Industrial and Commercial Bank of China Ltd

Common Name
ICBC
Country
China (Mainland)
Sector
Financial Services
Industry
Banks - Diversified
Employees
415,159
Ticker
601398
Exchange
SHANGHAI STOCK EXCHANGE
Description
Industrial & Commercial Bank of China Limited, known as one of the largest banks in the world, primarily operates as a commercial banking institution. Its primary function is to provide a comprehensiv...

ICBC's GHG Emissions Data Preview

In 2024, ICBC 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) and Scope 2 (indirect emissions from purchased energy).

However, ICBC has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
a
0000000
Total Scope 2
Unspecified Calculation Method
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
a
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.
a
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
a
0000000
Download Data

Verified Sources Behind ICBC’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 ICBC’s data sources below and access millions more through our Disclosure Search.

a. ICBC's Sustainability Report 2024
a. ICBC's Sustainability Report 2024
b. ICBC's CSR Report 2023
b. ICBC's CSR Report 2023

Insights into ICBC's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of ICBC amounted to 1,875,600 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 ICBC decreased by 7.6%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

ICBC's Scope 1 Emissions Over Time

2021202220232024035 k70 k105 k140 ktCO2e-25%+3%-1%
  • Total Scope 1
  • Year-over-Year Change

What are ICBC's Scope 1 emissions?

In 2024, the total Scope 1 emissions of ICBC were 99,600 metric tons of CO₂ equivalent (tCO₂e). a

Has ICBC reduced its Scope 1 emissions over time?

Since 2021, ICBC's Scope 1 emissions have decreased by 23.15%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), ICBC's Scope 1 emissions remained relatively stable, indicating that ICBC's emissions have plateaued with no significant change in its operational footprint. a

What are ICBC's Scope 2 emissions?

In 2024, ICBC reported Scope 2 greenhouse gas (GHG) emissions of 1,776,000 tCO₂e without specifying the calculation method. a

Has ICBC reduced its Scope 2 emissions over time?

Since 2021, ICBC's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have decreased by 12.64%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2023), ICBC's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that ICBC 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does ICBC use for Scope 2 reporting?

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

ICBC's Scope 2 Emissions Over Time

20212022202320240550 k1.1 M1.65 M2.2 MtCO2e
  • Total Scope 2 (Unspecified Calculation Method)

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

In 2024, ICBC reported Scope 1 greenhouse gas (GHG) emissions of 99,600 tCO₂e and total revenues of USD 111,986 millions. This translates into an emissions intensity of 0.89 tCO₂e per millions USD. a

ICBC's Scope 1 Emissions Intensity Compared to Peers

202005,00050,000500,000Scope 1 Emissions (tCO2e)1001,0005,00050,000500,000Revenues (Millions of USD)PACSBUPSHPPPICCYear: 2024Scope 1: 650 tCO2eRevenue: $M 82,248Scope 1 Intensity: 0.01 tCO2e/$MAAAgricultural Bank of ChinaYear: 2024Scope 1: 165,276 tCO2eRevenue: $M 97,353Scope 1 Intensity: 1.70 tCO2e/$MChina Merchants BankYear: 2024Scope 1: 53,300 tCO2eRevenue: $M 45,881Scope 1 Intensity: 1.16 tCO2e/$MChina Life InsuranceYear: 2024Scope 1: 95,978 tCO2eRevenue: $M 41,506Scope 1 Intensity: 2.31 tCO2e/$MCCChangjiang SecuritiesYear: 2023Scope 1: 632 tCO2eRevenue: $M 966Scope 1 Intensity: 0.65 tCO2e/$MSSSoochow SecuritiesYear: 2023Scope 1: 704 tCO2eRevenue: $M 1,571Scope 1 Intensity: 0.45 tCO2e/$MChina Construction BankYear: 2024Scope 1: 63,760 tCO2eRevenue: $M 102,707Scope 1 Intensity: 0.62 tCO2e/$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 CommunicationsYear: 2024Scope 1: 19,935 tCO2eRevenue: $M 35,409Scope 1 Intensity: 0.56 tCO2e/$MCaitong SecuritiesYear: 2023Scope 1: 121 tCO2eRevenue: $M 840Scope 1 Intensity: 0.14 tCO2e/$MUUUniversal MedicalYear: 2024Scope 1: 6,173 tCO2eRevenue: $M 2,048Scope 1 Intensity: 3.01 tCO2e/$MBank of ChangshaYear: 2023Scope 1: 862 tCO2eRevenue: $M 3,501Scope 1 Intensity: 0.25 tCO2e/$MChina Zheshang BankYear: 2024Scope 1: 3,464 tCO2eRevenue: $M 9,016Scope 1 Intensity: 0.38 tCO2e/$MSealand SecuritiesYear: 2023Scope 1: 66 tCO2eRevenue: $M 583Scope 1 Intensity: 0.11 tCO2e/$MChina Great Wall SecuritiesYear: 2023Scope 1: 102 tCO2eRevenue: $M 466Scope 1 Intensity: 0.22 tCO2e/$MCITIC SecuritiesYear: 2024Scope 1: 1,265 tCO2eRevenue: $M 8,728Scope 1 Intensity: 0.14 tCO2e/$MPPPostal Savings Bank of ChinaYear: 2024Scope 1: 5,547 tCO2eRevenue: $M 32,138Scope 1 Intensity: 0.17 tCO2e/$MFirst Capital SecuritiesYear: 2023Scope 1: 177 tCO2eRevenue: $M 328Scope 1 Intensity: 0.54 tCO2e/$MChina Pacific Insurance GroupYear: 2024Scope 1: 44,275 tCO2eRevenue: $M 42,679Scope 1 Intensity: 1.04 tCO2e/$MSPD BankYear: 2023Scope 1: 900 tCO2eRevenue: $M 24,390Scope 1 Intensity: 0.04 tCO2e/$MBank of ChinaYear: 2024Scope 1: 77,288 tCO2eRevenue: $M 86,240Scope 1 Intensity: 0.90 tCO2e/$MSSSinolink SecuritiesYear: 2023Scope 1: 216 tCO2eRevenue: $M 940Scope 1 Intensity: 0.23 tCO2e/$MHHHuishang BankYear: 2024Scope 1: 2,519 tCO2eRevenue: $M 5,036Scope 1 Intensity: 0.50 tCO2e/$MICBCYear: 2024Scope 1: 99,600 tCO2eRevenue: $M 111,986Scope 1 Intensity: 0.89 tCO2e/$M

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

In 2024, ICBC reported a Scope 1 emissions intensity of 0.89 tCO₂e per millions USD. Compared to the peer group median of 0.52 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

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

In 2024, ICBC ranked 18 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

ICBC is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Want Full Access to ICBC's GHG Emissions Dataset?
Sign Up