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Xingye Bank

Sustainability Report and Carbon Intensity Rankings

Is Xingye Bank doing their part?

Their DitchCarbon score is 42

Xingye Bank has a DitchCarbon Score of 42 out of 100, indicating moderate performance in sustainability practices. This score reflects the bank’s current carbon intensity level, suggesting there is significant room for improvement in reducing emissions. A higher score would demonstrate a stronger commitment to lowering carbon intensity and enhancing environmental sustainability.

This was calculated based on 30+ company specific emissions data points, the higher the score, the better. Check out our methodology.

Industry emissions intensity

Very low

Low

Medium

High

Very high

Xingye Bank operates in the finance sector, which has a very low carbon intensity ranking compared to other industries. Some industries are more damaging than others, this ranking gives you an indication of how carbon intensive the industry is which this company operates in.

Location emissions intensity

Very low

Low

Unknown

High

Very high

Xingye Bank, located in China, operates in a region with a certain carbon intensity rating. The sustainability of the bank’s operations is influenced by China’s overall carbon footprint, which affects the environmental impact of their business practices.
8.83%

...this company is doing 8.83% worse in emissions than the industry average.

Xingye Bank, also known as Industrial Bank Co., Ltd., was founded in August 1988 and is headquartered in Fuzhou City, Fujian Province, China. As one of the first batch of joint-stock commercial banks approved by the State Council and the People’s Bank of China, it specializes in a wide range of financial services including deposits, loans, settlements, and wealth management. The bank went public on the Shanghai Stock Exchange on February 5, 2007, under the ticker symbol 601166, and has since grown into a comprehensive financial services group with numerous branches and subsidiaries across China.

emission intelligence's platform recommendations for Xingye Bank

Xingye Bank should set definitive and attainable goals for reducing consumption across all procured energy forms, including electricity, heat, steam, and cooling, to realize a potential emissions savings of 30%.

Good news, Xingye Bank has embraced SBTi commitments

Xingye Bank has pledged to set science-based targets through the Science Based Targets initiative (SBTi) to reduce its greenhouse gas emissions in line with climate science. This commitment means the bank will develop and implement strategies to significantly cut its carbon footprint across all operations.
Participating

The Ultimate Guide to Building Sustainability Into Procurement​

1. Reputation and Brand Image

2. Corporate Social Responsibility

3. Becoming a Customer of Choice

4. Stakeholder Engagement

5. Risk Management

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Our methodology

Read about our emission calculation methodologies, and what the DitchCarbon Score means.

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