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Solar Power Station in Negros Occidental, Philippines. Photo: Veejay Villafranca/Greenpeace

As the largest bank in the world, ICBC has a great potential to become the world’s best bank by stopping all its financing to dirty, dangerous coal.

Industrial and Commercial Bank of China (ICBC) is the world’s biggest bank financing massive coal power projects and coal corporations in Africa, Europe, and Asia.

From October 2018 to October 2020, ICBC channeled $40 billion to the coal industry. If this doesn’t stop, these coal projects will continuously destroy fragile ecosystems and fresh waterways, cause societal harm to communities, and contribute to millions of premature deaths caused by air pollution.

ICBC’s global influence means that they can become the world’s climate leader in sustainable finance — and lead a just recovery from dirty coal energy to renewable energy sources for all.

If ICBC wants to be recognized as an international true leader on sustainability, they must:

  • Stop direct and indirect financing to coal projects immediately.
  • Follow the lead of the Chinese government and help meet the country’s climate goals by committing to zero-emission of its financials and operations. Zero-emission means no new coal power plants.

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Make a clean break from fossil fuels, ICBC!

Fueling the planet’s heating through financing fossil fuels is incompatible with a safe, equitable and prosperous future for everyone. Pledge your support now by signing up and we will send you more details before ICBC’s Annual General Meeting, as well as updates at moments you can make a difference.

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Check out the latest stories:Here are some powerful stories from the communities in countries directly affected by ICBC's coal financing  Read