Shanghai Pudong Development Bank
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 59% 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 these scopes. This marks a significant reduction from 2021, where emissions were approximately 41,300,000 kg CO2e for Scope 1 and about 2,300,000 kg CO2e for Scope 2, totalling around 39,000,000 kg CO2e. In 2020, the bank's emissions were approximately 32,700,000 kg CO2e for Scope 1 and about 2,000,000 kg CO2e for Scope 2, leading to a total of around 30,700,000 kg CO2e. SPDB has set ambitious climate commitments, including achieving net zero carbon emissions by 2030, as part of a broader initiative led by Ant Group. In 2022, the bank successfully met its first commitment to carbon neutrality for operational emissions. Additionally, significant projects are underway to reduce emissions, such as the upgrade of energy-saving technology in aluminium production, expected to cut emissions by approximately 190,700 tonnes CO2e annually. The bank's climate strategy focuses on both Scope 1 and Scope 2 emissions, with specific initiatives aimed at reducing carbon footprints through technological advancements and operational efficiencies. These efforts align with global climate goals and demonstrate SPDB's commitment to sustainability and responsible banking practices.
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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 | - | - | - |
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.
Shanghai Pudong Development Bank 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.
