Shanghai Rural Commercial Bank Sustainability Profile
Shanghai Rural Commercial Bank, often referred to as SHRCB, is a prominent financial institution headquartered in Shanghai, China. Established in 2005, the bank has rapidly expanded its operations across various regions, primarily serving rural and urban communities in eastern China. Operating within the banking industry, SHRCB focuses on providing a range of financial services, including personal banking, corporate finance, and agricultural loans. Its unique approach to supporting rural development distinguishes it from competitors, fostering economic growth in underserved areas. With a commitment to innovation and customer service, Shanghai Rural Commercial Bank has achieved significant milestones, positioning itself as a key player in the regional banking sector. Its dedication to enhancing financial accessibility has earned it recognition and a solid market presence in the Chinese banking landscape.
DitchCarbon Score
How does Shanghai Rural Commercial 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 Rural Commercial Bank's score of 44 is higher than 63% 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 Rural Commercial Bank's reported carbon emissions
In 2024, Shanghai Rural Commercial Bank (SRCB) reported total carbon emissions of approximately 33,764,430 kg CO2e. This figure includes 1,916,590 kg CO2e from Scope 1 emissions, 29,740,290 kg CO2e from Scope 2 emissions, and 2,107,760 kg CO2e from Scope 3 emissions. In comparison, the bank's emissions for 2023 were about 50,370,480 kg CO2e, with Scope 1 emissions at 1,878,670 kg CO2e, Scope 2 at 46,469,000 kg CO2e, and Scope 3 at 2,022,810 kg CO2e. This indicates a significant reduction in total emissions year-on-year. SRCB has set ambitious climate commitments, aiming to reduce its total Scope 1 and Scope 2 greenhouse gas emissions by 30% from 2021 levels by 2030. This target reflects the bank's commitment to sustainability and aligns with its broader strategy to enhance green finance, with a goal of achieving a balance of RMB 78 billion in green loans by the end of 2025. The bank's emissions data is independently reported and does not cascade from any parent organization, ensuring that its climate commitments and performance are directly attributable to its own initiatives.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 1,515,680 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 38,922,870 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 0,000,000 | 0,000,000 |
How Carbon Intensive is Shanghai Rural Commercial Bank's Industry?
How Carbon Intensive is Shanghai Rural Commercial Bank's Location?
Shanghai Rural Commercial 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 Rural Commercial 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.
