Cib
CIB, or China Industrial Bank, is a prominent financial institution headquartered in China (CN). Established in 1988, CIB has grown to become a key player in the banking sector, with a strong presence in major operational regions across Asia and beyond. The bank primarily focuses on corporate banking, retail banking, and wealth management, offering a diverse range of financial products and services tailored to meet the needs of its clients. CIB is recognised for its innovative approach to digital banking and sustainable finance, positioning itself as a leader in the industry. With numerous accolades for its performance and customer service, CIB continues to enhance its market position, striving for excellence in delivering unique financial solutions.
DitchCarbon Score
How does Cib'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
Cib's score of 29 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Cib's reported carbon emissions
In 2023, Cib reported total carbon emissions of approximately 25,917,708 kg CO2e, comprising 11,844,840 kg CO2e from Scope 1 and 247,332,240 kg CO2e from Scope 2 emissions. This marks a significant increase in emissions compared to 2022, where total emissions were about 255,605,70 kg CO2e, with Scope 1 emissions at 9,879,720 kg CO2e and Scope 2 emissions at 245,680,850 kg CO2e. Cib has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction strategies suggests a need for enhanced climate commitments in line with industry standards. Overall, Cib's emissions profile highlights the importance of addressing both Scope 1 and Scope 2 emissions, while also considering the significant impact of Scope 3 emissions, which were reported at approximately 2,234,767,120 kg CO2e in 2022. As the company continues to navigate its climate responsibilities, establishing clear reduction targets will be crucial for aligning with global climate goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 1,804,560 | 0,000,000 | 00,000,000 |
| Scope 2 | 40,151,590 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 0,000,000,000 | - |
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.
Cib 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.
