Chongqing Rural Commercial Bank Co
Chongqing Rural Commercial Bank Co., Ltd. (often referred to as CQRCB) is a prominent financial institution headquartered in Chongqing, China. Established in 2001, the bank has rapidly evolved to serve a diverse clientele across various regions, primarily focusing on rural and urban areas within the municipality and surrounding provinces. Operating within the banking industry, CQRCB offers a comprehensive range of services, including personal banking, corporate finance, and agricultural loans. Its unique approach to rural finance distinguishes it from competitors, fostering economic growth in underserved communities. With a commitment to innovation, the bank has achieved significant milestones, positioning itself as a key player in the regional market. CQRCB's dedication to customer service and community development has earned it a reputable standing in the financial sector.
DitchCarbon Score
How does Chongqing Rural Commercial Bank Co'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
Chongqing Rural Commercial Bank Co's score of 31 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Chongqing Rural Commercial Bank Co's reported carbon emissions
In 2023, Chongqing Rural Commercial Bank Co., Ltd. reported total carbon emissions of approximately 24,000,550 kg CO2e, comprising 816,700 kg CO2e from Scope 1 and 23,962,850 kg CO2e from Scope 2 emissions. The bank has not disclosed any Scope 3 emissions data for this year. In 2021, the bank's emissions were approximately 21,749,810 kg CO2e, with Scope 1 emissions at 732,740 kg CO2e, Scope 2 emissions at 21,017,070 kg CO2e, and Scope 3 emissions at 251,620 kg CO2e. This indicates a significant increase in emissions from 2021 to 2023. Chongqing Rural Commercial Bank has set ambitious near-term climate commitments, aiming to achieve a balance of green loans reaching RMB 78 billion by the end of 2025. This initiative is part of their broader strategy to enhance green finance and reduce their carbon footprint, specifically targeting both Scope 1 and Scope 2 emissions. The bank's emissions data is not cascaded from any parent organization, indicating that it operates independently in its reporting and climate initiatives.
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| 2021 | |
|---|---|
| Scope 1 | 732,740 |
| Scope 2 | 21,017,070 |
| Scope 3 | 251,620 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Chongqing Rural Commercial Bank Co is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
