Bank of China Ltd
Bank of China's GHG Emissions Data Preview
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 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Verified Sources Behind Bank of China’s Greenhouse Gas (GHG) Emissions Data
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Insights into Bank of China's Operational Emissions
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
Bank of China's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Bank of China's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Bank of China were 77,288 metric tons of CO₂ equivalent (tCO₂e). a
Has Bank of China reduced its Scope 1 emissions over time?
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. a b
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
What are Bank of China's Scope 2 emissions?
In 2024, Bank of China reported Scope 2 greenhouse gas (GHG) emissions of 1,138,311 tCO₂e without specifying the calculation method. a
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 decreased by 21.75%, reflecting a declining long-term trend in Scope 2 emissions over time. a b
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
What methodology does Bank of China use for Scope 2 reporting?
In 2024, Bank of China reported its Scope 2 emissions using an unspecified methodology. a
Bank of China's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Bank of China's Value Chain Emissions
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
Bank of China's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Bank of China's Scope 3 emissions?
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. a b
What categories of Scope 3 emissions does Bank of China disclose?
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.
What are the main sources of Bank of China's Scope 3 emissions?
In 2024, the largest contributors to Bank of China's Scope 3 emissions were: a
- Waste Generated in Operations (Cat. 5): 11,592 tCO₂e (100%)
Bank of China's Scope 3 Emissions by Categories
Insights into Bank of China’s GHG Emissions Intensity Compared to Industry Peers
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
Bank of China's Scope 1 Emissions Intensity Compared to Peers
How does Bank of China's GHG emissions intensity compare to its peers?
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 0.54 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Bank of China rank on GHG emissions intensity within its industry?
In 2024, Bank of China ranked 19 out of 24 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
Insights into Bank of China's Total Carbon Footprint
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. a b
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