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 32 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
China Merchants Bank's reported carbon emissions
In 2023, China Merchants Bank reported total carbon emissions of approximately 3,006,800,000 kg CO2e, comprising 22,100,000 kg CO2e from Scope 1, 427,700,000 kg CO2e from Scope 2, and a significant 3,006,800,000 kg CO2e from Scope 3 emissions. For 2022, the bank's emissions were about 441,000,000 kg CO2e globally, with 16,600,000 kg CO2e from Scope 1 and 424,400,000 kg CO2e from Scope 2, alongside 2,796,300,000 kg CO2e from Scope 3. Looking ahead, China Merchants Bank has set ambitious reduction targets for 2025. The bank 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. These commitments reflect the bank's proactive approach to mitigating its carbon footprint and addressing climate change.
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 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.
