CITIC Bank

The company has a total score of E - Committed but not planning. This score reflects two dimensions: transition plan quality (TPQ), for which the company scores 2 out of 5; and contribution to the low-carbon transition (CTT), for which the company scores 0 out of 2. A TPQ score of 2 - “GHG Committed” (shown in the x axis of the figure) indicates that the company discloses GHG emissions at a sufficient level of granularity and/or provides sufficient information to assess the credibility of at least one emissions target. The company also complies with a maximum of three of the key elements of a transition plan, but the plan lacks details on the nature and time frame of the company’s decarbonisation levers/actions, their emissions coverage, and the consideration of future risks and uncertainties. The CTT score is 0, meaning that the company is not deploying sufficient levels of low-carbon investments, and the emissions reductions and targets are incompatible with an ambitious 1.5°C sectoral pathway. The y axis in the figure shows the result of indicator F01.A, the alignment of the company’s emissions (for most companies), production (for climate solutions providers) or financial activity (for financial institutions) with a 1.5°C ambition - a key component of CTT. The deployment of low-carbon investments, based on annual investment for real economy companies and the ambition of investment targets for financial institutions, forms another component of CTT and is shown in the scatterplot below.