Bank Of China
Bank of China (BOC), one of the oldest and most prestigious financial institutions in China, was founded in 1912. Headquartered in Beijing, CN, BOC operates extensively across Asia, Europe, and the Americas, providing a wide range of banking and financial services. As a key player in the banking industry, BOC offers services including corporate banking, personal banking, investment banking, and wealth management, distinguished by its strong international presence and comprehensive product offerings. With a commitment to innovation and customer service, Bank of China has achieved significant milestones, including being one of the first Chinese banks to establish a global footprint. Its market position is reinforced by its ranking among the largest banks in the world, making it a trusted partner for both individual and corporate clients seeking reliable financial solutions.
DitchCarbon Score
How does Bank Of China's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Bank Of China's score of 54 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank Of China's reported carbon emissions
In 2024, the Bank of China (BOC) reported total carbon emissions of approximately 187,560,000 kg CO2e. This includes Scope 1 emissions of about 9,960 kg CO2e, primarily from mobile combustion, Scope 2 emissions of approximately 177,600 kg CO2e, and a significant Scope 3 contribution of about 22,698,500,000 kg CO2e from purchased goods and services. In 2023, BOC's total emissions were approximately 1,594,093,000 kg CO2e, with Scope 1 emissions at about 84,740,000 kg CO2e, Scope 2 emissions at approximately 1,509,353,000 kg CO2e, and Scope 3 emissions of about 6,466,000 kg CO2e. The bank has set ambitious reduction targets, aiming for a 40% reduction in absolute carbon emissions for both Scope 1 and Scope 2 by 2025, based on 2019 levels. Additionally, BOC has committed to achieving carbon neutrality in its operations by 2030, with specific initiatives to cease financing new coal mining and coal power projects outside of China from the fourth quarter of 2021. Long-term goals include a 50% reduction in Scope 1 and Scope 2 emissions by 2050 from a 2020 baseline. These commitments reflect BOC's proactive approach to climate change and its alignment with global sustainability standards. The emissions data and reduction initiatives are sourced from Bank of China Limited, with no cascaded data from parent organizations.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 88,718,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000 |
| Scope 2 | 1,498,463,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000 |
| Scope 3 | - | - | - | - | 0,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Bank Of China is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
