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 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 42 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Cathay Financial Holding Co's reported carbon emissions
In 2023, Cathay Financial Holding Co., based in Taiwan (TW), reported carbon emissions of approximately 4,031,190 kg CO2e for Scope 1 and about 44,879,340 kg CO2e for Scope 2. The total emissions for Scope 1 and 2 combined reached around 48,910,530 kg CO2e. For Scope 3 emissions, the company disclosed significant figures, including approximately 47,518,220 kg CO2e for capital goods and 30,146,820 kg CO2e for employee commute. In 2022, Cathay's emissions were slightly higher, with Scope 1 at 3,971,910 kg CO2e and Scope 2 at about 48,521,370 kg CO2e. The total Scope 1 and 2 emissions amounted to approximately 52,493,280 kg CO2e. The company has set ambitious climate commitments, aiming for net-zero emissions across all scopes by 2050, with a near-term target to cover 46% of its total investment and lending activities by monetary value as of 2020. Cathay Financial Holding Co. is committed to aligning its operations with the Science Based Targets initiative (SBTi), ensuring that its emissions reduction targets are consistent with the goal of limiting global warming to well below 2°C. The company has made significant strides in its climate strategy, focusing on reducing emissions from its investment portfolios and operational activities.
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Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2014 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,056,380 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | - |
| Scope 2 | 24,898,860 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - |
| Scope 3 | 4,344,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 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 committed to some reduction initiatives 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.
