china huarong asset management co. ltd Sustainability Profile
China Huarong Asset Management Co., Ltd., commonly referred to as Huarong, is a leading financial services firm headquartered in Beijing, China. Established in 1999, the company has played a pivotal role in the asset management industry, focusing on distressed asset management, investment, and financial services. With a strong presence across major operational regions in China and expanding internationally, Huarong has built a reputation for its innovative approach to asset recovery and management. The firm offers a diverse range of services, including asset management, investment banking, and financial advisory, distinguished by its robust risk management strategies and extensive market knowledge. Huarong's notable achievements include its significant contributions to the restructuring of non-performing loans in China, positioning it as a key player in the financial sector. As a state-owned enterprise, Huarong continues to enhance its market position through strategic partnerships and a commitment to sustainable growth.
DitchCarbon Score
How does china huarong asset management 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 Services Auxiliary to 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 huarong asset management co. ltd's score of 27 is lower than 58% 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 huarong asset management co. ltd's reported carbon emissions
In 2023, China Huarong Asset Management Co., Ltd. reported total carbon emissions of approximately 10,425,620 kg CO2e, a reduction from about 13,015,450 kg CO2e in 2022. This indicates a significant decrease in emissions, reflecting the company's commitment to improving its environmental performance. The emissions reported are classified under Scope 1 and 2, which encompass direct emissions from owned or controlled sources and indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Despite these reductions, there are currently no publicly disclosed reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The company has not cascaded any emissions data from a parent organization, and all reported figures are derived directly from its own disclosures. The emissions data from previous years shows a notable decline from about 29,179,240 kg CO2e in 2019, highlighting a positive trend in emissions management. However, further details on specific initiatives or long-term climate strategies remain unspecified.
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| 2019 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | - | - | - |
| Scope 2 | - | - | - |
| Scope 3 | - | - | - |
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china huarong asset management co. ltd'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 huarong asset management co. ltd 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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