China International Capital Corporation (CICC) is a leading investment banking firm headquartered in Beijing, China. Established in 1995, CICC has grown to become a prominent player in the financial services industry, with a strong presence in major operational regions including Hong Kong and New York. Specialising in investment banking, asset management, and securities services, CICC offers a unique blend of local expertise and international reach. The firm is renowned for its comprehensive range of services, including equity and debt underwriting, mergers and acquisitions, and wealth management solutions. CICC's commitment to innovation and client-centric strategies has positioned it as a trusted advisor in the market, achieving notable milestones such as being the first joint venture investment bank in China. With a robust reputation and a diverse portfolio, CICC continues to lead the way in shaping the future of finance in Asia and beyond.
How does China International Capital'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 International Capital's score of 32 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, China International Capital Corporation (CICC) reported total carbon emissions of approximately 32,334,000 kg CO2e. This figure includes Scope 1 emissions of about 69,000 kg CO2e, Scope 2 emissions of approximately 19,971,000 kg CO2e, and Scope 3 emissions of around 12,293,000 kg CO2e. Comparatively, in 2022, CICC's total emissions were about 19,187,000 kg CO2e, with Scope 1 at 84,000 kg CO2e, Scope 2 at 14,628,000 kg CO2e, and Scope 3 at 4,475,000 kg CO2e. This indicates a significant increase in emissions from 2022 to 2023. In 2021, the company reported total emissions of approximately 20,561,000 kg CO2e, with Scope 1 emissions of about 118,000 kg CO2e, Scope 2 emissions of around 12,511,000 kg CO2e, and Scope 3 emissions of approximately 7,932,000 kg CO2e. Despite these figures, CICC has not established specific reduction targets or climate pledges, nor does it appear to have cascaded any targets from parent or related organisations. The absence of documented reduction initiatives suggests that CICC may need to enhance its climate commitments to align with industry standards and expectations.
Access structured emissions data, company-specific emission factors, and source documents
2021 | 2022 | 2023 | |
---|---|---|---|
Scope 1 | 118,000 | 00,000 | 00,000 |
Scope 2 | 12,511,000 | 00,000,000 | 00,000,000 |
Scope 3 | 7,932,000 | 0,000,000 | 00,000,000 |
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 International Capital 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.