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 84% 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., based in China, reported total carbon emissions of approximately 884,370 kg CO2e. This figure includes 20,160 kg CO2e from Scope 1 emissions, primarily from mobile combustion, and 864,210 kg CO2e from Scope 2 emissions related to purchased electricity. The company has not disclosed any Scope 3 emissions data. Despite the emissions data available for 2020, there are no documented reduction targets or climate pledges from Shandong International Trust Co. This indicates a potential area for improvement in their climate strategy, as they currently lack specific initiatives aimed at reducing their carbon footprint. The emissions data is not cascaded from any parent organization, and the company operates independently in terms of its climate reporting. As such, Shandong International Trust Co. has the opportunity to establish clear reduction targets and commitments to enhance its sustainability profile in the financial services sector.
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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.
