Far Eastern International Bank

Far Eastern International Bank's reported carbon emissions

Far Eastern International Bank (FEIB), headquartered in TW and operating within the financial intermediation services sector, reported a total of approximately 91.5 billion kg CO2e for Scope 3 emissions in 2023. This Scope 3 total was primarily driven by investments, accounting for approximately 9.13 billion kg CO2e, and purchased goods and services, contributing about 7.81 million kg CO2e. The bank also reported Scope 1 emissions of approximately 306,880 kg CO2e and Scope 2 market-based emissions of about 5.15 million kg CO2e for 2023. Consequently, the bank's total combined Scope 1, 2, and 3 emissions for 2023 amounted to approximately 91.5 billion kg CO2e. FEIB has set near-term Science Based Targets (SBTi) which are consistent with a 1.5°C warming scenario for its operations. Specifically, the bank's portfolio targets cover 13% of its total investment and lending by total assets as of 2023, with required activities making up 16% of its total investment and lending by total assets. These targets have a near-term target year of 2029. The provided data indicates these targets are inherited from Far Eastern International Bank Ltd. with a cascade level of 0. The bank is committed to near-term targets but does not currently have a net-zero commitment or long-term targets disclosed. FEIB's carbon intensity in 2023 was approximately 0.43 tonnes CO2e per million USD in revenue.