Agricultural Bank of China
The Agricultural Bank of China (ABC), a prominent player in the financial intermediation services sector, is headquartered in Beijing, CN. Established in 1951, ABC has evolved into a leading financial institution, primarily serving rural and agricultural sectors while also catering to urban clients. Its extensive network spans across major operational regions in China, providing a wide array of banking services.
ABC's core offerings include personal banking, corporate banking, and treasury services, distinguished by their focus on agricultural financing and rural development. The bank has achieved significant milestones, including its successful IPO in 2010, which marked one of the largest public offerings in history. With a strong market position, ABC is recognised for its commitment to supporting China's agricultural economy, making it a vital contributor to the nation's financial landscape.
+7 vs industry average
Agricultural Bank of China’s score of 42 is higher than 59% 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
Agricultural Bank of China (ABC) reported approximately 2.14 billion kg CO2e in Scope 1 and Scope 2 emissions for 2024. This includes about 165.3 million kg CO2e from Scope 1 and approximately 1.97 billion kg CO2e from Scope 2 emissions. Additionally, ABC reported about 4.05 million kg CO2e for Scope 3 emissions in 2024, specifically related to waste generated in operations.
For 2023, ABC's Scope 1 and 2 emissions totalled approximately 2.21 billion kg CO2e, with Scope 1 emissions at about 212.6 million kg CO2e and Scope 2 emissions at around 1.99 billion kg CO2e.
In 2021, the bank's Scope 1 and 2 emissions were approximately 258.2 million kg CO2e, comprising about 20.7 million kg CO2e from Scope 1 and 237.5 million kg CO2e from Scope 2. The year prior, 2020, ABC's Scope 1 and 2 emissions were approximately 102.4 million kg CO2e, with Scope 1 at about 3.3 million kg CO2e and Scope 2 at nearly 99.1 million kg CO2e.
ABC has stated its commitment to carbon neutrality in its operations. For the near term, between 2023 and 2025, the bank is working towards carbon neutrality for Scope 1 and Scope 2 emissions. They have indicated continuous progress towards this goal.
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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.
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Agricultural Bank of China
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