China Guangfa Bank Co., Ltd.
China Guangfa Bank Co., Ltd. (CGB), headquartered in Guangzhou, China, is a prominent player in the banking industry, offering a wide range of financial services. Established in 1988, CGB has grown significantly, expanding its operations across major regions in China and establishing a strong presence in retail and corporate banking. CGB is renowned for its innovative financial products, including personal loans, wealth management services, and corporate financing solutions. The bank's commitment to customer-centric services and advanced digital banking platforms sets it apart in a competitive market. With a focus on sustainable growth, CGB has achieved notable milestones, positioning itself as a leading financial institution in China.
DitchCarbon Score
How does China Guangfa Bank Co., Ltd.'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 Guangfa Bank Co., Ltd.'s score of 28 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
China Guangfa Bank Co., Ltd.'s reported carbon emissions
In 2023, China Guangfa Bank Co., Ltd. reported total carbon emissions of approximately 17,883,180 kg CO2e. This figure includes about 2,550,930 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and approximately 15,332,250 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Additionally, the bank disclosed Scope 3 emissions, which totalled around 6,313,230 kg CO2e, encompassing all other indirect emissions that occur in the value chain. In the previous year, 2022, the bank's total emissions were about 17,506,670 kg CO2e, with Scope 1 emissions at approximately 2,684,020 kg CO2e and Scope 2 emissions at around 14,822,660 kg CO2e. This indicates a slight increase in total emissions from 2022 to 2023. Despite the increase in emissions, there are currently no publicly disclosed reduction targets or climate pledges from China Guangfa Bank. The bank's commitment to addressing climate change remains unclear, as it has not set specific reduction initiatives or targets in line with industry standards.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 2,684,020 | 0,000,000 |
| Scope 2 | 14,822,660 | 00,000,000 |
| Scope 3 | - | 0,000,000 |
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 Guangfa Bank Co., Ltd. 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.
