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China Merchants Bank
Services Auxiliary to Financial IntermediationChinaPNK: CIHKY
Last verified 7 months agocmbchina.com
China Merchants Bank (CMB), headquartered in China, is a leading financial services provider specialising in services auxiliary to financial intermediation. Established in 1987, the bank has grown to become one of the most prominent players in the Chinese banking sector, with a strong presence across major regions within China and expanding international operations.
CMB primarily offers a range of banking products and services, including retail banking, corporate banking, and wealth management, distinguished by innovative digital solutions and customer-centric approaches. Its commitment to technological advancement and service quality has helped it secure a notable market position, recognised for its stability and progressive strategies within the financial services industry.
53
DitchCarbon score
+16 vs industry average
China Merchants Bank’s score of 53 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Medium
Services Auxiliary to Financial Intermediation has typical carbon intensity
Industry performance
0.096
20182025
The Services Auxiliary to Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
China Merchants Bank's reported carbon emissions
China Merchants Bank, headquartered in CN, reported approximately 428.8 million kg CO2e in total carbon emissions for 2025. This includes about 3.1 million kg CO2e from Scope 1 emissions, approximately 48.4 million kg CO2e from Scope 2, and around 376.4 million kg CO2e from Scope 3 emissions.
For 2024, the bank's total emissions were approximately 331.9 million kg CO2e, comprising about 5.3 million kg CO2e from Scope 1, approximately 46.6 million kg CO2e from Scope 2, and around 280.1 million kg CO2e from Scope 3.
In 2023, China Merchants Bank reported total emissions of approximately 323.1 million kg CO2e, with Scope 1 emissions at about 2.9 million kg CO2e, Scope 2 at approximately 47.4 million kg CO2e, and Scope 3 at around 273.7 million kg CO2e.
Looking back to 2022, the total emissions were approximately 2.95 billion kg CO2e. This included about 23.1 million kg CO2e from Scope 1, approximately 455.0 million kg CO2e from Scope 2, and around 2.46 billion kg CO2e from Scope 3.
China Merchants Bank has set near-term reduction targets: a 20% decrease in Scope 1 fixed emission source carbon emissions by 2025 compared to 2023, and a 4% decrease in Scope 2 purchased electricity carbon emissions by 2025 compared to 2023. This data is directly from China Merchants Bank Co., Ltd.
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China Merchants Bank’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
8 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
China Merchants Bank7 months ago
53
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