Postal Savings Bank Of China
Postal Savings Bank of China (PSBC), headquartered in Beijing, China, is a leading financial institution in the banking industry. Established in 2007, PSBC has rapidly expanded its operations across major regions in China, providing a wide range of banking services to millions of customers. Specialising in retail banking, PSBC offers unique products such as savings accounts, personal loans, and wealth management services, catering primarily to individual and small business clients. The bank's extensive network of branches and ATMs enhances its accessibility, making it a preferred choice for many. With a strong market position, PSBC has achieved significant milestones, including being listed on the Hong Kong Stock Exchange in 2016. Its commitment to innovation and customer service continues to solidify its reputation as a trusted financial partner in China.
DitchCarbon Score
How does Postal Savings Bank Of China'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
Postal Savings Bank Of China's score of 25 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Postal Savings Bank Of China's reported carbon emissions
In 2023, Postal Savings Bank of China (PSBC) reported total carbon emissions of approximately 636,900,000 kg CO2e, comprising 45,700,000 kg CO2e from Scope 1 emissions and 591,200,000 kg CO2e from Scope 2 emissions. This represents a slight increase in emissions compared to 2022, where total emissions were about 607,300,000 kg CO2e. In 2021, PSBC's emissions were approximately 576,200,000 kg CO2e, with Scope 1 emissions at 44,900,000 kg CO2e and Scope 2 emissions at 531,200,000 kg CO2e. The bank's emissions per employee have also seen fluctuations, with 57,620 kg CO2e in 2023 compared to 53,120 kg CO2e in previous years. Despite these figures, PSBC has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of defined reduction strategies indicates a need for enhanced climate commitments in line with industry standards. As a major financial institution, PSBC's climate actions will be crucial in addressing the broader challenges of carbon emissions and climate change.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 44,900,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 531,200,000 | 000,000,000 | 000,000,000 |
| 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.
Postal Savings Bank Of China 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.
