China Banking Corporation Sustainability Profile
China Banking Corporation, commonly known as China Bank, is a prominent financial institution headquartered in the Philippines. Established in 1920, it has grown to become a key player in the banking industry, offering a wide range of services across various operational regions, including Metro Manila and other major cities. With a focus on commercial banking, China Bank provides core products such as corporate loans, retail banking, and investment services. Its commitment to innovation and customer service distinguishes it from competitors. Over the years, China Bank has achieved significant milestones, including the expansion of its branch network and the introduction of digital banking solutions, solidifying its market position as a trusted financial partner in the Philippines.
DitchCarbon Score
How does China Banking Corporation'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
China Banking Corporation's score of 30 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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China Banking Corporation's reported carbon emissions
In 2023, China Banking Corporation reported total carbon emissions of approximately 18,226,000 kg CO2e, comprising 2,089,000 kg CO2e from Scope 1 and 16,736,000 kg CO2e from Scope 2. This marks a reduction from 2022, where emissions were about 20,384,000 kg CO2e, with Scope 1 at 2,944,000 kg CO2e and Scope 2 at 17,993,000 kg CO2e. The bank has not disclosed any Scope 3 emissions data. Despite the reductions observed in recent years, China Banking Corporation has not set specific reduction targets or climate pledges, nor does it participate in initiatives such as the Science Based Targets initiative (SBTi). The absence of documented reduction initiatives indicates a need for enhanced climate commitments within the banking sector. Overall, while China Banking Corporation has made strides in reducing its carbon footprint, the lack of formal targets and commitments highlights an opportunity for further engagement in climate action.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 2,148,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 16,797,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is China Banking Corporation's Industry?
How Carbon Intensive is China Banking Corporation's Location?
China Banking Corporation'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.
China Banking Corporation 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.
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