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 63% 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 4,498,000 kg CO2e, comprising 22,100,000 kg CO2e from Scope 1 and 427,700,000 kg CO2e from Scope 2, alongside 3,006,800,000 kg CO2e from Scope 3 emissions. This reflects a significant commitment to transparency in their emissions reporting. In 2022, the bank's emissions were approximately 441,000,000 kg CO2e, with Scope 1 emissions at 16,600,000 kg CO2e and Scope 2 at 424,400,000 kg CO2e, while Scope 3 emissions reached about 2,796,300,000 kg CO2e. The previous year, 2021, saw total emissions of around 407,600,000 kg CO2e, with Scope 1 at 16,100,000 kg CO2e and Scope 2 at 391,500,000 kg CO2e, alongside 2,715,000,000 kg CO2e from Scope 3. Despite the substantial emissions figures, there are currently no publicly disclosed reduction targets or initiatives from China Merchants Bank, indicating a potential area for future commitment in line with global climate action standards. The bank's emissions data highlights the importance of ongoing efforts to address climate change within the financial sector.
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| 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.
