CITIC Securities Sustainability Profile
CITIC Securities Co., Ltd., a leading player in the financial services industry, is headquartered in Beijing, China. Founded in 1995, the firm has established itself as a prominent investment bank and securities company, offering a comprehensive range of services including brokerage, asset management, and investment banking. With a strong presence in major operational regions across China and expanding internationally, CITIC Securities has achieved significant milestones, such as being one of the first Chinese firms to list on the Hong Kong Stock Exchange. The company is renowned for its innovative financial products and services, which cater to a diverse clientele, from individual investors to large corporations. CITIC Securities holds a strong market position, consistently ranking among the top securities firms in China, and is recognised for its commitment to excellence and client-centric approach in the competitive financial landscape.
DitchCarbon Score
How does CITIC Securities'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
CITIC Securities's score of 33 is higher than 53% 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 Securities's reported carbon emissions
In 2023, CITIC Securities reported total carbon emissions of approximately 27,270,950 kg CO2e, comprising 1,063,250 kg CO2e from Scope 1 and 26,207,690 kg CO2e from Scope 2 emissions. This marks a reduction from 2022, where total emissions were about 32,997,630 kg CO2e, with Scope 1 emissions at 1,466,730 kg CO2e and Scope 2 emissions at 31,530,900 kg CO2e. Over the past few years, CITIC Securities has demonstrated a commitment to reducing its carbon footprint. In 2021, the company emitted approximately 27,593,650 kg CO2e, with Scope 1 emissions of 743,200 kg CO2e and Scope 2 emissions of 26,850,450 kg CO2e. The trend indicates a gradual decrease in emissions, particularly in Scope 2, which is significant given the company's operational scale. Despite these reductions, CITIC Securities has not set specific science-based targets (SBTi) or documented reduction initiatives, indicating a potential area for future commitment. The absence of Scope 3 emissions data suggests that the company may not yet be addressing emissions from its value chain, which is a critical component of comprehensive climate action. CITIC Securities operates within a broader industry context where financial institutions are increasingly held accountable for their environmental impact. As such, the company’s ongoing efforts to monitor and reduce its emissions will be essential in aligning with global climate goals and enhancing its sustainability profile.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 667,350 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 22,963,300 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - |
How Carbon Intensive is CITIC Securities's Industry?
How Carbon Intensive is CITIC Securities's Location?
CITIC Securities'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 Securities 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.
