Weihai Bank
Weihai Bank, officially known as Weihai Commercial Bank, is a prominent financial institution headquartered in Weihai, Shandong Province, China. Established in 1997, the bank has steadily expanded its operations across key regions in Shandong and beyond, positioning itself as a vital player in the Chinese banking sector. Specialising in retail and corporate banking, Weihai Bank offers a diverse range of services, including personal loans, savings accounts, and wealth management solutions. Its commitment to customer service and innovative financial products distinguishes it from competitors. With a focus on sustainable growth, Weihai Bank has achieved significant milestones, including the establishment of a robust digital banking platform. This strategic move has enhanced its market position, making it a trusted choice for both individual and business clients in the region.
DitchCarbon Score
How does Weihai 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
Weihai Bank's score of 27 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Weihai Bank's reported carbon emissions
In 2023, Weihai Bank reported total carbon emissions of approximately 221,730 kg CO2e, comprising 36,910 kg CO2e from Scope 1 and 184,820 kg CO2e from Scope 2 emissions. This represents a slight increase from 2022, where total emissions were about 182,570 kg CO2e, with Scope 1 emissions at 34,340 kg CO2e and Scope 2 emissions at 148,230 kg CO2e. In 2021, the bank's total emissions were approximately 258,195 kg CO2e, indicating a downward trend in emissions over the two subsequent years. Weihai Bank has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The absence of defined reduction strategies suggests a need for further development in their sustainability practices. The bank's emissions intensity metrics indicate approximately 20 kg CO2e per unit of revenue in 2023, compared to 30 kg CO2e in 2022 and 40 kg CO2e in 2021, reflecting an improvement in emissions efficiency relative to revenue generation. Overall, while Weihai Bank has shown a reduction in total emissions over the years, the lack of formal reduction targets highlights an opportunity for the bank to enhance its climate strategy and commitments moving forward.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 41,320 | 00,000 | 00,000 |
| Scope 2 | 173,990 | 000,000 | 000,000 |
| Scope 3 | - | - | - |
Industry emissions intensity
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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.
Weihai 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.
