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 lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, China Huarong Asset Management Co., Ltd. reported total emissions of approximately 10,425,620 kg CO2e, a decrease from about 13,015,450 kg CO2e in 2022. This reflects a significant reduction in emissions from the previous year. The emissions reported encompass Scope 1 and 2, indicating direct and indirect emissions from energy consumption. 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 specified any initiatives aimed at further reducing its carbon footprint. The emissions data is not cascaded from any parent organization, and all figures are derived directly from China Huarong Asset Management Co., Ltd. As the company continues to navigate its climate impact, further transparency and commitment to reduction targets may enhance its sustainability profile in the financial services sector.
Access structured emissions data, company-specific emission factors, and source documents
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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.