Industrial Bank Co., Ltd. Sustainability Profile
Industrial Bank Co., Ltd., commonly referred to as Industrial Bank, is a prominent financial institution headquartered in China. Established in 1988, the bank has grown to become a key player in the banking sector, with a strong presence in major operational regions across the country. Specialising in corporate banking, retail banking, and wealth management, Industrial Bank offers a diverse range of products and services tailored to meet the needs of its clients. Its unique approach to financial services, characterised by innovation and customer-centric solutions, sets it apart in a competitive market. With a commitment to sustainable development and social responsibility, Industrial Bank has achieved notable milestones, including recognition for its robust financial performance and contributions to the community. As a leading bank in China, it continues to enhance its market position through strategic initiatives and a focus on technological advancement.
DitchCarbon Score
How does Industrial Bank Co., Ltd.'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 Bank Co., Ltd.'s score of 20 is lower than 76% 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 Bank Co., Ltd.'s reported carbon emissions
In 2021, Industrial Bank Co., Ltd., headquartered in China, reported total carbon emissions of approximately 41,956,160 kg CO2e. This figure includes 1,804,560 kg CO2e from Scope 1 emissions and 40,151,590 kg CO2e from Scope 2 emissions, indicating a significant reliance on indirect emissions associated with energy consumption. Despite the substantial emissions reported, there are currently no specific reduction targets or climate pledges documented by the bank. The absence of Scope 3 emissions data suggests a potential area for future reporting and improvement, as Scope 3 typically encompasses a broader range of indirect emissions throughout the value chain. As of now, Industrial Bank Co., Ltd. does not inherit emissions data from any parent or related organizations, indicating that their reported figures are solely based on their own operations. The bank's commitment to addressing climate change remains unclear, highlighting an opportunity for enhanced transparency and accountability in their environmental strategies.
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| 2021 | |
|---|---|
| Scope 1 | 1,804,560 |
| Scope 2 | 40,151,590 |
| Scope 3 | - |
How Carbon Intensive is Industrial Bank Co., Ltd.'s Industry?
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Industrial Bank Co., Ltd.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Industrial Bank Co., Ltd. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
