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 30 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
China Merchants Bank's reported carbon emissions
In 2023, China Merchants Bank reported total carbon emissions of approximately 449,800,000 kg CO2e, comprising 22,100,000 kg CO2e from Scope 1 and 427,700,000 kg CO2e from Scope 2 emissions. The bank's emissions have shown a significant increase from previous years, with 2022 emissions at about 258,000,000 kg CO2e, which included 10,200,000 kg CO2e from Scope 1 and 247,800,000 kg CO2e from Scope 2. In 2021, the bank's emissions were approximately 242,900,000 kg CO2e, with Scope 1 emissions at 10,000,000 kg CO2e and Scope 2 at 233,000,000 kg CO2e. The trend indicates a growing carbon footprint, particularly in Scope 2 emissions, which are primarily associated with the energy consumption of the bank's operations. Despite the increase in emissions, there are no disclosed reduction targets or specific climate pledges from China Merchants Bank, indicating a potential area for improvement in their climate commitments. The bank's emissions data reflects its operational impact, and further initiatives may be necessary to align with global climate goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 16,100,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 391,500,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 2,715,000,000 | 0,000,000,000 | 0,000,000,000 |
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 committed to any reduction initiatives 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.
