Industrial And Commercial Bank Of China
The Industrial and Commercial Bank of China (ICBC), headquartered in Beijing, China, stands as a leading financial institution in the global banking sector. Founded in 1984, ICBC has grown to become one of the largest banks in the world, with a significant presence in Asia, Europe, and the Americas. Specialising in corporate banking, personal banking, and treasury operations, ICBC offers a diverse range of services, including loans, deposits, and wealth management solutions. Its commitment to innovation and customer service distinguishes it in a competitive market. With numerous accolades, including being ranked among the top banks globally by assets, ICBC continues to solidify its market position through strategic expansion and a robust digital banking platform, catering to the evolving needs of its clientele.
DitchCarbon Score
How does Industrial And Commercial 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.
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
Industrial And Commercial Bank Of China's score of 37 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industrial And Commercial Bank Of China's reported carbon emissions
In 2024, the Industrial and Commercial Bank of China (ICBC) reported total carbon emissions of approximately 1,875,600,000 kg CO2e. This figure includes about 99,600,000 kg CO2e from Scope 1 emissions and approximately 1,776,000,000 kg CO2e from Scope 2 emissions. The bank has not disclosed any Scope 3 emissions data. In 2023, ICBC's global emissions were about 2,029,800,000 kg CO2e, with Scope 1 emissions at approximately 100,600,000 kg CO2e and Scope 2 emissions at around 1,929,200,000 kg CO2e. The bank's emissions intensity metrics indicate a building emissions intensity of about 87,540 kg CO2e per m² and per capita emissions intensity of approximately 4,810 kg CO2e. Despite these figures, ICBC has not set specific reduction targets or initiatives as part of its climate commitments, nor has it participated in initiatives such as the Science Based Targets initiative (SBTi). The bank's emissions data is sourced directly from its own disclosures, with no cascaded data from parent or related organizations. Overall, ICBC's emissions profile highlights the significant carbon footprint associated with its operations, while its lack of defined reduction targets suggests an area for potential improvement in its climate strategy.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 |
| Scope 2 | 102,313,250 | 000,000,000 | 00,000,000 | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| 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.
Industrial And Commercial 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.
