Industrial And Commercial Bank Of China

In 2023, the Industrial and Commercial Bank of China (ICBC) reported carbon emissions of approximately 11,041,180 kg CO2e from Scope 1 sources, specifically from mobile combustion. This figure reflects a commitment to monitoring and managing their carbon footprint, although comprehensive data on Scope 2 and Scope 3 emissions remains undisclosed. Over the past few years, ICBC's total emissions have shown fluctuations, with 2022 emissions recorded at about 10,050,700 kg CO2e, and 2021 emissions at approximately 15,169,830 kg CO2e. The bank's total emissions peaked in 2019 at about 89,859,600 kg CO2e, while 2020 saw a reduction to approximately 85,246,300 kg CO2e. Despite these figures, ICBC has not publicly committed to specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of defined reduction goals suggests a need for further transparency and commitment to climate action within the banking sector. ICBC's emissions intensity metrics indicate a per capita emissions intensity of about 4,810 kg CO2e per employee in 2023, down from 4,880 kg CO2e in 2021. This trend may reflect ongoing efforts to improve operational efficiency and reduce emissions per capita. Overall, while ICBC has made strides in tracking its emissions, the lack of comprehensive data and specific reduction targets highlights an area for potential growth in its climate commitments.