Chiba Bank

Chiba Bank's reported carbon emissions

Chiba Bank, a financial intermediary based in Japan, has established a commitment to achieving net-zero CO2 emissions by fiscal year 2030, aligning with the Paris Agreement. This goal was announced in March 2022, and the bank is actively engaged in CO2 emission reduction efforts. In 2023, Chiba Bank reported total carbon emissions of approximately 12.71 billion kg CO2e. This figure encompasses Scope 1, 2, and 3 emissions, with Scope 3 emissions being the most significant contributor at approximately 12.67 billion kg CO2e. Scope 1 emissions for 2023 were about 2.61 million kg CO2e, and Scope 2 emissions were approximately 2.74 million kg CO2e. For the year 2022, Chiba Bank's total emissions were approximately 6.36 billion kg CO2e. This included Scope 1 emissions of about 2.41 million kg CO2e and Scope 2 emissions of approximately 9.91 million kg CO2e. Scope 3 emissions were the largest component, at approximately 6.32 billion kg CO2e. The bank has also disclosed emissions data for previous years, with total emissions in 2021 amounting to approximately 18.43 billion kg CO2e, comprising Scope 1 at about 2.77 million kg CO2e and Scope 2 at approximately 15.66 million kg CO2e. For 2020, the reported Scope 1 and 2 emissions totalled approximately 19.02 million kg CO2e. From 2013 to 2019, Chiba Bank consistently reported Scope 1 and 2 emissions in the range of approximately 18.2 million kg CO2e to 22.7 million kg CO2e annually. In 2014, Scope 1 and 2 emissions were approximately 22.75 million kg CO2e. While specific reduction targets beyond the overarching net-zero goal are not detailed in the provided data, Chiba Bank's engagement with climate initiatives indicates a proactive approach to managing its environmental impact within the financial intermediation sector.