Industrial And Commercial Bank Of China
The Industrial and Commercial Bank of China (ICBC), headquartered in Beijing, China, stands as a leading financial institution in the global banking sector. Founded in 1984, ICBC has grown to become one of the largest banks in the world, with a significant presence in Asia, Europe, and the Americas. Specialising in corporate banking, personal banking, and treasury operations, ICBC offers a diverse range of services, including loans, deposits, and wealth management solutions. Its commitment to innovation and customer service distinguishes it in a competitive market. With numerous accolades, including being ranked among the top banks globally by assets, ICBC continues to solidify its market position through strategic expansion and a robust digital banking platform, catering to the evolving needs of its clientele.
DitchCarbon Score
How does Industrial And Commercial Bank Of China's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Industrial And Commercial Bank Of China's score of 22 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industrial And Commercial Bank Of China's reported carbon emissions
In 2023, the Industrial and Commercial Bank of China (ICBC) reported carbon emissions of approximately 11,041,180 kg CO2e, all of which fall under Scope 1 emissions, specifically from mobile combustion. This represents a slight increase from 2022, when emissions were about 10,050,700 kg CO2e. In 2021, emissions peaked at approximately 15,169,830 kg CO2e, indicating a downward trend over the past two years. ICBC has not disclosed any Scope 2 or Scope 3 emissions data, nor have they set specific reduction targets or initiatives as part of their climate commitments. The bank's emissions data is self-reported and does not appear to be cascaded from a parent or related organization. The bank's revenue for 2023 was approximately USD 92.75 billion, reflecting its significant operational scale. Despite the lack of formal reduction targets, ICBC's emissions intensity metrics, such as building emissions intensity and per capita emissions intensity, suggest ongoing efforts to manage their environmental impact. The building emissions intensity was reported at about 87,540 kg CO2e per square metre, while per capita emissions intensity stood at approximately 4,810 kg CO2e per employee. Overall, while ICBC has made strides in emissions reporting, the absence of specific climate pledges or reduction targets highlights an area for potential improvement in their sustainability strategy.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 15,169,830 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - |
| Scope 3 | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Industrial And Commercial Bank Of China is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
