CTBC Financial Holding

CTBC Financial Holding, a financial intermediation services company based in TW, has outlined ambitious climate commitments, including a net-zero emissions goal by 2050. For its Scope 1 and 2 emissions, CTBC Holding has committed to a significant reduction of 63% by 2035, using a 2021 baseline year. This target is aligned with keeping global warming to 1.5°C.

In terms of reported emissions:

• 2024: Scope 3 emissions from investments were approximately 170.6 billion kg CO2e, and Scope 3 emissions (excluding investments) totalled about 24.0 billion kg CO2e. Scope 1 and 2 emissions for this year were approximately 2.6 billion kg CO2e.
• 2023: Scope 3 emissions from investments amounted to approximately 46.1 billion kg CO2e. Scope 1 and 2 emissions were about 2.3 billion kg CO2e.
• 2022: Scope 3 emissions from investments were reported at approximately 17.1 billion kg CO2e. Scope 1 and 2 emissions totalled around 5.2 billion kg CO2e.
• 2021: Scope 1 emissions were approximately 3.4 million kg CO2e, and Scope 2 emissions (location-based) were about 38.8 million kg CO2e, resulting in combined Scope 1 and 2 emissions of approximately 42.2 million kg CO2e.
• 2020: Scope 1 emissions were about 3.6 million kg CO2e, with Scope 2 emissions (location-based) at approximately 38.3 million kg CO2e, making total Scope 1 and 2 emissions around 41.9 million kg CO2e.
• 2019: Scope 1 emissions were approximately 6.0 million kg CO2e and Scope 2 emissions (location-based) were about 52.9 million kg CO2e, totalling roughly 58.9 million kg CO2e for Scope 1 and 2.
• 2018: Scope 1 emissions were reported at about 4.8 million kg CO2e, with Scope 2 emissions totalling approximately 42.1 million kg CO2e, leading to combined Scope 1 and 2 emissions of around 46.9 million kg CO2e.
• 2017: Scope 1 emissions were approximately 2.9 million kg CO2e, Scope 2 emissions were about 40.5 million kg CO2e, and Scope 3 emissions were around 1.4 million kg CO2e, with total Scope 1 and 2 emissions at approximately 43.4 million kg CO2e.
• 2016: Scope 1 emissions were about 2.0 million kg CO2e, and Scope 2 emissions were approximately 30.7 million kg CO2e, resulting in combined Scope 1 and 2 emissions of around 32.6 million kg CO2e.
• 2015: Scope 1 emissions were approximately 1.7 million kg CO2e, Scope 2 emissions were about 56.1 million kg CO2e, and Scope 3 emissions were around 1.4 million kg CO2e, with total Scope 1 and 2 emissions approximately 57.8 million kg CO2e.
• 2014: Scope 1 emissions were about 1.5 million kg CO2e, Scope 2 emissions were approximately 38.3 million kg CO2e, and Scope 3 emissions were around 2.5 million kg CO2e.

CTBC Financial Holding has also committed to achieving net zero emissions by 2050 for both Scope 1 and Scope 2 emissions, with targets set in 2016. They are recognised as a 1.5°C aligned company by SBTi for their operations. Notably, their investment and lending portfolio targets currently cover 31% of their total investment and lending by total assets as of 2021. They are also a member of the Net-Zero Banking Alliance.