ICBC Standard Bank Plc Sustainability Profile
ICBC Standard Bank Plc, a prominent player in the global banking sector, is headquartered in Great Britain. Established in 2015 as a joint venture between the Industrial and Commercial Bank of China (ICBC) and Standard Bank Group, the institution has rapidly positioned itself within the financial services industry, focusing on corporate and investment banking. With a strong presence in key markets across Africa, Asia, and Europe, ICBC Standard Bank offers a range of services, including trade finance, foreign exchange, and investment solutions. Its unique blend of Chinese and African market expertise sets it apart, enabling clients to navigate complex financial landscapes effectively. The bank has achieved significant milestones, including recognition for its innovative approach to financing and risk management, solidifying its reputation as a trusted partner in international banking.
DitchCarbon Score
How does ICBC Standard Bank Plc'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
ICBC Standard Bank Plc's score of 31 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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ICBC Standard Bank Plc's reported carbon emissions
In 2023, ICBC Standard Bank Plc reported total carbon emissions of approximately 2,808,000 kg CO2e in Great Britain. This figure includes 71,000 kg CO2e from Scope 1 emissions, 367,000 kg CO2e from Scope 2 emissions, and a significant 2,370,000 kg CO2e from Scope 3 emissions. This represents a notable increase from 2022, when the bank's emissions were about 681,000 kg CO2e, with Scope 1 emissions at 36,000 kg CO2e, Scope 2 at 450,000 kg CO2e, and Scope 3 at 231,000 kg CO2e. Despite the increase in total emissions, ICBC Standard Bank Plc has not publicly disclosed specific reduction targets or initiatives as part of its climate commitments. The bank's emissions data is not cascaded from a parent organization, indicating that the reported figures are independently sourced. The bank's revenue for 2023 was approximately USD 608.2 million, which may reflect its operational scale and associated emissions. The absence of defined reduction targets suggests that ICBC Standard Bank Plc may need to enhance its climate strategy to align with industry standards and expectations for sustainability.
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| 2023 | |
|---|---|
| Scope 1 | 95,000 |
| Scope 2 | 734,000 |
| Scope 3 | 3,339,000 |
How Carbon Intensive is ICBC Standard Bank Plc's Industry?
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ICBC Standard Bank Plc'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.
ICBC Standard Bank Plc 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.
