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
As of 2023, the Agricultural Bank of China reported total carbon emissions of approximately 2,211,446,430 kg CO2e. This figure includes about 212,583,030 kg CO2e from Scope 1 emissions and approximately 1,998,863,400 kg CO2e from Scope 2 emissions. In 2022, the bank's emissions were about 2,153,909,040 kg CO2e, with Scope 1 emissions at approximately 222,353,260 kg CO2e and Scope 2 emissions at around 1,931,555,780 kg CO2e. The 2020 emissions data indicated a total of about 102,392,770 kg CO2e, comprising approximately 3,287,950 kg CO2e from Scope 1 and about 99,104,820 kg CO2e from Scope 2. Despite these figures, the Agricultural Bank of China has not disclosed specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of defined climate pledges or science-based targets suggests a need for further commitment to climate action within the banking sector.
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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.
