Bank of Shanghai Co Ltd

Common Name
Bank of Shanghai
Country
China (Mainland)
Sector
Financial Services
Industry
Banks - Regional
Employees
14,712
Ticker
601229
Exchange
SHANGHAI STOCK EXCHANGE
Description
Bank of Shanghai Co., Ltd. is a commercial banking institution providing a broad spectrum of financial services within China. Established in Shanghai, it serves as an integral component of the regiona...

Bank of Shanghai's GHG Emissions Data Preview

In 2023, 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)2023202220212020 - 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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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Bank of Shanghai’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 Shanghai’s data sources below and access millions more through our Disclosure Search.

a. Bank of Shanghai's ESG Report 2023
a. Bank of Shanghai's ESG Report 2023

Insights into Bank of Shanghai's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Bank of Shanghai amounted to 52,421.81 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 2022, the total operational greenhouse gas (GHG) emissions of Bank of Shanghai increased by 4.07%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Bank of Shanghai's Scope 1 Emissions Over Time

20212022202301 k2 k3 k4 ktCO2e-11%+17%
  • Total Scope 1
  • Year-over-Year Change

What are Bank of Shanghai's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Bank of Shanghai were 3,972.79 metric tons of CO₂ equivalent (tCO₂e). a

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

Since 2021, Bank of Shanghai's Scope 1 emissions have increased by 3.71%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Bank of Shanghai's Scope 1 emissions increased by 16.74%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Bank of Shanghai's Scope 2 emissions?

In 2023, Bank of Shanghai reported Scope 2 greenhouse gas (GHG) emissions of 48,449.02 tCO₂e without specifying the calculation method. a

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

Since 2021, Bank of Shanghai's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have decreased by 26.02%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), 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

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

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

Bank of Shanghai's Scope 2 Emissions Over Time

202120222023020 k40 k60 k80 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Bank of Shanghai's Value Chain Emissions

In 2023, Bank of Shanghai reported 7,838.85 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 2023 disclosure of Bank of Shanghai includes a breakdown across 3 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 a

Bank of Shanghai's Scope 3 Emissions Over Time

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

What are Bank of Shanghai's Scope 3 emissions?

In 2023, Bank of Shanghai reported total Scope 3 emissions of 7,838.85 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

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

In 2023, 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.

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

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

  • Employee Commuting (Cat. 7): 6,186.16 tCO₂e (78.92%)
  • Business Travel (Cat. 6): 1,389.03 tCO₂e (17.72%)
  • Waste Generated in Operations (Cat. 5): 263.66 tCO₂e (3.36%)

Bank of Shanghai's Scope 3 Emissions by Categories

Waste Generated inOperations (Cat. 5)(3.4%)Employee Commuting(Cat. 7)(78.9%)Business Travel(Cat. 6)(17.7%)

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

In 2023, Bank of Shanghai reported Scope 1 greenhouse gas (GHG) emissions of 3,972.79 tCO₂e and total revenues of USD 7,111 millions. This translates into an emissions intensity of 0.56 tCO₂e per millions USD. a

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

101001,00010,000200,000Scope 1 Emissions (tCO2e)2001,0005,00020,000100,000Revenues (Millions of USD)BCJBPHSBBBank of ChongqingYear: 2021Scope 1: 23 tCO2eRevenue: $M 2,225Scope 1 Intensity: 0.01 tCO2e/$MHua Xia BankYear: 2024Scope 1: 2,700 tCO2eRevenue: $M 13,307Scope 1 Intensity: 0.20 tCO2e/$MIndustrial BankYear: 2023Scope 1: 11,845 tCO2eRevenue: $M 29,657Scope 1 Intensity: 0.40 tCO2e/$MCCChongqing Rural Commercial BankYear: 2024Scope 1: 791 tCO2eRevenue: $M 3,794Scope 1 Intensity: 0.21 tCO2e/$MBank of JiangsuYear: 2024Scope 1: 9,505 tCO2eRevenue: $M 11,064Scope 1 Intensity: 0.86 tCO2e/$MGRCBYear: 2024Scope 1: 140 tCO2eRevenue: $M 2,350Scope 1 Intensity: 0.06 tCO2e/$MChina Merchants BankYear: 2024Scope 1: 53,300 tCO2eRevenue: $M 45,881Scope 1 Intensity: 1.16 tCO2e/$MChina Minsheng BankingYear: 2024Scope 1: 6,931 tCO2eRevenue: $M 18,676Scope 1 Intensity: 0.37 tCO2e/$MBank of SuzhouYear: 2024Scope 1: 630 tCO2eRevenue: $M 1,665Scope 1 Intensity: 0.38 tCO2e/$MChina Everbright BankYear: 2023Scope 1: 4,656 tCO2eRevenue: $M 20,494Scope 1 Intensity: 0.23 tCO2e/$MQingdao Rural Commercial BankYear: 2023Scope 1: 155 tCO2eRevenue: $M 1,449Scope 1 Intensity: 0.11 tCO2e/$MJJJiangsu Changshu Rural Commercial BankYear: 2023Scope 1: 966 tCO2eRevenue: $M 1,373Scope 1 Intensity: 0.70 tCO2e/$MBank of BeijingYear: 2023Scope 1: 164 tCO2eRevenue: $M 9,321Scope 1 Intensity: 0.02 tCO2e/$MBank of NanjingYear: 2023Scope 1: 2,792 tCO2eRevenue: $M 6,236Scope 1 Intensity: 0.45 tCO2e/$MChina Citic BankYear: 2024Scope 1: 6,778 tCO2eRevenue: $M 29,151Scope 1 Intensity: 0.23 tCO2e/$MBank of GuiyangYear: 2023Scope 1: 1,438 tCO2eRevenue: $M 2,124Scope 1 Intensity: 0.68 tCO2e/$MBBBank of GuizhouYear: 2024Scope 1: 2,321 tCO2eRevenue: $M 1,915Scope 1 Intensity: 1.21 tCO2e/$MPing An BankYear: 2023Scope 1: 19,221 tCO2eRevenue: $M 23,155Scope 1 Intensity: 0.83 tCO2e/$MBank of ChangshaYear: 2023Scope 1: 862 tCO2eRevenue: $M 3,501Scope 1 Intensity: 0.25 tCO2e/$MChina Zheshang BankYear: 2024Scope 1: 3,464 tCO2eRevenue: $M 9,016Scope 1 Intensity: 0.38 tCO2e/$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: $M 32,138Scope 1 Intensity: 0.17 tCO2e/$MSPD BankYear: 2023Scope 1: 900 tCO2eRevenue: $M 24,390Scope 1 Intensity: 0.04 tCO2e/$MHHHuishang BankYear: 2024Scope 1: 2,519 tCO2eRevenue: $M 5,036Scope 1 Intensity: 0.50 tCO2e/$MSSShanghai Rural Commercial BankYear: 2024Scope 1: 1,917 tCO2eRevenue: $M 3,545Scope 1 Intensity: 0.54 tCO2e/$MBank of ShanghaiYear: 2023Scope 1: 3,973 tCO2eRevenue: $M 7,111Scope 1 Intensity: 0.56 tCO2e/$M

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

In 2023, Bank of Shanghai reported a Scope 1 emissions intensity of 0.56 tCO₂e 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

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

In 2023, Bank of Shanghai ranked 20 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e 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

Insights into Bank of Shanghai's Total Carbon Footprint

In 2023, Bank of Shanghai reported a total carbon footprint of 60,260.66 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 19.63% increase compared to 2022, 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 80.4% of the company's total carbon footprint, followed by Scope 3 emissions at 13.01%. a

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