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 29 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 were about 816,700 kg CO2e, while Scope 2 emissions totalled approximately 305,170 kg CO2e. The majority of their emissions stemmed from Scope 3, which accounted for about 24,239,680 kg CO2e, primarily from purchased goods and services. In 2021, the bank's total emissions were approximately 21,749,810 kg CO2e, indicating a significant increase in emissions over the two years. The breakdown for 2021 included about 732,740 kg CO2e in Scope 1 and approximately 21,017,070 kg CO2e in Scope 2 emissions. Despite the increase in emissions, Chongqing Rural Commercial Bank Co has not publicly disclosed any specific reduction targets or initiatives aimed at mitigating their carbon footprint. The absence of documented climate pledges or science-based targets suggests a need for enhanced commitment to climate action within the banking sector.
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| 2021 | 2023 | |
|---|---|---|
| Scope 1 | 732,740 | 000,000 |
| Scope 2 | 21,017,070 | 000,000 |
| Scope 3 | 251,620 | 00,000,000 |
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 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.
