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 25 is lower than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
CITIC Group Corporation's reported carbon emissions
In 2022, CITIC Group Corporation reported total carbon emissions of approximately 13,015,450 kg CO2e from both Scope 1 and Scope 2 sources. This figure reflects the company's direct emissions from owned or controlled sources (Scope 1) and indirect emissions from the generation of purchased electricity, steam, heating, and cooling (Scope 2), each contributing equally to the total emissions. Currently, CITIC Group has not disclosed any specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of defined climate commitments or science-based targets suggests that the company may be in the early stages of developing a comprehensive climate strategy. As the global focus on sustainability intensifies, it will be crucial for CITIC Group to establish clear goals to align with industry standards and expectations for climate action.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 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.
