Shanghai Rural Commercial Bank
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 evolved within the financial intermediation services sector, specifically focusing on services excluding insurance and pension funding. With a strong presence in rural and urban regions across China, SHRCB plays a vital role in supporting local economies.
The bank offers a diverse range of core products, including personal and corporate loans, savings accounts, and wealth management services, distinguished by their customer-centric approach and innovative solutions. Recognised for its commitment to financial inclusion, Shanghai Rural Commercial Bank has achieved significant milestones, positioning itself as a key player in the Chinese banking landscape. Its dedication to fostering economic growth in rural areas underscores its unique market position and notable achievements in the industry.
+4 vs industry average
Shanghai Rural Commercial Bank’s score of 39 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Shanghai Rural Commercial Bank's reported carbon emissions
Shanghai Rural Commercial Bank (SHRCB) has reported its carbon emissions for multiple years, with its latest data from 2024. In 2024, the bank's total emissions were approximately 33.8 million kg CO2e. This figure comprises Scope 1 emissions of about 1.9 million kg CO2e, Scope 2 emissions of approximately 29.7 million kg CO2e, and Scope 3 emissions of around 2.1 million kg CO2e. Looking at previous years, SHRCB's total emissions in 2023 were about 50.4 million kg CO2e, with Scope 1 at 1.9 million kg CO2e, Scope 2 at 46.5 million kg CO2e, and Scope 3 at 2.0 million kg CO2e. In 2022, total emissions were approximately 43.4 million kg CO2e, consisting of 1.4 million kg CO2e of Scope 1 and 42.0 million kg CO2e of Scope 2 emissions. The bank's Scope 3 emissions were not reported for 2022. For 2021, total emissions were around 40.4 million kg CO2e, with Scope 1 at 1.5 million kg CO2e and Scope 2 at 38.9 million kg CO2e. SHRCB has set ambitious climate targets. The bank aims to reduce its total Scope 1 greenhouse gas (GHG) emissions by 30% from 2021 levels by 2030. Concurrently, it has committed to reducing its total Scope 2 GHG emissions by 30% from 2021 levels by the same year, 2030. These targets are classified as absolute reduction goals for the near term.
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Shanghai Rural Commercial Bank’s Climate Goals (2030 & 2050)
2 goals2030
30% reduction in Scope 2
The Bank aims to reduce its total scope 2 GHG emissions by 30% from 2021 levels by 2030.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Shanghai Rural Commercial Bank
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