- Climate change impacts on credit portfolio (increased credit risk among high-carbon sector clients).
- Extreme weather conditions causing potential business interruptions.
- Environmental (climate) change impacting market prices of derivatives.
- Failure to keep up with national and industry policies related to carbon peaking and carbon neutrality.
China Merchants Bank Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, China Merchants Bank Co., Ltd. disclosed greenhouse gas emissions of 44.98 ten thousand tons of CO2 equivalent (Scope 1 and 2). By scope: Scope 1: 2.21 ten thousand tons of CO2 equivalent; Scope 2: 42.77 ten thousand tons of CO2 equivalent; Scope 3: 300.68 ten thousand tons of CO2 equivalent. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
44.98 ten thousand tons of CO2 equivalent (Scope 1 and 2)
2023
Water Usage
256.28 ten thousand tons (total water consumption)
2023
Waste
2.41 ten thousand tons (total amount of non-hazardous waste)
2023
Energy Use
740.9K MWh (externally-acquired electricity)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 2.21 ten thousand tons of CO2 equivalent |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 42.77 ten thousand tons of CO2 equivalent |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 300.68 ten thousand tons of CO2 equivalent |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Launched China Merchants Bank Green Finance brand and established a five horizontal and seven vertical green product and service system.
- Reduced electricity usage by 11.28% at the Head Office building compared to the previous year.
- Three branches received carbon-neutral certificates from local carbon exchanges.
🌱 ESG Focus Areas
EnvironmentalSocialGovernance