China Merchants Bank

China Merchants Bank (CMB), headquartered in CN and operating in the financial intermediation services sector, has reported significant carbon emissions across its operations. In 2025, the bank's total reported emissions, encompassing Scope 1, 2, and 3, amounted to approximately 461.1 million kg CO2e. This figure includes Scope 1 emissions of about 3.12 million kg CO2e, Scope 2 emissions of approximately 48.35 million kg CO2e, and Scope 3 emissions totalling around 376.39 million kg CO2e.

Looking at prior years, total emissions for 2024 were approximately 332 million kg CO2e, comprising Scope 1 emissions of about 5.33 million kg CO2e, Scope 2 emissions of approximately 46.59 million kg CO2e, and Scope 3 emissions of roughly 280.06 million kg CO2e. In 2023, CMB's total emissions stood at approximately 329 million kg CO2e, with Scope 1 emissions around 2.93 million kg CO2e, Scope 2 emissions at approximately 47.43 million kg CO2e, and Scope 3 emissions totalling about 273.71 million kg CO2e. The highest reported emissions were in 2022, with a total of approximately 2.93 billion kg CO2e, broken down into Scope 1 of about 23.1 million kg CO2e, Scope 2 of roughly 455 million kg CO2e, and Scope 3 of approximately 2.46 billion kg CO2e.

CMB has established near-term reduction targets. By 2025, the bank aims to decrease its Scope 2 purchased electricity carbon emissions by 4% compared to 2023 levels. Furthermore, Scope 1 fixed emission source carbon emissions are targeted for a 20% reduction by 2025, also relative to 2023. These commitments align with industry-standard climate terminology and reflect an effort to manage its environmental footprint within the financial services sector.