Ping An Bank Co., Ltd.
Ping An Bank Co., Ltd., a prominent financial institution headquartered in Shenzhen, China, is a key player in the banking and financial services industry. Established in 1987, the bank has expanded its operations across major regions in China, offering a diverse range of services including personal banking, corporate banking, and wealth management. Renowned for its innovative approach, Ping An Bank leverages advanced technology to enhance customer experience and streamline operations. Its core products, such as digital banking solutions and tailored financial services, set it apart in a competitive market. With a strong emphasis on customer-centricity, the bank has achieved significant milestones, including recognition for its robust risk management practices and sustainable growth strategies. As a subsidiary of Ping An Insurance Group, Ping An Bank continues to solidify its market position, contributing to the evolution of China's financial landscape.
DitchCarbon Score
How does Ping An 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
Ping An Bank Co., Ltd.'s score of 22 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ping An Bank Co., Ltd.'s reported carbon emissions
In 2021, Ping An Bank Co., Ltd. reported total carbon emissions of approximately 3,974,270 kg CO2e, which includes 313,520 kg CO2e from Scope 1 emissions and 3,660,750 kg CO2e from Scope 2 emissions. The bank has not disclosed any Scope 3 emissions data. Despite the significant emissions figures, there are currently no specific reduction targets or climate pledges outlined by the bank. The absence of such commitments suggests that while the bank is aware of its carbon footprint, it has yet to establish formal initiatives aimed at reducing its emissions. Ping An Bank's emissions data is self-reported and does not cascade from a parent company, indicating that the figures are independently sourced from the bank's own disclosures. The bank's environmental impact is further contextualised by its revenue of approximately USD 15.23 billion in the same year. Overall, while Ping An Bank has made strides in transparency regarding its emissions, the lack of defined reduction strategies highlights an area for potential improvement in its climate commitments.
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| 2021 | |
|---|---|
| Scope 1 | 313,520 |
| Scope 2 | 3,660,750 |
| 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.
Ping An Bank Co., Ltd. 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.
