In 2023, Bank of China conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards.The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.
| Metric (tonnes) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Waste Generated | 41,093a | 45,715a | 45,770a | |
Total Waste Recovered | N/A | N/A | N/A | |
Total Hazardous Waste Generated | 660a | 1,296a | 1,228a | |
Non-Hazardous Waste Disposed | 40,433a | 44,419a | 44,542a |
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In 2023, Bank of China generated a total of 41,093 metric tonnes of waste.a
Of this amount, 1.61% of Bank of China's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment.98.39% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls.a
Since 2021, Bank of China's total waste generation decreased by 10.22%, with an additional 10.11% decline in 2023, suggesting a consistent and deliberate effort to minimize waste generation at the source.a
Over the same period, Bank of China reduced the hazardousness of its waste by 40.14%, with a further 43.35% decline in 2023, suggesting a sustained and meaningful shift toward safer waste profiles and lower environmental impact.a
Overall, Bank of China has made consistent and substantial progress in reducing both the quantity and the danger of its waste, highlighting a strong, well-executed waste strategy focused on minimizing environmental impact.a