In 2024, China Merchants Securities 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 Merchants Securities 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 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2024, the total operational greenhouse gas (GHG) emissions of China Merchants Securities amounted to 26,716 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 Merchants Securities decreased by 12.27%, 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 Merchants Securities were 669 metric tons of CO₂ equivalent (tCO₂e). a
Since 2018, China Merchants Securities's Scope 1 emissions have decreased by 57.63%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2023), China Merchants Securities's Scope 1 emissions decreased by 8.98%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
In 2024, China Merchants Securities reported Scope 2 greenhouse gas (GHG) emissions of 26,047 tCO₂e without specifying the calculation method. a
Since 2018, China Merchants Securities's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have increased by 43.85%, reflecting a rising long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2023), China Merchants Securities's Scope 2 emissions (Unspecified Calculation Method) fell by 12.36% 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 Merchants Securities reported its Scope 2 emissions using an unspecified methodology. a
In 2024, China Merchants Securities reported 5,221 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 Merchants Securities includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
In 2024, China Merchants Securities reported total Scope 3 emissions of 5,221 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 Merchants Securities's Scope 3 emissions remained relatively stable, indicating that China Merchants Securities 's emissions have plateaued with no significant change in its value chain footprint. a
In 2024, China Merchants Securities 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 Merchants Securities's Scope 3 emissions were: a
In 2024, China Merchants Securities reported Scope 1 greenhouse gas (GHG) emissions of 669 tCO₂e and total revenues of USD 2,659 millions. This translates into an emissions intensity of 0.25 tCO₂e per millions USD. a
In 2024, China Merchants Securities reported a Scope 1 emissions intensity of 0.25 tCO₂e per millions USD. Compared to the peer group median of 0.23 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
In 2024, China Merchants Securities ranked 15 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
China Merchants Securities is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
In 2024, China Merchants Securities reported a total carbon footprint of 31,937 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 11.27% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to China Merchants Securities's total carbon footprint was Scope 2 emissions, accounting for 81.56% of the company's total carbon footprint, followed by Scope 3 emissions at 16.35%. a