Bank Chb

Bank Chb's reported carbon emissions

Bank Chb, headquartered in TW and operating within financial intermediation services (excluding insurance and pension funding), has reported its carbon emissions and climate commitments across several years. For the reporting year 2024, Bank Chb's total emissions (Scope 1, 2, and 3 combined) were approximately 14,051,823 kg CO2e. This figure is composed of Scope 1 emissions totalling about 2,006,416 kg CO2e and Scope 2 emissions of approximately 12,045,407 kg CO2e. Scope 3 emissions for this period are reported to be 43,994,740,000 kg CO2e, primarily from investments. In 2023, the bank's total emissions stood at approximately 15,142,278 kg CO2e, with Scope 1 emissions at about 2,133,566 kg CO2e and Scope 2 emissions at approximately 13,008,712 kg CO2e. Scope 3 emissions were significantly higher, at about 7,646,568,000 kg CO2e, also driven by investments. Looking back, Bank Chb reported Scope 1 and 2 emissions of approximately 17,091,793 kg CO2e for 2022, alongside Scope 3 emissions from investments of about 1,433,353,000 kg CO2e. In 2021, total Scope 1 and 2 emissions were approximately 17,453,928 kg CO2e, with Scope 3 emissions, including investments, use of sold products, and upstream transportation, totalling approximately 5,244,309 kg CO2e, with investments being 1,031,326,000 kg CO2e. Bank Chb has established a midterm carbon reduction target of 42% by 2030 compared to a 2020 baseline. This target is equivalent to an annual reduction of 4.2%. These reduction goals encompass both Scope 1 and Scope 2 emissions. Furthermore, Bank Chb is committed to net-zero emissions by 2050, as indicated by its Science Based Targets initiative (SBTi) commitments, with portfolio targets covering 14% of its total investment and lending by total assets as of 2022. The bank's operations and Scope 1 and 2 emissions are aligned with reductions needed to keep warming to 1.5°C.