Bank’s strategies. It guides the management and monitoring of ESG matters that have been identified as relevant to the Bank by the Executive Committee on the recommendation of the newly-formed ESG Steering Committee.
The Board expects the Management to provide ESG updates to the Board at least twice a year. In 2021, the Board will review and deliberate on the Bank’s ESG strategies and key performance indicators as well as ESG report for 2020.
The Board set up the ESG Steering Committee in 2020. Reporting to the Executive Committee and to the Board, the ESG Steering Committee drives the Bank’s ESG strategy and relevant matters. It is supported by four working groups: ESG Strategy, Environmental, Corporate Social Responsibility and ESG Disclosure Working Groups.
ESG matters that the Bank’s stakeholders rate as priorities are tracked through the annual stakeholder engagement exercise. The outcomes of the exercise are incorporated into the Bank’s ESG strategies and programmes. The last exercise was undertaken in the third quarter of 2020 and the Board noted that the Executive Committee reviewed and endorsed the results in November 2020.
To uphold high standards of corporate governance, we implement various ESG policies in our daily operations and financing.
In addition, we observe the following parent company's policies:
4th quarter of 2021:
3rd quarter of 2021:
2nd quarter of 2021:
1st quarter of 2021: