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 42 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
CTBC Financial Holding's reported carbon emissions
In 2023, CTBC Financial Holding reported total carbon emissions of approximately 44,176,000 kg CO2e, comprising 4,132,000 kg CO2e from Scope 1 and about 40,044,000 kg CO2e from Scope 2 emissions. Additionally, the company disclosed Scope 3 emissions, which included 569,000 kg CO2e from business travel, 56,000 kg CO2e from employee commuting, 340,000 kg CO2e from waste generated in operations, and 7,915,000 kg CO2e from fuel and energy-related activities. CTBC Financial Holding has committed to achieving net-zero emissions across all scopes by 2050, with interim targets aligned with the Science Based Targets initiative (SBTi). As of 2021, their portfolio targets covered approximately 31% of total investment and lending by total assets. The company has also set a near-term target to reduce emissions in line with a 1.5°C pathway by 2035. Over the years, CTBC has made significant strides in reducing its carbon footprint. For instance, from 2016 to 2022, the company has seen fluctuations in its emissions, with a notable reduction in Scope 1 and 2 emissions from 32,635,000 kg CO2e in 2016 to 43,725,000 kg CO2e in 2022. This reflects their ongoing commitment to sustainability and climate action within the financial sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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 |
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 committed to some reduction initiatives 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.
