Postal Savings Bank of China Co Ltd

Common Name
Postal Savings Bank of China
Country
China (Mainland)
Sector
Financial Services
Industry
Banks - Regional
Employees
182,631
Ticker
601658
Exchange
SHANGHAI STOCK EXCHANGE
Description
Postal Savings Bank of China Co., Ltd. is a comprehensive financial services institution based in China. It primarily functions as a provider of retail banking products and services, catering to both ...

Postal Savings Bank of China's GHG Emissions Data Preview

In 2024, Postal Savings Bank of China 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).

Postal Savings Bank of China 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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0000000
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 Postal Savings Bank of China’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 Postal Savings Bank of China’s data sources below and access millions more through our Disclosure Search.

a. Postal Savings Bank of China's Sustainability Report 2024
a. Postal Savings Bank of China's Sustainability Report 2024
b. Postal Savings Bank of China's Environmental Report 2023
b. Postal Savings Bank of China's Environmental Report 2023

Insights into Postal Savings Bank of China's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Postal Savings Bank of China amounted to 216,227.01 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 Postal Savings Bank of China decreased by 66.05%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b

Postal Savings Bank of China's Scope 1 Emissions Over Time

2021202220232024015 k30 k45 k60 ktCO2e-7%+9%-88%
  • Total Scope 1
  • Year-over-Year Change

What are Postal Savings Bank of China's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Postal Savings Bank of China were 5,546.96 metric tons of CO₂ equivalent (tCO₂e). a

Has Postal Savings Bank of China reduced its Scope 1 emissions over time?

Since 2021, Postal Savings Bank of China's Scope 1 emissions have decreased by 87.65%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Postal Savings Bank of China's Scope 1 emissions decreased by 87.86%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a b

What are Postal Savings Bank of China's Scope 2 emissions?

In 2024, Postal Savings Bank of China reported Scope 2 greenhouse gas (GHG) emissions of 210,680.05 tCO₂e without specifying the calculation method. a

Has Postal Savings Bank of China reduced its Scope 2 emissions over time?

Since 2021, Postal Savings Bank of China's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have decreased by 60.34%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2023), Postal Savings Bank of China's Scope 2 emissions (Unspecified Calculation Method) fell by 64.36% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a b

What methodology does Postal Savings Bank of China use for Scope 2 reporting?

In 2024, Postal Savings Bank of China reported its Scope 2 emissions using an unspecified methodology. a

Postal Savings Bank of China's Scope 2 Emissions Over Time

20212022202320240150 k300 k450 k600 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Postal Savings Bank of China's Value Chain Emissions

In 2024, Postal Savings Bank of China reported 34.45 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 Postal Savings Bank of China includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Postal Savings Bank of China's Scope 3 Emissions Over Time

202409182736tCO2e
  • Total Scope 3
  • Year-over-Year Change

What are Postal Savings Bank of China's Scope 3 emissions?

In 2024, Postal Savings Bank of China reported total Scope 3 emissions of 34.45 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

What categories of Scope 3 emissions does Postal Savings Bank of China disclose?

In 2024, Postal Savings Bank of China 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 Postal Savings Bank of China's Scope 3 emissions?

In 2024, the largest contributors to Postal Savings Bank of China's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 34.45 tCO₂e (100%)

Postal Savings Bank of China's Scope 3 Emissions by Categories

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

Insights into Postal Savings Bank of China’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Postal Savings Bank of China reported Scope 1 greenhouse gas (GHG) emissions of 5,546.96 tCO₂e and total revenues of USD 32,138 millions. This translates into an emissions intensity of 0.17 tCO₂e per millions USD. a

Postal Savings Bank of China's Scope 1 Emissions Intensity Compared to Peers

101002,00020,000200,000Scope 1 Emissions (tCO2e)2002,00010,00050,000200,000Revenues (Millions of USD)BCJBHSPBBBank 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: $M 11,064Scope 1 Intensity: 0.86 tCO2e/$MGRCBYear: 2024Scope 1: 140 tCO2eRevenue: $M 2,350Scope 1 Intensity: 0.06 tCO2e/$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: $M 9,016Scope 1 Intensity: 0.38 tCO2e/$MSPD BankYear: 2023Scope 1: 900 tCO2eRevenue: $M 24,390Scope 1 Intensity: 0.04 tCO2e/$MBank of ChinaYear: 2024Scope 1: 77,288 tCO2eRevenue: $M 86,240Scope 1 Intensity: 0.90 tCO2e/$MHHHuishang BankYear: 2024Scope 1: 2,519 tCO2eRevenue: $M 5,036Scope 1 Intensity: 0.50 tCO2e/$MSSShanghai Rural Commercial BankYear: 2024Scope 1: 1,917 tCO2eRevenue: $M 3,545Scope 1 Intensity: 0.54 tCO2e/$MPPPostal Savings Bank of ChinaYear: 2024Scope 1: 5,547 tCO2eRevenue: $M 32,138Scope 1 Intensity: 0.17 tCO2e/$M

How does Postal Savings Bank of China's GHG emissions intensity compare to its peers?

In 2024, Postal Savings Bank of China reported a Scope 1 emissions intensity of 0.17 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 Postal Savings Bank of China rank on GHG emissions intensity within its industry?

In 2024, Postal Savings Bank of China ranked 6 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

Insights into Postal Savings Bank of China's Total Carbon Footprint

In 2024, Postal Savings Bank of China reported a total carbon footprint of 216,261.46 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 66.04% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a b

The largest contributor to Postal Savings Bank of China's total carbon footprint was Scope 2 emissions, accounting for 97.42% of the company's total carbon footprint, followed by Scope 1 emissions at 2.56%. a

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