China Merchants Bank

China Merchants Bank, headquartered in CN and operating in the Services auxiliary to financial intermediation industry, has reported its carbon emissions and set specific climate commitments.

In 2025, China Merchants Bank's Scope 1 emissions were approximately 3.12 million kg CO2e, Scope 2 emissions were about 48.35 million kg CO2e, and Scope 3 emissions were around 376.39 million kg CO2e. The total reported emissions for 2025 (Scopes 1, 2, and 3) amounted to approximately 427.86 million kg CO2e. This follows 2024, where Scope 1 emissions were approximately 5.33 million kg CO2e, Scope 2 emissions were about 46.59 million kg CO2e, and Scope 3 emissions were around 280.06 million kg CO2e, with a total of approximately 331.98 million kg CO2e. In 2023, Scope 1 emissions were roughly 2.93 million kg CO2e, Scope 2 emissions were about 47.43 million kg CO2e, and Scope 3 emissions were approximately 273.71 million kg CO2e, with a total of around 324.07 million kg CO2e.

Looking back, in 2022, China Merchants Bank's Scope 1 emissions were approximately 23.1 million kg CO2e, Scope 2 emissions were about 455 million kg CO2e, and Scope 3 emissions were around 2.46 billion kg CO2e, resulting in a total of approximately 2.94 billion kg CO2e. For 2021, the bank reported Scope 1 emissions of approximately 10 million kg CO2e and Scope 2 emissions of about 233 million kg CO2e, with no Scope 3 data available. In 2020, Scope 1 emissions were approximately 1.4 million kg CO2e and Scope 2 emissions were about 8.2 million kg CO2e, also with no Scope 3 data.

China Merchants Bank has set near-term absolute reduction targets. By 2025, the bank aims to decrease Scope 1 fixed emission source carbon emissions by 20% compared to 2023. Additionally, by 2025, Scope 2 purchased electricity carbon emissions are targeted to decrease by 4% compared to 2023.