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 19,626,000 kg CO2e, comprising about 2,089,000 kg CO2e from Scope 1 and about 16,736,000 kg CO2e from Scope 2 emissions. This marks a decrease from 2022, where emissions were about 20,384,000 kg CO2e, with Scope 1 at approximately 2,944,000 kg CO2e and Scope 2 at about 17,993,000 kg CO2e. The bank has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. Notably, there are no specific reduction targets or climate pledges outlined in their current commitments, which may suggest a need for enhanced climate action strategies. China Banking Corporation's emissions data is not cascaded from any parent organization, indicating that the reported figures are solely from their own operations. The bank's commitment to addressing climate change remains a critical aspect of its corporate responsibility, and further transparency in emissions reporting could strengthen its sustainability profile.
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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.
