CTBC Financial Holding
CTBC Financial Holding Co., Ltd., commonly known as CTBC, is a prominent financial services provider headquartered in Taiwan (TW). Established in 1966, the company has grown to become a key player in the banking and financial industry, with significant operations across Asia and beyond. CTBC offers a diverse range of services, including commercial banking, wealth management, and insurance, distinguished by its customer-centric approach and innovative financial solutions. The firm has achieved notable milestones, such as expanding its international presence and receiving various accolades for its service excellence. With a strong market position, CTBC is recognised for its commitment to sustainability and digital transformation, making it a trusted choice for individuals and businesses seeking comprehensive financial services.
DitchCarbon Score
How does CTBC Financial Holding'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
CTBC Financial Holding's score of 44 is higher than 93% 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 Financial Holding's reported carbon emissions
In 2023, CTBC Financial Holding, headquartered in Taiwan (TW), reported total carbon emissions of approximately 44,176,000 kg CO2e, which includes 4,132,000 kg CO2e from Scope 1 and 40,044,000 kg CO2e from Scope 2 emissions. Additionally, Scope 3 emissions accounted for about 8,000,000 kg CO2e, with significant contributions from business travel (569,000 kg CO2e), employee commuting (56,000 kg CO2e), waste generated in operations (340,000 kg CO2e), and fuel and energy-related activities (7,915,000 kg CO2e). CTBC Financial Holding has committed to achieving net-zero emissions across all scopes by 2050, with interim targets set for 2035. Their portfolio targets cover approximately 31% of total investment and lending by total assets as of 2021. The company is aligned with the Science Based Targets initiative (SBTi), ensuring that their emissions reduction strategies are consistent with the goal of limiting global warming to 1.5°C. Over the past few years, CTBC has made notable progress in reducing emissions, with a decrease from 44,176,000 kg CO2e in 2023 to 43,725,000 kg CO2e in 2022, and further down from 42,195,000 kg CO2e in 2021. This demonstrates a commitment to sustainability and responsible financial practices within the banking and financial services sector.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,975,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 30,660,000 | 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 | - | - | - | - | 0,000,000 | 0,000,000 |
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.
CTBC Financial Holding 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.
