Postal Savings Bank Of China Sustainability Profile
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 44 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Postal Savings Bank Of China's reported carbon emissions
In 2024, Postal Savings Bank of China (PSBC) reported total carbon emissions of approximately 216,227,010 kg CO2e, comprising 5,546,960 kg CO2e from Scope 1 and 210,680,050 kg CO2e from Scope 2 emissions. The bank's Scope 3 emissions were relatively minor, at about 34,450 kg CO2e. This data reflects a significant increase in emissions compared to 2023, when total emissions were approximately 636,900,000 kg CO2e, with Scope 1 emissions at 45,700,000 kg CO2e and Scope 2 emissions at 591,200,000 kg CO2e. PSBC has initiated carbon neutrality actions through its Wealth Management division, targeting reductions in both Scope 1 and Scope 2 emissions. The bank aims to implement these initiatives from 2023 to 2025, although specific reduction percentages have not been disclosed. The commitment to reducing emissions aligns with industry standards for climate action, although no Science-Based Targets Initiative (SBTi) targets have been reported. Overall, PSBC's emissions data indicates a proactive approach to addressing climate change, with ongoing efforts to measure and manage its carbon footprint effectively.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 44,900,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 531,200,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 00,000 |
How Carbon Intensive is Postal Savings Bank Of China's Industry?
How Carbon Intensive is Postal Savings Bank Of China's Location?
Postal Savings Bank Of China'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.
Postal Savings Bank Of China 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.
