Cathay Financial Holding Co
Cathay Financial Holding Co., often referred to as Cathay Holdings, is a prominent financial services conglomerate headquartered in Taiwan (TW). Established in 2000, the company has rapidly evolved to become a key player in the financial industry, with significant operations across Asia and beyond. Cathay Financial Holding Co. primarily operates in the insurance, banking, and asset management sectors, offering a diverse range of products and services tailored to meet the needs of individual and corporate clients. Its unique approach combines innovative financial solutions with a strong commitment to customer service, setting it apart in a competitive market. With a solid market position, Cathay Holdings has achieved notable milestones, including recognition for its robust financial performance and commitment to sustainable practices. The company continues to strengthen its reputation as a leader in the financial services landscape, driven by a focus on growth and excellence.
DitchCarbon Score
How does Cathay Financial Holding Co'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 Insurance Services 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
Cathay Financial Holding Co's score of 57 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Cathay Financial Holding Co's reported carbon emissions
In 2024, Cathay Financial Holding Co., based in Taiwan (TW), reported significant carbon emissions across various scopes. The total emissions were approximately 1,270,050,550 kg CO2e, with Scope 1 emissions at about 8,601,512 kg CO2e, Scope 2 emissions at around 61,342,253 kg CO2e, and Scope 3 emissions reaching approximately 1,270,050,550 kg CO2e, which includes investments of about 12,288,888,720 kg CO2e. For 2023, the emissions data indicated a total of approximately 1,478,497,110 kg CO2e, with Scope 1 emissions at about 5,455,975 kg CO2e, Scope 2 emissions at around 60,637,698 kg CO2e, and Scope 3 emissions at approximately 1,478,497,110 kg CO2e, including investments of about 11,449,627,500 kg CO2e. Cathay Financial Holding Co. has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 30% from a 2015 baseline by 2025. Additionally, the company has pledged to achieve net zero emissions by 2050 across all scopes. These targets align with the Science Based Targets initiative (SBTi), which recognises Cathay's commitment to reducing its portfolio emissions, covering 46% of its total investment and lending activities by monetary value as of 2020. The company is on track to meet its near-term targets, which are consistent with keeping global warming well below 2°C. Cathay's proactive approach to climate action reflects its dedication to sustainability and responsible investment practices.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 883,910 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | - | - | - |
| Scope 2 | 11,942,010 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | - |
| Scope 3 | - | - | - | - | 000,000 | 000,000 | 0,000,000 | 0,000,000 | 000,000,000 | 00,000,000,000 | 00,000,000,000 |
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.
Cathay Financial Holding Co 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.
