China Citic Bank Corp Ltd

Common Name
China Citic Bank
Country
China (Mainland)
Sector
Financial Services
Industry
Banks - Regional
Employees
65,466
Ticker
601998
Exchange
SHANGHAI STOCK EXCHANGE
Description
China Citic Bank Corporation Limited is a major financial institution based in China, offering a comprehensive range of banking services. Established as one of the leading commercial banks in China, i...

China Citic Bank Waste Data Preview

In 2023, China Citic Bank 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)2023202220212020 - 2017
Total Waste Generated
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a
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0000000
Total Waste Recovered
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0000000
Total Hazardous Waste Generated
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a
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0000000
Non-Hazardous Waste Disposed
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0000000
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Verified Sources Behind China Citic Bank’s Waste Management Data

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a. China Citic Bank's Sustainability Report 2023
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Insights into China Citic Bank’s Generation of Hazardous and Non-Hazardous Waste

In 2023, China Citic Bank generated a total of 1,481 metric tonnes of waste. a

Of this amount, 21.01% of China Citic Bank'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. 78.99% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls. a

China Citic Bank’s Hazardous vs Non-Hazardous Waste Over Time

20212022202304509001.35 k1.8 ktonnes
  • Total Non-Hazardous Waste Generated
  • Total Hazardous Waste Generated

How China Citic Bank reduced the environmental impact of its waste?

Since 2021, China Citic Bank's total waste generation decreased by 10.09%, with an additional 4.01% decline in 2023, suggesting a consistent and deliberate effort to minimize waste generation at the source. a

Over the same period, the share of hazardous waste in China Citic Bank's total output increased by 17.62%, including a further 7.65% rise in 2023, suggesting a troubling upward shift toward more environmentally harmful waste streams that could raise compliance costs and environmental risks. a

Overall, China Citic Bank's waste and hazardousness trends are mixed or inconclusive. A more detailed review of its materials, industry standards, and operational changes would help clarify the net environmental impact of its waste strategy. a

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