China Everbright Bank
601818
2
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
China Everbright Bank is a major Chinese commercial bank that has been documented as a significant financier of fossil fuel expansion. According to the Banking on Climate Chaos 2024 report, the bank provided $2.3 billion in financing to fossil fuel companies in 2023 alone. Since the Paris Agreement was signed in 2016, the bank has facilitated over $18.7 billion in fossil fuel financing, with a substantial portion directed toward coal power and coal mining projects. This sustained capital allocation to high-carbon sectors, despite global climate imperatives, constitutes a financial product strategy that externalizes climate risk onto consumers, investors, and the broader economy. The bank has not published a comprehensive policy to restrict finance for new fossil fuel expansion or to align its lending portfolio with a 1.5°C pathway.
China Everbright Bank provides financial services that facilitate fossil fuel expansion. The bank is identified as a major financier to the sector, appearing on the Banking on Climate Chaos report's list of institutions funding fossil fuels. In 2024, reporting by The Insider specifically named China Everbright Bank among a group of Chinese banks facilitating transactions for equipment sales to Russian oil firms. This activity supports upstream fossil fuel operations despite global calls to restrict financing for new extraction projects. The bank's continued inclusion in these finance reports indicates its role as an ongoing provider of capital to the fossil fuel industry.
Research Sources
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
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