Guangzhou Rural Commercial Bank Co Ltd

Common Name
GRCB
Country
China (Mainland)
Sector
Financial Services
Industry
Banks - Regional
Employees
12,604
Ticker
1551
Exchange
HONG KONG EXCHANGES AND CLEARING LTD
Description
Guangzhou Rural Commercial Bank Co. Ltd. is a prominent regional bank that focuses primarily on providing comprehensive financial services to rural communities in China. It plays a vital role in suppo...

GRCB's GHG Emissions Data Preview

In 2024, GRCB 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).

GRCB has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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0000000
Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind GRCB’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore GRCB’s data sources below and access millions more through our Disclosure Search.

a. GRCB's ESG Report 2024
a. GRCB's ESG Report 2024
b. GRCB's CSR Report 2023
b. GRCB's CSR Report 2023

Insights into GRCB's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of GRCB amounted to 11,042.86 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 GRCB decreased by 10.15%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

GRCB's Scope 1 Emissions Over Time

202120222023202404590135180tCO2e-7%-17%+2%
  • Total Scope 1
  • Year-over-Year Change

What are GRCB's Scope 1 emissions?

In 2024, the total Scope 1 emissions of GRCB were 139.8 metric tons of CO₂ equivalent (tCO₂e). a

Has GRCB reduced its Scope 1 emissions over time?

Since 2021, GRCB's Scope 1 emissions have decreased by 20.48%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), GRCB's Scope 1 emissions increased by 2.45%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are GRCB's Scope 2 emissions?

In 2024, GRCB reported Scope 2 greenhouse gas (GHG) emissions of 10,903.06 tCO₂e without specifying the calculation method. a

Has GRCB reduced its Scope 2 emissions over time?

Since 2021, GRCB's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have remained relatively stable, indicating that GRCB 's emissions have plateaued with no significant change in its energy consumption footprint. a b

Compared to the previous year (2023), GRCB's Scope 2 emissions (Unspecified Calculation Method) fell by 10.29% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does GRCB use for Scope 2 reporting?

In 2024, GRCB reported its Scope 2 emissions using an unspecified methodology. a

GRCB's Scope 2 Emissions Over Time

202120222023202403.5 k7 k10.5 k14 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into GRCB's Value Chain Emissions

In 2024, GRCB reported 6,297,721.56 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 GRCB includes a breakdown across 1 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

GRCB's Scope 3 Emissions Over Time

20222023202402 M4 M6 M8 MtCO2e+36602410%-14%
  • Total Scope 3
  • Year-over-Year Change

What are GRCB's Scope 3 emissions?

In 2024, GRCB reported total Scope 3 emissions of 6,297,721.56 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2023), GRCB's Scope 3 emissions decreased by 13.76%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does GRCB disclose?

In 2024, GRCB reported emissions for 1 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.

What are the main sources of GRCB's Scope 3 emissions?

In 2024, the largest contributors to GRCB's Scope 3 emissions were: a

  • Investments (Cat. 15): 6,297,721.56 tCO₂e (100%)

GRCB's Scope 3 Emissions by Categories

Investments(Cat. 15)(100.0%)

Insights into GRCB’s GHG Emissions Intensity Compared to Industry Peers

In 2024, GRCB reported Scope 1 greenhouse gas (GHG) emissions of 139.8 tCO₂e and total revenues of USD 2,350 millions. This translates into an emissions intensity of 0.06 tCO₂e per millions USD. a

GRCB's Scope 1 Emissions Intensity Compared to Peers

101001,00010,000200,000Scope 1 Emissions (tCO2e)2001,0005,00020,000100,000Revenues (Millions of USD)BCJBPHSBBBank of ChongqingYear: 2021Scope 1: 23 tCO2eRevenue: $M 2,225Scope 1 Intensity: 0.01 tCO2e/$MHua Xia BankYear: 2024Scope 1: 2,700 tCO2eRevenue: $M 13,307Scope 1 Intensity: 0.20 tCO2e/$MIndustrial BankYear: 2023Scope 1: 11,845 tCO2eRevenue: $M 29,657Scope 1 Intensity: 0.40 tCO2e/$MCCChongqing Rural Commercial BankYear: 2024Scope 1: 791 tCO2eRevenue: $M 3,794Scope 1 Intensity: 0.21 tCO2e/$MBank of ShanghaiYear: 2023Scope 1: 3,973 tCO2eRevenue: $M 7,111Scope 1 Intensity: 0.56 tCO2e/$MBank of JiangsuYear: 2024Scope 1: 9,505 tCO2eRevenue: $M 11,064Scope 1 Intensity: 0.86 tCO2e/$MChina Merchants BankYear: 2024Scope 1: 53,300 tCO2eRevenue: $M 45,881Scope 1 Intensity: 1.16 tCO2e/$MChina Minsheng BankingYear: 2024Scope 1: 6,931 tCO2eRevenue: $M 18,676Scope 1 Intensity: 0.37 tCO2e/$MBank of SuzhouYear: 2024Scope 1: 630 tCO2eRevenue: $M 1,665Scope 1 Intensity: 0.38 tCO2e/$MChina Everbright BankYear: 2023Scope 1: 4,656 tCO2eRevenue: $M 20,494Scope 1 Intensity: 0.23 tCO2e/$MQingdao Rural Commercial BankYear: 2023Scope 1: 155 tCO2eRevenue: $M 1,449Scope 1 Intensity: 0.11 tCO2e/$MJJJiangsu Changshu Rural Commercial BankYear: 2023Scope 1: 966 tCO2eRevenue: $M 1,373Scope 1 Intensity: 0.70 tCO2e/$MBank of BeijingYear: 2023Scope 1: 164 tCO2eRevenue: $M 9,321Scope 1 Intensity: 0.02 tCO2e/$MBank of NanjingYear: 2023Scope 1: 2,792 tCO2eRevenue: $M 6,236Scope 1 Intensity: 0.45 tCO2e/$MChina Citic BankYear: 2024Scope 1: 6,778 tCO2eRevenue: $M 29,151Scope 1 Intensity: 0.23 tCO2e/$MBank of GuiyangYear: 2023Scope 1: 1,438 tCO2eRevenue: $M 2,124Scope 1 Intensity: 0.68 tCO2e/$MBBBank of GuizhouYear: 2024Scope 1: 2,321 tCO2eRevenue: $M 1,915Scope 1 Intensity: 1.21 tCO2e/$MPing An BankYear: 2023Scope 1: 19,221 tCO2eRevenue: $M 23,155Scope 1 Intensity: 0.83 tCO2e/$MBank of ChangshaYear: 2023Scope 1: 862 tCO2eRevenue: $M 3,501Scope 1 Intensity: 0.25 tCO2e/$MChina Zheshang BankYear: 2024Scope 1: 3,464 tCO2eRevenue: $M 9,016Scope 1 Intensity: 0.38 tCO2e/$MPPPostal Savings Bank of ChinaYear: 2024Scope 1: 5,547 tCO2eRevenue: $M 32,138Scope 1 Intensity: 0.17 tCO2e/$MSPD BankYear: 2023Scope 1: 900 tCO2eRevenue: $M 24,390Scope 1 Intensity: 0.04 tCO2e/$MHHHuishang BankYear: 2024Scope 1: 2,519 tCO2eRevenue: $M 5,036Scope 1 Intensity: 0.50 tCO2e/$MSSShanghai Rural Commercial BankYear: 2024Scope 1: 1,917 tCO2eRevenue: $M 3,545Scope 1 Intensity: 0.54 tCO2e/$MGRCBYear: 2024Scope 1: 140 tCO2eRevenue: $M 2,350Scope 1 Intensity: 0.06 tCO2e/$M

How does GRCB's GHG emissions intensity compare to its peers?

In 2024, GRCB reported a Scope 1 emissions intensity of 0.06 tCO₂e per millions USD. Compared to the peer group median of 0.38 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does GRCB rank on GHG emissions intensity within its industry?

In 2024, GRCB ranked 4 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places GRCB among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into GRCB's Total Carbon Footprint

In 2024, GRCB reported a total carbon footprint of 6,308,764.42 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 13.75% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to GRCB's total carbon footprint was Scope 3 emissions, accounting for 99.82% of the company's total carbon footprint, followed by Scope 2 emissions at 0.17%. a

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