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 28 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Agricultural Bank of China's reported carbon emissions
In 2023, the Agricultural Bank of China reported total carbon emissions of approximately 2,211,446,430 kg CO2e, with Scope 1 emissions at about 212,583,030 kg CO2e and Scope 2 emissions at approximately 1,998,863,400 kg CO2e. This marks a significant increase in emissions compared to 2022, when total emissions were around 2,153,909,040 kg CO2e, with Scope 1 at about 222,353,260 kg CO2e and Scope 2 at approximately 1,931,555,780 kg CO2e. The bank has not disclosed any Scope 3 emissions data or specific reduction targets, indicating a lack of formal commitments to emissions reduction initiatives at this time. The absence of documented reduction targets suggests that while the bank is aware of its carbon footprint, it has yet to establish a clear strategy for mitigating its climate impact. Overall, the Agricultural Bank of China's emissions data highlights the need for enhanced climate commitments and a structured approach to reducing its carbon footprint in alignment with global sustainability goals.
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| 2020 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 3,287,950 | 000,000,000 | 000,000,000 |
| Scope 2 | 99,104,820 | 0,000,000,000 | 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 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.
