Case Study / 22 Apr 2016

Industrial and Commercial Bank of China (ICBC)

Trucost developed a model to quantify the natural capital costs of business sectors in China.

Industrial and Commercial Bank of China (ICBC) is a Chinese multinational banking company, and the largest bank in the world by total assets and by market capitalization. It is one of China’s ‘Big Four’ state-owned commercial banks.

ICBC wanted to help Chinese financial institutions understand the environmental risks of their investments. The bank commissioned Trucost to develop a model to quantify the natural capital costs of business sectors in China and attribute them to the portfolios of financial institutions through their equity or loan exposures to these sectors.

This project forms a vital part of the Green Finance Committee’s plan to build a robust financial infrastructure enabling investors across asset classes in China to systematically integrate natural capital risks into their conventional frameworks.

Insights

Industrial and Commercial Bank of China and Trucost Partner to Build China Specific Natural Capital Risk Model and Tool (news)

Accounting for Natural Capital Costs Associated with Chinese Financial Institutions (publication)

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