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 28 is higher than 54% 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. The bank has set long-term climate commitments, aiming to achieve a balance of RMB 78 billion in green loans by the end of 2025. This initiative is part of their broader green finance development blueprint, which is expected to contribute to their net-zero goals for both Scope 1 and Scope 2 emissions. In 2021, the bank's emissions were reported at approximately 21,749,810 kg CO2e, with Scope 1 emissions at 732,740 kg CO2e and Scope 2 emissions at 21,017,070 kg CO2e, alongside 251,620 kg CO2e from Scope 3 emissions related to fuel and energy activities. This indicates a significant increase in emissions in 2023 compared to 2021, highlighting the need for effective climate strategies. Chongqing Rural Commercial Bank's climate commitments reflect a growing recognition of the importance of sustainable finance in mitigating climate change impacts.
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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.
