Shandong International Trust Co
Shandong International Trust Co., Ltd., commonly referred to as SITIC, is a prominent player in the financial services industry, headquartered in Shandong, China. Established in 1987, the company has evolved significantly, focusing on trust management, asset management, and investment services across major operational regions in China and beyond. SITIC distinguishes itself through its innovative financial products and comprehensive service offerings, catering to both individual and institutional clients. With a strong emphasis on risk management and client-centric solutions, the firm has garnered a solid reputation in the market. Notable achievements include its strategic partnerships and a robust portfolio that positions it as a leader in the trust sector. As a key contributor to the financial landscape, Shandong International Trust Co. continues to drive growth and innovation in the industry.
DitchCarbon Score
How does Shandong International Trust Co'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
Shandong International Trust Co's score of 17 is lower than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shandong International Trust Co's reported carbon emissions
In 2022, Shandong International Trust Co., based in China, reported total carbon emissions of approximately 1,207,000,000 kg CO2e. This figure includes about 116,000,000 kg CO2e from Scope 1 emissions and approximately 1,091,000,000 kg CO2e from Scope 2 emissions. The company has not disclosed any emissions data for 2023, nor does it have reported Scope 3 emissions. The emissions data for 2021 indicates a total of about 1,213,000,000 kg CO2e, with Scope 1 emissions at approximately 147,000,000 kg CO2e and Scope 2 emissions at around 1,066,000,000 kg CO2e. In 2020, the total emissions were about 1,281,000,000 kg CO2e, comprising approximately 138,000,000 kg CO2e from Scope 1 and about 1,143,000,000 kg CO2e from Scope 2. Shandong International Trust Co. has not set any specific reduction targets or initiatives, nor does it participate in recognised climate initiatives such as the Science Based Targets initiative (SBTi). The absence of documented reduction targets suggests a need for enhanced climate commitments in line with industry standards. Overall, while the company has substantial emissions, it currently lacks a structured approach to emissions reduction or climate pledges, which may impact its sustainability profile in the financial services sector.
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| 2020 | |
|---|---|
| Scope 1 | 20,160 |
| Scope 2 | 864,210 |
| Scope 3 | - |
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.
Shandong International Trust Co 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.
