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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.

25

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.

26

Industry Benchmark

Postal Savings Bank Of China's score of 25 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.

66%

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 from 2022, where total emissions were about 607,300,000 kg CO2e, with Scope 1 emissions at 41,800,000 kg CO2e and Scope 2 emissions at 565,600,000 kg CO2e. In 2021, PSBC's emissions were approximately 576,200,000 kg CO2e, with Scope 1 emissions of 44,900,000 kg CO2e and Scope 2 emissions of 531,200,000 kg CO2e. The bank has not disclosed any specific reduction targets or initiatives as part of its climate commitments, indicating a potential area for future focus in sustainability efforts. Overall, PSBC's emissions per employee have shown an increase, with figures rising from 53,120 kg CO2e in 2021 to 57,620 kg CO2e in 2023. The bank's climate strategy appears to be evolving, but further details on specific reduction initiatives or commitments are currently unavailable.

Unlock detailed emissions data

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202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Postal Savings Bank Of China's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Postal Savings Bank Of China is headquartered in CN, which we do not have grid emissions data for.

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 committed to any reduction initiatives 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero

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