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 54 is higher than 97% 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 2,347,890 kg CO2e for Scope 1, about 25,183,230 kg CO2e for Scope 2 (market-based), and a significant 2,234,238,160 kg CO2e for Scope 3 emissions. This reflects a comprehensive approach to emissions reporting, covering all three scopes. Shin Kong has set ambitious climate commitments, aiming for a 42% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, using 2022 as the baseline year. Additionally, the company has committed to achieving net zero emissions for its headquarters and main office locations by 2030. The organisation has also established a near-term target of a 2% annual reduction in Scope 1 and 2 emissions, starting from a 2019 baseline, which is indicative of its proactive stance on climate action. Furthermore, Shin Kong's portfolio targets cover 39% of its total investment and lending by total assets, aligning with the Science Based Targets initiative (SBTi) to ensure that its operations contribute to limiting global warming to 1.5°C. Overall, Shin Kong's emissions data and climate commitments demonstrate a robust framework for addressing climate change and reducing its carbon footprint 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.
