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 29 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
CITIC Group Corporation's reported carbon emissions
In 2022, CITIC Group Corporation reported total carbon emissions of approximately 4,000,000,000 kg CO2e, with emissions distributed across all three scopes. Specifically, Scope 1 emissions were about 227,090,910 kg CO2e, primarily from stationary combustion. Scope 2 emissions totalled approximately 501,367,580 kg CO2e, predominantly from purchased electricity (about 478,599,450 kg CO2e) and purchased steam (approximately 22,768,130 kg CO2e). The most significant contributor was Scope 3 emissions, which reached approximately 3,671,676,090 kg CO2e, with major sources including purchased goods and services (about 1,969,568,300 kg CO2e) and fuel and energy-related activities (approximately 1,871,760,200 kg CO2e). CITIC Group has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The company does not appear to have cascaded emissions data from a parent or related organization, indicating that all reported figures are directly from CITIC Group Corporation. The organisation's commitment to addressing climate change remains unspecified, and it has not engaged in initiatives such as the Science Based Targets initiative (SBTi) or similar climate pledges.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2022 | |
|---|---|
| Scope 1 | 227,090,910 |
| Scope 2 | 501,367,580 |
| Scope 3 | 3,671,676,090 |
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.
