China Merchants Bank established and improved the climate risk management system, and built a climate change risk and opportunity assessment framework. According to the 2022 Sustainability Report, the company recorded a total of 1.02 ten thousand tons of CO2e GHG emissions in scope 1, and 24.78 ten thousand tons of CO2e GHG emissions in scope 2. The bank has taken steps to reduce emissions, including investing in renewable energy and energy-efficient technologies. The bank has also implemented a green finance system to support low-carbon projects and has set up a green supply chain management system to reduce emissions from its supply chain.

China Merchants Bank’s latest filings mentioned the keywords ‘Carbon’ and ' Green Finance’ most number of times in relation to 'Climate Change'. In 2022, the company provided RMB 18.725 billion in carbon emission reduction loans to 181 projects. These loans carried a weighted average interest rate of 3.58%. As a result of this initiative, the projects collectively achieved annual carbon emission reductions amounting to 3.6436 million tons of carbon dioxide equivalent. The bank has also implemented a green finance system to support low-carbon projects and has set up a green supply chain management system to reduce emissions from its supply chain.

In conclusion, China Merchants Bank has taken steps to reduce emissions, including investing in renewable energy and energy-efficient technologies. Thus, the bank has undertaken measures to decrease emissions, by establishing a green finance system to back low-carbon projects and introduced a green supply chain management system aimed at reducing emissions within its supply chain.

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