China Asset Management Co., Ltd. (ChinaAMC) announced that it has completed the accounting of the carbon emissions from its 2021 corporate operations. The move set the base for the company to purchase corresponding carbon credits to fully offset its emissions.

In a first attempt to accurately measure the Scope 1, 2 and 3 of the company’s GHG emissions, ChinaAMC worked with CECEP Environmental Consulting Group to conduct the accounting. The accounting covers the Scope 1, 2 and part of the Scope 3 emissions occurred in 2021, and the emissions of the same scope in 2020 as a baseline.

The results show ChinaAMC’s total GHG emissions reduced slightly, from 9, 225.6 tCO2e in 2020 to 9, 034.8 tCO2e in 2021, and the per capita emissions fell more significantly from 9.5 tCO2e per person in 2020 to 8.94 tCO2e per person in 2021. The details are as shown below:

In the near term, ChinaAMC will offset the emissions by purchasing equivalent amount of I-REC and VCS, enabling the company to become carbon neutral at the corporate operational level, a target ChinaAMC set in July 2021.