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 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
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 from Scope 1, specifically from mobile combustion. This marks an increase from 2022, where emissions were about 10,050,700 kg CO2e. ICBC has disclosed emissions data for Scope 1 but has not provided information on Scope 2 or Scope 3 emissions. Despite the increase in emissions, ICBC has not set specific reduction targets or initiatives as part of their climate commitments. The bank's overall emissions have fluctuated over recent years, with total emissions reported at approximately 89,587,900 kg CO2e in 2018 and 89,859,600 kg CO2e in 2019, indicating a need for more robust 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 highlight the bank's operational impact on carbon emissions, yet the absence of defined reduction targets suggests a gap in their climate strategy. Overall, while ICBC is actively monitoring its emissions, the lack of specific reduction commitments raises questions about its long-term climate resilience and sustainability efforts.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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.
