ACB Sustainability Profile
ACB, or Asia Commercial Bank, is a prominent financial institution headquartered in Vietnam, with a strong presence across major operational regions in Southeast Asia. Founded in 1993, ACB has established itself as a key player in the banking industry, offering a diverse range of services including retail banking, corporate banking, and investment services. The bank is renowned for its innovative financial products, such as competitive loan offerings and tailored investment solutions, which cater to both individual and business clients. ACB's commitment to customer service and technological advancement has positioned it as a trusted partner in the financial sector. With numerous accolades and a robust market position, ACB continues to drive growth and enhance its service portfolio, solidifying its reputation as a leader in Vietnam's banking landscape.
DitchCarbon Score
How does ACB'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
ACB's score of 29 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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ACB's reported carbon emissions
In 2022, ACB reported total carbon emissions of approximately 34,335,000 kg CO2e. This figure includes 4,438,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 29,052,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Additionally, Scope 3 emissions accounted for about 800,000 kg CO2e, which are other indirect emissions that occur in the value chain. Comparatively, in 2021, ACB's total emissions were about 31,685,000 kg CO2e, with Scope 1 emissions at 3,061,000 kg CO2e, Scope 2 emissions at 27,848,000 kg CO2e, and Scope 3 emissions at 776,000 kg CO2e. In 2020, the total emissions were approximately 32,142,000 kg CO2e, comprising 3,663,000 kg CO2e from Scope 1, 27,721,000 kg CO2e from Scope 2, and 758,000 kg CO2e from Scope 3. Despite these emissions figures, ACB has not publicly disclosed specific reduction targets or initiatives as part of their climate commitments. The data provided is not cascaded from any parent organization, indicating that ACB's emissions data is independently reported. The bank's emissions intensity per employee has shown slight variations over the years, with values of 2,630 kg CO2e in 2022, 2,620 kg CO2e in 2021, and 2,850 kg CO2e in 2020. Overall, ACB's emissions data reflects a significant carbon footprint, with a need for clear reduction strategies to align with global climate goals.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 3,663,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 27,721,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 758,000 | 000,000 | 000,000 |
How Carbon Intensive is ACB's Industry?
How Carbon Intensive is ACB's Location?
ACB's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
ACB has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
