Hangzhou Bank
Hangzhou Bank, also known as Hangzhou City Commercial Bank, is a prominent financial institution headquartered in Hangzhou, China. Established in 1996, the bank has grown to serve a diverse clientele across Zhejiang Province and other major operational regions, offering a wide range of banking services. As a key player in the banking industry, Hangzhou Bank focuses on retail banking, corporate banking, and wealth management. Its core products include personal loans, savings accounts, and investment services, distinguished by a customer-centric approach and innovative digital solutions. With a strong market position, Hangzhou Bank has achieved notable milestones, including recognition for its robust financial performance and commitment to sustainable development. The bank continues to enhance its service offerings, aiming to meet the evolving needs of its customers in a competitive landscape.
DitchCarbon Score
How does Hangzhou Bank'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
Hangzhou Bank's score of 27 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hangzhou Bank's reported carbon emissions
In 2023, Hangzhou Bank reported total carbon emissions of approximately 56,412,700 kg CO2e, comprising 3,586,640 kg CO2e from Scope 1 and 52,826,060 kg CO2e from Scope 2 emissions. This marks a significant increase from 2022, when total emissions were about 181,280,830 kg CO2e, with Scope 1 emissions at 3,184,020 kg CO2e and Scope 2 emissions at 178,096,800 kg CO2e. In 2021, the bank's total emissions were approximately 16,755,830 kg CO2e, with Scope 1 at 335,550 kg CO2e and Scope 2 at 16,420,280 kg CO2e. Despite these figures, Hangzhou Bank has not disclosed any specific reduction targets or climate pledges, nor does it appear to have cascaded data from a parent organisation. The bank's emissions data is solely derived from its own operations, with no reported Scope 3 emissions. The absence of reduction initiatives or commitments indicates a potential area for improvement in their climate strategy.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 335,550 | 0,000,000 | 0,000,000 |
| Scope 2 | 16,420,280 | 000,000,000 | 00,000,000 |
| 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.
Hangzhou Bank 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.
