CTBC Finance Co., Ltd. Sustainability Profile
CTBC Finance Co., Ltd., commonly referred to as CTBC, is a leading financial services provider headquartered in Taiwan (TW). Established in 1966, the company has grown to become a prominent player in the banking and finance industry, with a strong presence across Asia and beyond. CTBC offers a diverse range of financial products and services, including retail banking, corporate finance, and wealth management, distinguished by their customer-centric approach and innovative solutions. The firm has achieved significant milestones, such as expanding its operations internationally and receiving numerous accolades for its service excellence. With a commitment to sustainability and digital transformation, CTBC Finance continues to solidify its market position, making it a trusted choice for individuals and businesses seeking comprehensive financial solutions.
DitchCarbon Score
How does CTBC Finance Co., Ltd.'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 Retail Trade 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
CTBC Finance Co., Ltd.'s score of 44 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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CTBC Finance Co., Ltd.'s reported carbon emissions
In 2023, CTBC Finance Co., Ltd. reported total carbon emissions of approximately 41,320,000 kg CO2e from Scope 1 and 2 sources combined, with Scope 1 emissions at about 4,132,000 kg CO2e and Scope 2 emissions at approximately 40,093,000 kg CO2e. Additionally, the company recorded Scope 3 emissions of around 10,506,000 kg CO2e, which includes significant investments amounting to approximately 21,262,352,000 kg CO2e. Comparatively, in 2022, CTBC's emissions were slightly lower, with Scope 1 at about 3,222,000 kg CO2e, Scope 2 at approximately 40,464,000 kg CO2e, and Scope 3 emissions at around 10,049,000 kg CO2e, including investments of about 22,364,459,000 kg CO2e. This indicates a marginal increase in total emissions from 2022 to 2023. CTBC Finance Co., Ltd. is a current subsidiary of CTBC Financial Holding Co., Ltd., which influences its emissions data. However, there are currently no specific reduction targets or climate pledges documented for CTBC Finance Co., Ltd. The company has disclosed emissions across all three scopes, demonstrating a commitment to transparency in its climate impact reporting.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 3,222,000 | 0,000,000 |
| Scope 2 | 40,464,000 | 00,000,000 |
| Scope 3 | 10,049,000 | 00,000,000 |
How Carbon Intensive is CTBC Finance Co., Ltd.'s Industry?
How Carbon Intensive is CTBC Finance Co., Ltd.'s Location?
CTBC Finance Co., Ltd.'s Scope 3 Categories Breakdown
CTBC Finance Co., Ltd.'s Scope 3 emissions, which increased by 5% last year and increased by approximately 5% since 2022, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 19% of total emissions under the GHG Protocol, with "Investments" representing nearly all of their reported Scope 3 footprint.
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CTBC Finance Co., Ltd.'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.
CTBC Finance Co., Ltd. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
