Shanghai Pudong Development Bank Sustainability Profile
Shanghai Pudong Development Bank (SPDB), headquartered in Shanghai, China, is a prominent player in the banking and financial services industry. Established in 1992, SPDB has rapidly evolved, becoming a key financial institution in the Asia-Pacific region, with a strong presence in major cities across China. The bank offers a diverse range of services, including corporate banking, personal banking, and wealth management, distinguished by its innovative financial products tailored to meet the needs of both individual and corporate clients. SPDB is recognised for its commitment to digital banking solutions, enhancing customer experience through technology. With a solid market position, SPDB has achieved significant milestones, including its listing on the Shanghai Stock Exchange in 1999. The bank continues to be a leader in the financial sector, known for its robust risk management practices and customer-centric approach.
DitchCarbon Score
How does Shanghai Pudong Development Bank'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
Shanghai Pudong Development Bank's score of 33 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shanghai Pudong Development Bank's reported carbon emissions
In 2022, Shanghai Pudong Development Bank (SPDB) reported total carbon emissions of approximately 20,600,000 kg CO2e for Scope 1 and about 1,300,000 kg CO2e for Scope 2, resulting in a combined total of around 19,300,000 kg CO2e for both scopes. This marks a significant reduction from 2021, where emissions were approximately 41,300,000 kg CO2e for Scope 1 and 2,300,000 kg CO2e for Scope 2, totalling about 39,000,000 kg CO2e. In 2020, the bank's emissions were around 32,700,000 kg CO2e for Scope 1 and 2,000,000 kg CO2e for Scope 2, leading to a total of about 30,700,000 kg CO2e. SPDB has set ambitious climate commitments, aiming for net-zero carbon emissions by 2030. This commitment includes achieving carbon neutrality for operational emissions, which was successfully met in 2022. The bank's initiatives also involve significant investments in energy-efficient technologies, such as a project that is expected to reduce carbon dioxide emissions by approximately 190,700 tonnes CO2e annually through upgrades to energy-saving technology in aluminium production. Overall, SPDB's proactive approach to reducing its carbon footprint reflects its commitment to sustainability and aligns with broader industry trends towards climate responsibility.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 32,700,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 2,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is Shanghai Pudong Development Bank's Industry?
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Shanghai Pudong Development Bank'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.
Shanghai Pudong Development Bank 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.
