Bank Chb Sustainability Profile
Bank of China (Taiwan) Ltd., commonly known as Bank Chb, is a prominent financial institution headquartered in Taipei, Taiwan. Established in 1946, it has grown to become a key player in the banking sector, offering a wide range of services including personal banking, corporate finance, and wealth management. With a strong presence across Taiwan and significant operations in Asia, Bank Chb is recognised for its innovative financial products tailored to meet diverse customer needs. The bank's commitment to customer service and technological advancement has positioned it as a trusted partner in the financial landscape. Notable achievements include its robust market share and reputation for reliability, making Bank Chb a preferred choice for both individual and corporate clients seeking comprehensive banking solutions.
DitchCarbon Score
How does Bank Chb'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
Bank Chb's score of 54 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank Chb's reported carbon emissions
In 2024, Bank Chb reported total carbon emissions of approximately 14,051,823 kg CO2e, with Scope 1 emissions at about 2,006,416 kg CO2e and Scope 2 emissions at approximately 12,045,407 kg CO2e. This marks a reduction from 2023, where total emissions were about 15,142,278 kg CO2e, with Scope 1 at approximately 2,133,566 kg CO2e and Scope 2 at around 13,008,712 kg CO2e. The bank has set ambitious carbon reduction targets, aiming for a 42% reduction in both Scope 1 and Scope 2 emissions by 2030, compared to 2020 levels. This translates to an annual reduction of about 4.2%. Additionally, Bank Chb is committed to net-zero emissions across all scopes by 2050, with specific portfolio targets covering 14% of its total investment and lending by total assets as of 2022. The emissions data is sourced directly from Chang Hwa Commercial Bank, Ltd., with no cascaded data from a parent organization. The bank's climate commitments align with industry standards, reflecting a proactive approach to addressing climate change and reducing its carbon footprint.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,999,749 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 15,257,404 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 0,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | - | - |
How Carbon Intensive is Bank Chb's Industry?
How Carbon Intensive is Bank Chb's Location?
Bank Chb's Scope 3 Categories Breakdown
Bank Chb's Scope 3 emissions, which increased by 7% last year and increased by approximately 337% since 2018, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 46% of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 68% of Scope 3 emissions.
Top Scope 3 Categories
Bank Chb's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Bank Chb has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
