Shenwan Hongyuan Group
Shenwan Hongyuan Group, often referred to as SHY Group, is a prominent financial services provider headquartered in China. Established in 1991, the company has grown to become a key player in the securities and investment industry, with significant operations across major Chinese cities and regions. Specialising in a diverse range of services, including brokerage, asset management, and investment banking, Shenwan Hongyuan distinguishes itself through its innovative financial solutions and robust research capabilities. The firm has achieved notable milestones, such as expanding its market presence and enhancing its technological infrastructure to better serve clients. With a strong market position, Shenwan Hongyuan Group is recognised for its commitment to excellence and client satisfaction, making it a trusted partner in the financial landscape of China.
DitchCarbon Score
How does Shenwan Hongyuan Group'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
Shenwan Hongyuan Group's score of 45 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Shenwan Hongyuan Group's reported carbon emissions
In 2023, Shenwan Hongyuan Group reported total carbon emissions of approximately 51,860,370 kg CO2e, with emissions distributed across various scopes: 442,900 kg CO2e (Scope 1), 13,333,650 kg CO2e (Scope 2), and 51,860,370 kg CO2e (Scope 3). This marked a significant increase in emissions compared to previous years, where in 2022, total emissions were about 10,876,550 kg CO2e, with Scope 1 at 429,900 kg CO2e and Scope 2 at 10,400,310 kg CO2e. The company has disclosed emissions data across all three scopes (1, 2, and 3) for the years 2017 to 2024. Notably, in 2017, total emissions were approximately 685,220 kg CO2e, with Scope 1 at 15,300 kg CO2e and Scope 2 at 632,000 kg CO2e. By 2018, total emissions slightly decreased to about 672,330 kg CO2e. Despite the detailed emissions reporting, Shenwan Hongyuan Group has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This lack of formal commitments may reflect a broader industry context where many firms are still developing comprehensive climate strategies. Overall, while Shenwan Hongyuan Group has made strides in emissions reporting, the absence of reduction initiatives highlights an area for potential improvement in their climate commitments.
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| 2017 | 2018 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 15,300 | 00,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 632,000 | 000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 37,920 | 00,000 | 0,000,000 | 00,000,000 | 00,000,000 |
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.
Shenwan Hongyuan Group is not committed to any reduction initiatives 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.
