Environmental Policy and Record
In 2008 ICBC was the first Chinese Bank to adopt the Equator Principles, an international set of social and environmental standards for financial institutions launched in 2003. It has also adopted the Green Credit Policy launched in 2007 by the Chinese Ministry of Environmental Protection. International environmental groups have criticized ICBC for failing to adhere to its social environmental standards and of being hypocritical, because ICBC is involved in the financing of the controversial Gilgel Gibe III Dam in Ethiopia.
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Famous quotes containing the words policy and/or record:
“It is always the best policy to speak the truth, unless of course you are an exceptionally good liar.”
—Jerome K. Jerome (1859–1927)
“The record of one’s life must needs prove more interesting to him who writes it than to him who reads what has been written.
“I have no name:
“I am but two days old.”
What shall I call thee?
“I happy am,
“Joy is my name.”
Sweet joy befall thee!”
—William Blake (1757–1827)