China CITIC Bank Corporation Limited Sustainability Profile
China CITIC Bank Corporation Limited, often referred to as CITIC Bank, is a prominent financial institution headquartered in Beijing, China. Established in 1987, the bank has grown to become a key player in the banking industry, offering a wide range of services including corporate banking, personal banking, and wealth management. With a strong presence in major operational regions across China and a growing international footprint, CITIC Bank is recognised for its innovative financial products and customer-centric approach. The bank's core offerings, such as retail loans, credit cards, and investment services, are designed to meet the diverse needs of its clientele. CITIC Bank has achieved significant milestones, including its listing on the Hong Kong Stock Exchange in 2007, solidifying its market position as one of China's leading commercial banks. Its commitment to excellence and adaptability in a dynamic financial landscape continues to drive its success.
DitchCarbon Score
How does China CITIC Bank Corporation Limited'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 Corporation Limited's score of 43 is higher than 63% 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 CITIC Bank Corporation Limited's reported carbon emissions
In 2024, China CITIC Bank Corporation Limited reported total carbon emissions of approximately 213,832,950 kg CO2e, comprising 6,777,720 kg CO2e from Scope 1, 207,055,230 kg CO2e from Scope 2, and 22,080,600 kg CO2e from Scope 3 emissions. The Scope 3 emissions included significant contributions from business travel (17,479,870 kg CO2e) and purchased goods and services (4,600,730 kg CO2e). In 2023, the bank's emissions were slightly lower, with a total of about 203,052,990 kg CO2e, including 7,706,450 kg CO2e from Scope 1 and 195,346,540 kg CO2e from Scope 2. Notably, the bank has not set any specific reduction targets or initiatives as part of its climate commitments, nor does it participate in the Science Based Targets initiative (SBTi). The emissions data for 2022 also reflected a similar trend, with total emissions of approximately 192,733,900 kg CO2e, including 7,919,260 kg CO2e from Scope 1 and 184,814,640 kg CO2e from Scope 2, alongside the same Scope 3 figures as in 2024. Overall, while China CITIC Bank Corporation Limited has disclosed comprehensive emissions data across multiple scopes, it currently lacks defined reduction targets or commitments to significant climate initiatives.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 5,939,020 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | - | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 142,216,790 | 000,000,000 | 00,000,000 | - | 00,000,000 |
How Carbon Intensive is China CITIC Bank Corporation Limited's Industry?
How Carbon Intensive is China CITIC Bank Corporation Limited's Location?
China CITIC Bank Corporation Limited's Scope 3 Categories Breakdown
China CITIC Bank Corporation Limited's Scope 3 emissions, which increased by 0% last year and decreased by approximately 84% since 2020, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 9% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 79% of Scope 3 emissions.
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China CITIC Bank Corporation Limited'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 CITIC Bank Corporation Limited 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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