Grcb
Grcb, officially known as Grcb Bank, is a prominent financial institution headquartered in China (CN). Established in 2015, the bank has rapidly expanded its operations across major regions in Asia, focusing on providing innovative banking solutions. Grcb operates primarily in the banking and financial services industry, offering a diverse range of products including personal and corporate banking, wealth management, and digital financial services. What sets Grcb apart is its commitment to leveraging technology to enhance customer experience, making banking more accessible and efficient. The bank has achieved significant milestones, including recognition for its robust digital platform and customer-centric approach. With a strong market position, Grcb continues to be a key player in the evolving landscape of financial services, dedicated to meeting the needs of its clients in an increasingly competitive environment.
DitchCarbon Score
How does Grcb'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
Grcb's score of 29 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Grcb's reported carbon emissions
In 2022, Grcb reported total carbon emissions of approximately 9,021,190,070 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 99.5% of the total. Specifically, Scope 1 emissions were about 161,690 kg CO2e, while Scope 2 emissions totalled approximately 11,470,450 kg CO2e. The company has not disclosed any specific reduction targets or initiatives aimed at decreasing its carbon footprint, nor does it appear to have made any formal climate pledges. In previous years, Grcb's emissions were significantly lower, with total emissions of about 9,997,220 kg CO2e in 2020 and approximately 3,558,200 kg CO2e in 2019, indicating a substantial increase in emissions over the years. The lack of defined reduction targets suggests that Grcb may need to enhance its climate commitments to align with industry standards and expectations for sustainability.
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| 2019 | 2020 | 2022 | |
|---|---|---|---|
| Scope 1 | 53,890 | 00,000 | 000,000 |
| Scope 2 | 3,504,310 | 0,000,000 | 00,000,000 |
| Scope 3 | - | - | 0,000,000,000 |
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.
Grcb 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.
