China Minsheng Banking Corporation, commonly referred to as Minsheng Bank, is a prominent financial institution headquartered in Beijing, China. Established in 1996, it has rapidly evolved within the financial intermediation services sector, specifically focusing on services excluding insurance and pension funding.
Minsheng Bank operates extensively across major regions in China, offering a diverse range of products and services, including corporate banking, personal banking, and wealth management. Its unique approach to customer service and innovation has positioned it as a leader in the industry.
With a commitment to supporting small and medium-sized enterprises, Minsheng Bank has achieved significant milestones, including being one of the first privately-owned banks in China. Its market position is underscored by a strong reputation for reliability and customer-centric solutions, making it a key player in the Chinese banking landscape.
-1 vs industry average
China Minsheng Banking’s score of 34 is lower than 49% 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
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
China Minsheng Banking's reported carbon emissions
China Minsheng Banking, headquartered in CN and operating in financial intermediation services, has reported its carbon emissions for several years. In 2023, the bank's total emissions were approximately 8.08 billion kg CO2e. This comprised about 7.64 million kg CO2e for Scope 1 and approximately 58.33 million kg CO2e for Scope 2. For Scope 1 and 2 combined, emissions stood at roughly 65.97 million kg CO2e. The previous year, 2022, saw total emissions of approximately 84.33 million kg CO2e, with Scope 1 emissions around 7.87 million kg CO2e and Scope 2 emissions at approximately 76.46 million kg CO2e. In 2021, total emissions were about 82.12 million kg CO2e, consisting of approximately 8.35 million kg CO2e for Scope 1 and around 73.75 million kg CO2e for Scope 2. Emissions for 2019 were approximately 87.36 million kg CO2e (Scope 1 and 2 combined), and in 2018, Scope 1 and 2 emissions totalled around 75.37 million kg CO2e. In 2017, the bank's Scope 1 and 2 emissions were approximately 70.09 million kg CO2e. China Minsheng Banking has set climate commitments to reduce its environmental impact. The bank aims to bring its Scope 1 and Scope 2 emissions to near zero by the middle of this decade, targeting this reduction by 2025. Notably, the bank has not disclosed Scope 3 emissions data, specifically mentioning missing data points for purchased goods and services. Their reporting covers Scopes 1 and 2.
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China Minsheng Banking’s Climate Goals (2030 & 2050)
2 goals2025
The Bank aims to reduce its Scope 1 and 2 emissions to near…
The Bank aims to reduce its Scope 1 and 2 emissions to near zero by the middle of this decade.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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China Minsheng Banking
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