In 2024, 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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Waste Generated | 2,191.27a | 1,281.26a | 1,187.48a | |
Total Waste Recovered | N/A | N/A | N/A | |
Total Hazardous Waste Generated | 90.76a | 40.36a | 42.24a | |
Non-Hazardous Waste Disposed | N/A | N/A | N/A |
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In 2024, China Citic Bank generated a total of 2,191 metric tonnes of waste.a
Of this amount, 4.14% 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.95.86% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls.a
Since 2022, China Citic Bank's total waste generation increased by 84.53%, including a 71.02% rise in 2024, reflecting a persistent upward trend that could be linked to operational growth, inefficient material use, or limited investment in waste prevention systems.a
Over the same period, the share of hazardous waste in China Citic Bank's total output increased by 16.44%, including a further 31.49% rise in 2024, suggesting a troubling upward shift toward more environmentally harmful waste streams that could raise compliance costs and environmental risks.a
Overall, China Citic Bank has seen a continuous rise in both total waste and hazardous waste over time, signaling a worsening environmental impact that may require urgent reassessment of material sourcing, production processes, or waste mitigation strategies.a