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 48 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Cathay Financial Holding Co's reported carbon emissions
In 2023, Cathay Financial Holding Co., based in Taiwan (TW), reported total carbon emissions of approximately 48,910,530 kg CO2e from Scope 1 and Scope 2 sources. This includes 4,031,190 kg CO2e from Scope 1 and about 44,879,340 kg CO2e from Scope 2. The company has also disclosed significant Scope 3 emissions, with approximately 171,546,620 kg CO2e attributed to various categories, including capital goods and employee commute. Cathay Financial Holding Co. has set ambitious climate commitments, aiming for net-zero emissions across all scopes by 2050. Their near-term targets include a 50% reduction in Scope 1 and Scope 2 emissions by 2030, using 2018 as the baseline year. These targets cover 46% of their total investment and lending activities by monetary value as of 2020, aligning with the Science Based Targets initiative (SBTi) to ensure their operations contribute to limiting global warming to well below 2°C. The company is actively working towards these goals, demonstrating a commitment to sustainability and responsible investment practices within the financial sector.
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| 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 committed to some reduction initiatives 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.
