Bank of China Ltd

Common Name
Bank of China
Country
China (Mainland)
Sector
Financial Services
Industry
Banks - Diversified
Employees
312,757
Ticker
601988
Exchange
SHANGHAI STOCK EXCHANGE
Website
www.boc.cn
Description
Bank of China Ltd. is a prominent state-owned commercial bank in China, recognized for its comprehensive range of financial services. Established in 1912, the bank plays a vital role in the domestic a...

Bank of China's GHG Emissions Data Preview

In 2023, 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)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Bank of China's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Bank of China amounted to 1,594,093 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Bank of China increased by 3.68%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Bank of China's Scope 1 Emissions Over Time

202120222023025 k50 k75 k100 ktCO2e-6%+13%
  • Total Scope 1
  • Year-over-Year Change

What are Bank of China's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Bank of China were 84,740 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Bank of China reduced its Scope 1 emissions over time?

Since 2021, Bank of China's Scope 1 emissions have increased by 6.85%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Bank of China's Scope 1 emissions increased by 13.14%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Bank of China's Scope 2 emissions?

In 2023, Bank of China reported Scope 2 greenhouse gas (GHG) emissions of 1,509,353 tCOâ‚‚e without specifying the calculation method.

Has Bank of China reduced its Scope 2 emissions over time?

Since 2021, Bank of China's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Bank of China 's emissions have plateaued with no significant change in its energy consumption footprint.

Compared to the previous year (2022), Bank of China's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Bank of China 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Bank of China use for Scope 2 reporting?

In 2023, Bank of China reported its Scope 2 emissions using an unspecified methodology.

Bank of China's Scope 2 Emissions Over Time

2021202220230400 k800 k1.2 M1.6 MtCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Bank of China's Value Chain Emissions

In 2023, Bank of China reported 6,466 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Bank of China includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain

Bank of China's Scope 3 Emissions Over Time

202302 k4 k6 k8 ktCO2e
  • Total Scope 3
  • Year-over-Year Change

What are Bank of China's Scope 3 emissions?

In 2023, Bank of China reported total Scope 3 emissions of 6,466 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

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.

What categories of Scope 3 emissions does Bank of China disclose?

In 2023, Bank of China reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Bank of China's Scope 3 emissions?

In 2023, the largest contributors to Bank of China's Scope 3 emissions were:

  • Waste Generated in Operations (Cat. 5): 6,466 tCOâ‚‚e (100%)

Bank of China's Scope 3 Emissions by Categories

Waste Generated inOperations (Cat. 5)(100.0%)

Insights into Bank of China's Total Carbon Footprint

In 2023, Bank of China reported a total carbon footprint of 1,600,559 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.1% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Bank of China's total carbon footprint was Scope 2 emissions, accounting for 94.3% of the company's total carbon footprint, followed by Scope 1 emissions at 5.29%.

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