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 20 is lower than 92% 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 reported total emissions of approximately 884,370 kg CO2e, which includes 20,160 kg CO2e from Scope 1 emissions (mobile combustion) and 864,210 kg CO2e from Scope 2 emissions (purchased electricity). The company has not disclosed any Scope 3 emissions data. Over the years, the company has shown a slight decrease in emissions per capita, with figures of about 4,460 kg CO2e in 2018, 4,370 kg CO2e in 2019, and 3,810 kg CO2e in 2020. Additionally, emissions per unit of office area have remained relatively stable, with values of approximately 80 kg CO2e per m² in 2018 and 2020, and 85 kg CO2e per m² in 2019. Despite these figures, Shandong International Trust Co has not set any specific reduction targets or climate pledges, indicating a potential area for improvement in their climate commitments. The absence of documented reduction initiatives suggests that the company may need to enhance its strategies to address climate change effectively.
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| 2020 | |
|---|---|
| Scope 1 | 20,160 |
| Scope 2 | 864,210 |
| Scope 3 | - |
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.
