Public Profile

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.

29

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.

3

Industry Benchmark

Chongqing Rural Commercial Bank Co's score of 29 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.

83%

Chongqing Rural Commercial Bank Co's reported carbon emissions

In 2023, Chongqing Rural Commercial Bank Co reported total carbon emissions of approximately 24,962,850 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions amounted to about 816,700 kg CO2e, while Scope 2 emissions were approximately 305,170 kg CO2e. The majority of their emissions, approximately 24,239,850 kg CO2e, fell under Scope 3, which includes emissions from purchased goods and services, among other categories. In comparison, the bank's 2021 emissions data indicated a total of about 21,749,810 kg CO2e, with Scope 1 emissions at approximately 732,740 kg CO2e and Scope 2 emissions at about 21,017,070 kg CO2e. This reflects a significant increase in total emissions over the two years, particularly in Scope 3 emissions. Chongqing Rural Commercial Bank Co has not publicly disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction strategies suggests a need for further engagement in climate action and sustainability practices within the banking sector.

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20212023
Scope 1
732,740
000,000
Scope 2
21,017,070
000,000
Scope 3
251,620
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Chongqing Rural Commercial Bank Co's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Chongqing Rural Commercial Bank Co is headquartered in CN, which we do not have grid emissions data for.

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 committed to any reduction initiatives 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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