China Citic Bank
China CITIC Bank Corporation Limited, commonly known as China CITIC Bank, is a prominent financial institution headquartered in Hong Kong. Established in 1987, the bank has grown to become a key player in the banking industry, primarily serving the Asia-Pacific region with a strong presence in mainland China. Specialising in corporate banking, personal banking, and wealth management, China CITIC Bank offers a diverse range of products and services, including loans, deposits, and investment solutions. Its commitment to innovation and customer service distinguishes it from competitors, making it a preferred choice for both individual and corporate clients. With a robust market position, China CITIC Bank has achieved significant milestones, including recognition for its financial stability and growth. The bank continues to expand its influence, contributing to the evolving landscape of the global banking sector.
DitchCarbon Score
How does China Citic Bank'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 Citic Bank's score of 28 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
China Citic Bank's reported carbon emissions
In 2023, China Citic Bank reported total carbon emissions of approximately 152,909,410 kg CO2e. This figure includes about 56,480 kg CO2e from Scope 1 emissions and approximately 3,107,180 kg CO2e from Scope 2 emissions, primarily from purchased electricity. Over the years, the bank has shown a trend of fluctuating emissions. In 2022, emissions were about 158,529,100 kg CO2e, with Scope 1 emissions at approximately 45,120 kg CO2e and Scope 2 emissions at around 3,488,540 kg CO2e. In 2021, total emissions were reported at about 164,345,100 kg CO2e, with Scope 1 emissions of approximately 6,668,930 kg CO2e and Scope 2 emissions of about 157,676,170 kg CO2e. Despite these figures, China Citic Bank has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The bank's emissions data reflects its operational impact, but without defined goals, its long-term climate strategy remains unclear. Overall, while China Citic Bank has made strides in tracking its emissions, further commitments and reduction strategies would enhance its climate responsibility and align with global sustainability efforts.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2017 | 2018 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 7,350,590 | 0,000,000 | 0,000,000 | 00,000 | 00,000 |
| Scope 2 | 188,521,200 | 000,000,000 | 000,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
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.
China Citic Bank is not committed to any reduction initiatives 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.
