Public Profile

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.

23

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.

30

Industry Benchmark

China Merchants Bank's score of 23 is lower than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.

15%

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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 has set ambitious reduction targets, aiming for a 20% decrease in Scope 1 emissions from fixed sources and a 4% reduction in Scope 2 emissions from purchased electricity by 2025, compared to 2023 levels. These commitments reflect CMB's proactive approach to mitigating climate impact and aligning with global sustainability standards. The bank's emissions intensity for Scope 1 and 2 was reported at 4,330 kg CO2e per employee in 2024, indicating a focus on improving operational efficiency while reducing greenhouse gas emissions.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. China Merchants Bank's primary industry is Services auxiliary to financial intermediation (67), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for China Merchants Bank is in CN, which we do not have grid emissions data for.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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