- Challenging economic conditions in 2024 affecting customer financial stability and cash flow due to global economic slowdown, supply chain disruptions, rising inflation, and geopolitical tensions.
- Credit risk of small and medium enterprises (SMEs) in the PRC.
- Risks relating to funding sources and interest rates.
- Foreign exchange risk.
China Rongzhong Financial Holdings Company Limited
Greenhouse gas emissions & sustainability report data
In its 2023-04-01 to 2024-03-31 reporting, China Rongzhong Financial Holdings Company Limited disclosed greenhouse gas emissions of 141.15 tCO2e/year. By scope: Scope 1: 17.67 tCO2e/year; Scope 2: 123.48 tCO2e/year. 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
141.15 tCO2e/year
2023-04-01 to 2024-03-31
Water Usage
638 m3/year
2023-04-01 to 2024-03-31
Waste
2.14 tons/year (paper waste)
2023-04-01 to 2024-03-31
Energy Use
202.4K kWh/year
2023-04-01 to 2024-03-31
📊 Emissions by Scope (2023-04-01 to 2024-03-31)
| 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). | 17.67 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 123.48 tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-04-01 to 2024-03-31 | 141.15 tCO2e/year |
| 2018-04 to 2019-03 | 59.57 tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced greenhouse gas emissions (Scope 1 and 2) to 141.15 tonnes of CO2-equivalent emission in 2024 from 136.32 tonnes in 2023. Increase attributed to resumption of normal operations post-COVID.
- Implemented various green office practices including paper saving, green pantry initiatives, and hazardous waste reduction.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Maintain zero substantial non-compliance cases related to emissions, waste disposal, energy, and water consumption in the next five years.
🌱 ESG Focus Areas
Climate change mitigation and adaptationGreen operationDiversity, inclusion and equal opportunitiesRecruiting and retaining talentsSupply chain managementService qualityImproving client servicesIntegrating technology with financeAnti-corruptionContributions to communityInformation security and customer privacy protectionResponding to national development strategiesCorporate governanceCompliance operationRisk management