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.
-3 vs industry average
Chongqing Rural Commercial Bank Co’s score of 32 is higher than 53% 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
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
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. Notably, there is no reported data for Scope 3 emissions for this year. The bank has set ambitious 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 strategy to enhance green finance and reduce their carbon footprint, specifically targeting reductions in both Scope 1 and Scope 2 emissions. In 2021, the bank's emissions were approximately 21.7 million kg CO2e, with Scope 1 emissions at 732,740 kg CO2e, Scope 2 at 21,017,070 kg CO2e, and Scope 3 emissions at 251,620 kg CO2e. This indicates a slight decrease in total emissions by 2024, reflecting their ongoing efforts towards sustainability. Chongqing Rural Commercial Bank Co. is committed to integrating environmental considerations into their operations, aligning with global climate action goals.
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Chongqing Rural Commercial Bank Co’s Climate Goals (2030 & 2050)
2 goals2025
The plan stipulates that, by the end of 2025, the balance of…
The plan stipulates that, by the end of 2025, the balance of the Bank's green loans shall reach RMB 78 billion, and puts forth the implement…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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