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 51% 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. This figure includes Scope 1 emissions of about 71,000 kg CO2e, Scope 2 emissions of approximately 367,000 kg CO2e, and Scope 3 emissions amounting to around 2,370,000 kg CO2e. Comparatively, in 2022, the bank's emissions in the UK were significantly lower, with a total of approximately 717,000 kg CO2e, comprising about 36,000 kg CO2e from Scope 1, 450,000 kg CO2e from Scope 2, and 231,000 kg CO2e from Scope 3. This indicates a substantial increase in emissions year-on-year. ICBC Standard Bank Plc has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The absence of documented reduction targets suggests a need for further development in their sustainability strategy. The bank's emissions data is not cascaded from any parent organization, indicating that the reported figures are solely from ICBC Standard Bank Plc's own operations. Overall, while the bank has made strides in reporting its emissions, the lack of reduction initiatives highlights an area for potential improvement in its climate strategy.
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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.
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