The Export–Import Bank of China (China Eximbank), headquartered in Beijing, is a pivotal institution in the realm of international trade finance. Established in 1994, it has played a significant role in supporting Chinese enterprises in their global expansion efforts, particularly in Asia, Africa, and Latin America. As a state-owned policy bank, China Eximbank focuses on providing financial services that include export credit, import credit, and overseas investment financing. Its unique approach combines government support with commercial viability, enabling it to facilitate large-scale infrastructure projects and trade agreements. With a strong market position, China Eximbank has achieved notable milestones, including substantial contributions to the Belt and Road Initiative, reinforcing its status as a key player in global economic development.
How does Export–Import Bank of China'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.
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.
Export–Import Bank of China's score of 19 is lower than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, the Export–Import Bank of China reported total carbon emissions of approximately 24,414,920,870 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions were about 186,620 kg CO2e, primarily from mobile combustion, while Scope 2 emissions totalled approximately 60,120 kg CO2e from electricity consumption. Scope 3 emissions included about 264,500 kg CO2e from purchased goods and services. The bank's emissions data is cascaded from its parent organisation, The Export-Import Bank of China, reflecting its commitment to transparency in environmental reporting. However, there are currently no specified reduction targets or climate pledges documented, indicating a potential area for future development in their sustainability strategy. In the previous year, 2022, the bank's total emissions were approximately 15,093,285,860 kg CO2e, showing a significant increase in emissions year-on-year. The bank's emissions profile highlights the importance of addressing both direct and indirect emissions to align with global climate commitments. Overall, while the Export–Import Bank of China has disclosed substantial emissions data, the absence of reduction targets suggests a need for enhanced climate action initiatives moving forward.
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.
Export–Import Bank of China 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.