Wuxi Rural Commercial Bank Co.,Ltd Sustainability Profile
Wuxi Rural Commercial Bank Co., Ltd., commonly referred to as Wuxi Rural Bank, is a prominent financial institution headquartered in Wuxi, Jiangsu Province, China. Established in 2006, the bank has rapidly expanded its operations across the Jiangsu region, focusing on providing comprehensive banking services tailored to rural and urban communities. Specialising in retail banking, corporate finance, and agricultural loans, Wuxi Rural Bank distinguishes itself through its commitment to supporting local economies and fostering sustainable development. The bank's core offerings include personal savings accounts, business loans, and microfinance solutions, designed to meet the diverse needs of its clientele. With a strong market presence, Wuxi Rural Bank has achieved significant milestones, positioning itself as a key player in the rural banking sector. Its dedication to innovation and customer service has earned it a reputation for reliability and community engagement.
DitchCarbon Score
How does Wuxi Rural Commercial Bank Co.,Ltd'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
Wuxi Rural Commercial Bank Co.,Ltd's score of 25 is lower than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Wuxi Rural Commercial Bank Co.,Ltd's reported carbon emissions
In 2023, Wuxi Rural Commercial Bank Co., Ltd, headquartered in China, reported its carbon emissions data, focusing on the carbon intensity of its loan portfolio. The bank's carbon intensity of loans was approximately 0.00001973 kg CO2e per CNY of revenue, while the carbon emission intensity of loans in high-carbon industries was about 0.00022428 kg CO2e per CNY. In 2022, these figures were slightly higher, with a carbon intensity of approximately 0.00002089 kg CO2e and 0.00021905 kg CO2e, respectively. The bank has set ambitious climate commitments, including the pilot construction of a 'zero carbon outlet' aimed at generating 25,000 kWh of electricity annually. This initiative is expected to lead to a reduction of about 6.80 tonnes CO2e per year, targeting both Scope 1 and Scope 2 emissions. The project is set to commence in 2023 and aims for completion by 2025. Wuxi Rural Commercial Bank Co., Ltd has not disclosed specific Scope 1, 2, or 3 emissions data, nor does it inherit emissions data from a parent company. The bank's climate initiatives reflect a commitment to reducing its carbon footprint and contributing to broader sustainability goals.
How Carbon Intensive is Wuxi Rural Commercial Bank Co.,Ltd's Industry?
How Carbon Intensive is Wuxi Rural Commercial Bank Co.,Ltd's Location?
Wuxi Rural Commercial Bank Co.,Ltd'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.
Wuxi Rural Commercial Bank Co.,Ltd 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.
