Go Clean ICBC Day of Action

The Industrial and Commercial Bank of China (ICBC) is holding its annual shareholders’ meeting on 23rd June 2022. Let’s take this opportunity to demand ICBC stop funding the planet’s breakdown and become a true partner in realizing a Just Transition.

Back in September 2021, China pledged it will no longer fund the construction of new coal projects overseas. This pledge is an important win for all of our communities fighting against coal projects. However, China’s pledge has a loophole that could allow backtracking on coal, and ICBC has remained silent in relation to our campaign demands. Moreso, the pledge doesn’t cover any damages to communities wrought by ICBC-financed coal plants that are in or about to enter into operation.

ICBC is also one of the key financial advisors to the East African Crude Oil Pipeline (EACOP). Communities in Uganda and Tanzania have been working to protect their health, land, and livelihoods from the EACOP and other oil projects, and having ICBC fund this dangerous project does not align with their sustainability claims.

ICBC’s global influence means that it can become the world’s climate leader in sustainable finance — and lead a human-centered transition from dirty coal energy and other fossil fuels to renewable energy sources for all.

Latest news

Global protests call on Chinese institutions, including ICBC, to reject destructive East African Oil Pipeline

Hundreds of environmental and community activists staged peaceful protests at the corporate headquarters of some Chinese banks and insurance firms, as well as Chinese embassies across Africa, Europe, and North America today, demanding those institutions commit not to support further development of the controversial East African Crude Oil Pipeline (EACOP).
Go Clean ICBC: the fight is not over yet

It's time to pause, reflect, and celebrate our milestones this year so when we're back, we're stronger than ever. Together, we can make ICBC stop fossil fuel finance to secure a safer climate for all.
Asian Peoples Movement on Debt and Development (APMDD) and Asian Energy Network’s Open Letter to ICBC

On June 23rd, grassroots groups and civil society organisations from around the world came together to ask the Industrial and Commercial Bank of China (ICBC) to show real climate leadership by stopping the financing of fossil fuel projects and funding renewable energy instead. We are sharing Asian People’s Movement on Debt and Development’s open letter to ICBC
As the Industrial and Commercial Bank of China holds its Annual General Meeting, civic groups call for the bank to stop funding fossil fuels

Today the Industrial and Commercial Bank of China (ICBC), one of the three financial advisors of the East African Crude Oil Pipeline (EACOP), among other fossil fuel projects, is holding its Annual General Meeting (AGM), where shareholders will be making important decisions regarding the institution’s policies and investment plans.
Time for action

On 23 June 2022, ICBC's annual general meeting will take place. We need to keep the pressure up to ensure ICBC makes the rapid switch from fossil fuels to renewables.
Sea Turtle joins the Orange Blossom Festival in Adana, Turkey

In the week of 23 March 2022, a whopping 1.5 million people gathered at the famous Orange Blossom Festival in Adana, Turkey. The most attractive guest at the gathering was a sea turtle. What does it have to do with ICBC? Read the full story below to learn more.
The Industrial and Commercial Bank of China should finance a green and low-carbon future, not the East African Crude Oil Pipeline

Members of the #StopEACOP campaign represented by 61  civil society organisations (CSOs) from Uganda, Tanzania, DR Congo and Kenya, wrote to the Industrial and Commercial Bank of China (ICBC) expressing their concerns about its role as a financial advisor and its potential participation in a $2.5 billion project finance loan for the development of the East African Crude Oil Pipeline (EACOP) project.
The future of coal plants in Pakistan

What if ICBC and other Chinese banks consider walking away from Pakistan’s coal plants?

The legal battle of Sepang Bay residents against coal-fired power plant

No one is immune to losing faith, especially when you know you are on the right side of the law and you’re up against one of the world’s biggest fossil-fuel financiers. 
Pakistan’s Thar coal project and its community’s disempowerment

In the last 12 months, the world of coal financing has shifted dramatically. Even ICBC themselves have indicated that they are moving away from the high-emissions fuel. However, for the residents of Thar, vague hopeful statements of the future will not change the real, tangible heartbreak they are going through at the moment.