China Banking Corporation
China Banking Corporation, commonly known as China Bank, is a prominent financial institution headquartered in the Philippines. Established in 1920, it has grown to become a key player in the banking industry, offering a wide range of services across various operational regions, including Metro Manila and other major cities. With a focus on commercial banking, China Bank provides core products such as corporate loans, retail banking, and investment services. Its commitment to innovation and customer service distinguishes it from competitors. Over the years, China Bank has achieved significant milestones, including the expansion of its branch network and the introduction of digital banking solutions, solidifying its market position as a trusted financial partner in the Philippines.
DitchCarbon Score
How does China Banking Corporation'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
China Banking Corporation's score of 19 is lower than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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China Banking Corporation's reported carbon emissions
In 2020, China Banking Corporation reported total carbon emissions of approximately 23,211,000 kg CO2e, a decrease from about 24,202,000 kg CO2e in 2019. The emissions breakdown for 2020 includes about 10,095,000 kg CO2e from Scope 1 (direct emissions) and approximately 13,115,000 kg CO2e from Scope 2 (indirect emissions). Despite these figures, China Banking Corporation has not disclosed any specific reduction targets or initiatives related to their carbon emissions. The absence of a climate pledge or Science Based Targets Initiative (SBTi) commitments indicates a potential area for improvement in their climate strategy. As a financial institution headquartered in the Philippines, China Banking Corporation's emissions profile reflects the broader industry context, where banks are increasingly being called upon to enhance their sustainability practices and reduce their carbon footprints.
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| 2019 | 2020 | |
|---|---|---|
| Scope 1 | 8,262,000 | 00,000,000 |
| Scope 2 | 15,941,000 | 00,000,000 |
| 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.
China Banking Corporation 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.
