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.
+5 vs industry average
Agricultural Bank of China’s score of 40 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Agricultural Bank of China's reported carbon emissions
In 2024, the Agricultural Bank of China (ABC) reported total carbon emissions of approximately 2.14 billion kg CO2e. This figure includes Scope 1 emissions of about 165.3 million kg CO2e, Scope 2 emissions of approximately 1.97 billion kg CO2e, and Scope 3 emissions of about 4.0 million kg CO2e. The bank has made significant strides towards carbon neutrality, with ongoing initiatives targeting reductions in both Scope 1 and Scope 2 emissions from 2023 to 2025. In 2023, ABC's emissions were approximately 2.21 billion kg CO2e, with Scope 1 emissions at about 212.6 million kg CO2e and Scope 2 emissions around 1.99 billion kg CO2e. The bank's commitment to reducing its carbon footprint is evident in its near-term climate targets, which aim for continuous progress towards carbon neutrality in its operations. ABC's emissions data is not cascaded from any parent organization, and the bank is independently reporting its performance. The focus on reducing emissions aligns with industry standards and reflects a proactive approach to climate commitments.
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Agricultural Bank of China’s Climate Goals (2030 & 2050)
2 goals2025
The Bank made continuous progress toward carbon neutrality i…
The Bank made continuous progress toward carbon neutrality in its operations.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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