Cathay Financial Holding Co
Cathay Financial Holding Co., often referred to as Cathay Holdings, is a prominent financial services conglomerate headquartered in Taiwan (TW). Established in 2000, the company has rapidly evolved to become a key player in the financial industry, with significant operations across Asia and beyond. Cathay Financial Holding Co. primarily operates in the insurance, banking, and asset management sectors, offering a diverse range of products and services tailored to meet the needs of individual and corporate clients. Its unique approach combines innovative financial solutions with a strong commitment to customer service, setting it apart in a competitive market. With a solid market position, Cathay Holdings has achieved notable milestones, including recognition for its robust financial performance and commitment to sustainable practices. The company continues to strengthen its reputation as a leader in the financial services landscape, driven by a focus on growth and excellence.
DitchCarbon Score
How does Cathay Financial Holding 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 Insurance Services 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
Cathay Financial Holding Co's score of 57 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Cathay Financial Holding Co's reported carbon emissions
In 2023, Cathay Financial Holding Co, headquartered in Taiwan (TW), reported carbon emissions of approximately 4,031,190 kg CO2e for Scope 1 and about 44,879,340 kg CO2e for Scope 2, totalling around 48,910,530 kg CO2e. This reflects their ongoing commitment to reducing greenhouse gas emissions in line with climate science. Cathay Financial has set ambitious reduction targets, aiming for a 4.2% annual reduction in both Scope 1 and Scope 2 emissions, with a cumulative reduction target of 11.7% by 2025 from a 2020 baseline. Long-term goals include a 42% reduction by 2050. Additionally, they are committed to achieving net-zero emissions across all scopes by 2050, with their portfolio targets covering 46% of total investment and lending activities as of 2020. The company has also disclosed significant Scope 3 emissions, which include categories such as capital goods and employee commute, indicating a comprehensive approach to their climate commitments. Overall, Cathay Financial Holding Co is actively working towards aligning its operations with the 1.5°C climate scenario, demonstrating a strong commitment to sustainability and climate action.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2013 | 2014 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 883,910 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | - | 0,000,000 | - |
| Scope 2 | 11,942,010 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | - |
| Scope 3 | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Cathay Financial Holding Co is participating in some 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.
