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 53 is higher than 74% 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 8,200,000 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 has set ambitious climate commitments, aiming for a cumulative reduction of 11.7% in Scope 1 emissions by 2025, with an annual reduction target of 4.2% from 2020 levels. For Scope 2 emissions, the same annual reduction target of 4.2% is also in place, with a long-term goal of achieving a cumulative reduction of 42% by 2050. Furthermore, CTBC is committed to reaching net zero emissions by 2050 across both Scope 1 and Scope 2 emissions. The company has aligned its targets with the Science Based Targets initiative (SBTi), covering 31% of its total investment and lending by total assets as of 2021. This commitment reflects CTBC's dedication to maintaining a trajectory consistent with limiting global warming to 1.5°C.
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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 | - | - | - | - | 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.
