In 2024, China Construction Bank 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).
China Construction Bank has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 63,760.24a | 63,928.61a | 69,497.11a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 1,243,973.97a | 1,584,122.24a | 1,613,315.09a | |
Total Scope 3 | 20,288.51a | 17,602.43a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.6234a | 0.5911a | 0.6184a |
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In 2024, the total operational greenhouse gas (GHG) emissions of China Construction Bank amounted to 1,307,734.21 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 2023, the total operational greenhouse gas (GHG) emissions of China Construction Bank decreased by 20.65%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of China Construction Bank were 63,760.24 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, China Construction Bank's Scope 1 emissions have decreased by 49.94%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), China Construction Bank's Scope 1 emissions remained relatively stable, indicating that China Construction Bank's emissions have plateaued with no significant change in its operational footprint.a
In 2024, China Construction Bank reported Scope 2 greenhouse gas (GHG) emissions of 1,243,973.97 tCO₂e without specifying the calculation method.a
Since 2021, China Construction Bank's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 17.95%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), China Construction Bank's Scope 2 emissions (Unspecified Calculation Method) fell by 21.47% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, China Construction Bank reported its Scope 2 emissions using an unspecified methodology.a
In 2024, China Construction Bank reported 20,288.51 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 2024 disclosure of China Construction Bank includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, up from 1 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, China Construction Bank reported total Scope 3 emissions of 20,288.51 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
Compared to the previous year (2023), China Construction Bank's Scope 3 emissions increased by 15.26%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, China Construction Bank reported emissions for 2 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 China Construction Bank's Scope 3 emissions were:a
In 2024, China Construction Bank reported Scope 1 greenhouse gas (GHG) emissions of 63,760.24 tCO₂e and total revenues of USD 102,278 millions. This translates into an emissions intensity of 0.62 tCO₂e per millions USD.a
In 2024, China Construction Bank reported a Scope 1 emissions intensity of 0.62 tCO₂e per millions USD. Compared to the peer group median of 0.56, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, China Construction Bank ranked 14 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
China Construction Bank is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, China Construction Bank reported a total carbon footprint of 1,328,022.72 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 20.27% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to China Construction Bank's total carbon footprint was Scope 2 emissions, accounting for 93.67% of the company's total carbon footprint, followed by Scope 1 emissions at 4.8%.a