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 44 is higher than 65% 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 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, where 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 a carbon neutrality action plan through its Wealth Management division, which began in 2022. This plan aims to assess and reduce greenhouse gas emissions from operations, specifically targeting both Scope 1 and Scope 2 emissions from 2023 to 2025. While specific reduction percentages have not been disclosed, the commitment to carbon neutrality indicates a proactive approach to managing and mitigating climate impact. The bank's emissions data is not cascaded from any parent organization, indicating that it operates independently in its reporting and climate commitments. Overall, PSBC is taking steps towards enhancing its sustainability practices, aligning with industry standards for climate action.
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| 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 |
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.
