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) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Waste Generated | 1,481a | 1,542.85a | 1,647.18a | |
Total Waste Recovered | N/A | N/A | N/A | |
Total Hazardous Waste Generated | 311.19a | 301.15a | 294.27a | |
Non-Hazardous Waste Disposed | N/A | N/A | N/A |
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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
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