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 66% 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. The bank's emissions have shown a significant increase from previous years, with 2022 emissions recorded 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 441,000,000 kg CO2e, with Scope 1 emissions at 16,100,000 kg CO2e and Scope 2 at 391,500,000 kg CO2e. The data indicates a trend of increasing emissions over the years, with 2020 emissions at about 9,600,000 kg CO2e, including 1,400,000 kg CO2e from Scope 1 and 8,200,000 kg CO2e from Scope 2. Despite the rising emissions, there are no specific reduction targets or climate pledges disclosed by China Merchants Bank. The bank's commitment to addressing climate change remains unclear, as it has not established any formal reduction initiatives or targets in line with industry standards. This lack of defined climate commitments may impact its reputation and operational sustainability in an increasingly eco-conscious market.
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Access structured emissions data, company-specific emission factors, and source documents
Get Started| 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.
