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 2023, 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)2023202220212020 - 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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Verified Sources Behind GRCB’s Greenhouse Gas (GHG) Emissions Data

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a. GRCB's CSR Report 2023
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Insights into GRCB's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of GRCB amounted to 12,290.74 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 2022, the total operational greenhouse gas (GHG) emissions of GRCB increased by 5.64%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

GRCB's Scope 1 Emissions Over Time

20212022202304590135180tCO2e-7%-17%
  • Total Scope 1
  • Year-over-Year Change

What are GRCB's Scope 1 emissions?

In 2023, the total Scope 1 emissions of GRCB were 136.46 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 22.38%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), GRCB's Scope 1 emissions decreased by 16.86%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are GRCB's Scope 2 emissions?

In 2023, GRCB reported Scope 2 greenhouse gas (GHG) emissions of 12,154.28 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

Compared to the previous year (2022), GRCB's Scope 2 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

What methodology does GRCB use for Scope 2 reporting?

In 2023, GRCB reported its Scope 2 emissions using an unspecified methodology. a

GRCB's Scope 2 Emissions Over Time

20212022202303.5 k7 k10.5 k14 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into GRCB's Value Chain Emissions

In 2023, GRCB reported 19.09 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 2023 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 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

GRCB's Scope 3 Emissions Over Time

2022202305101520tCO2e-4%
  • Total Scope 3
  • Year-over-Year Change

What are GRCB's Scope 3 emissions?

In 2023, GRCB reported total Scope 3 emissions of 19.09 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 (2022), GRCB's Scope 3 emissions remained relatively stable, indicating that GRCB 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does GRCB disclose?

In 2023, 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 2023, the largest contributors to GRCB's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 19.09 tCO₂e (100%)

GRCB's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(100.0%)

Insights into GRCB's Total Carbon Footprint

In 2023, GRCB reported a total carbon footprint of 12,309.83 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.62% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to GRCB's total carbon footprint was Scope 2 emissions, accounting for 98.74% of the company's total carbon footprint, followed by Scope 1 emissions at 1.11%. a

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