CITIC Securities
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 38 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 slight increase in emissions compared to 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. In 2021, the company recorded total emissions of 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 emissions trend indicates fluctuations over the years, with the highest recorded emissions in 2022. CITIC Securities has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of defined reduction targets suggests a need for enhanced climate commitments in line with industry standards. The company has reported emissions data for Scope 1 and Scope 2 but has not provided information on Scope 3 emissions, which typically encompass indirect emissions from the value chain. Overall, while CITIC Securities has made strides in transparency regarding its emissions, the lack of concrete reduction targets highlights an area for potential improvement in its climate strategy.
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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 | - | - | - | 0,000,000 | - |
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 Securities 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.
