China UnionPay Co., Ltd. Sustainability Profile
China UnionPay Co., Ltd., commonly known as UnionPay, is a leading financial services corporation headquartered in China. Established in 2002, UnionPay has rapidly expanded its operations across Asia and beyond, becoming a significant player in the global payment industry. Specialising in card payment services, UnionPay offers a range of products including debit and credit cards, mobile payments, and online transaction solutions. Its unique acceptance network spans over 170 countries, making it one of the largest card schemes worldwide. With a commitment to innovation, UnionPay has achieved notable milestones, such as being the first card organisation to launch a mobile payment service in China. As a result, it holds a prominent market position, recognised for its secure and efficient payment solutions that cater to both consumers and businesses alike.
DitchCarbon Score
How does China UnionPay Co., Ltd.'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 Business Services 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 UnionPay Co., Ltd.'s score of 20 is lower than 84% 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 UnionPay Co., Ltd.'s reported carbon emissions
China UnionPay Co., Ltd., headquartered in CN, currently does not report any specific carbon emissions data, as there are no available figures for emissions in kg CO2e. Additionally, the company has not established any documented reduction targets or climate pledges. In the context of climate commitments, it is important to note that many organisations in the financial sector are increasingly focusing on sustainability and carbon neutrality. However, without specific data or initiatives from China UnionPay, it is unclear how they align with industry standards or global climate goals. As of now, there are no emissions data inherited from a parent or related organisation, nor are there any cascading targets from initiatives such as the Science Based Targets initiative (SBTi) or others. This lack of information highlights a potential area for improvement in transparency and commitment to climate action within the company.
How Carbon Intensive is China UnionPay Co., Ltd.'s Industry?
How Carbon Intensive is China UnionPay Co., Ltd.'s Location?
China UnionPay Co., Ltd.'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 UnionPay Co., Ltd. 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.
