Shandong International Trust Co Sustainability Profile
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 22 is lower than 82% 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 2020, Shandong International Trust Co., Ltd. reported total carbon emissions of approximately 389,940,440 kg CO2e, which includes 236,323,410 kg CO2e from Scope 1 emissions and 153,617,020 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. Comparatively, in 2019, the total emissions were about 389,757,670 kg CO2e, indicating a slight increase in emissions year-on-year. In 2018, the total emissions were approximately 371,579,480 kg CO2e, suggesting a trend of increasing emissions over the three years reported. Shandong International Trust Co. has not set any specific reduction targets or initiatives, nor have they made any climate pledges. The absence of such commitments may reflect a broader industry context where many companies are still developing their climate strategies. Overall, while the company has substantial emissions, it currently lacks defined pathways for reduction or climate commitments, which may be an area for future focus.
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| 2018 | 2019 | 2020 | |
|---|---|---|---|
| Scope 1 | - | - | 000,000,000 |
| Scope 2 | - | - | 000,000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is Shandong International Trust Co's Industry?
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Shandong International Trust Co'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.
Shandong International Trust Co 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.
