CTBC Financial Holding Sustainability Profile
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 50 is higher than 69% 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 from Scope 1 and 2 combined. This includes 4,132,000 kg CO2e from Scope 1 and 40,044,000 kg CO2e from Scope 2. Additionally, Scope 3 emissions were significant, with investments contributing about 20,154,043,000 kg CO2e, alongside emissions 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 has set ambitious climate commitments, aiming for net zero emissions by 2050 across all scopes. This long-term target encompasses both Scope 1 and Scope 2 emissions. Furthermore, the company has established near-term targets aligned with a 1.5°C pathway, with a focus on covering 31% of its total investment and lending by total assets as of 2021. These targets are part of CTBC's commitment to the Science Based Targets initiative (SBTi), which underscores its dedication to reducing greenhouse gas emissions in line with global climate goals. CTBC's emissions data reflects a comprehensive approach to sustainability, with a clear trajectory towards significant reductions in its carbon footprint, thereby contributing to broader climate action efforts.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,215,040 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 32,070,570 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 2,478,000 | 0,000,000 | - | 0,000,000 | - | - | - | - | 00,000,000,000 | 00,000,000,000 |
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CTBC Financial Holding's Scope 3 Categories Breakdown
CTBC Financial Holding's Scope 3 emissions, which increased by 18% last year and increased significantly since 2014, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
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CTBC Financial Holding'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 Financial Holding has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about CTBC Financial Holding's sustainability data and climate commitments