CITIC Corporation Limited Sustainability Profile
CITIC Corporation Limited, often referred to as CITIC, is a prominent Chinese conglomerate headquartered in Beijing, China. Established in 1979, CITIC has evolved into a leading player in various sectors, including finance, resources, manufacturing, and infrastructure. The company operates extensively across Asia, Europe, and the Americas, showcasing its global reach and influence. CITIC's core offerings encompass investment banking, asset management, and industrial operations, distinguished by their commitment to innovation and sustainability. With a strong market position, CITIC has achieved significant milestones, including its listing on the Hong Kong Stock Exchange, which has bolstered its financial standing. Recognised for its strategic investments and robust portfolio, CITIC continues to shape the landscape of international business, making it a key player in the global economy.
DitchCarbon Score
How does CITIC Corporation Limited'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 Telecommunications Services 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
CITIC Corporation Limited's score of 33 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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CITIC Corporation Limited's reported carbon emissions
In 2024, CITIC Corporation Limited reported total carbon emissions of approximately 1,602,540 kg CO2e, comprising 135,230 kg CO2e from Scope 1 emissions (stationary combustion) and 1,467,300 kg CO2e from Scope 2 emissions (purchased electricity). This marks a slight increase from 2023, where total emissions were about 1,541,290 kg CO2e, with Scope 1 emissions at 118,400 kg CO2e and Scope 2 emissions at 1,422,890 kg CO2e. In 2022, CITIC's emissions were significantly higher, with total emissions reaching approximately 3,671,676,090 kg CO2e, which included 227,090 kg CO2e from Scope 1, 501,367,580 kg CO2e from Scope 2, and a substantial 3,667,609,090 kg CO2e from Scope 3 emissions. The Scope 3 emissions were primarily driven by purchased goods and services, which accounted for about 1,969,568,300 kg CO2e. CITIC Corporation Limited has not set specific reduction targets or initiatives as part of its climate commitments, and there are no reported SBTi (Science Based Targets initiative) targets. The company operates as a current subsidiary, and its emissions data is cascaded from its parent organization, CITIC Corporation Limited, reflecting its corporate family relationship. Overall, while CITIC Corporation Limited has made strides in reporting its emissions, the absence of defined reduction targets indicates a need for further commitment to climate action.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 227,090,910 | 000,000 | 000,000 |
| Scope 2 | 501,367,580 | 0,000,000 | 0,000,000 |
| Scope 3 | 3,671,676,090 | - | - |
How Carbon Intensive is CITIC Corporation Limited's Industry?
How Carbon Intensive is CITIC Corporation Limited's Location?
CITIC Corporation Limited's Scope 3 Categories Breakdown
The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 54% of Scope 3 emissions.
Top Scope 3 Categories
CITIC Corporation Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
CITIC Corporation Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
