GlobalData offers a comprehensive analysis of Postal Savings Bank of China, 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 Postal Savings Bank of China‘s ESG performance. GlobalData’s company profile on Postal Savings Bank of China 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.
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Postal Savings Bank of China, a major Chinese bank is focused on reducing its greenhouse gas (GHG) emissions. The institution is dedicated to advancing sustainable, green, and climate-friendly finance, aspiring to become a leading eco-friendly bank. Its focus contributes to China's goals of reaching carbon peaking and carbon neutrality, contributing to the protection of the Earth. In 2022, the company reported a total of 214,016.26 tons of greenhouse gas emissions (Scope 1 and Scope 2). Scope 1 emissions amounted to 4,850.65 tons, while Scope 2 emissions were recorded at 209,165.61 tons. At the end of 2022, the company's green loans portfolio reached RMB 496,549 million, marking a notable increase of 33.38% compared to the previous year-end.
The company's environmental and social responsibility reports indicate that it is actively working towards reducing its emissions. The bank has implemented measures to support green and low-carbon development, boost new drivers of economic development, and develop green finance. These initiatives are aimed at reducing the bank's carbon footprint and promoting sustainable practices. Postal Savings Bank of China has taken steps to achieve its emission reduction goals and net-zero targets. The bank has made investments in green and low-carbon development, as well as in developing green finance. It is also actively supporting micro, small, and medium-sized enterprises in adopting sustainable practices.
In conclusion, Postal Savings Bank of China is actively working towards reducing its GHG emissions through various initiatives, including investments in green and low-carbon development and the development of green finance. By implementing responsible banking practices and promoting sustainability, the bank aims to reduce its carbon footprint and contribute to a more sustainable future.
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