Ditchcarbon
  • Customers
  1. Organizations
  2. Bank of Communications
Public Profile
Financial Intermediation
CN
updated 4 days ago

Bank of Communications

Company website

Bank of Communications Co., Ltd., commonly known as Bank of Communications or BoCom, is a prominent financial institution headquartered in Shanghai, China. Established in 1908, it has evolved into one of the largest commercial banks in the country, with a significant presence in major operational regions including Hong Kong and various international markets. Operating within the banking and financial services industry, Bank of Communications offers a diverse range of products and services, including corporate banking, personal banking, and wealth management. Its commitment to innovation and customer service distinguishes it from competitors, making it a trusted choice for both individual and corporate clients. With a strong market position, Bank of Communications has achieved notable milestones, including its listing on the Hong Kong Stock Exchange in 2005. The bank continues to expand its global footprint while maintaining a focus on sustainable growth and financial stability.

DitchCarbon Score

How does Bank of Communications'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.

38

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.

27

Industry Benchmark

Bank of Communications's score of 38 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.

63%

Let us know if this data was useful to you

Bank of Communications's reported carbon emissions

In 2023, Bank of Communications reported total carbon emissions of approximately 5,703,580 kg CO2e. This figure includes 164,430 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources. The bank's Scope 2 emissions, primarily from purchased electricity, accounted for about 4,968,260 kg CO2e. Additionally, Scope 3 emissions, which include indirect emissions from the value chain, totalled approximately 570,900 kg CO2e. Comparatively, in 2022, the bank's total emissions were about 11,319,460 kg CO2e, indicating a significant reduction in emissions year-on-year. The breakdown for 2022 shows Scope 1 emissions at 975,980 kg CO2e, Scope 2 at 9,836,120 kg CO2e, and Scope 3 at 507,350 kg CO2e. Despite these reductions, Bank of Communications has not set specific reduction targets or climate pledges, nor does it appear to have cascaded data from any parent organisation. The bank's emissions data is sourced directly from Bank of Communications Co., Ltd. and reflects its commitment to transparency in disclosing its carbon footprint across all relevant scopes.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20222023
Scope 1
975,980
000,000
Scope 2
9,836,120
0,000,000
Scope 3
507,350
000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Bank of Communications's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Bank of Communications is in CN, which we do not have grid emissions data for.

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.

Bank of Communications is not participating in any of the initiatives that 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Similar Organizations

Taiwan Financial Holding Co., Ltd.

TW
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 7 days ago

Citibank Taiwan Ltd.

TW
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 7 days ago

Chongqing Rural Commercial Bank Co

CN
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 2 days ago

Cdb

CN
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 2 days ago

CTBC Financial Holding

TW
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 2 days ago

China Post Life Insurance Company Limited

CN
•
Insurance and pension funding services, except compulsory social security services (66)
Updated 7 days ago

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

Ditchcarbon
v250731.5
enquiries@ditchcarbon.com+44 203 475 7875Ditch Carbon Ltd167-169 Great Portland StreetLondon W1W 5PF
Verified byUL Verified
Partnered withCDP
ProductPortalDataDocumentationIntegrationsChangelogPricing
SolutionsProcurement teamsSustainability teamsPlatform ownersCarbon accountants
ResourcesMethodologyBlogFAQOrganizationsIndustriesSBTI APITrust Centre
AboutTeamCareersLicense AgreementPrivacy