CITIC Group Corporation
CITIC Group Corporation, often referred to simply as CITIC, is a leading Chinese state-owned investment conglomerate headquartered in Beijing, China. Established in 1979, CITIC has evolved into a diversified enterprise with significant operations across various sectors, including finance, resources, manufacturing, and real estate. The company is renowned for its core services in investment and asset management, as well as its strategic involvement in infrastructure development and international trade. CITIC's unique approach combines extensive market knowledge with a commitment to sustainable development, positioning it as a key player in the global market. With a strong presence in Asia, Europe, and the Americas, CITIC has achieved notable milestones, including its listing on the Hong Kong Stock Exchange. Its robust portfolio and strategic partnerships underscore its reputation as a formidable force in the investment landscape.
DitchCarbon Score
How does CITIC Group Corporation'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 Business 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 Group Corporation's score of 27 is higher than 70% 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 Group Corporation's reported carbon emissions
In 2022, CITIC Group Corporation reported total carbon emissions of approximately 13,015,450 kg CO2e from Scope 1 and 13,015,450 kg CO2e from Scope 2, indicating a significant energy consumption footprint. The company has not disclosed any Scope 3 emissions data. Currently, there are no specific reduction targets or climate pledges outlined by CITIC Group, which suggests a need for further commitment to climate action. The absence of defined reduction initiatives may reflect broader industry challenges in addressing carbon emissions effectively. CITIC Group's emissions data highlights the importance of developing comprehensive strategies to mitigate climate impact and align with global sustainability goals.
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| 2022 | |
|---|---|
| Scope 1 | 13,015,450 |
| Scope 2 | 13,015,450 |
| Scope 3 | - |
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.
CITIC Group Corporation is not participating in any of the initiatives that 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.
