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 20 is lower than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Industrial And Commercial Bank Of China's reported carbon emissions
In 2023, the Industrial and Commercial Bank of China (ICBC) reported carbon emissions of approximately 11,041,180 kg CO2e, specifically from Scope 1 emissions related to mobile combustion. This figure reflects a slight increase from the previous year, where emissions were about 10,050,700 kg CO2e in 2022. Over the years, ICBC has shown fluctuations in its total emissions, with 2018 emissions recorded at about 89,587,900 kg CO2e, peaking in 2019 at approximately 89,859,600 kg CO2e, before decreasing to about 85,246,300 kg CO2e in 2020. The bank has disclosed its Scope 1 emissions data for 2021, 2022, and 2023, but has not provided specific data for Scope 2 or Scope 3 emissions. Despite these emissions figures, ICBC has not set any publicly disclosed reduction targets or commitments under the Science Based Targets initiative (SBTi) or similar frameworks. The bank's climate strategy appears to be in the early stages, with no significant reduction initiatives documented. Overall, while ICBC has made strides in transparency regarding its emissions, the absence of clear reduction targets highlights an area for potential improvement in its climate commitments.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 15,169,830 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - |
| 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 committed to any reduction initiatives 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.
