Industrial and Commercial Bank of China (ICBC) is one of the largest banks in the world. It was the first commercial bank in China to join the UN Global Compact in 2012 and joined the UN Environment Programme Finance Initiative (UNEP FI) in 2014. It is a member of the standing council of Green Finance Committee established under the China Financial Forum and is an active advocate of developing green finance in order to boost sustainable development.
In 2017, ICBC issued their first Certified Climate Bond through their Luxembourg branch. The proceeds of this Green Bond will be used to finance and refinance a broad range of assets, including wind generation in China, solar generation in many countries and electrified railways in China. The Bond is certified under the Solar, Wind and Low Carbon Transport Criteria.
In 2018, ICBC issued their second Certified Climate Bond through their London branch.
| DATE OF ISSUE | TYPE OF INSTRUMENT | SIZE | TENOR | COUNTRY OF ISSUE | CLIMATE BONDS SECTOR CRITERIA | VERIFIER'S REPORT | ANNUAL REPORT | FURTHER INFORMATION |
| September 2017 | Use of proceeds bond | USD 2.1bn | 3 and 5 years | Luxembourg | Solar, Wind, Low Carbon Transport | Annual Report 2018 | Green Bond Framework | |
| June 2018 | Use of proceeds bond | USD 1 billion and EUR 500m (total USD 1.58 billion) | 3 and 5 years | United Kingdom | Solar, Wind, Low Carbon Transport, Marine Renewable Energy | Annual Report 2018 | ICBC Green Bond website |