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.
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.
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.
china huarong asset management co. ltd's score of 27 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2022, China Huarong Asset Management Co., Ltd. reported total carbon emissions of approximately 13,018,550 kg CO2e, with Scope 1 emissions accounting for about 13,015,450 kg CO2e and Scope 2 emissions contributing approximately 3,100 kg CO2e. The company has not disclosed any data related to Scope 3 emissions. Despite the significant emissions figures, there are currently no publicly stated reduction targets or initiatives aimed at decreasing their carbon footprint. This lack of specific climate commitments may reflect broader industry trends, where financial institutions are increasingly scrutinised for their environmental impact but may not yet have established comprehensive reduction strategies. As the company continues to operate within the global financial sector, it is essential for China Huarong Asset Management to consider developing and communicating clear climate commitments to align with industry standards and stakeholder expectations.
Access structured emissions data, company-specific emission factors, and source documents
2022 | |
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Scope 1 | 13,015,450 |
Scope 2 | 3,100 |
Scope 3 | - |
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 huarong asset management co. ltd is not participating in any of the initiatives that 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.