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Chongqing Rural Commercial Bank Co
Financial IntermediationChinaPNK: CRCBY
Last verified 10 months agocqrcb.com
Chongqing Rural Commercial Bank Co. Ltd., often known as Chongqing Rural Commercial Bank, is a prominent financial institution headquartered in Chongqing, China. Established on 25 June 2008, it provides comprehensive financial intermediation services, including corporate and retail banking solutions, to communities across the region.
A key milestone for Chongqing Rural Commercial Bank was its listing on the Hong Kong Stock Exchange in December 2010, making it the first rural commercial bank in China to achieve this. It further expanded its market presence with a listing on the Shanghai Stock Exchange in August 2019.
With an extensive network of over 1,700 service outlets, the Bank offers a broad array of financial solutions, from deposits and loans to wealth management. This strong local presence and commitment to serving diverse financial needs underscore its vital role in regional economic development.
32
DitchCarbon score
-5 vs industry average
Chongqing Rural Commercial Bank Co’s score of 32 is lower than 46% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Medium
Financial Intermediation has typical carbon intensity
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Chongqing Rural Commercial Bank Co's reported carbon emissions
Chongqing Rural Commercial Bank Co. reported its Scope 1 emissions at 790,600 kg CO2e and Scope 2 emissions at 19,554,760 kg CO2e in 2024.
As a financial intermediation services company based in CN, Chongqing Rural Commercial Bank Co. has set climate commitments focused on green finance. The bank aims to increase the balance of its green loans to RMB 78 billion by the end of 2025, outlining a clear implementation path for its green finance development blueprint. This target addresses both Scope 1 and Scope 2 emissions indirectly by promoting sustainable financial practices.
In 2021, the bank reported Scope 1 emissions of 732,740 kg CO2e, Scope 2 emissions of 21,017,070 kg CO2e, and Scope 3 emissions (specifically from fuel and energy-related activities) of 251,620 kg CO2e.
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Chongqing Rural Commercial Bank Co’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Chongqing Rural Commercial Bank Co10 months ago
32
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