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 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 33 is higher than 58% 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 2023, Shanghai Rural Commercial Bank reported total carbon emissions of approximately 50,370,480 kg CO2e. This figure includes 1,878,670 kg CO2e from Scope 1 emissions, 46,469,000 kg CO2e from Scope 2 emissions, and 2,022,810 kg CO2e from Scope 3 emissions. The bank's emissions have increased from 43,396,690 kg CO2e in 2022 and 40,438,550 kg CO2e in 2021, indicating a rising trend in carbon output. To address its environmental impact, Shanghai Rural Commercial Bank has set ambitious reduction targets. The bank aims to reduce its total Scope 1 GHG emissions by 30% from 2021 levels by 2030. Similarly, it has committed to a 30% reduction in Scope 2 GHG emissions over the same timeframe. These targets reflect the bank's commitment to mitigating climate change and improving its sustainability practices. The emissions data is not cascaded from any parent organization, indicating that the figures are independently reported by Shanghai Rural Commercial Bank Co., Ltd. As the bank continues to develop its climate strategy, these commitments will play a crucial role in its efforts to reduce its carbon footprint and contribute to global climate goals.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 1,515,680 | 0,000,000 | 0,000,000 |
| Scope 2 | 38,922,870 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 0,000,000 |
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 Rural Commercial 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.
