Noah Holdings Sustainability Profile
Noah Holdings Limited, commonly referred to as Noah, is a leading wealth management and financial services firm headquartered in China. Established in 2005, the company has rapidly expanded its operations across major regions, including Hong Kong and the United States, positioning itself as a key player in the financial industry. Specialising in wealth management, asset management, and financial advisory services, Noah offers a unique blend of tailored investment solutions and innovative financial products. The firm is renowned for its commitment to high-quality service and a client-centric approach, which has garnered a loyal customer base. With a strong market presence, Noah Holdings has achieved significant milestones, including successful public listings and strategic partnerships, solidifying its reputation as a trusted name in the wealth management sector.
DitchCarbon Score
How does Noah Holdings'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
Noah Holdings's score of 39 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Noah Holdings's reported carbon emissions
In 2023, Noah Holdings reported total carbon emissions of approximately 2,235,960 kg CO2e, with significant contributions from Scope 2 emissions at about 2,115,970 kg CO2e and Scope 1 emissions at around 67,540 kg CO2e. Scope 3 emissions were also substantial, totalling approximately 2,235,960 kg CO2e, which included categories such as purchased goods and services (1,000,000 kg CO2e) and business travel (100,000 kg CO2e). Noah Holdings has set ambitious near-term carbon neutrality targets for both Scope 1 and Scope 2 emissions, aiming to achieve this by 2025. This commitment was highlighted during the Noah Wealth Center Launching Ceremony, which emphasised the importance of promoting a green and low-carbon lifestyle. In 2022, the company reported total emissions of about 1,699,528 kg CO2e in China, with no detailed breakdown available for Scope 1, 2, or 3 emissions. The previous year's data (2021) indicated total emissions of approximately 2,240,172 kg CO2e in China, with Scope 1 emissions at about 76,021 kg CO2e and Scope 2 emissions at approximately 2,164,151 kg CO2e. Noah Holdings is committed to transparency in its emissions reporting and has disclosed emissions data across all relevant scopes. The company does not currently have SBTi targets but continues to engage in initiatives aimed at reducing its carbon footprint.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | 00,000.0 | 00,000 | 00,000 |
| Scope 2 | - | 0,000,000.0 | 0,000,000 | 0,000,000 |
| Scope 3 | 760,650.3 | 0,000.0 | - | 0,000,000 |
How Carbon Intensive is Noah Holdings's Industry?
How Carbon Intensive is Noah Holdings's Location?
Noah Holdings's Scope 3 Categories Breakdown
Noah Holdings's Scope 3 emissions, which increased significantly last year and increased by approximately 194% since 2020, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 51% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 45% of Scope 3 emissions.
Top Scope 3 Categories
Noah Holdings'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.
Noah Holdings 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.
