China Minsheng Banking Sustainability Profile
China Minsheng Banking Corporation (CMBC), commonly referred to as Minsheng Bank, is a prominent financial institution headquartered in Beijing, China. Established in 1996, it has rapidly evolved into a key player in the banking sector, primarily serving the needs of small and medium-sized enterprises (SMEs) across the nation. Operating extensively throughout major regions in China, Minsheng Bank offers a diverse range of financial services, including corporate banking, personal banking, and wealth management. Its unique focus on SMEs distinguishes it from other banks, fostering economic growth and innovation within this vital sector. With a commitment to customer-centric solutions, Minsheng Bank has achieved significant milestones, positioning itself as one of the largest commercial banks in China. Its dedication to enhancing financial accessibility and supporting entrepreneurship has earned it a reputable standing in the competitive banking landscape.
DitchCarbon Score
How does China Minsheng Banking'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 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 Minsheng Banking's score of 39 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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China Minsheng Banking's reported carbon emissions
In 2023, China Minsheng Banking reported total carbon emissions of approximately 8,075,300,000 kg CO2e. This figure includes Scope 1 emissions of about 7,641,340 kg CO2e and Scope 2 emissions of approximately 58,327,470 kg CO2e, resulting in combined Scope 1 and 2 emissions of about 65,968,810 kg CO2e. The bank has set ambitious targets to reduce its Scope 1 and 2 emissions to near zero by 2025, demonstrating a commitment to significant climate action. In 2022, the bank's emissions were slightly higher, with total emissions of about 84,327,290 kg CO2e, comprising 7,868,180 kg CO2e from Scope 1 and 76,459,120 kg CO2e from Scope 2. This indicates a slight reduction in emissions in 2023 compared to the previous year. China Minsheng Banking has not disclosed any Scope 3 emissions data, which is often a critical component of a comprehensive emissions profile. However, the bank's focus on reducing its direct and indirect emissions reflects a growing trend in the banking sector towards sustainability and climate responsibility. The bank's initiatives are not cascaded from any parent organization, indicating an independent approach to its climate commitments.
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| 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 9,517,880 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 60,576,080 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - |
How Carbon Intensive is China Minsheng Banking's Industry?
How Carbon Intensive is China Minsheng Banking's Location?
China Minsheng Banking's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
China Minsheng Banking has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
