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 50% 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 carbon emissions of approximately 20,345,370 kg CO2e, comprising 790,600 kg CO2e from Scope 1 and 19,554,760 kg CO2e from Scope 2 emissions. In the previous year, 2023, the bank's emissions were about 24,962,850 kg CO2e from Scope 2 and 816,700 kg CO2e from Scope 1, indicating a commitment to monitoring and managing its carbon footprint. The bank has set ambitious near-term climate commitments, aiming for a significant increase in its green loan balance to reach RMB 78 billion by the end of 2025. This initiative is part of a broader strategy to enhance its green finance development blueprint, targeting both Scope 1 and Scope 2 emissions. Chongqing Rural Commercial Bank Co. does not currently report Scope 3 emissions, which are often significant in the financial sector. The bank's emissions data is self-reported and does not cascade from a parent organization, ensuring that its climate commitments are independently established.
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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.
