Industrial And Commercial Bank Of China

Industrial and Commercial Bank of China (ICBC) has reported its carbon emissions for several years, primarily covering Scope 1 and Scope 2. In 2024, the bank reported total Scope 1 and 2 emissions of approximately 1.88 billion kg CO2e, with Scope 1 emissions at about 100 million kg CO2e and Scope 2 emissions at approximately 1.78 billion kg CO2e. This represents a slight decrease from 2023, when total Scope 1 and 2 emissions were around 2.03 billion kg CO2e.

Looking further back, in 2022, total Scope 1 and 2 emissions were approximately 2.02 billion kg CO2e. In 2021, the bank reported Scope 1 emissions of about 97.4 million kg CO2e and noted that Scope 2 data was not available. Prior to 2021, data availability for scopes was more varied, with Scope 1 emissions reported in some years (e.g., about 50.6 million kg CO2e in 2018) and Scope 2 emissions in others (e.g., approximately 107.8 million kg CO2e in 2015).

ICBC has not disclosed specific reduction targets for greenhouse gas emissions or joined initiatives like the Science Based Targets initiative (SBTi) or the Climate Pledge. The company's reporting does indicate missing data for Scope 3 emissions, specifically for "purchased goods and services," across all reported years. Despite the lack of explicit climate targets, the company has provided data on emission intensities, such as "carbon emissions per m2" and "per capita emissions."