Postal Savings Bank of China (PSBC), headquartered in Beijing, is a prominent player in the financial intermediation services sector, specifically focusing on services excluding insurance and pension funding. Established in 2007, PSBC has rapidly expanded its footprint across major operational regions in China, offering a diverse range of banking services tailored to meet the needs of both individual and corporate clients.
The bank is renowned for its extensive network of branches, making banking accessible to millions, particularly in rural areas. Core products include savings accounts, personal loans, and payment services, distinguished by their customer-centric approach and innovative digital solutions. As a leading financial institution, PSBC has achieved significant milestones, positioning itself as a trusted partner in China's evolving financial landscape.
+5 vs industry average
Postal Savings Bank Of China’s score of 40 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Postal Savings Bank Of China's reported carbon emissions
**Postal Savings Bank of China (PSBC) Carbon Emissions and Climate Commitments** In 2024, the Postal Savings Bank of China (PSBC) reported Scope 1 emissions of approximately 5.55 million kg CO2e and Scope 2 emissions of about 210.68 million kg CO2e. Scope 3 emissions for 2024 were approximately 34,450 kg CO2e. The total combined emissions for Scope 1, 2, and 3 in 2024 were approximately 216.23 million kg CO2e. For 2023, PSBC recorded Scope 1 emissions of approximately 45.70 million kg CO2e and Scope 2 emissions of about 591.20 million kg CO2e. Scope 3 emissions data was not disclosed for this year. The combined Scope 1 and 2 emissions for 2023 amounted to approximately 636.90 million kg CO2e. In 2022, Scope 1 emissions were approximately 41.80 million kg CO2e, with Scope 2 emissions at about 565.60 million kg CO2e. Scope 3 emissions were not disclosed for 2022. The combined Scope 1 and 2 emissions for 2022 totalled approximately 607.30 million kg CO2e. For 2021, PSBC reported Scope 1 emissions of approximately 44.90 million kg CO2e and Scope 2 emissions of about 531.20 million kg CO2e. Scope 3 emissions were not disclosed for 2021. The combined Scope 1 and 2 emissions for 2021 were approximately 576.20 million kg CO2e. In 2017, PSBC reported Scope 1 emissions of approximately 1.71 million kg CO2e and Scope 2 emissions of about 103.41 million kg CO2e. The combined Scope 1 and 2 emissions for 2017 were approximately 107.23 million kg CO2e. Emissions data for 2018 was not disclosed. **Climate Commitments:** PSBC Wealth Management Co., Ltd. initiated an operation carbon neutrality action in 2022, with the aim of achieving carbon neutrality in its operations by 2025. This initiative involved calculating and inspecting greenhouse gas emissions produced during operations in 2021. This target applies to Scope 1 and Scope 2 emissions.
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Postal Savings Bank Of China’s Climate Goals (2030 & 2050)
2 goals2025
PSBC Wealth Management Co
PSBC Wealth Management Co., Ltd. launched the operation carbon neutrality action in 2022 and invited a professional institution to calculate…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Postal Savings Bank Of China
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