Grcb
Grcb, officially known as Grcb Bank, is a prominent financial institution headquartered in China (CN). Established in 2015, the bank has rapidly expanded its operations across major regions in Asia, focusing on providing innovative banking solutions. Grcb operates primarily in the banking and financial services industry, offering a diverse range of products including personal and corporate banking, wealth management, and digital financial services. What sets Grcb apart is its commitment to leveraging technology to enhance customer experience, making banking more accessible and efficient. The bank has achieved significant milestones, including recognition for its robust digital platform and customer-centric approach. With a strong market position, Grcb continues to be a key player in the evolving landscape of financial services, dedicated to meeting the needs of its clients in an increasingly competitive environment.
DitchCarbon Score
How does Grcb'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
Grcb's score of 29 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Grcb's reported carbon emissions
In 2022, Grcb reported total carbon emissions of approximately 9,037,000,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 9,021,190,070 kg CO2e. Scope 1 emissions were recorded at about 161,690 kg CO2e, while Scope 2 emissions totalled approximately 11,470,450 kg CO2e. This data reflects Grcb's global operations and highlights the substantial impact of its indirect emissions. Grcb has not publicly disclosed specific reduction targets or initiatives as part of its climate commitments. The absence of documented reduction targets suggests a need for further development in its sustainability strategy. The emissions data is sourced directly from Guangzhou Rural Commercial Bank Co., Ltd., indicating that Grcb operates independently without cascading data from a parent organisation. Overall, Grcb's emissions profile underscores the importance of addressing Scope 3 emissions, which represent the majority of its carbon footprint, and the necessity for the bank to establish clear climate action goals moving forward.
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| 2019 | 2020 | 2022 | |
|---|---|---|---|
| Scope 1 | 53,890 | 00,000 | 000,000 |
| Scope 2 | 3,504,310 | 0,000,000 | 00,000,000 |
| Scope 3 | - | - | 0,000,000,000 |
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.
Grcb 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.
