CZBANK has continuously received a Wind ESG A rating, with a comprehensive score of 7.28

According to Tongbi Finance, on June 2, 2026, Zhejiang Commercial Bank Co., Ltd. (stock abbreviation: Zhejiang Commercial Bank, code: 601916.SH) received a Wind ESG rating of A, unchanged from the previous period. The company's comprehensive score is 7.28, higher than the commercial banking industry average of 7.13. It ranks 26th among 64 companies in the commercial banking industry, placing it in the top 40.63% of the industry. The scores for the environmental, social, and governance dimensions are 6.00, 6.20, and 7.37, respectively.

Compared to the previous rating, the comprehensive score decreased from 7.69 to 7.28, a decline of 0.41 points. The contribution from management practices dropped from 5.07 to 4.57, a decrease of 0.50 points. The contribution from controversy events remained stable at 2.71. By dimension, the environmental score decreased by 1.65 points, the social score decreased by 0.24 points, and the governance score decreased by 0.98 points.

Rating Observation

In the environmental dimension, the company has demonstrated systematic management capabilities and practical actions in sustainable finance and climate change disclosure. The company has established a green finance management system, supervised by the board's Strategy and Sustainable Development Committee, and has set up a Green Finance Committee responsible for ESG risk and climate risk management, formulating strategic documents such as the "Implementation Plan for High-Quality Development of Green Finance." As of now, the balance of green loans has reached 154.405 billion yuan, with the highest proportion in infrastructure green upgrade loans; additionally, the total amount of green bonds underwritten by the company is 5.994 billion yuan. In terms of climate change response, the company has set goals to peak its operational carbon emissions before 2030 and achieve carbon neutrality before 2060, while assessing the quality of loans to high-carbon industries and changes in capital adequacy through climate risk stress testing. It also supports carbon neutrality projects with green financial products that reduce carbon dioxide emissions by 824,100 tons annually. However, there is still room for improvement in the completeness of disclosures regarding carbon neutrality certification, carbon reduction measures, and greenhouse gas verification.

In the social dimension, the company has demonstrated strong management capabilities and practical results in customer management and inclusive finance. The company has established a consumer rights protection management system, supervised by the board's Consumer Rights Protection Committee, and plans to establish an independent "Social Responsibility and Consumer Rights Protection Department" by 2025 to further improve customer rights protection mechanisms. Customer satisfaction has reached 99.76%, with both the customer complaint acceptance rate and resolution rate at 100%. In terms of inclusive finance, the company has set up a small business credit center within its inclusive finance division, with the balance of inclusive micro-enterprise loans at 48.169 billion yuan, accounting for 2.52%, and the balance of agricultural loans at 175.3 billion yuan, accounting for 9.16%. Additionally, the company supports the development of small and medium-sized enterprises through innovative services such as a supply chain bill platform. Despite outstanding performance in customer and inclusive finance areas, some information disclosures in employment and community areas still need improvement, such as anti-discrimination and diversity management, and community management systems In terms of governance, the company's disclosure regarding the independence of the board of directors and ESG governance mechanisms shows certain structural signals. The proportion of independent directors on the board is 35.71%, with an attendance rate of 100%. It has established a three-tier ESG governance structure that includes the Strategy and Sustainability Committee and the Consumer Rights Protection Committee, incorporating annual strategies and social responsibility indicators into executive performance evaluations, accounting for 10% of the total score. Additionally, the proportion of independent directors on the audit committee is 66.67%, while the compensation committee and nomination committee have a 100% proportion of independent directors. However, the dual role of the CEO as chairman may pose certain challenges to the independence of the board, and the proportion of female directors is only 7.14%, with female executives making up 20%, indicating room for improvement in gender diversity. Meanwhile, information on the effectiveness evaluation of the board and stakeholder communication has not been disclosed, which may affect a comprehensive assessment of governance maturity.

Content generated by AI on June 3, 2026, please verify important information