Chongqing Rural Commercial Bank Co Sustainability Profile
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 51% 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 2024, Chongqing Rural Commercial Bank Co. reported total emissions of approximately 20.3 million kg CO2e, comprising 790,600 kg CO2e from Scope 1 and 19,554,760 kg CO2e from Scope 2 emissions. For 2023, the bank's emissions were approximately 24.0 million kg CO2e, with Scope 1 emissions at 816,700 kg CO2e and Scope 2 emissions at 23,962,850 kg CO2e. The bank has set ambitious climate commitments, aiming for a significant increase in green loans, targeting a balance of 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 addressing both Scope 1 and Scope 2 emissions. Chongqing Rural Commercial Bank Co. has not disclosed any Scope 3 emissions data, indicating a focus on direct and indirect emissions from their operations and energy use. The bank's commitment to sustainability is reflected in their near-term targets, which align with their corporate social responsibility goals.
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| 2021 | 2024 | |
|---|---|---|
| Scope 1 | 732,740 | 000,000 |
| Scope 2 | 21,017,070 | 00,000,000 |
| Scope 3 | 251,620 | - |
How Carbon Intensive is Chongqing Rural Commercial Bank Co's Industry?
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Chongqing Rural Commercial Bank Co's Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 1% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" representing nearly all of their reported Scope 3 footprint.
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Chongqing Rural Commercial Bank Co'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.
Chongqing Rural Commercial Bank Co 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.
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