Agricultural Bank of China
The Agricultural Bank of China (ABC), also known as Zhongguo Nongye Yinhang, is a leading financial institution headquartered in Beijing, China. Established in 1951, ABC has played a pivotal role in the development of China's agricultural sector and rural economy, with a strong presence across major operational regions including East and Central China. As a key player in the banking industry, ABC offers a diverse range of services, including corporate banking, personal banking, and wealth management. Its unique focus on agricultural financing distinguishes it from competitors, enabling it to support farmers and agribusinesses effectively. With a robust market position, ABC has achieved significant milestones, including being one of the largest banks globally by assets, reflecting its commitment to fostering economic growth in rural areas.
DitchCarbon Score
How does Agricultural 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
Agricultural Bank of China's score of 31 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Agricultural Bank of China's reported carbon emissions
In 2023, the Agricultural Bank of China (ABC) reported total carbon emissions of approximately 2,211,446,430 kg CO2e, comprising 212,583,030 kg CO2e from Scope 1 and 1,998,863,400 kg CO2e from Scope 2 emissions. This marks a significant increase from the 2022 emissions total of 2,153,909,040 kg CO2e, although specific Scope 1 and Scope 2 breakdowns for that year were not disclosed. ABC is actively pursuing carbon neutrality in its operations, with specific commitments to reduce emissions in both Scope 1 and Scope 2 by 2025. The bank has made continuous progress towards these targets, although exact reduction percentages have not been specified. The emissions data is not cascaded from any parent organization, indicating that ABC's reporting is independent. The bank's climate commitments reflect a growing recognition of the importance of sustainability within the financial sector, aligning with global efforts to mitigate climate change impacts.
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| 2020 | 2023 | |
|---|---|---|
| Scope 1 | 3,287,950 | 000,000,000 |
| Scope 2 | 99,104,820 | 0,000,000,000 |
| 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.
Agricultural 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.
