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Financial Intermediation
AR
updated 6 months ago

Industrial and Commercial Bank of China (Argentina) S.A.U.

Company website

Industrial and Commercial Bank of China (Argentina) S.A.U. (ICBC Argentina) is a prominent financial institution headquartered in Buenos Aires, Argentina. Established in 2015, it has rapidly positioned itself within the banking sector, offering a comprehensive range of services tailored to both individual and corporate clients. ICBC Argentina operates primarily in the commercial banking industry, providing services such as corporate financing, personal banking, and trade finance. Its unique approach combines local market knowledge with the global expertise of its parent company, making it a competitive player in the region. With a commitment to innovation and customer service, ICBC Argentina has achieved significant milestones, including expanding its branch network and enhancing digital banking solutions. This strategic focus has solidified its reputation as a reliable banking partner in Argentina's evolving financial landscape.

DitchCarbon Score

How does Industrial and Commercial Bank of China (Argentina) S.A.U.'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.

22

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.

28

Industry Benchmark

Industrial and Commercial Bank of China (Argentina) S.A.U.'s score of 22 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.

20%

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Industrial and Commercial Bank of China (Argentina) S.A.U.'s reported carbon emissions

Inherited from Industrial and Commercial Bank of China Limited

Industrial and Commercial Bank of China (Argentina) S.A.U. currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The bank is a current subsidiary of Industrial and Commercial Bank of China Limited, which may influence its climate commitments and performance metrics. As part of its corporate family, emissions data and climate initiatives may be cascaded from its parent organisation, Industrial and Commercial Bank of China Limited. However, specific reduction targets or achievements have not been disclosed for the Argentine subsidiary. The bank has not established any documented reduction targets or climate pledges at this time. In the context of the banking industry, it is essential for institutions like Industrial and Commercial Bank of China (Argentina) S.A.U. to align with global climate standards and initiatives, such as those set by the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP). The lack of specific emissions data and reduction commitments highlights an opportunity for the bank to enhance its sustainability efforts and transparency in climate-related disclosures.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

202120222023
Scope 1
15,169,830
00,000,000
00,000,000
Scope 2
-
-
-
Scope 3
-
-
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Industrial and Commercial Bank of China (Argentina) S.A.U.'s primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Industrial and Commercial Bank of China (Argentina) S.A.U. is in AR, which has a medium grid carbon intensity relative to other regions.

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 (Argentina) S.A.U. 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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