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 20 is lower than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Industrial And Commercial Bank Of China's reported carbon emissions
As of 2023, the Industrial and Commercial Bank of China (ICBC) reported carbon emissions of approximately 11,041,180 kg CO2e from Scope 1 sources, specifically from mobile combustion. This marks a slight increase from the previous year, where emissions were about 10,050,700 kg CO2e in 2022. In 2021, ICBC disclosed Scope 1 emissions of approximately 15,169,830 kg CO2e, indicating a trend of fluctuating emissions over the years. The bank has not publicly set specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other formal climate pledges, which suggests a need for enhanced climate action strategies. ICBC's emissions intensity metrics include a building emissions intensity of about 87,540 kg CO2e per square metre and a per capita emissions intensity of approximately 4,810 kg CO2e per employee in 2023. These figures reflect the bank's operational impact on climate change, highlighting the importance of ongoing monitoring and potential improvements in sustainability practices. Overall, while ICBC has made strides in tracking its emissions, the absence of defined reduction targets indicates an opportunity for the bank to strengthen its climate commitments and align with global sustainability goals.
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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 committed to any reduction initiatives 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.
