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Chongqing Rural Commercial Bank Co
Financial IntermediationChinaPNK: CRCBY
Last verified 11 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. Carbon Emissions & Climate Commitments
In 2024, Chongqing Rural Commercial Bank Co. reported total Scope 1 emissions of 790,600 kg CO2e and Scope 2 emissions of 19,554,760 kg CO2e. This financial institution, based in CN, has demonstrated its commitment to climate action through specific reduction targets.
The bank aims to reach a balance of RMB 78 billion in green loans by the end of 2025, a target that encompasses both Scope 1 and Scope 2 emissions.
Looking back, in 2021, the bank's reported emissions included approximately 732,740 kg CO2e for Scope 1, 21,017,070 kg CO2e for Scope 2, and 251,620 kg CO2e for Scope 3 emissions related to fuel and energy activities. No emissions data was provided for 2023. The bank has not disclosed a comprehensive Scope 3 inventory for all categories.
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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 Co11 months ago
32
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