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In 2024, Bank of Shanghai 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 Shanghai has also provided a category-level breakdown for 3 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. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2024, the total operational greenhouse gas (GHG) emissions ofBank of Shanghai amounted to52,981.15metric 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 Shanghaiincreased by 1.07%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Bank of Shanghai were 2,980.77 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Since 2021, Bank of Shanghai's Scope 1 emissions have decreased by 22.18%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Bank of Shanghai's Scope 1 emissions decreased by 24.97%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Bank of Shanghai reported Scope 2 greenhouse gas (GHG) emissions of 50,000.38 tCOâ‚‚e without specifying the calculation method.a
Since 2021, Bank of Shanghai's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method)have decreased by 23.66%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year(2023), Bank of Shanghai's Scope 2 emissions(Unspecified Calculation Method) have remained relatively stable, indicating that Bank of Shanghai's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Bank of Shanghai reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Bank of Shanghai reported 10,200.46 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Bank of Shanghai includes a breakdown across 3of 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 Shanghai reported total Scope 3 emissions of 10,200.46 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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 Shanghai's Scope 3 emissions increased by 30.13%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Bank of Shanghai reported emissions for 3 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 Shanghai's Scope 3 emissions were:a
In 2024, Bank of Shanghai reported Scope 1 greenhouse gas (GHG) emissions of 2,980.77 tCOâ‚‚e and total revenues of USD 7,240 millions. This translates into an emissions intensity of 0.41 tCOâ‚‚e per millions USD.a
In 2024, Bank of Shanghai reported a Scope 1 emissions intensity of 0.41 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.37, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Bank of Shanghai ranked 17 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Bank of Shanghai 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 Shanghai reported a total carbon footprint of 63,181.61 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.85% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Bank of Shanghai's total carbon footprint was Scope 2 emissions, accounting for 79.14% of the company's total carbon footprint, followed by Scope 3 emissions at 16.14%.a