Shin Kong
Shin Kong Financial Holding Company, commonly referred to as Shin Kong, is a prominent player in the financial services industry, headquartered in Taipei, Taiwan (TW). Established in 2001, the company has rapidly expanded its operations across major regions in Taiwan and beyond, solidifying its position in the market. Shin Kong offers a diverse range of financial products and services, including insurance, banking, and investment solutions. Its unique approach combines innovative technology with customer-centric strategies, setting it apart from competitors. Notable achievements include a strong market presence and recognition for its commitment to financial stability and customer service excellence. With a focus on sustainable growth and a robust portfolio, Shin Kong continues to enhance its reputation as a trusted financial partner in the region.
DitchCarbon Score
How does Shin Kong'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 Financial Intermediation 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
Shin Kong's score of 48 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shin Kong's reported carbon emissions
In 2023, Shin Kong Financial Holding, headquartered in Taiwan (TW), reported total carbon emissions of approximately 2,234,238,160 kg CO2e. This figure includes 3,479,890 kg CO2e from Scope 1 emissions, 25,183,230 kg CO2e from Scope 2 emissions (market-based), and a significant 2,223,423,816 kg CO2e from Scope 3 emissions, which encompass indirect emissions from the value chain. Over the years, Shin Kong has demonstrated a commitment to reducing its carbon footprint. In 2021, the company reported total emissions of about 2,953,940,440 kg CO2e, indicating a reduction in emissions by approximately 719,702,280 kg CO2e by 2023. The company has set ambitious long-term targets, committing to achieve net-zero emissions across all scopes by 2050, as part of its Science Based Targets initiative (SBTi) commitments. Shin Kong's near-term targets include a focus on reducing emissions from its investment and lending portfolio, which covered 39% of its total assets as of 2022. The company aims to align its operations with the 1.5°C climate goal, ensuring that its emissions reduction strategies are consistent with global climate objectives. Overall, Shin Kong Financial Holding is actively working towards significant emissions reductions and has established a framework for sustainable practices in the financial sector.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 2,831,940 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 29,866,510 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 2,508,422,750 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Shin Kong 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.
