Bank of Communications Co Ltd

Common Name
Bank of Communications
Country
China (Mainland)
Sector
Financial Services
Industry
Banks - Diversified
Employees
95,746
Ticker
601328
Exchange
SHANGHAI STOCK EXCHANGE
Description
Bank of Communications Co., Ltd. is a leading financial organization providing a diverse range of banking services. Established in 1908 and headquartered in Shanghai, China, it holds the distinction o...

Bank of Communications's GHG Emissions Data Preview

In 2024, Bank of Communications 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) and Scope 2 (indirect emissions from purchased energy).

However, Bank of Communications has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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b
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c
0000000
Total Scope 2
Unspecified Calculation Method
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b
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c
0000000
Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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b
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c
0000000
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Verified Sources Behind Bank of Communications’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Bank of Communications’s data sources below and access millions more through our Disclosure Search.

a. Bank of Communications's CSR Report 2024
a. Bank of Communications's CSR Report 2024
b. Bank of Communications's CSR Report 2023
b. Bank of Communications's CSR Report 2023
c. Bank of Communications's CSR Report 2022
c. Bank of Communications's CSR Report 2022

Insights into Bank of Communications's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Bank of Communications amounted to 487,403 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 Communications increased by 9.76%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b

Bank of Communications's Scope 1 Emissions Over Time

20222023202405.5 k11 k16.5 k22 ktCO2e+482%-3%
  • Total Scope 1
  • Year-over-Year Change

What are Bank of Communications's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Bank of Communications were 19,935 metric tons of CO₂ equivalent (tCO₂e). a

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

Since 2022, Bank of Communications's Scope 1 emissions have increased by 465.49%, reflecting a rising long-term trend in Scope 1 emissions over time. a c

Compared to the previous year (2023), Bank of Communications's Scope 1 emissions decreased by 2.78%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a b

What are Bank of Communications's Scope 2 emissions?

In 2024, Bank of Communications reported Scope 2 greenhouse gas (GHG) emissions of 467,468 tCO₂e without specifying the calculation method. a

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

Since 2022, Bank of Communications's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have increased by 745.64%, reflecting a rising long-term trend in Scope 2 emissions over time. a c

Compared to the previous year (2023), Bank of Communications's Scope 2 emissions (Unspecified Calculation Method) rose by 10.37% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a b

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

In 2024, Bank of Communications reported its Scope 2 emissions using an unspecified methodology. a

Bank of Communications's Scope 2 Emissions Over Time

2022202320240150 k300 k450 k600 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Bank of Communications’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Bank of Communications reported Scope 1 greenhouse gas (GHG) emissions of 19,935 tCO₂e and total revenues of USD 35,409 millions. This translates into an emissions intensity of 0.56 tCO₂e per millions USD. a

Bank of Communications's Scope 1 Emissions Intensity Compared to Peers

202005,00050,000500,000Scope 1 Emissions (tCO2e)1001,0005,00050,000500,000Revenues (Millions of USD)PACSBUPPPPICCYear: 2024Scope 1: 650 tCO2eRevenue: $M 82,248Scope 1 Intensity: 0.01 tCO2e/$MIndustrial BankYear: 2023Scope 1: 11,845 tCO2eRevenue: $M 29,657Scope 1 Intensity: 0.40 tCO2e/$MChina Reinsurance (Group)Year: 2024Scope 1: 10,046 tCO2eRevenue: $M 12,759Scope 1 Intensity: 0.79 tCO2e/$MAAAgricultural Bank of ChinaYear: 2024Scope 1: 165,276 tCO2eRevenue: $M 97,353Scope 1 Intensity: 1.70 tCO2e/$MChina Minsheng BankingYear: 2024Scope 1: 6,931 tCO2eRevenue: $M 18,676Scope 1 Intensity: 0.37 tCO2e/$MChina Everbright BankYear: 2023Scope 1: 4,656 tCO2eRevenue: $M 20,494Scope 1 Intensity: 0.23 tCO2e/$MICBCYear: 2024Scope 1: 99,600 tCO2eRevenue: $M 111,986Scope 1 Intensity: 0.89 tCO2e/$MChina Citic BankYear: 2024Scope 1: 6,778 tCO2eRevenue: $M 29,151Scope 1 Intensity: 0.23 tCO2e/$MCCChangjiang SecuritiesYear: 2023Scope 1: 632 tCO2eRevenue: $M 966Scope 1 Intensity: 0.65 tCO2e/$MSSSoochow SecuritiesYear: 2023Scope 1: 704 tCO2eRevenue: $M 1,571Scope 1 Intensity: 0.45 tCO2e/$MChina Construction BankYear: 2024Scope 1: 63,760 tCO2eRevenue: $M 102,707Scope 1 Intensity: 0.62 tCO2e/$MBBBank of GuizhouYear: 2024Scope 1: 2,321 tCO2eRevenue: $M 1,915Scope 1 Intensity: 1.21 tCO2e/$MPing An BankYear: 2023Scope 1: 19,221 tCO2eRevenue: $M 23,155Scope 1 Intensity: 0.83 tCO2e/$MCaitong SecuritiesYear: 2023Scope 1: 121 tCO2eRevenue: $M 840Scope 1 Intensity: 0.14 tCO2e/$MUUUniversal MedicalYear: 2024Scope 1: 6,173 tCO2eRevenue: $M 2,048Scope 1 Intensity: 3.01 tCO2e/$MBank of ChangshaYear: 2023Scope 1: 862 tCO2eRevenue: $M 3,501Scope 1 Intensity: 0.25 tCO2e/$MChina Zheshang BankYear: 2024Scope 1: 3,464 tCO2eRevenue: $M 9,016Scope 1 Intensity: 0.38 tCO2e/$MSealand SecuritiesYear: 2023Scope 1: 66 tCO2eRevenue: $M 583Scope 1 Intensity: 0.11 tCO2e/$MChina Great Wall SecuritiesYear: 2023Scope 1: 102 tCO2eRevenue: $M 466Scope 1 Intensity: 0.22 tCO2e/$MCITIC SecuritiesYear: 2024Scope 1: 1,265 tCO2eRevenue: $M 8,728Scope 1 Intensity: 0.14 tCO2e/$MPPPostal Savings Bank of ChinaYear: 2024Scope 1: 5,547 tCO2eRevenue: $M 32,138Scope 1 Intensity: 0.17 tCO2e/$MFirst Capital SecuritiesYear: 2023Scope 1: 177 tCO2eRevenue: $M 328Scope 1 Intensity: 0.54 tCO2e/$MChina Pacific Insurance GroupYear: 2024Scope 1: 44,275 tCO2eRevenue: $M 42,679Scope 1 Intensity: 1.04 tCO2e/$MSPD BankYear: 2023Scope 1: 900 tCO2eRevenue: $M 24,390Scope 1 Intensity: 0.04 tCO2e/$MBank of ChinaYear: 2024Scope 1: 77,288 tCO2eRevenue: $M 86,240Scope 1 Intensity: 0.90 tCO2e/$MBank of CommunicationsYear: 2024Scope 1: 19,935 tCO2eRevenue: $M 35,409Scope 1 Intensity: 0.56 tCO2e/$M

How does Bank of Communications's GHG emissions intensity compare to its peers?

In 2024, Bank of Communications reported a Scope 1 emissions intensity of 0.56 tCO₂e per millions USD. Compared to the peer group median of 0.4 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Bank of Communications rank on GHG emissions intensity within its industry?

In 2024, Bank of Communications ranked 16 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Bank of Communications is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

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