China Zheshang Bank Sustainability Profile
China Zheshang Bank, headquartered in Hangzhou, CN, is a prominent player in the Chinese banking sector, established in 2004. With a strong presence in major operational regions across Zhejiang, Shanghai, and Beijing, the bank has rapidly expanded its services to cater to both individual and corporate clients. Specialising in commercial banking, China Zheshang Bank offers a diverse range of products, including personal loans, corporate financing, and wealth management services. Its commitment to innovation and customer-centric solutions sets it apart in a competitive market. Recognised for its robust financial performance, the bank has achieved significant milestones, including rapid asset growth and a strong capital base. As a key player in the industry, China Zheshang Bank continues to enhance its market position through strategic initiatives and a focus on sustainable development.
DitchCarbon Score
How does China Zheshang 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 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 Zheshang Bank's score of 34 is higher than 55% 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 Zheshang Bank's reported carbon emissions
In 2024, China Zheshang Bank reported total carbon emissions of approximately 56,321,260 kg CO2e, comprising about 3,463,800 kg CO2e from Scope 1 and about 52,857,460 kg CO2e from Scope 2 emissions. This represents a slight decrease from 2023, where total emissions were about 56,412,700 kg CO2e, with Scope 1 emissions at approximately 3,586,640 kg CO2e and Scope 2 emissions at about 52,826,060 kg CO2e. The bank has not disclosed any Scope 3 emissions data, indicating a focus primarily on direct and indirect emissions from its operations. Notably, there are no specific reduction targets or climate pledges outlined in their current commitments, suggesting that while emissions data is reported, formalised reduction initiatives may not yet be established. China Zheshang Bank's emissions data is not cascaded from a parent company, and all figures are reported directly by the bank itself. The bank's commitment to transparency in emissions reporting aligns with industry standards, although further commitments to reduction targets would enhance its climate strategy.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 324,270 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 19,248,640 | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 0,000,000.0 | - | - | - |
How Carbon Intensive is China Zheshang Bank's Industry?
How Carbon Intensive is China Zheshang Bank's Location?
China Zheshang Bank's Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 11% of total emissions under the GHG Protocol, with "Waste Generated in Operations" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
China Zheshang Bank'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 Zheshang Bank 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.
