Shandong International Trust Co
Shandong International Trust Co., Ltd., commonly referred to as SITIC, is a prominent player in the financial services industry, headquartered in Shandong, China. Established in 1987, the company has evolved significantly, focusing on trust management, asset management, and investment services across major operational regions in China and beyond. SITIC distinguishes itself through its innovative financial products and comprehensive service offerings, catering to both individual and institutional clients. With a strong emphasis on risk management and client-centric solutions, the firm has garnered a solid reputation in the market. Notable achievements include its strategic partnerships and a robust portfolio that positions it as a leader in the trust sector. As a key contributor to the financial landscape, Shandong International Trust Co. continues to drive growth and innovation in the industry.
DitchCarbon Score
How does Shandong International Trust Co'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
Shandong International Trust Co's score of 24 is lower than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shandong International Trust Co's reported carbon emissions
In 2022, Shandong International Trust Co., based in China, reported total carbon emissions of approximately 1,207,000,000 kg CO2e. This figure includes 116,000,000 kg CO2e from Scope 1 emissions and 1,091,000,000 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. For the year 2023, emissions data is not available, and the company has not set any specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The emissions data for 2022 reflects a significant operational footprint, but without clear reduction strategies or commitments, the company's climate impact remains a concern within the industry context.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 161,900 | 000,000 | 000,000 |
| Scope 2 | 3,800 | 0,000 | 0,000 |
| Scope 3 | 165,700 | 000,000 | 000,000 |
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.
Shandong International Trust Co 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.
