China Merchants Bank
China Merchants Bank (CMB), headquartered in Shenzhen, China, is a leading commercial bank in the Asia-Pacific region. Established in 1987, CMB has grown significantly, becoming a key player in the banking industry with a focus on retail banking, corporate banking, and wealth management services. The bank is renowned for its innovative financial products, including personal loans, credit cards, and investment services, which cater to a diverse clientele. CMB's commitment to digital banking solutions sets it apart, enhancing customer experience and operational efficiency. With a strong market position, CMB has received numerous accolades for its financial performance and customer service, solidifying its reputation as a trusted financial institution in China and beyond.
DitchCarbon Score
How does China Merchants Bank'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 Merchants Bank's score of 20 is lower than 84% 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 Merchants Bank's reported carbon emissions
In 2022, China Merchants Bank (CMB) reported total carbon emissions of approximately 258,000,000 kg CO2e, comprising 10,200,000 kg CO2e from Scope 1 and 247,800,000 kg CO2e from Scope 2. The bank's emissions intensity for Scope 1 and 2 was about 3,590 kg CO2e per employee. For 2023, CMB's emissions intensity improved to approximately 3,660 kg CO2e per employee, indicating a commitment to reducing its carbon footprint. Looking ahead, CMB has set ambitious reduction targets: by 2025, it aims to decrease Scope 1 fixed emission source carbon emissions by 20% compared to 2023 levels and reduce Scope 2 purchased electricity carbon emissions by 4% over the same period. CMB's climate commitments reflect a proactive approach to sustainability, aligning with industry standards and demonstrating accountability in its operations. The bank's emissions data is sourced directly from China Merchants Bank Co., Ltd., with no cascaded data from parent or related organizations.
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 Merchants Bank 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.
