Industrial and Commercial Bank of China (ICBC) is committed to reduce its carbon emissions. The bank, conscientiously addresses its greenhouse gas emissions with a focus on both direct and indirect sources. The institution recognizes natural gas consumption as a significant contributor to direct emissions, demonstrating transparency in reporting 1422.307 thousand cubic meters in 2021. Additionally, the bank underscores its commitment to sustainability by acknowledging electricity consumption as a key indirect emissions source, with 81,161.682 MWh reported. The comprehensive disclosure aligns with the bank's carbon emission management requirements, covering various branches and departments within the Head Office to ensure accurate and accountable reporting. The emitted tons of carbon dioxide, totaling 3,075.30 from direct sources and 1,582.13 from indirect sources, underscore the institution's commitment to monitoring and managing its carbon footprint in accordance with local guidelines. ICBC has identified seven key tasks to improve green finance, including strengthening environmental, social, and governance (ESG) risk management and promoting green and low-carbon investment and financing. The bank is actively exploring and refining its green financial system and using technical means to improve green financial services. ICBC has also prioritized green credit and other key fields to support low-carbon transformation.

ICBC has taken steps to reduce its carbon emissions and has made significant achievements in this area. The bank has secured approval for RMB81.2 billion of eligible loans for carbon emission reduction and has gained access to low-cost re-lending facilities of RMB48.7 billion, ranking first in the industry. ICBC is actively working towards reducing the carbon emissions of its operations and promoting the work of carbon peak and carbon neutrality. The bank is committed to meeting regulatory requirements and ensuring that its green finance construction aligns with industry guidelines.

In terms of environmental impact, ICBC has implemented measures to minimize its significant impact on the environment and natural resources. The bank has policies in place to manage the significant impacts of its activities on the environment and has taken actions to address them. ICBC also acknowledges the significant climate-related issues that have impacted and may impact the bank and has implemented measures to manage these issues.

Overall, ICBC is committed to a reducing its carbon emissions. The bank has implemented various measures and achieved significant milestones in its green finance and environmental initiatives. ICBC's focus on ESG risk management, green credit, and low-carbon transformation demonstrates its commitment to sustainable development and responsible banking practices.

Data Insights

From

The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.

Be better informed