In 2024, Bank of China completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Bank of China has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 77,288a | 84,740a | 74,899a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 1,138,311a | 1,509,353a | 1,462,647a | |
Total Scope 3 | 11,592a | 6,466b | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.8962a | 0.9684a | 0.8919a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Bank of China amounted to 1,215,599 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Bank of China decreased by 23.74%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Bank of China were 77,288 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Bank of China's Scope 1 emissions have decreased by 2.55%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Bank of China's Scope 1 emissions decreased by 8.79%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Bank of China reported Scope 2 greenhouse gas (GHG) emissions of 1,138,311 tCO₂e without specifying the calculation method.a
Since 2021, Bank of China's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 21.75%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Bank of China's Scope 2 emissions (Unspecified Calculation Method) fell by 24.58% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Bank of China reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Bank of China reported 11,592 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Bank of China includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Bank of China reported total Scope 3 emissions of 11,592 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Bank of China's Scope 3 emissions increased by 79.28%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
In 2024, Bank of China reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Bank of China's Scope 3 emissions were:a
In 2024, Bank of China reported Scope 1 greenhouse gas (GHG) emissions of 77,288 tCO₂e and total revenues of USD 86,240 millions. This translates into an emissions intensity of 0.9 tCO₂e per millions USD.a
In 2024, Bank of China reported a Scope 1 emissions intensity of 0.9 tCO₂e per millions USD. Compared to the peer group median of 0.62, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Bank of China ranked 18 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Bank of China is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Bank of China reported a total carbon footprint of 1,227,191 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 23.33% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Bank of China's total carbon footprint was Scope 2 emissions, accounting for 92.76% of the company's total carbon footprint, followed by Scope 1 emissions at 6.3%.a