China Merchants Bank Co Ltd
China Merchants Bank's Climate Target Data Preview
As of 2024, China Merchants Bank has disclosed 3 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 3 absolute reduction targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into China Merchants Bank's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 1 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy/Paste is a PRO feature.  a | 2025 |
Absolute-based Target* | Scope 2 - Electricity | Metric Tonnes of CO2 equivalent (mtCO2e) | 0000000 | 2025 |
Absolute-based Target* | Scope 3 - Purchased Goods and Services (Cat. 1) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy/Paste is a PRO feature.  a | 2025 |
Verified Sources Behind China Merchants Bank’s Climate Targets Data
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Insights into China Merchants Bank's Greenhouse Gas Emissions Pathways
As of 2024, China Merchants Bank has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.a
Does China Merchants Bank have a target to reduce the emissions from its operations?
As of 2024, China Merchants Bank has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
China Merchants Bank's most ambitious operational target is to reduce these emissions by 20% by 2025, compared to a baseline of 867.1 Metric Tonnes of CO2 equivalent (mtCO2e) in 2023.a
China Merchants Bank's Operational (Scope 1+2) Emissions Pathway
Does China Merchants Bank have a target to reduce the emissions from its value chain?
As of 2024, China Merchants Bank has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
China Merchants Bank's most ambitious value chain target is to reduce these emissions by 10% by 2025, compared to a baseline of 2,632.93 Metric Tonnes of CO2 equivalent (mtCO2e) in 2023.a