Bank Of Chongqing Sustainability Profile
Bank of Chongqing, also known as Chongqing Bank, is a prominent financial institution headquartered in Chongqing, China. Established in 1996, the bank has grown to become a key player in the Chinese banking sector, primarily serving the southwestern region of the country. Specialising in commercial banking, Bank of Chongqing offers a diverse range of services, including personal and corporate loans, wealth management, and trade finance. Its commitment to innovation and customer service distinguishes it from competitors, making it a trusted choice for both individuals and businesses. With a strong market presence, Bank of Chongqing has achieved significant milestones, including rapid asset growth and an expanding network of branches. The bank continues to enhance its offerings, positioning itself as a leader in the evolving financial landscape of China.
DitchCarbon Score
How does Bank Of Chongqing'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
Bank Of Chongqing's score of 27 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank Of Chongqing's reported carbon emissions
In 2023, Bank of Chongqing reported total carbon emissions of approximately 1,707,410 kg CO2e, comprising 21,340 kg CO2e from Scope 1 emissions (mobile combustion) and 1,614,510 kg CO2e from Scope 2 emissions (purchased electricity). This represents a slight decrease from 2022, where total emissions were about 1,745,830 kg CO2e, with Scope 1 emissions at 21,140 kg CO2e and Scope 2 emissions at 1,654,640 kg CO2e. Over the past few years, the bank's emissions have shown fluctuations, with 2021 emissions recorded at approximately 1,762,660 kg CO2e, and 2020 emissions at about 1,574,450 kg CO2e. Notably, the bank has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the value chain. Despite the emissions data, Bank of Chongqing has not set specific reduction targets or initiatives as part of its climate commitments, nor has it participated in initiatives such as the Science Based Targets initiative (SBTi). The absence of documented reduction targets suggests a need for enhanced climate action strategies within the organisation. Overall, while Bank of Chongqing has made some progress in managing its carbon footprint, the lack of formal reduction commitments indicates potential areas for improvement in its climate strategy.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 25,280 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 1,481,740 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - |
How Carbon Intensive is Bank Of Chongqing's Industry?
How Carbon Intensive is Bank Of Chongqing's Location?
Bank Of Chongqing's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Bank Of Chongqing has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
