GlobalData offers a comprehensive analysis of Guangzhou Rural Commercial Bank, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Guangzhou Rural Commercial Bank‘s ESG performance. GlobalData’s company profile on Guangzhou Rural Commercial Bank offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Guangzhou Rural Commercial Bank, a financial institution based in China, is dedicated to reducing emissions as part of its commitment to environmental sustainability. The bank is actively working towards reducing its greenhouse gas (GHG) emissions across all scopes. Scope 1 emissions refer to direct GHG emissions, Scope 2 emissions include indirect emissions from energy consumption, and Scope 3 emissions encompass other indirect GHG emissions. In 2022, the company reported GHG emissions for Scope 1 (direct GHG emissions), was 161.69 ton-carbon dioxide equivalent, Scope 2 (indirect GHG emissions) was 11,470.45 ton-carbon dioxide equivalent and GHG emissions from high carbon credit assets (Scope 3) was 9,021,190.07 ton-carbon dioxide equivalent.
The bank has taken steps to address its carbon and GHG emissions, as well as other environmental impacts. It has implemented measures to reduce energy consumption and improve energy efficiency within its operations. Additionally, the bank has focused on waste management and reducing the generation of hazardous and non-hazardous waste. These efforts align with the bank's commitment to green and low-carbon practices, energy saving, and environmental protection.
Furthermore, Guangzhou Rural Commercial Bank has emphasized the importance of occupational health and safety. It has implemented occupational health and safety management systems, conducted hazard identification and risk assessments, and provided training for workers. The bank also promotes worker health and well-being through health promotion initiatives. In terms of supplier engagement, the bank has screened new suppliers using environmental criteria and taken actions to address negative environmental impacts within its supply chain. This demonstrates its commitment to complying with laws and regulations and operating prudently. Guangzhou Rural Commercial Bank's efforts to address climate change and environmental risks are in line with the principles of green finance. The bank has developed green financial development plans and implemented measures to support the development of a green financial system.
In conclusion, Guangzhou Rural Commercial Bank has implemented various measures to improve energy efficiency, manage waste, ensure occupational health and safety, and engage with suppliers. These efforts align with the bank's commitment to environmental sustainability and contribute to the development of a green financial system.
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