This report marks the second edition of the Climate Action Report published by College of Business,Shanghai University of Finance and Economics (SUFE COB). Its primary objective is to objectively inform various sectors of society about the College’s strategies and initiatives for addressing climate change, while also disclosing the current state of the College’s greenhouse gas emissions.

The data for this carbon inventory spans the period from January 1 to December 31, 2024.

The organizational scope of this carbon inventory encompasses the main campuses of SUFE COB, specifically  Wudong Road Campus and  North Zhongshan 1 Rd. Campus.

In 2024, the College’s total greenhouse gas emissions amounted to 418.15 tons of carbon dioxide equivalent (tCO₂e). Breakdown of the emissions is as follows: Scope 1 emissions stood at 40.30 tCO₂e, Scope 2 emissions reached 244.51 tCO₂e, and Scope 3 emissions totaled 133.33 tCO₂e.

Compared with 2023, there were no significant changes in the organizational boundary, operational scope, or emission sources for the 2024 greenhouse gas inventory. The inventory results indicate that within the surveyed scope, indirect greenhouse gas emissions from purchased electricity (categorized under Scope 2) remained the College’s primary source of greenhouse gas emissions, accounting for nearly 60% of the total. Additionally, the College’s total emissions in 2024 rose by approximately 8.7% compared to 2023, primarily driven by increased electricity consumption and greater business travel by faculty members.

The College will implement further energy-saving measures, enhance publicity initiatives focused on emission reduction, and take gradual steps to cut greenhouse gas emissions across Scope 1, Scope 2, and Scope 3. Moreover, in the years ahead, the College plans to formulate its carbon neutrality goals and action roadmap. This formulation will be based on the current status of the College’s greenhouse gas emissions, while also taking into account available technologies and resources.

SUFE COB has long placed great emphasis on sustainable development, integrating low-carbon concepts into its daily operations, research endeavors, and teaching practices. Since 2024, the College has released the Climate Action Report for two consecutive years, serving as a strong testament to its determination and commitment to proactively addressing climate change and supporting the transition toward a green economy.

By systematically assessing the current state of the College’s carbon emissions, we are steadily strengthening the foundation for climate management and exploring viable pathways for low-carbon transformation. Looking to the future, the College will define its carbon neutrality goals and action plans, advance efforts to reduce greenhouse gas emissions, continuously refine emission reduction strategies, and ensure the effective implementation of carbon reduction actions. Meanwhile, the College will persist in promoting high-quality business research and education. Leveraging its advanced and profound expertise in sustainable business concepts, insights, and practices, it will contribute significantly to addressing global climate challenges and fostering the development of a sustainable economy.