Shanghai Commercial And Savings Bank
Shanghai Commercial and Savings Bank (SCSB), a prominent financial institution headquartered in Taiwan, has been a cornerstone of the banking industry since its establishment in 1915. With a strong presence in major operational regions across Taiwan and beyond, SCSB offers a comprehensive range of services, including personal banking, corporate finance, and wealth management. Renowned for its commitment to customer service and innovative financial solutions, SCSB has achieved significant milestones throughout its history, solidifying its market position as a trusted banking partner. The bank's core products, such as savings accounts, loans, and investment services, are designed to meet the diverse needs of its clientele, setting it apart in a competitive landscape. With a focus on sustainability and community engagement, SCSB continues to uphold its reputation as a leader in the financial sector.
DitchCarbon Score
How does Shanghai Commercial And Savings Bank'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
Shanghai Commercial And Savings Bank's score of 53 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shanghai Commercial And Savings Bank's reported carbon emissions
In 2023, Shanghai Commercial and Savings Bank (SCSB) reported total carbon emissions of approximately 3,839,000 kg CO2e from Scope 1 and Scope 2 sources combined, with Scope 1 emissions at about 1,069,000 kg CO2e and Scope 2 emissions at approximately 7,323,000 kg CO2e. The bank's Scope 3 emissions were significantly higher, totalling about 2,838,151,000 kg CO2e, primarily driven by investments (2,838,151,000 kg CO2e), employee commuting (1,856,700 kg CO2e), and purchased goods and services (1,347,900 kg CO2e). SCSB has set ambitious carbon reduction targets, aiming for a 3% annual reduction in Scope 1 and Scope 2 emissions from a 2022 baseline, with a target completion year of 2030. This commitment aligns with their long-term net-zero strategy, which encompasses all scopes of emissions. The bank's portfolio targets cover approximately 12% of its total investment and lending by total assets as of 2022, with required activities making up 15% of this total. SCSB is committed to the Science Based Targets initiative (SBTi) and has established near-term targets consistent with limiting global warming to 1.5°C. The bank's efforts reflect a proactive approach to sustainability within the financial sector, demonstrating a commitment to reducing its carbon footprint and contributing to global climate goals.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 81,600 | 000,000 | 000,000 | 000,000 | 000,000 | 0,000,000 |
| Scope 2 | 1,590,200 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | 000,000,000 | 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.
Shanghai Commercial And Savings Bank 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.
