Agricultural Bank of China
ACGBF
Financials
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.
Agricultural Bank of China has been identified as a significant financier of fossil fuel expansion, ranking among the top global banks providing capital to fossil fuel companies. According to the Banking on Climate Chaos report, the bank has provided substantial funding to oil, gas, and coal projects globally. This financing activity directly enables the development of new fossil fuel infrastructure, locking in future greenhouse gas emissions and undermining global climate goals. The bank's financial practices in this area constitute a predatory financial model that extracts value by funding environmentally destructive projects with long-term negative consequences for global communities and ecosystems, aligning with the definition of financial misconduct through support for activities harmful to beneficiaries and the public.
Agricultural Bank of China is a major financier of the global fossil fuel industry. According to the 2024 *Banking on Climate Chaos* report, Agricultural Bank of China was among the world's top banks providing finance to fossil fuel companies from 2016 through 2023. This financing supports the full spectrum of fossil fuel operations, from upstream extraction to infrastructure expansion. As a state-owned commercial bank, its lending and underwriting activities provide critical ancillary financial services that enable fossil fuel projects to proceed.
Research Sources
1 organization
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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.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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